Exploration Update at the Buen Retiro and Caballos Copper Projects, Chile

About this update from Fitzroy Minerals Inc

[{"type":"text","content":"Exploration Update at the Buen Retiro and Caballos Copper Projects, Chile\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n December 2, 2025 –\nFitzroy Minerals Inc. (TSXV: FTZ, OTCQB: FTZFF)\n \n\n (“\n \n\n Fitzroy\n \n\n ” or the\n“\n \n\n Company\n \n\n ”) is pleased\nto provide an update on exploration progress at its Buen Retiro and\nCaballos copper projects (the “Copper Projects”) in northern\nChile.\n \n\n\n\n At Buen Retiro, several parallel work-streams are\nunderway, including a new drilling campaign for resource definition\nrelated to the planned oxide development, environmental baseline\nstudies, Preliminary Economic Assessment (“PEA”) planning, ongoing\ncommercial discussions with Pucobre S.A. (“Pucobre”), and\ncontinued exploration within the wider project area. The team\nparticipated in a field-trip to Capstone Copper’s Manto Verde mine,\nLundin Mining’s Candelaria mine, and separately to Pucobre’s\nleaching facility at Planta Biocobre, near Copiapó. Fitzroy has\ncompleted 7,150 m of diamond drilling (“DD”) and 5,100 m of\nreverse circulation (“RC”) drilling at Buen Retiro in 2025.\nDrilling continues with one core rig and one RC rig. Results from\nholes 36 to 39 are reported below, with assays pending from holes 40\nto 42.\n \n\n\n\n At Caballos, progress has been slow due to technical\nchallenges. Diamond drill holes 2 and 4 were aborted short of target\ndepths (Figure 5). Hole 3 and 5 intersected mineralized breccias and\nresults are reported below. A new drilling contractor has been\nappointed, and one rig is currently drilling on the Chincolco target\n(hole 6), and another at Mule Hill (hole 7). The aim is to complete\n3,000 m in 2025, including two holes at Mule Hill, and at least one\nmore hole at Chincolco.\n \n\n\n\n\n\n Highlights (Buen\nRetiro):\n \n\n\n\n\n\n Holes BRT-DDH040 to BRT-DDH042 all intersected\nintervals in excess of 145 m of disseminated chalcopyrite in\nstratiform “Candelaria-style” geology.\n \n\n\n\n\n\n Hole BRT-DDH039 intersected 85.4 m @ 0.22% Cu from 58.6\nm, confirming a width of 360 metres, near surface oxide mineralization\nin t...

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