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Norseman Capital ( (TSE:FTZ) ) has issued an announcement.
Fitzroy Minerals reported encouraging Phase 1 drilling results at its Buen Retiro copper project in northern Chile, highlighted by drill hole BRT-DDH045 intersecting 384 metres grading 0.23% copper from 4 metres, including 94 metres at 0.33% copper from 30 metres, and noted additional low-grade intercepts from hole 44. The company has begun a 6,000-metre infill drilling campaign to support a maiden mineral resource and subsequent prefeasibility study, prepared a 2,800-kilogram bulk sample for heap leach metallurgical testing at SGS, and is launching geophysical surveys and an 8,000- to 15,000-metre exploration drilling program, underscoring Buen Retiro’s potential as a major, infrastructure-rich copper system while data from an airborne geophysical survey at the nearby Caballos project is being interpreted.
More about Norseman Capital
Fitzroy Minerals Inc. is a Vancouver-based mineral exploration company focused on copper projects in northern Chile. Its key assets include the Buen Retiro and Caballos copper projects, where it is advancing heap leach development potential and exploring for large-scale copper systems near existing mining infrastructure and transport corridors.
Average Trading Volume: 216,311
Technical Sentiment Signal: Buy
Current Market Cap: C$107.6M
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