Fitzroy Minerals Intersects 59.0 m at 1.73% Cu from 92.0 m, Including 12.0 m at 5.39% Cu from 136.0 m, and Expands the Drill Program to 22,000 m, at the Buen Retiro Copper Project, Chile
Fitzroy reports expanded near-surface copper paydirt at Buen Retiro with repeated high-grade intersections already becoming the norm.
Fitzroy Minerals Inc. (FTZ) reported additional diamond drill results from nine holes at its 100%-owned Buen Retiro copper project in Chile. Standout intercepts include: - BRT-DDH052: 59.0 m @ 1.73% Cu from 92.0 m (including 12.0 m @ 5.39% Cu from 136.0 m). - BRT-DDH062: 76.0 m @ 0.74% Cu from 69.0 m (including 13.0 m @ 3.62% Cu from 106.0 m).
Other holes returned broad, lower-grade zones, such as BRT-DDH063 with 85.4 m @ 0.40% Cu and BRT-DDH054 with 80.2 m @ 0.65% Cu.
The 2026 exploration and resource definition program has been expanded to approximately 22,000 m, up from an already-enlarged plan. Drilling continues with three diamond rigs, and an RC rig is to be added shortly. Since February 2026, 67 holes totaling 10,583 m have been completed.
Assay turnaround from ALS Global is delayed up to three months; the company has contracted SGS for Pit Area samples to mitigate this. Assays from hole 88 are pending.
Management highlighted that near-surface, leachable material near infrastructure supports a route to near-term copper cathode production with reduced capital requirements and permitting timelines.
Fitzroy Minerals Inc. (FTZ) released results describing high-grade, near-surface copper widths in a brownfield setting. These findings align with a pattern established at the Buen Retiro project by prior releases, which consistently returned thick, moderate-to-high-grade intersections. Previous results include:
- June 2025: 110 m @ 1.94% Cu
- May 2026: 78 m @ 1.70% Cu
- April 2026: 46 m @ 0.82% Cu
The current program expansion to 22,000 m was previously telegraphed, with a June 15 news item indicating an increased plan and additional rigs. No new metallurgical, permitting, or resource estimate milestones were advanced.
The market already prices in a high probability of a heap-leach operation. A significant change in outlook would require a genuine surprise, such as an unexpectedly large maiden resource, a formal joint-venture execution, or first-time strategic investor entry. This news is considered incremental, confirming and extending known mineralization without moving the needle beyond already-built expectations.
Fitzroy Minerals Inc. (FTZ) is an exploration and development company focused on copper in Chile. Its flagship Buen Retiro Project, located near Copiapó, is a 100% optioned Iron Oxide Copper-Gold (IOCG) system analogous to Candelaria. Mineralization occurs as near-surface oxides, mixed transition material, and deeper sulphides. The immediate development goal is a heap-leach/SX-EW operation partnered with Pucobre, which holds a 30% claw-back right. A Pre-Feasibility Study is underway, targeting rapid production around 2028.
A secondary project, Caballos in the Valparaíso Region, is an earlier-stage porphyry Cu-Mo-Au target with a large 5 km conductive anomaly identified by MobileMT geophysics. The company also holds Polimet and Taquetren projects, which are being divested to focus on copper.