Fitzroy Minerals (TSXV:FTZ) - Two World Class Copper Projects in Chile

*Interview with Gilberto Schubert, COO Our previous interview: Recording date: Fitzroy Minerals: Dual Discovery Strategy in Chile's Copper Belt Fitzroy Minerals is advancing two promising copper projects in Chile's prolific mining region, led by experienced COO Gilberto Schubert, a geologist with 25+ years in Chilean mining and a track record of taking projects from discovery to production in just five years. Buen Retiro Project - Advanced Oxide Discovery Buen Retiro represents a significant near-surface oxide copper discovery with exceptional infrastructure advantages. Recent drilling delivered outstanding results, including hole 22 which intersected spectacular mineralization in the southwest zone. The project now shows a continuous mineralized trend exceeding 800 meters, potentially extending to 1,000 meters, with central sections over 100 meters thick. The deposit consists primarily of easily processed green oxides and tenorite (black copper oxide), sitting almost at surface with minimal overburden. Local artisanal miners have discovered extraordinary "reic" material - a framework of cuprite, chalcocite and hematite averaging 30-40% copper grades, demonstrating the exceptional nature of the mineralization. Fitzroy has raised $12+ million and plans 12,000-16,000 meters of drilling this year across multiple trends spanning over 4 kilometers. The project benefits from proximity to Copiapó, main roads, and established infrastructure - critical advantages for rapid development. Caballos Project - High-Grade Porphyry System Kabayas represents a significant porphyry copper-molybdenum-gold discovery in an underexplored structural corridor. Schubert originally identified this project in 2005 during his time with Vale, recognizing its position along the 300-kilometer Pocuro mega-fault - a deep-seated structure hosting multiple hydrothermal systems. The first drill hole at the Chinkulko anomaly delivered exceptional results: 98 meters averaging 0.78% copper, 1,071 ppm molybdenum, and 0.12 g/t gold. Importantly, molybdenum grades nearly doubled surface sampling results, and gold showed continuous mineralization over 80+ meters where surface sampling was only sporadic. These molybdenum grades (1,071 ppm) significantly exceed typical Chilean porphyry averages of 200-400 ppm, with associated rhenium credits (~0.5 g/t) adding substantial value. In copper-equivalent terms, the molybdenum content effectively doubles the project's grade. Strategic Advantages & Development Pathway Both projects benefit from Chile's established small-to-medium scale mining ecosystem, where prefeasibility studies often suffice for development decisions. Schubert's previous experience taking a complex metallurgical project from first drill hole to production in five years provides a proven development template. The company plans aggressive 2024 drilling campaigns at both projects, with 3,000 meters planned at Kabayas using multiple rigs and helicopter support. Fitzroy is strategically positioned in Chile's coastal range - identified as the most prospective region for new discoveries due to superior infrastructure access and development timelines. Investment Highlights Dual discovery model reduces exploration risk Exceptional infrastructure positioning near Copiapó Proven management team with development track record High-grade results at both projects with significant expansion potential Strategic location in Chile's most active discovery belt Well-funded exploration programs through 2024 Fitzroy Minerals presents a compelling investment opportunity combining advanced-stage oxide deposits suitable for rapid development with high-grade porphyry discoveries in one of the world's premier copper jurisdictions. — Sign up for Crux Investor: https://cruxinvestor.com