Business
Fidelity Minerals Acquires Two Highly Prospective Gold Projects in Northern Peru
(via TheNewswire) - Fidelity Minerals has acquired a 100% interest in ...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Fidelity Minerals Acquires Two Highly Prospective Gold Projects in Northern Peru(via TheNewswire)\n \n \n\n\n- Fidelity Minerals has acquired a 100% interest in the:\n\n\n\n\n\n- Las Brujas Project (1,900Ha) in the province of Cajamarca, and\n\n\n\n- Cerro El Bronce Project (600Ha) in the province of Ancash, where historical sampling has identified peak copper grades of up to 6.8% Cu and gold grades of up to 20.3g/t Au.\n\n\n\n\n\n- Both projects host significant mineralization and are located in prolific Au-Cu districts that are the subject of active exploration by major mining companies.\n\n\n\n- Acquisitions represent further expansion of Fidelity Minerals project portfolio.\n\n\n\n- Fidelity Minerals is in the process of further consolidating the footprint of key projects in the portfolio to further strengthen strategic position.\n\n\n\n \n \nVancouver, BC / TheNewswire / June 11, 2019 - Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE: MNYC) (\"Fidelity Minerals\" or \"the Company\") is pleased to announce the acquisition of a 100% interest in the Las Brujas and Cerro El Bronce projects. These two highly prospective projects (\"the Projects\") are located in the provinces of Cajamarca and Ancash, Northern Peru, respectively. \n\n\n \nHistorical exploration at both the Projects has identified substantial resource prospectivity with exposed gold mineralization at surface and in soils, highlighting the potential of the Projects. Given the Projects are located in prolific gold districts, with further exploration success, the Projects may host potentially economic gold mineralization.\n\n \n \nLas Brujas Project\n\n\n \nThe Las Brujas project consists of 4 concessions totalling 1,900Ha located in the Cajamarca province of Peru. The project is accessible by road and is located within 10km of the La Zanja high sulphidation gold mine, and 20km and 23km from the Tantahuatay epithermal (Au/Ag) and Cerro Corona porphyry (Cu/Au) mines, respectively. The project features extensive argillic, advanced argillic, and quartz-sericite alteration over a 3 x 6 km area, where gold mineralization occurs in silicified volcanic rocks and hydrothermal breccias. Anomalous gold values have been reported from more than three extensive zones (including surface chip samples over 10 metres grading 1.5 g/t Au). Previous exploration at the project iden...