Canadian based FDG Mining has begun the first phase of the drilling programme on its Topacio concession located in east central Nicaragua.

The 100%-controlled Topacio Project covers an area of 9,300ha, which includes multiple low sulphidation and epithermal quartz-sericite veins carrying gold-silver mineralization.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

In the first initial drilling programme, the company will undertake approximately 1,800m of diamond drilling in 13 drill holes.

The drilling programme will concentrate on the Topacio vein which hosts the National Instrument (NI) 43-101inferred resource.

The company said that the prospect includes NI43-101 compliant inferred resource of 680,000t grading 5.2g/t gold and 34g/t silver.

The current drilling work is designed to increase the resource by confirming results from historical drilling and improving recovery, testing the resource where it remains open at depth and resource along strike.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The firm will drill three holes in line with the previous drilling programme conducted by Triton Mining in 1996. Triton experienced uneven core improvements through the quartz vein and associated quartz stock work host.

By drilling these holes, FDG obtains better core recovery, and a more accurate gold grade and ore thickness in the inferred resource. Five of the 13 holes will be drilled to cut gold-silver mineralisation that remains open at depth.

The last five drill holes of the programme will test the area south-west of and along strike from the resource, where trench results from FT11-015 and 016 include 2m of 2.5g/t gold.

A second phase of drilling is being planned to test gold-silver mineralisation in vein systems outside of the inferred resource.

NI 43-101 is a mineral resource classification scheme used for the public disclosure of information relating to mineral properties in Canada.