VANCOUVER, BRITISH COLUMBIA - June 29, 2026 (NEWMEDIAWIRE) - Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) ("Fitzroy" or the "Company") is pleased to provide an update on drilling at the Buen Retiro Copper Project, Copiapo, Chile ("Buen Retiro" or the "Project"). Drilling is ongoing with three diamond drill ("DD") rigs at site and a Reverse Circulation ("RC") rig will be added shortly. Given that the Company continues to intersect shallow mineralization the exploration and resource definition drill program has expanded. Fitzroy now estimates that it will drill approximately 22,000 m in 2026 at Buen Retiro. Results from nine drill holes in the Southwest Area are reported here.
Highlights
Drill hole BRT-DDH052 returned 59.0 m @ 1.73% Cu from 92.0 m, including 12.0 m @ 5.39% Cu from 136.0 metres.
Drill hole BRT-DDH062 returned 76.0 m @ 0.74% Cu from 69.0 m, including 13.0 m @ 3.62% Cu from 106.0 metres.
Exploration and resource definition drilling plans for 2026 have expanded to approximately 22,000 metres at Buen Retiro
Merlin Marr-Johnson, President and CEO of Fitzroy, commented: "I am delighted that we continue to see good results from Buen Retiro. This time the intersections close to surface at Buen Retiro include intercepts of 59 metres at 1.73% Cu in drill hole 52 and 76.0 m at 0.74% Cu in drill hole 62.
Results of this calibre, news release after news release, are the hallmark of a well mineralized system. What makes it so valuable is that this is near-surface, leachable material, near infrastructure in Chile. We see a route to near-term copper cathode production with reduced capital requirements and reduced permitting timelines. One plan currently being evaluated, is to produce a soluble copper sulphate concentrate at site which could then be trucked and processed into copper cathode at any of the three Electro-Win ("EW") plants within a 90 km radius.
Our success at finding more copper mineralization means that the drill program for the year has expanded to at least 22,000 metres. We look forward to keeping the market up to date with our progress at the project, not least through the drum-beat of monthly drill results releases."
Overview
Fitzroy has completed 67 drill holes for a total of 10,583 metres since the start of February 2026, comprising 49 infill drill holes, six geotechnical drill holes, and 12 exploration drill holes. The work aiming to define mineralization that will contribute to a maiden mineral resource estimate for the Project, centred on the Southwest Area, keeps getting pushed out as more mineralization is found. Currently two rigs are testing the extension of the Southwest Area with step-outs to the northwest and to the southeast.