Fitzroy Minerals Intersects Highest Grade Copper to Date and Extends the Strike Length of the Main Mineralized Trend to 1.9 km at the Buen Retiro Copper Project, Chile
Fitzroy reports shallow high-grade copper step-outs advancing resource drill-out, while RC extension results remain unassayed.
Fitzroy Minerals Inc. (FTZ) has released assay results from diamond drill holes BRT-DDH081 to BRT-DDH100 at its Buen Retiro project. Of the 20 holes drilled, five were designated as geotechnical and returned no significant intersections. One hole, DDH089, was aborted at 232 m after failing to pass through a fault zone. The remaining 14 holes intersected mineralization.
Key intercepts reported include:
- BRT-DDH094: 105.0 m @ 0.74% Cu from 58.0 m, including 12.0 m @ 3.01% Cu, 8.0 m @ 0.99% Cu and 8.0 m @ 0.95% Cu
- BRT-DDH095: 8.8 m @ 3.70% Cu from 30.0 m, including 2.8 m @ 11.35% Cu and 1.0 m @ 21.84% Cu; the hole was stopped at 38.8 m after encountering an artisanal-mining void
- BRT-DDH099: 83.0 m @ 0.46% Cu from 69.0 m, including 49.0 m @ 0.68% Cu and 14.0 m @ 1.15% Cu
- BRT-DDH098: 31.0 m @ 0.96% Cu from 16.0 m, including 5.0 m @ 1.81% Cu and 7.0 m @ 2.28% Cu
- BRT-DDH086: 73.0 m @ 0.38% Cu, including 5.0 m @ 1.11% Cu and 4.0 m @ 1.20% Cu
DDH094 extended known mineralization 100 m north in the Tenorita area, while DDH099 identified a new mineralized area between Manto Negro and Nativo. Additionally, RC hole BRT-RCD020 intersected visual native copper and chalcocite at 239 m, extending the main trend by 200 m to 1.9 km along strike, though assays for this hole are pending.
Compositing was applied using a minimum thickness of 5 m and a minimum average grade of 0.20% Cu. True width is estimated at 80–90% of core length, but no per-hole true-width table is provided.
Fitzroy Minerals Inc. (FTZ) is a pre-resource junior developer with no revenue. The market has already seen a long run of positive Buen Retiro drill results through 2025 and 2026. The stock is roughly C$0.41, well below its January 2026 high of C$0.68 and inside a long consolidation.
- Prior anchor result: BRT-DDH072, 111.9 m @ 0.97% Cu, 108.5 percent-metres
- New best volumetric result: BRT-DDH094, 105 m @ 0.74% Cu, 77.7 percent-metres
The market did not re-rate after the July 2026 result; shares moved only from about C$0.40 to C$0.41 into this release. Because DDH094 is a successful step-out and DDH095/DDH099 add new high-grade and moderate-grade areas, the results are not a material miss. But they are also not transformational. They do not yet prove recoverable tonnes. This is best classified as incremental positive news: it supports the upcoming maiden Mineral Resource Estimate, but the market is not being asked to re-price a thesis-changing event.
Fitzroy Minerals Inc. (FTZ) is a copper-focused exploration and development company with no revenue. Its primary asset is Buen Retiro in Chile, a shallow manto/IOCG copper system located near Copiapó. The company is advancing toward a heap-leach operation, with production targeted for early 2028.
The company’s portfolio also includes Caballos, a Cu-Mo-Au porphyry target in Valparaíso; Polimet, a gold-copper-silver project; Taquetren in Argentina; and Caribou in British Columbia.
Financially, Fitzroy Minerals held approximately C$27.5 million in cash and C$27.4 million in working capital as of March 31, 2026. The company reported no debt and no revenue, recording a net loss of C$2.68 million for the six months ended March 31, 2026. There were 329.1 million shares outstanding as of that date. An investor presentation previously cited a US$2.1 billion market capitalization, but this figure is inconsistent with the provided share count and price and is not included here.
At Buen Retiro, Fitzroy Minerals has a non-binding letter of intent with Pucobre for processing at Planta Biocobre and potential joint venture development. Pucobre holds a 30% claw-back right exercisable in mid-2027.