Fidelity Minerals – Peru Focused Project Generator with a Portfolio of Gold & Copper Projects

Goal is to define at least 1 million-ounce gold resource within 3 years

December 14, 2020 Chris Thompson Analyst Articles, Company Reports, Fidelity Minerals, Mining - Base Metals, Mining - Precious Metals

eResearch is pleased to publish a Company Research Report on Fidelity Minerals Corp.  (TSXV:FMN | OTC:SAIDF). You can download our 19-page Company Report by clicking on the following link: eR-FidelityMinerals-FMN-CR-2020-12-14-FINAL

COMPANY DESCRIPTION:

Fidelity Minerals Corp.  (“Fidelity Minerals” or “the Company”) is a junior exploration company engaged in the acquisition, exploration, and development of resource properties with a focus on Peru. In early 2019, the Company shifted its business focus to a Project Generator model and currently has four gold and copper exploration projects in Peru. In October 2019, the Company signed an agreement to sell its fifth project, the Cerro Dorado project, including the Rey Salomon Mine for US$1.43 million.

INVESTMENT THESIS AND UPCOMING CATALYSTS:

Three Main Corporate Objectives:

  1. Fidelity Minerals FMN stock chartDevelop existing gold & copper projects;
  2. Expand project portfolio with accretive acquisitions; and,
  3. Define at least 1 million-ounce gold resource within 3 years.

The four projects are all within Peru:

  1. Las Brujas Gold Project (100% interest)
    • Prospective epithermal gold project located within the “Yanacocha External Caldera” region
    • Project recently expanded to 8,400 ha
    • Near Cajamarca, Peru
  2. Fidelity Minerals FMN ProjectsLas Huaquillas (44.5% interest) and the Greater Las Huaquillas (100% interest)
    • Gold and base metal project
    • Hosts historical resource of 6.57 million tonnes grading 2.12 g/t gold & 25.2 g/t silver
    • Project size: over 7,400 ha
    • Cajamarca, Peru
  3. Porphyritic Copper Project (100% interest)
    • Porphyritic copper mineralization identified at 2 key mineralized zones approximately 4 km apart
    • 3 concessions over 1,200 ha, plus 3 new concession to secure an additional 2,800 ha
    • Near La Libertad, Peru
  4. Cerro El Bronce Gold Project (100% interest)
    • 2 concessions over 500 ha that hosts gold and copper mineralization including peak grades of up to 6.8% Cu, and up to 20.3g/t Au
    • Near La Libertad, Peru

Strong Management Team: Based on their geological knowledge of the region and a well-established Peru-based team, the Company is well-positioned to take advantage of exploration opportunities in the region.

Proprietary Regional Data-Sets: Fidelity Minerals believes it has a distinct edge in northern Peru as the company has developed proprietary regional data-sets which enable it to focus on specific opportunities.

Project Generator Model Reduces Risk: A diversified project portfolio with development funded by JV Partners, reduces risk and limits equity dilution.

Upcoming Catalysts:
  1. Further results from low-cost exploration success;
  2. Interest from possible JV partners; and,
  3. Potential accretive transactions.

You can download our 19-page Company Report by clicking on the following link: eR-FidelityMinerals-FMN-CR-2020-12-14-FINAL

FIGURE 2: Las Brujas Project – Regional Setting – Surrounded by Major Mining Companies

Fidelity Minerals FMN Las Brujas
Source: Company Presentation (2020)
About Chris Thompson 352 Articles
Chris Thompson is the President and Director of Equity Research at eResearch. He is a Professional Engineer and CFA Charterholder with a MBA in Investment Management and over 15 years of experience in software development, FinTech, telecommunications, and information technology. For the past 10 years, he has worked in the Capital Markets in Equity Research, M&A Investment Banking and Consulting in various sectors.

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