Wide Copper Mineralization Intervals From Buen Retiro Copper Project

VANCOUVER – Fitzroy Minerals Inc. reported on exploration progress at its Buen Retiro and Caballos copper projects. Buen Retiro Highlights: 1) Drill hole BRT-DDH045: 384 m @ 0.22% Cu from 4 m, including 94 m @ 0.33% Cu from 30 m. 2) Infill drilling underway to allow for a maiden mineral resource estimate ahead of a PFS. 3) A 2,800 kg bulk sample ready for heap leach metallurgical test work.  4) Fleet Space Technologies passive seismic survey to start soon.  
At the Caballos Copper Project, the airborne MobileMT geophysical survey is complete, with data currently being interpreted.
Merlin Marr-Johnson, President and CEO, said, “Drill hole 45 intersected copper in two distinct mineralizing styles on a large scale in the North area of the Buen Retiro property. It is also located three kilometres north-northeast of the high-grade copper oxide mineralization in the Southwest area. Combined with large, coincident geophysical anomalies, there is now compelling evidence that Buen Retiro is a major copper system.
Crucially, Buen Retiro is at low elevation, on a brown-fields site four kilometres from the Pan-American Highway and associated high voltage transmission lines, close to the coast where a proposed desalination plant has a seawater extraction licence, and close to the mining centre of Copiapo with its mining services and large labour pool.  In an industry with decreasing discovery rates Fitzroy aims to leverage potential future cash flow from the proposed Buen Retiro Heap Leach copper operation to fund the continued exploration for major copper deposits in Chile with minimal dilution.”