Fuerte Metals - Projects In Mexico and Chile, 21,000 Meter Drill Program Recently Completed, Over 1.5Mil Oz Gold Eq Resource (Indicated + Inferred).
Tim Warman, CEO of Fuerte Metals (TSX.V:FMT - OTC:FUEMF) joins me to introduce the Company’s key projects in Mexico and Chile, management team, key shareholders and near term drill results.
We start with the background on how the Company came together, involving major shareholders like Ross Beatty and Trinity Capita.
We then move to the projects starting with the Christina property in Mexico, where a 21,000-meter drill program is underway focused on a high-grade underground gold resource. This property has an indicated resource of over 750,000 ounces of gold equivalent and an inferred resource of around 766,000 ounces gold equivalent. Tim elaborates on the re-envisioning of Christina from an open-pit to an underground mining project due to its high-grade vertical veins.
Next are the Chilean porphyry projects, currently surrounded by a major Tech-Newmont JV. Tim highlights a strategy of potentially partnering with major players to advance these porphyry targets.
On the financial front the Company has 61 million shares outstanding, almost $8 million in cash, and no debt. Looking forward, continuous news flow is expected from ongoing drilling activities at the Christina property.
Click here to visit the Fuerte Metals website to learn more about the Company.
