F.D.G. Mining Announces Commencement of Drilling on the Topacio Concession, Nicaragua

F.D.G. Mining is pleased to announce thmachines required for iron ore mininge initiation of the first phase of a drilling program on its 9300 hectare, 100%-controlled Topacio Project in east central Nicaragua. On the Topacio concession, multiple low sulfidation, epithermal quartz-sericite veins carry gold-silver mineralization. The property includes a NI43-101 compliant inferred resource of 680,000 tonnes grading 5.2 g/t Au and 34 g/t Ag and has a past history of gold production.

The initial drill program comprises of approximately 1800 metres of diamond drilling in 13 drill holes and will concentrate on the Topacio vein, which hosts the NI 43-101 compliant inferred resource (see 43-101 technical report entitled "Technical Report for a Geological Evaluation of the Topacio Project" amended February 3, 2011 by D. Dunn and W. Tanaka). It is designed to increase the inferred resource by (1) confirming results from historical drilling and improving recovery, (2) testing the resource where it remains open at depth and (3) testing the resource along strike. In order to accomplish these objectives the company will drill three holes coincident with previous drilling conducted by...