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Fidelity Minerals Update on Cerro Dorado and Las Brujas Field Program

Mining News - Published on Mon, 30 Mar 2020

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Fidelity Minerals Corp announced the completion of a short field program at its Las Brujas project, and arrangements made to secure the continuation of the Cerro Dorado sale process during the COVID-19 societal shutdown in Peru. It said “A short field program was undertaken to assess local site and access conditions as well as prospective alteration profiles exposed by recent road access development at the Las Brujas project, located in the prolific greater Yanacocha District. The field program was guided by results of a Remote Spectral Geology project performed by Rodrigo Diaz of Global RSG. The Project applied Remote Sensing for the definition of lithology, alteration, mineralization, and structure, which together with an integrated interpretation of available geoscientific data has led to the generation of project scale target zones of interest. The identified zones correlate with historically mapped alteration and geochemical anomalies and newly identified exploration targets.”

In order to secure the additional targets beyond the project area, the Company has applied for two new concessions covering 1,500 ha. The program demobilised prior to the country wide lockdown declared in Peru on March 15.

Fidelity Minerals Corp is assembling a portfolio of high-quality mining assets in Peru through the implementation of our Strategic Project Generator model. The project generator model involves the identification and acquisition of appraisal stage opportunities with near-term valuation catalysts, including potential for high-impact M&A. The company is backed by an experienced management team with diverse technical, market, and commercial expertise and is supported by committed and sophisticated investors focused on building long term value.

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Posted By : Rabi Wangkhem on Mon, 30 Mar 2020
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