お知らせ • Jan 14
Fitzroy Minerals Inc. Provides an Update on Exploration Progress at its Buen Retiro and Caballos Copper Projects in Northern Chile
Fitzroy Minerals Inc. provided an update on exploration progress at its Buen Retiro and Caballos copper projects (the "Copper Projects") in northern Chile. The latest results from Caballos show that are onto a robust copper-molybdenum-gold system with multiple phases of mineralization and many of the signature features of classic Chilean porphyry copper deposits. Phase 2 drilling is scheduled for later in the year once the geophysical data is integrated into geological model. Drilling Results. Diamond drilling in both Chincolco (drill holes 4A and 9) and at Mule Hill (drill holes 7 and 8) intersected volcanic and intrusive rocks that have been overprinted by multiple tectonic, hydrothermal, and mineralizing events. Drill core assay results from CAB-DDH004A, CAB-DDH007 and CAB-DDH008, Caballos Copper Project, Valparaiso, Chile. Drill Hole, E (m) (WGS84), Azimuth /Dip, From (m), To (m), TInterval (m), 1CuEq (%), Cu (ppm), Au (g/t), CAB-DDH004 A, 352235, 6427560, 270/-80, Assays are pending for drill holes 40 to 45, with delays reported from the laboratory due to high demand. An 11,000 metre reverse circulation ("RC") drilling campaign is also nearing completion, which includes some condemnation drill holes (2,050 m) and testing of proposed pad and lay-out areas. A ground geophysical survey is planned, to assist with sulphide drill-targeting at depth. Specifically, the QP verified selected laboratory assay results against the reported drill core intervals as well as drill core logs against the geology, as supplied by the Company. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators, including without limitation, the dangers inherent in exploration, development and mining activities; actual exploration or development plans and costs differing materially from the Company's estimates; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; fluctuations in exchange rates; the availability of financing; operations in foreign and developing countries and the compliance with foreign laws, remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; challenges to title or surface rights; the dependence on key personnel and the ability to attract and retain skilled personnel; the risk of an uninsurable or uninsured loss; adverse climate and weather conditions; litigation risk; and competition with other mining companies. As a result of these risks and uncertainties, and the company's risks and uncertainties, and the Company's risk of these risks and uncertainties, the risks and uncertainties, and the risk of these risks and uncertainties.