Fitzroy Minerals Identifies Large Conductive Anomalies at Caballos Copper Project, Chile
Fitzroy Minerals reports that a MobileMT survey at its Caballos copper project in Chile has linked multiple large conductive anomalies to copper-molybdenum-gold drill intercepts, suggesting a porphyry-related hydrothermal system and potential for a district-scale mineralizing system.
Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF) has released results from a helicopter-borne MobileMT survey at its Caballos copper project in Chile's Valparaiso Region, identifying multiple conductivity and resistivity anomalies interpreted as porphyry-style hydrothermal systems directly connected to mineralization intersected in 2025 drilling.
The survey, conducted by Expert Geophysics Services Inc. (EGS), covered 694 line-km over 194 km², including a 200 m spacing infill over the Central Target area. Key findings include a large circular conductive feature approximately 5 km in diameter, interpreted as a porphyry-related hydrothermal system linked to copper-molybdenum-gold-rhenium mineralization at the Chincolco Prospect. Additionally, linear conductive anomalies extending 2.5 km southeast from drill hole CAB-DDH004A suggest a continuation of mineralization just below a 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. The standout anomaly is a huge circular feature about five kilometres across that connects to the sulphide mineralization we intersected in drilling last year."
The survey also identified a north-south conductive corridor along the Pocuro Fault Zone, extending 14 km, interpreted as a crustal-scale permeable structure for mineralizing fluids. Further north, resistivity patterns similar to those at El Teniente and La Huifa deposits were observed, supporting the district-scale potential.
These results enhance Fitzroy's understanding of the Caballos system. The company plans to conduct a 3D inversion of key areas, a Deep IP survey in Q2 2026 to measure chargeability, and integrate data for AI-enhanced target ranking ahead of drilling. Fitzroy aims to fund exploration through future cash flow from its Buen Retiro Heap Leach operation, as noted in the company's website.
Dr. Scott Jobin-Bevans, a Qualified Person under NI 43-101, has reviewed and approved the technical information. The company also granted 5,770,000 stock options to directors, officers, and consultants at $0.50 per share until April 29, 2031.