Curated News
By: NewsRamp Editorial Staff
February 09, 2026

Fitzroy Minerals Reports Major Copper Discoveries in Chile, Extends Oxide Zone to 1.7 km

Discuss on LinkedIn Discuss on Telegram View History of this news story on GitHub
Original Source

TLDR

  • Fitzroy Minerals' drilling reveals high-grade copper and cobalt intersections at Buen Retiro, potentially offering investors early entry into a promising Candelaria-style discovery.
  • Fitzroy Minerals completed Phase 2 drilling with 8,300m of diamond core and 9,822m of reverse circulation, identifying new mineralization trends and planning 2026 geophysical surveys.
  • Discovering new copper deposits supports the global transition to renewable energy by providing essential materials for electrification and sustainable infrastructure.
  • Drill holes at Buen Retiro intersected copper mineralization even in areas intended for infrastructure, unexpectedly extending the oxide trend to 1.7 kilometers.

Impact - Why it Matters

This news matters because it highlights significant advancements in copper exploration, a critical metal for the global energy transition. As demand for copper surges due to electrification and renewable energy infrastructure, discoveries like those at Buen Retiro and Caballos could bolster supply chains and reduce reliance on existing mines. For investors, Fitzroy's promising drill results and expanded targets signal potential for resource growth and future economic viability, impacting mining sector dynamics and sustainability efforts. The projects' proximity to established mining regions in Chile enhances their strategic value, potentially contributing to local economies and global copper markets.

Summary

Fitzroy Minerals Inc. (TSXV: FTZ, OTCQB: FTZFF) has announced significant exploration progress at its Buen Retiro and Caballos copper projects in northern Chile, revealing promising drill results that could signal major mineral discoveries. At Buen Retiro, drill hole BRT-DDH041 intersected 108 meters at 0.41% copper with cobalt, including a high-grade zone of 48 meters at 0.77% copper, validating a new Candelaria-style sulphide exploration target. Reverse circulation drilling extended the Southwest oxide target to 1.7 kilometers, with hole BRT-RCD008 showing 213 meters of mineralization. President and CEO Merlin Marr-Johnson emphasized that even sterilization holes found copper, demonstrating the project's strength, and announced new drilling contracts for 2026, including a ground geophysical survey to target deeper sulphides. The company is also advancing a Heap Leach Joint Venture with Sociedad Punta del Cobre S.A., with a Pre-Feasibility Study underway.

At the Caballos project, drill hole CAB-DDH009 intersected 70 meters at 0.41% copper equivalent in a hydrothermal breccia, extending the strike length of mineralized zones and showing porphyry textures indicative of a long-lived copper system. An airborne MobileMT geophysical survey is imminent to map subsurface geology and guide Phase 2 drilling later in 2026. The company's rigorous QA/QC procedures, overseen by Qualified Person Dr. Scott Jobin-Bevans, ensure data reliability, with samples processed at labs like ALS-Patagonia and Andes Analytical Assay Limitada. Fitzroy Minerals, focused on copper assets in the Americas, continues to explore these projects with plans for further drilling and geophysical studies, aiming to unlock their full potential. For more details, view the original release on www.newmediawire.com, which includes comprehensive data and figures.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Fitzroy Minerals Reports Major Copper Discoveries in Chile, Extends Oxide Zone to 1.7 km

blockchain registration record for this content.