Curated News
By: NewsRamp Editorial Staff
November 11, 2026
Fitzroy Minerals Hits 64m at 2% Copper at Buen Retiro
TLDR
- Fitzroy Minerals' Buen Retiro drilling yielded 64m at 2.00% Cu including 41m at 3.05% Cu, advancing toward a maiden MRE and PEA.
- Fitzroy completed 31,189 metres of drilling at Buen Retiro, using infill holes to convert Inferred Resources for an updated MRE and PFS.
- Fitzroy Minerals' Buen Retiro copper project may enable low-cost leachable copper production, supporting Chile's role in the global energy transition.
- Fitzroy's drill hole BRT-DDH134 intersected 41 metres at 3.05% copper, overlapping historical results of 12 metres at 5.00% copper.
Impact - Why it Matters
The high-grade copper intersections at Buen Retiro underscore the project's potential to become a significant copper producer in Chile, a top global copper jurisdiction. With the maiden MRE and PEA on the horizon, these results could accelerate Fitzroy's path to development, attracting investor interest and strategic partnerships. For stakeholders, this news signals progress toward resource definition and economic assessment, which are critical milestones for junior miners. As the world transitions to clean energy, copper demand is set to soar, making projects like Buen Retiro increasingly valuable. The ongoing drilling and exploration programs also highlight the company's commitment to expanding and upgrading its resource base, potentially leading to a re-rating of its shares.
Summary
Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) has reported promising ongoing drilling results from its advanced Buen Retiro Copper Project in Copiapo, Chile. As of November 5, 2026, the company has completed 31,189 metres of drilling—25,634 metres of diamond drilling and 5,555 metres of reverse circulation (RC) drilling—since the program began in February. The drilling is focused on infill work to support a forthcoming maiden Mineral Resource Estimate (MRE), which will form the basis for a planned Preliminary Economic Assessment (PEA). The MRE is expected to incorporate Measured, Indicated, and Inferred Resources across the Tenorita, Nativo, and Ortuzar areas. Fitzroy has also planned an additional 3,300 metres of diamond drilling to potentially convert Inferred Resources to Measured and Indicated categories, and a 5,000-metre sulphide exploration program is underway.
Key drill highlights include BRT-DDH134, which intersected 64 metres at 2.00% copper from 127 metres, including 41 metres at 3.05% copper from 133 metres. This high-grade zone overlaps with historical hole BRT-DDH013, which returned 30 metres at 3.52% copper, including 12 metres at 5.00% copper, indicating a robust mineralized zone at the base of the historical Manto Negro open pit. Other notable results include BRT-DDH146 with 107 metres at 0.48% copper from 10 metres, BRT-DDH133 with 109 metres at 0.41% copper from 20 metres, and BRT-DDH143 with 179 metres at 0.26% copper from 30 metres. CEO Merlin Marr-Johnson praised the results, stating, “More great results from Buen Retiro! Intersections of 64 metres at 2% copper, including 41 metres at 3% copper, are stand-out results... We are really looking forward to publishing our maiden mineral resource estimate and associated PEA soon.”
The company also provided a geology update, noting that mineralization at Tenorita strikes north-northwest and dips steeply east, while Nativo strikes north-south and is subvertical. Both areas are centered on ferric breccias with a width of approximately 70 metres. Ortuzar is geologically distinct, with disseminated manto-style mineralization controlled by lithology. The drill core assay results largely confirm previous geological interpretations. Fitzroy has implemented rigorous QA/QC procedures, including the use of blanks, duplicates, and certified standards, with about 12% of samples dedicated to QA/QC. The technical information in the release has been reviewed and approved by Dr. Scott Jobin-Bevans, a Qualified Person under NI 43-101. For more details, readers can view the original release on www.newmediawire.com.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, Fitzroy Minerals Hits 64m at 2% Copper at Buen Retiro
