Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) has released results from a helicopter-borne MobileMT airborne electromagnetic and magnetic survey at its Caballos Project in Chile’s Valparaíso Region, revealing large conductive anomalies linked to copper-molybdenum-gold mineralization from 2025 drilling. The survey, conducted by Expert Geophysics Services Inc. (EGS), covered 694 line-kilometers over approximately 194 square kilometers, including a 200-meter spacing infill over the Central Target area.
The standout feature is a circular strongly conductive anomaly approximately 5 kilometers in diameter, interpreted as a porphyry-related hydrothermal system directly connected to mineralization at the Chincolco Prospect. Drilling in 2025 intersected 176 meters of 0.31% copper, 249 ppm molybdenum, and 0.04 g/t gold (0.47% copper equivalent) from 156 meters in hole CAB-DDH004A. The survey also identified linear conductive anomalies extending 2.5 kilometers southeast from this drill hole, suggesting the mineralized system may continue under thin volcanic cover.
Merlin Marr-Johnson, President and CEO of Fitzroy Minerals, stated: “The MobileMT survey shows that Caballos hosts the type of plumbing architecture and conductive anomalies that are often associated with world-class mineral systems in Chile.” He noted that the standout anomaly connects to sulphide mineralization intersected in drilling, with conductive anomalies suggesting the Chincolco mineralization might continue for several kilometers south just below the surface.
Further north, resistivity patterns comparable to those at major deposits like El Teniente and La Huifa were observed, supporting the interpretation of a district-scale mineralizing system. A prominent north-south conductive corridor extending 14 kilometers along the Pocuro Fault Zone was also identified, interpreted as a potential pathway for mineralizing magmatic fluids.
The company plans to follow up with 3D inversion, AI-enhanced data processing, and a deep induced polarization (IP) survey in Q2 2026 to gain chargeability information and refine drill targets. Future cash flow from the Buen Retiro Heap Leach operation is expected to fund non-dilutive exploration drilling.
In addition, Fitzroy Minerals granted 5,770,000 stock options to directors, officers, and consultants at $0.50 per share, exercisable until April 29, 2031. The grant is considered a related party transaction but is exempt from formal valuation and minority shareholder approval requirements under MI 61-101.
Dr. Scott Jobin-Bevans, a qualified person under NI 43-101, has reviewed and approved the technical information in this release. For more information, visit the Company's website at www.fitzroyminerals.com.
