Curated News
By: NewsRamp Editorial Staff
September 29, 2025
Fitzroy Minerals Expands Chilean Copper Zones by 40%
TLDR
- Fitzroy Minerals extended Buen Retiro's copper mineralization by 40% to 1.4 km and plans a 2026 PEA, positioning it for potential fast-track production advantage.
- Fitzroy expanded drilling at Buen Retiro and Caballos using diamond and reverse-circulation methods, with systematic QA/QC procedures ensuring accurate mineral resource assessment.
- Fitzroy's copper exploration advances Chile's mining infrastructure and economic development, supporting local communities through job creation and sustainable resource extraction.
- Fitzroy discovered a 44-million-year-old hydrothermal system at Caballos matching Chile's famous copper belts, revealing ancient geological treasures beneath the surface.
Impact - Why it Matters
This news matters because copper is essential for the global transition to clean energy and electrification, with demand projected to surge as electric vehicles, renewable energy infrastructure, and grid modernization require substantial copper supplies. Fitzroy's expansion of mineralized zones and accelerated exploration timeline could position the company to contribute to future copper production in Chile, one of the world's most important copper-producing regions. Successful development of these projects could help address the anticipated copper supply gap while creating economic opportunities in northern Chile's mining sector. The company's focus on heap leach operations suggests potential for lower-cost production methods that could be economically viable even at moderate copper prices.
Summary
Fitzroy Minerals Inc. (TSXV: FTZ, OTCQB: FTZFF) has announced significant exploration progress at its Chilean copper projects, with particularly impressive developments at the Buen Retiro property. The company extended the zone of continuous mineralization in the Southwest Area by approximately 40% to 1.4 kilometers through diamond drilling, with mineralization remaining open along strike. Notable results include hole BRT-DDH-028 intersecting 133 meters at 0.46% copper in oxides, including higher-grade intervals of 40 meters at 0.53% copper and 35 meters at 0.77% copper. The company is accelerating its exploration program with additional drilling planned and is investigating the potential for fast-track production, aiming to complete both a maiden mineral resource estimate and Preliminary Economic Assessment for a heap leach operation in 2026.
At the Caballos project, Fitzroy is expanding its drilling program to three rigs following several technical breakthroughs. Recent age-dating revealed the project hosts a long-lived hydrothermal system spanning from 44 to 25 million years, placing it within the same metallogenic epoch as world-class Chilean copper deposits like Chuquicamata and Escondida. The company plans to complete 3,000 meters of diamond drilling in 2025, targeting both the Chincolco and Mule Hill prospects. CEO Merlin Marr-Johnson emphasized the scale and continuity demonstrated at Buen Retiro, while noting the confidence gained from recent advances at Caballos to justify the expanded drilling program. The company's website at www.fitzroyminerals.com provides additional information for investors interested in following these developments.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Fitzroy Minerals Expands Chilean Copper Zones by 40%
