Fortuna Mining (FSM) Reports Significant High Grade Exploration Results at Diamba Sud Gold Project

Fortuna Mining Corp. (NYSE:FSM) is one of the best Canadian stocks to buy under $20. On February 25, Fortuna Mining reported significant new exploration results from its Diamba Sud Gold Project in Senegal, headlined by high-grade intersections at the Southern Arc deposit. Notable drilling highlights include 6.0 g/t gold over 24.1 meters and 8.4 g/t gold over 10.4 meters. These results follow a recent 73% increase in the project’s Indicated Mineral Resource to 1.25 million ounces, with Southern Arc now established as the largest single deposit on the property, containing 367,000 gold ounces at an average grade of 1.9 g/t.

The exploration program, which included 44 holes totaling over 7,500 meters at Southern Arc, confirms that mineralization remains open at depth and along strike to the southwest and northeast. Most current drilling is relatively shallow at depths of less than 200 meters, suggesting substantial potential for further resource growth. Technical analysis reveals that gold mineralization is associated with hydrothermal breccias and carbonate units, characterized by fine stockwork vein arrays and extensive hematite alteration typical of the Diamba Sud project area.

Beyond Southern Arc, Fortuna Mining Corp. (NYSE:FSM) reported strong results from the Moungoundi, Area D, and Karakara prospects, including an exceptional hit of 46.3 g/t gold over 13.6 meters at Area D. The company is currently operating five drill rigs across the site to upgrade resource confidence and test for structural links between existing deposits.

Fortuna Mining Corp. (NYSE:FSM) engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal. The company operates through the Mansfield, Sango, and Bateas segments.

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