Fidelity Minerals Corp (CVE:FMN) (FRA:S5GM) (OTCMKTS:SAIDF) has reported positive sampling results from its wholly-owned Porphyritic copper project in Peru, despite a limited amount of work undertaken due to the coronavirus (COVID-19) pandemic.
A team was mobilized for reconnaissance exploration and sampling during February 2021 but the program was cut short due to a sudden country-wide mandatory quarantine order.
However, eleven rock samples were taken and highlight results showed anomalous copper concentrations reaching 1.94% of the red metal over 0.30 metres (m) in one canal sample and 1.56% copper over 0.60 m in another. The first sample was also characterized by an anomalous gold concentration of 0.82 grams per ton (g/t) gold, the company noted.
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"We are very pleased and encouraged by these positive results at Porphyritic Copper given the limited amount of sampling achieved, and challenging field conditions," said Dean Pekeski, CEO of Fidelity Minerals in a statement.
"We will look to plan a more substantial follow-up exploration program in the near future," he added.
The Porphyritic Copper asset comprises three contiguous concessions covering 4,000 hectares in an active mining and development district in La Libertad, northern Peru.
The project hosts near-surface, visible copper mineralization, as well as small-scale artisanal gold workings.
Contact the author at giles@proactiveinvestors.com