Fitzroy Minerals Reports Major Copper Discovery in Chile with Strategic Advantages

Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) has announced significant exploration progress at its Buen Retiro and Caballos copper projects in northern Chile, positioning the company as a potential player in addressing the global copper supply challenge. The key development comes from drill hole BRT-DDH045 at the Buen Retiro project, which intersected 384 meters of copper mineralization at 0.22% copper from just 4 meters depth, including a higher-grade zone of 94 meters at 0.33% copper. President and CEO Merlin Marr-Johnson emphasized that this discovery, combined with large coincident geophysical anomalies, provides compelling evidence that Buen Retiro represents a major copper system. The company is leveraging this momentum with an aggressive infill drilling program of approximately 6,000 meters to support a maiden mineral resource estimate ahead of a Preliminary Feasibility Study (PFS), while also preparing a 2,800 kg bulk sample for heap leach metallurgical testing at SGS Laboratories.

The strategic advantages of the Buen Retiro location are particularly noteworthy, as highlighted in the company's update. Situated at low elevation on a brown-fields site just four kilometers from the Pan-American Highway and associated high-voltage transmission lines, the project benefits from proximity to coastal infrastructure where a proposed desalination plant already holds a seawater extraction license. Additionally, its closeness to the established mining center of Copiapo provides access to mining services and a substantial labor pool. These logistical advantages could significantly reduce development costs and timelines compared to more remote discoveries. The company has also contracted Fleet Space Technologies to conduct an Exosphere Ambient Noise Tomography (ANT) geophysical survey to image subsurface architecture and refine drill targets, while at the Caballos Copper Project, an airborne MobileMT survey has been completed with data interpretation underway.

Technical details reveal a sophisticated exploration approach, with infill drilling producing approximately 160 meters of HQ diamond core daily and comprehensive quality assurance protocols involving silica blanks, pulp duplicates, and certified copper standards from Instituto Nacional de Tecnologia Estandarizacion y Metrología Ltda. (INTEM). The company aims to leverage potential future cash flow from a proposed Buen Retiro heap leach copper operation to fund continued exploration for major copper deposits in Chile with minimal shareholder dilution. Independent Qualified Person Dr. Scott Jobin-Bevans has reviewed and approved the technical information, though he notes that the Candelaria-style mineralization described is not necessarily indicative of mineralization across the entire Buen Retiro project. For more detailed information, investors can view the original release on www.newmediawire.com and consult additional filings at www.sedarplus.ca.