(Ecofin Agency) - An exploratory study from December 2022 revealed that the Diamba Sud project in Senegal could yield 715,000 ounces over 7.5 years. Fortuna Silver, the firm owning the mine plans to launch exploration works there in the coming months. These could scale up the mine’s potential.

Fortuna Silver Mines, a Canadian mining firm, has allocated $9.2 million to its 2024 exploration program for the Diamba Sud gold project in Senegal. In a statement released on March 11, the company specifies that the funds will be used for diamond (DD) and reverse circulation (RC) drilling totaling 42,700 meters.

The coming works aim to increase the project's resources while improving confidence levels regarding the future exploitation of already identified resources.

Fortuna Silver acquired the Diamba Sud project in September 2023. In December 2023, it drilled 23,170 meters at the mine.

The Canadian firm secured the project when it bought Chesser Resources, the mine’s previous owner. According to an exploratory study dated December 2022, Diamba Sud could yield 715,000 ounces over 7.5 years. This estimate could be revised upwards based on the results of Fortuna's current exploration program. The results should be included in the preliminary economic assessment due by the end of 2024.

Emiliano Tossou