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Fitzroy Minerals Reports 176 m @ 0.47% CuEq1 (0.31% Cu, 249 ppm Mo, 0.04 g/t Au) at the Caballos Copper Project and Confirms that the Buen Retiro Copper Project is Analogous to Candelaria, Chile
Thenewswire· 2026-01-13 14:15
Core Insights - Fitzroy Minerals Inc. is making significant progress in its exploration of the Buen Retiro and Caballos copper projects in northern Chile, coinciding with record-high copper prices, indicating a transformative year ahead for the company [1][2]. Caballos Project - The Caballos project has revealed a robust copper-molybdenum-gold system with multiple mineralization phases, extending over 600 meters, with ongoing exploration [2][4]. - Phase 1 drilling at Caballos has completed 3,154 meters across nine holes, with an airborne geophysical survey scheduled for Q1 2026 to enhance geological modeling [4][12]. - Drill hole CAB-DDH004A intersected 176 meters at 0.31% Cu, 249 ppm Mo, and 0.04 g/t Au, indicating promising mineralization [6][8]. Buen Retiro Project - At Buen Retiro, drilling continues to intersect significant sulphide mineralization, with a focus on the Upper Pucobre Formation, which is similar to the Candelaria deposit [3][20]. - Approximately 8,000 meters of diamond drilling across 29 holes has been completed, with assays pending for several drill holes due to laboratory delays [14][18]. - The geological interpretation indicates a copper-mineralized trend extending about 1 kilometer, with mineralization preferentially developed in permeable volcanic breccias and tuffs [17][18]. Technical Developments - The company plans to upgrade the Technical Report on the Heap Leach Joint Venture with Pucobre to a Pre-Feasibility Study, reflecting confidence in the project [4][23]. - New drilling contracts for 2026 are being negotiated, focusing on both exploration and larger diameter infill drilling [22]. Geophysical Surveys - Fitzroy has contracted Expert Geophysics for an airborne MobileMT survey to map subsurface geology to depths of 1 to 2 kilometers, with a total of approximately 716 line-km planned [10][12].
Surface Sampling at Smart Creek Project Yields High-Grade Mineralization with up to 102 g/t Au, up to 23% Cu and up to 3810 g/t Ag
Globenewswire· 2026-01-08 15:00
Core Insights - Domestic Metals Corp. has reported significant high-grade mineralization discoveries at the Smart Creek Project in Montana, with successful identification of gold, copper, and silver across multiple locations [1][2][10]. Exploration Update - The company conducted a 40-day field campaign in August-September 2025, analyzing 310 surface samples to characterize mineralized zones and refine drill targets [1][8]. - High-grade results include 39 samples exceeding 0.5 g/t Au, 43 samples exceeding 1% Cu, 35 samples exceeding 30 g/t Ag, and 31 samples exceeding 0.1% Zn [10]. Sample Highlights - Notable assay results include: - Sample G019235: 74.7 g/t Au, 13.8% Cu, 3810 g/t Ag - Sample G019007: 102 g/t Au - Sample G019225: 23.1% Cu, 424 g/t Ag [4][5]. Future Plans - The company plans to deploy a targeted geophysics program followed by a diamond drill program in Q1 2026 to further explore identified targets [2][10]. - New target areas have been identified for follow-up drilling based on the recent exploration data [15]. Geological Context - The Smart Creek Project is located in a geologically favorable area for porphyry copper deposits and carbonate replacement deposits (CRD), with extensive historical mining activity [26][14]. - The project area is characterized by significant geological features that enhance the potential for high-value mineral deposits [17][14].