Curated News
By: NewsRamp Editorial Staff
October 05, 2026
Fitzroy Minerals Hits High-Grade Copper at Buen Retiro
TLDR
- Fitzroy Minerals' Buen Retiro copper project shows high-grade drill results and low capital intensity, offering a competitive edge in the copper market.
- Fitzroy Minerals advances Buen Retiro with 22,697 metres of drilling, systematic studies, and plans for a DIA, MRE, and PEA by Q4 2026.
- Fitzroy Minerals' Buen Retiro copper project could enable faster, low-cost copper production, supporting global electrification and a sustainable future.
- Fitzroy Minerals' Buen Retiro project in Chile reveals remarkable leachable copper mineralization, with drill hole BRT-DDH110 returning 30.5 metres at 2.48% copper from surface.
Impact - Why it Matters
This news matters because it highlights a potential low-capital-intensity copper project at a time when new copper supply is urgently needed for the global energy transition. Fitzroy Minerals' Buen Retiro project could deliver near-term copper production, unlike many large-scale projects that require billions of dollars and a decade or more to develop. The high-grade, leachable mineralization and excellent infrastructure in an established mining district position Buen Retiro as a potentially rapid pathway to production. With key milestones like a maiden MRE and PEA expected in Q4 2026, the project could attract significant investor interest and contribute to filling the looming copper supply gap.
Summary
Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) has reported additional high-grade copper intersections from its advanced Buen Retiro Copper Project in Copiapo, Chile. The company has completed 22,697 metres of diamond drilling and 2,780 metres of reverse circulation drilling in 2026 as of September 30, with drilling ongoing using two diamond drill rigs and one RC rig. The current program aims to define Measured and Indicated Resources at Tenorita and Inferred Resources at Nativo, Ortuzar, and the extensions of Tenorita. Notable drill results include BRT-DDH110, which intersected 30.5 metres at 2.48% Cu from surface to end of hole, and BRT-DDH117, which returned 166 metres at 0.37% Cu from 81 metres, including 105 metres at 0.52% Cu and 30 metres at 1.23% Cu.
In parallel with exploration, Fitzroy is advancing multiple workstreams supporting a potential near-term heap-leach development, including geotechnical studies, sterilization drilling, environmental baseline studies, metallurgy, mineral processing, and engineering. The company plans to submit the statement of environmental impact (DIA) and apply for an environmental permit in Q4 2026, alongside publishing a maiden Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA). A Pre-Feasibility Study (PFS) with an updated MRE and maiden Mineral Reserve Statement is planned for Q2 2027.
Merlin Marr-Johnson, President and CEO, commented: “Buen Retiro continues to improve as our understanding of the scale and potential of the Project grows. In just 24 months of fieldwork, we have defined a remarkably continuous body of leachable copper mineralization and we are advancing multiple avenues of study in parallel.” He added that the project offers a low-capital-intensity, near-term copper production opportunity in an established mining district, with the potential to produce copper cathode quickly and efficiently.
Fitzroy Minerals is focused on exploring and developing copper assets in Chile, with its two lead properties being the Buen Retiro Copper Project and the Caballos Copper Project. The company’s shares are listed on the TSX Venture Exchange under the symbol FTZ and on the OTCQX under the symbol FTZFF. For more information, visit the Company's website: www.fitzroyminerals.com. 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 High-Grade Copper at Buen Retiro
