Fortuna acquires 100% interest in Peru silver project

Latin American focused silver and base metal producer Fortuna Silver Mines said on Monday that it has signed an agreement with Crocodile Gold Corp. granting it the exclustone crusher size and price in kenyasive right and option to acquire a 100% interest in the Mario Property of Crocodile Gold, located in the Department of Junin in central Peru.

Mr. Jorge Ganoza, Fortuna's President and CEO, commented "The Mario property is an exciting exploration project for the company, located in one of the most prolific and productive silver-base metal provinces of Peru. This new growth opportunity comes as a result of the execution of our exploration team's project generation programs, being carried both in Peru and Mexico. The company currently has four drill rigs working at the Caylloma Mine and the San Jose Project and looks forward to advancing the Mario Property to a drill stage prior to the end of the year".

The option agreement is the first to be signed under Fortuna's project acquisition program, which is focused on identifying high quality silver-rich targets in Latin America. The Mario property covers highly prospective silver-gold-base metal mineralization occurring as massive sulfide replacement bodies, veins, mantos, hydrothermal breccias, disseminations and skarn-type bodies. The property covers 3,850 contiguous hectares and is located in the highly prospective central Peru metallogenic province, which hosts numerous large Ag-Pb-Zn carbonate replacement style deposits such as El Porvenir, Cerro de Pasco and Atacocha.

It has undergone several phases of historic exploration, most recently in 2006 by Franc-Or Resources Corp.