Business
Fidelity's Implementation of Strategic Project Generator Model Accelerating with Acquisition of Two Significant Projects
(via TheNewswire) - The extent of major transactions at both the proje...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Fidelity's Implementation of Strategic Project Generator Model Accelerating with Acquisition of Two Significant Projects(via TheNewswire)\n \n \n\n\n- The extent of major transactions at both the project & corporate level in the Andean mineral belt of Peru & Ecuador have markedly increased since early 20181.\n\n\n\n- Fidelity Minerals is ideally positioned to transact via implementation of the Strategic Project Generator (SPG) business model.\n\n\n\n- Two significant acquisitions in La Libertad district of Northern Peru include:\n\n\n\n\n\n1) A 100% interest in a Porphyritic Copper Project with multiple high-quality targets with extensive copper anomalism (to >1% Cu). \n\n\n\n2) Initial 25% interest in a project company which holds 6 concessions, one of which hosts a prospective Polymetallic Project (200 tonne bulk sample returned grades* of up to 14.5 oz/T Ag, 1.1g/T Au, 13.7% Zn and 10.4% Pb, in 2018). \n\n\n\n\n\n\n \n* The grades outlined above have been derived from historical sampling and have not been verified by Fidelity Minerals\n\n \n \nVancouver, BC / TheNewswire / April 29, 2019 - Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE: MNYC) (\"Fidelity Minerals\" or \"the Company\") is pleased to provide the following corporate update, including details in relation to the acquisition of two significant projects:\n\n\n \n\n\n- A 100% interest in a Porphyritic Copper Project (1,200Ha) in La Libertad, Northern Peru.\n\n\n\n- An initial 25% interest in a project company that holds a portfolio of project concessions (3,500Ha) also in La Libertad, including an advanced stage Polymetallic Project.\n\n\n\n\n \nAs an early mover into Northern Peru following the emergence of Ecuador as a world-class mineral exploration region, Fidelity Minerals is well placed to become a key player in this highly prospective region flanked by world-class projects to the south and frantic corporate activity to the north in Ecuador. The relevance of the Company's Strategic Project Generator model has been validated by recent corporate transactions, including numerous project-level transactions in Ecuador and Southern Peru where the majors are aggressively acquiring large-scale copper and gold targets. For further details on recent corporate activity, refer to Figure 1. \n\n\n \nIn light of this unprecedented recent interest in high qu...