Fitzroy Minerals Intersects 384 m @ 0.23% Cu from 4 m, including 94 m @ 0.33% Cu from 30 m, Buen Retiro Copper Project, Chile
Thenewswire·2026-03-20 11:00

Core Insights - Fitzroy Minerals Inc. has provided an update on exploration progress at its Buen Retiro and Caballos copper projects in northern Chile, indicating significant advancements in drilling and geophysical surveys [1][2][3] Buen Retiro Highlights - Drill hole 45 at the Buen Retiro property intersected copper in two distinct mineralizing styles, suggesting it is part of a major copper system [2] - The project is strategically located near infrastructure, including the Pan-American Highway and a proposed desalination plant, which may enhance operational efficiency [3] - Infill drilling is ongoing, with approximately 160 meters of HQ diamond core being drilled per day, and a total of 6,000 meters of drilling expected to be completed by April [4][6] Drilling Results - Drill hole BRT-DDH045 reported 384 meters at 0.23% Cu, including 94 meters at 0.33% Cu, indicating strong mineralization [8][11] - The drilling program aims to allow for a maiden mineral resource estimate ahead of a Preliminary Feasibility Study (PFS) [8] Geophysical Surveys - An airborne MobileMT geophysical survey at the Caballos Copper Project has been completed, with data interpretation currently underway [1][15] - A passive seismic survey is set to begin, which will assist in litho-structural interpretation and support sulphide drill-targeting at depth [6][12] Metallurgical Testing - A bulk sample of approximately 2,800 kg has been prepared for heap leach metallurgical test work, scheduled to commence at SGS Laboratories [5][8] Company Overview - Fitzroy Minerals focuses on exploring and developing copper-focused mineral assets in the Americas, with a portfolio that includes the Buen Retiro and Caballos projects in Chile [25]