Business
New Geophysical Results Solidify Targets for Upcoming Phase 1 Drilling Program at Fitzroy's Polimet Gold-Copper-Silver Project, Chile
(TheNewswire) VANCOUVER, BRITISH COLUMBIA – TheNewswire - January 27, 2025 &...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"New Geophysical Results Solidify Targets for Upcoming Phase 1 Drilling Program at Fitzroy's Polimet Gold-Copper-Silver Project, 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 January 27, 2025 – FITZROY MINERALS INC.\n(TSXV: FTZ, OTCQB: FTZFF) (“Fitzroy Minerals” or the\n\"Company\")\n \n\n is pleased to announce that\nnew geophysical results, paired with previously reported soil and rock\nresults, and geologic mapping, have enhanced the understanding of the\nepithermal mineral system at the Polimet Gold-\n \n\n\n Copper-Silver Project, Chile (“Polimet” or\nthe “Project”).\n \n\n\n\n\n\n An Induced Polarisation (“IP”)\ngeophysical survey showed a very good relationship between conductive\nzones and known historical workings, hydrothermal alteration, and\nelevated Au-Cu-Ag grades. In addition, a detailed ground magnetic\nsurvey confirmed the presence of a structural corridor at least 5 km\nlong by 1.6 km that incorporates known mineralized zones, mapped\nveins, geochemical anomalies, and historical workings. This\ngeophysical data has been integrated into the Phase 1 drilling program\nwhich will test the best targets based on a combination of structural\nsetting, gold and copper assay results, hydrothermal alteration, and\nIP conductors. A 2,500 metre, minimum seven-hole diamond drilling\nprogram is due to start in February 2025.\n \n\n\n\n\n Highlights:\n \n\n\n\n\n\n\n Newly identified 1,600 m-long conductor,\nconnecting the historical workings of Santo Domingo and La García\nthat returned grades of 10.6 g/t Au and 6.5 % Cu (Santo Domingo) and\n23.3 g/t Au and 3.4 % Cu (La Garcia) from channel samples in the\nadits.\n \n\n\n\n\n\n\n\n Newly identified 680 m-long conductor\naround the historical San Pedro workings that returned grades\n \n\n\n of 43 g/t Au and 7.3 % Cu\n \n\n\n from channel samples\n \n\n\n in adits.\n \n\n\n\n\n\n\n A total geophysical conductor length of\n4,700 m identified within the survey zone, with several anomalies open\ntoward the north.\n \n\n\n\n\n\n\n Merlin Marr-Johnson, CEO and President comments,\n\"\n \n\n There is no doubt that\nbased on what we have seen to date, the Polimet Project hosts a\nsignificant epitherma...