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The latest update is out from Norseman Capital ( (TSE:FTZ) ).
Fitzroy Minerals has reported encouraging new drilling results from its Buen Retiro and Caballos copper projects in northern Chile, including a 108 m intercept grading 0.41% copper at Buen Retiro and 70 m at 0.41% copper equivalent at Caballos. The company has extended the Buen Retiro Southwest oxide trend to 1.7 km, underscoring the scale of the near-surface mineralized system.
Management says drill holes 41 to 45 are defining a new Candelaria-style sulphide target at Buen Retiro, with grades comparable to those in Lundin Mining’s Candelaria open pit. Fitzroy has signed new drilling contracts for more than 13,000 m of additional drilling in 2026 and plans ground and airborne geophysical surveys to refine deeper targets, reinforcing its strategy to advance both oxide and sulphide potential and improve understanding of the Caballos porphyry system.
More about Norseman Capital
Fitzroy Minerals Inc. is a Canadian exploration company focused on copper projects in northern Chile, notably the Buen Retiro and Caballos properties. The company targets both near-surface oxide and deeper sulphide mineralization, aiming to define Candelaria-style copper systems and porphyry-related deposits in a region known for large-scale copper production.
Average Trading Volume: 222,525
Technical Sentiment Signal: Buy
Current Market Cap: C$146.8M
For detailed information about FTZ stock, go to TipRanks’ Stock Analysis page.