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Norseman Capital ( (TSE:FTZ) ) has issued an update.
Fitzroy Minerals has commenced a 750 line-kilometre heliborne MobileMT geophysical survey over its Caballos Copper Project in Chile’s Valparaiso region, with results expected in March 2026. The work, carried out by Expert Geophysics Surveys, aims to provide a three-dimensional view of subsurface structures from surface to depths of up to two kilometres.
By combining MobileMT with complementary VLF-EM data, the company plans to refine its understanding of deep-seated faults, lithological contacts and structures controlling mineral systems, including beneath younger volcanic cover. Management believes the survey will help trace previously drilled mineralized breccias and potentially pinpoint porphyry-style intrusive centres, informing future exploration targeting at Caballos and strengthening Fitzroy’s copper exploration strategy in the Americas.
More about Norseman Capital
Fitzroy Minerals is a Vancouver-based exploration company focused on copper-focused mineral assets with substantial upside potential in the Americas. Its portfolio includes the Buen Retiro Copper Project near Copiapó, the Caballos Copper and Polimet Gold-Copper-Silver projects in Chile’s Valparaiso region, the Taquetren Gold Project in Argentina, and the Caribou Project in British Columbia, with shares listed on the TSX Venture Exchange and OTCQB.
Average Trading Volume: 216,580
Technical Sentiment Signal: Buy
Current Market Cap: C$146.8M
Find detailed analytics on FTZ stock on TipRanks’ Stock Analysis page.