Fitzroy Minerals Inc. of Canada Reports Continuous High-Grade Mineralization from Drilling at Chilean Copper Project
en.Wedoany.com Reported - On November 11, Fitzroy Minerals Inc. of Canada announced the latest batch of drilling results from its Buen Retiro copper project in Chile. Drill hole BRT-DDH134 intersected 64 meters averaging 2.00% copper from 127 meters depth, including 41 meters averaging 3.05% copper between 133 and 174 meters. The hole is located at the bottom of the historical Manto Negro open pit, and the new results correspond with high-grade mineralized intervals identified in previous historical drill holes, further revealing the continuous distribution of copper mineralization at the pit bottom.
The high-grade interval in BRT-DDH134 is dominated by native copper and secondary enrichment mineralization. Abundant native copper was found in the 133–174 meter section of the hole, with mineralization mainly distributed in the oxide zone and the secondary sulfide enrichment zone. The company's previous historical drill hole BRT-DDH013 intersected 30 meters averaging 3.52% copper from 141 meters depth, including 12 meters grading 5.00%. The results of the two holes correspond spatially, and on this basis the company has identified a high-intensity mineralized zone with approximately 50 meters of true thickness at the bottom of the historical open pit.
Other holes in this round also returned continuous mineralization results. BRT-DDH146 intersected 107 meters averaging 0.48% copper from 10 meters depth, including 37 meters grading 0.96% between 44 and 81 meters; BRT-DDH133 intersected 109 meters averaging 0.41% copper from 20 meters depth, including 13 meters grading 1.10% between 112 and 125 meters. BRT-DDH143 in the northern Ortúzar area intersected 179 meters averaging 0.26% copper from 30 meters depth, and also intersected a further 86 meters averaging 0.22% copper from 272 meters depth. These results show that the project hosts not only shallow oxide copper mineralization but also mineralization extending to depth into a primary sulfide zone containing chalcopyrite.
As of November 5, 2026, the project had completed a cumulative 25,634 meters of diamond drilling and 5,555 meters of reverse circulation drilling, for a total of 31,189 meters, with two diamond drill rigs and one reverse circulation rig deployed on site. The drilling results announced this time come from 39 diamond drill holes and 13 reverse circulation drill holes, and the relevant data will be incorporated into the project's maiden mineral resource estimate, covering the Tenorita, Nativo and Ortúzar areas.
The company has also arranged an additional 3,300 meters of diamond infill drilling, focusing on verifying the conditions for converting inferred resources to the indicated and measured resource categories, while also conducting 5,000 meters of sulfide-targeted exploration drilling. After completion of the maiden mineral resource estimate, the company plans to carry out a preliminary economic assessment and advance a pre-feasibility study in the second quarter of 2027.
