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Fidelity Minerals Significantly Expands Footprint at Las Brujas and Porphyritic Copper Projects
(via TheNewswire) Vancouver, BC - TheNewswire - August 12 th , 202...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Fidelity Minerals Significantly Expands Footprint at Las Brujas and Porphyritic Copper Projects(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - August 12th, 2020 - Fidelity Minerals Corp. (TSXV:FMN) | (FSE:S5GM) | (SSE:MNYC) (\"Fidelity Minerals\" or the \"Company\") is pleased to provide an update on the ongoing strategic expansion of key projects, through the acquisition of contiguous concessions. \n\n \n \nLas Brujas Project (FMN: 100%)\n\n\n \nFollowing recent exploration success at the Las Brujas project, the Company believes it is in the early stages of defining a number of potentially significant epithermal gold resources. As announced on 12 June 2020, assay results confirmed gold mineralisation at three distinct zones visible along a road cut with gold grades reaching 15.3g/t Au, 1.59g/t Au and 1.16g/t Au. Encouragingly, each of the mapped anomalies remain open in all directions, including extensions into newly acquired concessions. The original project (1,900ha) acquired by Fidelity Minerals in June 2019, was expanded to 3,400ha in early 2020, and in recent weeks, has been expanded further, to 5,000ha in total. Importantly, the recently acquired concessions contain geochemical gold anomalies that extend from recently identified zones of interest, as well as a large multi-square kilometre (km2) anomaly which the company plans to sample at the earliest opportunity. The Company is currently preparing plans for a more comprehensive mapping and sampling project to build on the initial positive results. \n\n \n \nPorphyritic Copper Project (FMN: 100%)\n\n\n \nThe Porphyritic Copper project consists of 1,200ha, where historical sampling has identified anomalous gold and copper, with peak grades in excess of 1% Cu. Recent remapping and reinterpretation of historical data has identified a number of zones of interest, which may represent the exposed sections of a typical Cu-Mo porphyry system. Whilst exploration at this project is at an early stage, in order to capture this additional prospectivity, Fidelity Minerals has recently applied for three new concessions, in order to secure a further 2,800ha of this highly prospective project.\n\n \n \nObjectives of Project Expansion\n\n\n \nIn the most recent corporate presentation (6 July 2020), the Company outlined its medium-term objectives, including to: \n\n\n \n\n\n- Cost-ef...