Curated News
By: NewsRamp Editorial Staff
July 23, 2026

Fitzroy Minerals Hits Wide Shallow Copper Zones at Buen Retiro, Chile

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Original Source

TLDR

  • Fitzroy's high-grade copper intercepts at Tenorita, with 111.9m at 0.97% Cu, signal strong resource potential for early production by 2028.
  • Fitzroy drills 15 holes at Buen Retiro, using DD and RC rigs, with QA/QC protocols including blanks, standards, and pulp duplicates.
  • Advancing Buen Retiro copper project aims to supply copper for renewable energy and electric vehicles, supporting a sustainable future.
  • Drill hole 72 returned 111.9m of 0.97% copper near surface, including a 1.91% Cu sub-interval, expanding the Tenorita discovery.

Impact - Why it Matters

This news matters because it demonstrates the potential for near-surface, leachable copper mineralization at the Buen Retiro project, which could lead to a low-cost, rapid development scenario. The wide and consistent copper grades suggest a possible large-scale resource that could supply copper for the growing demand in renewable energy and electric vehicles. For investors, these results de-risk the project and support Fitzroy's goal of production by early 2028, offering a tangible path to value creation. The systematic drilling and quality control also build confidence in the project's technical foundation.

Summary

Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) has announced significant drilling results from its Buen Retiro Copper Project in Copiapo, Chile. The company reported results from 15 drill holes in the Tenorita area, a 1.7 km trend of copper mineralization southwest of the historical Manto Negro open pit. Notable highlights include drill hole BRT-DDH072 returning 111.9 meters at 0.97% copper from 21.1 meters depth, including 18.0 meters at 1.59% copper, and drill hole BRT-DDH070 returning 147.7 meters at 0.41% copper, including 47.0 meters at 0.88% copper. These results confirm wide zones of shallow, leachable mineralization, with consistent copper grades across approximately 300 meters in the widest part of Tenorita.

Fitzroy currently operates four drill rigs at Buen Retiro, with three diamond drill rigs and one reverse circulation rig. The company has completed 78 diamond drill holes totaling 13,036 meters since February 2026. The drilling is focused on advancing the Tenorita area to Measured, Indicated, and Inferred resource categories to support a robust mine-life for a Pre-Feasibility Study, defining Inferred resources elsewhere on the property, and testing new exploration targets. The company aims to complete the drill-out of Tenorita in August 2026 and is targeting production in early 2028.

President and CEO Merlin Marr-Johnson emphasized the consistency of mineralization, noting that drill hole #72 to the east of #70 confirms shallow mineralization across the widest part of the Tenorita area. The company also provided a detailed update on drilling procedures, assaying, and quality control measures, including the use of certified standards and blanks. Fitzroy Minerals is focused on copper exploration in the Americas, with other projects including Caballos Copper and Polimet Gold-Copper-Silver in Chile, Taquetren Gold in Argentina, and Caribou in Canada. For more information, visit the company's website at www.fitzroyminerals.com.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Fitzroy Minerals Hits Wide Shallow Copper Zones at Buen Retiro, Chile

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