Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF) has released new drilling results from its Buen Retiro Copper Project near Copiapó, Chile, reporting a standout intersection of 64 metres at 2.00% copper from 127 metres, including 41 metres at 3.05% copper from 133 metres in drill hole BRT-DDH134. The results form part of an ongoing campaign to support a maiden Mineral Resource Estimate, which the company states will form the basis of a planned Preliminary Economic Assessment. Investors may be watching for the maiden MRE publication and the subsequent PEA as near-term milestones.

Key Points

  • Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y)
  • Drill hole BRT-DDH134 returned 64 metres at 2.00% copper from 127 metres, including 41 metres at 3.05% copper from 133 metres at Buen Retiro, Chile
  • Total drilling at Buen Retiro reached 31,189 metres as of November 5, 2026; a further 3,300 metres of diamond drilling and a 5,000-metre sulphide exploration program are underway
  • Investors may be watching for publication of the maiden MRE and the planned Pre-Feasibility Study, targeted for Q2 2027

BRT-DDH134 Delivers High-Grade Copper Beneath Historical Manto Negro Open Pit

The headline result from drill hole BRT-DDH134 — 64 metres at 2.00% copper from 127 metres, including 41 metres at 3.05% copper from 133 metres — overlaps with historical drill hole BRT-DDH013, which previously intersected 30 metres at 3.52% copper including 12 metres at 5.00% copper. The company states these two holes highlight a zone of strong mineralisation over a true width of approximately 50 metres at the base of the historical pit. The release notes that the richest interval contains abundant native copper, and that ongoing metallurgical test work using bulk samples will help calibrate copper content in the mixed supergene zones.

Additional Wide Copper Intervals Across Tenorita, Nativo, and Ortúzar Areas

Beyond the headline intersection, the drill campaign returned several additional notable results. BRT-DDH146 intersected 107 metres at 0.48% copper from 10 metres, including 37 metres at 0.96% copper from 44 metres. BRT-DDH133 returned 109 metres at 0.41% copper from 20 metres, including 13 metres at 1.10% copper from 112 metres. BRT-DDH143 intersected 179 metres at 0.26% copper from 30 metres and a further 86 metres at 0.22% copper from 272 metres. The release states mineralisation at Tenorita and Nativo is centred on ferric breccias approximately 70 metres wide, and remains open to the southeast.

Maiden MRE and Pre-Feasibility Study on the Horizon for Buen Retiro

As of November 5, 2026, Fitzroy has completed 25,634 metres of diamond drilling and 5,555 metres of RC drilling at Buen Retiro, totalling 31,189 metres since the start of February 2026. Results from drill holes BRT-DDH129 to BRT-DDH167 and RC holes BRT-RCD020 to BRT-RCD032 are intended for inclusion in the forthcoming maiden MRE, which is expected to incorporate Measured, Indicated, and Inferred Resources across the Tenorita, Nativo, and Ortúzar areas. The company has also planned a further 3,300 metres of infill diamond drilling to support potential conversion of Inferred Resources ahead of an updated MRE and a Pre-Feasibility Study targeted for Q2 2027.

Independent QP Verification and QA/QC Protocols Support Data Integrity

The technical information in the announcement was reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo., Ph.D., PMP), an independent qualified person as defined under NI 43-101. The company reports that QA/QC samples represent approximately 12% of total primary core samples, with certified copper standards sourced from Chilean company INTEM carrying international certification. A visual review of QA/QC results from standards and blanks identified no significant issues. The immediate share price impact was not clear from available public information.