Fitzroy Minerals Reports on Latest Drilling Results and Extends Oxide Zone to 1.7 km, Buen Retiro Copper Project, Chile

Core Insights - Fitzroy Minerals Inc. has reported significant exploration progress at its Buen Retiro and Caballos copper projects in northern Chile, highlighting the discovery of new mineralization targets and promising drilling results [1][2][3]. Buen Retiro Project - The Phase 2 drilling at Buen Retiro has completed 8,300 meters across 29 drill holes, with new drilling contracts signed for an additional 10,400 meters of diamond drilling and 3,000 meters of reverse circulation drilling planned for 2026 [4][16]. - Drill hole BRT-DDH041 intersected 108 meters at 0.41% Cu, including 48 meters at 0.77% Cu, while BRT-DDH043 intersected 77 meters at 0.46% Cu, including 20 meters at 0.97% Cu, indicating strong mineralization [5][8]. - The reverse circulation drill hole BRT-RCD008 extended the Southwest oxide target to 1.7 kilometers, intersecting 213 meters at 0.19% Cu [13][14]. - The mineralization trend at Buen Retiro has been extended by 300 meters, now totaling 1,700 meters, with ongoing exploration to further define the mineralized system [13][9]. Caballos Project - At Caballos, Phase 1 drilling has been completed with 3,154 meters across nine holes, and an airborne geophysical survey is scheduled for Q1 2026 to enhance geological understanding [18][22]. - Drill hole CAB-DDH009 returned 71 meters at 0.41% CuEq, indicating a complex copper system with significant alteration and mineralization [19][20]. - The geological features observed in the drill cores are consistent with economic porphyry copper deposits, suggesting strong potential for further exploration [19][21]. Next Steps - The company plans to integrate geophysical data into its geological model to inform Phase 2 drilling at both Buen Retiro and Caballos, with a focus on mapping subsurface geology and identifying conductive features [22][16]. - Discussions regarding a Heap Leach Joint Venture Copper Project with Sociedad Punta del Cobre S.A. are ongoing, with plans for a Pre-Feasibility Study to meet NI 43-101 disclosure requirements [17].