Fidelity Minerals defines 4 high priority gold prospects with multi-million ounce potential at Las Brujas Project
Fidelity Minerals defines 4 high priority gold prospects with
multi-million ounce potential at Las Brujas Project
Vancouver, BC, August 24th, 2020 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE:
MNYC) (“Fidelity Minerals” or the “Company”) is pleased to announce the delineation of 4 high-
priority gold prospects at the Las Brujas project and provide an update on near-term plans to further
evaluate the potential of these prospects.
Las Brujas Project (FMN: 100%)
The Company is in the early stages of defining a number of potentially significant epithermal gold
resources across the recently expanded Las Brujas project . As announced on 12 June 2020, recent
sampling identified 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 , with all of the sampled anomalies being
open in all directions. Importantly, these results represent new zones of minerali sation, in addition
to previously encountered mineralisation in the northwest of the project. The expanded project now
comprises 5,000ha in total , and comprises at least five prospect zones in which elevated gold
anomalism has been identified. The four largest zones are tabulated following.
Prospect
Name
Footprint Type Known Au-Ag Description
Guacamayo 2-4km2 HSE Historical 2.6gpt
Au, 85.8gpt Ag
Argillic assemblage with coherent
anomaly coincident with alteration
anomaly
Grimaldi 2-4km2 HSE Historical
130.6gpt Ag, 2020
15.3gpt Au
Advanced argillic assemblage,
geochemical anomaly with strong
alteration profile
El
Ambique
2-4km2 HSE 2020 1.6 gpt Au Strong Hem -Si alteration defines
prospect extensive geochemical
anomaly
Bohorquez 1-4km2 HSE Historical 260ppb
Au in soil
Prospect located in prospective
setting and defined by complex
alteration
The Company has also updated its online Latest Presentation.
The Company is currently preparing plans for a more comprehensive field program consisting of
geophysics and additional sampling project to build on the highly encouraging initial positive
results.
The Company will continue to focus on its medium-term objectives, including to:
• Cost-effectively delineate substantial gold, copper and silver resources from the existing
project portfolio.
• Opportunistically expand the project portfolio, with accretive acquisitions.
• Define a >1 million-ounce gold (I Moz-eq) gold resource within 3 years.
A short promotional video piece by BNN will be aired in the week ahead t o introduce Fidelity
Minerals to a broader investor audience. The video can be viewed at the News & Media section of
the Fidelity Minerals website.
Further details about key projects , can be found in t he most recent Fidelity Minerals Corporate
Presentation available at:
https://www.fidelityminerals.com/latest-presentation
On behalf of the Board of Fidelity Minerals;
Ian Graham
CEO and Director
Tel: +1.604.671.1353
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS NEWS RELEASE.
Disclaimer & Forward -Looking Statements: This news release contains forward -looking statements.
Forward-looking statements are statements that relate to future events or future financial performance. In some
cases, you can identify forward-looking statements by the use of terminology such as “may”, “should”, “intend”,
“expect”, “plan”, “anticipate”, “believe”, “estimate”, “project”, “predict”, “potential”, or “continue” or the
negative of these terms or other comparable terminology. These statements speak only as of the date of this news
release. This news release may also contain inferences to future oriented financial information (“FOFI”) within
the meaning of applicable securities laws. The information in this news release has been prepared by our
management to provide a context for the project acquisition and to provide the reader with an outlook for our
future activities and anticipated key projects and may not be appropriate for other purposes. Forward -looking
statements in this announceme nt include, (but are not limited to) advancing certain key project activities that
could represent important milestones which the Company expects may represent material valuation catalysts,
such as the Company is currently preparing plans for a more comprehensive geophysics and sampling project to
build on the initial positive results . Further, forward -looking statements in this relea se include that Fidelity
Minerals Corp. will continue to focus on its medium -term objectives, including to cost-effectively d elineate
substantial gold, copper and silver resources from the existing project portfolio , opportunistically expand the
project portfolio with accretive acquisitions , and intends to d efine a >1 million -ounce gold (I Moz -eq) gold
resource within 3 years.