Business
Fidelity Minerals Provides Key Project & Corporate Update
(via TheNewswire) - Acceleration of the Greater Las Huaquillas project...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Fidelity Minerals Provides Key Project & Corporate Update(via TheNewswire)\n \n \n\n\n- Acceleration of the Greater Las Huaquillas project appraisal strategy.\n\n\n\n- Pre-commissioning capital estimates for Cerro Dorado nearing completion. Negotiations for securing multi-year ore feedstock for Cerro Dorado are ongoing and progressing well.\n\n\n\n- Potential major project acquisition and M&A opportunities.\n\n\n\n- Bahay Ozcakmak appointed executive chairman and advisory board established.\n\n\n\n- Market-making services provider VLP engaged by the Company.\n\n\n\n \n \nVancouver, BC / TheNewswire / March 13th, 2019 - Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE: MNYC) (\"Fidelity Minerals\" or the \"Company\") is pleased to provide the following update.\n\n \n \nGreater Las Huaquillas (GLH) Project, Cajamarca Province, Northern Peru\n\n\n \nThe Company has recently acquired a comprehensive geoscientific database consisting of all the historic drilling, trenching, geochemical, assay certificate and underground drawing data files generated by past project owners between 1988 and 2012; the dataset includes drill hole cross sections assembled via Kilborn Engineering (since acquired by SNC-Lavalin), from work performed prior to 1998. The historic holders of the project include ProInversion, the Government of Peru agency involved with mining (where underground vein exploratory mining occurred jointly between INGEMMET and BGR (Germany) starting in 1988), Sulliden (geochemistry, drilling, underground re-assay in 1997 - 98) as well as the most recent project operator. There has been no systematic technical work undertaken at the GLH project since 2012.\n\n \n \nFollowing the acquisition of a 44.5% interest in the Core Las Huaquillas concessions (3,600 Ha) and the subsequent acquisition of 9 additional concessions (3,800 Ha) by the Company on a 100% basis, the company has continued its review of regional prospectivity and has recently applied for further concessions increasing the strategic land holding of the GLH by a further 3,000 Ha. This additional land holding increases the total GLH project area to 10,400 Ha, with more than 65% of the project area wholly owned by the Company, providing maximum operational flexibility.\n\n \n \nGLH Strategic Consulting Agreement \n\n\n \nFidelity Minerals and a leading Australian geosc...