Fitzroy Minerals Inc. (TSXV: FTZ, OTCQB: FTZFF) announced the start of a 750 line-kilometre mobile magnetotelluric (MobileMT) heliborne survey at its Caballos Copper Project in Valparaiso, Chile. The survey, conducted by Expert Geophysics Surveys Inc., is expected to cover the entire property within two days, with interpreted results anticipated in March 2026.
MobileMT is a geophysical technology that aids in identifying subsurface geologic structures, alteration halos, and contrasting lithologies. The survey also includes complementary VLF-EM data, which provides near-surface electromagnetic information. Combining these methods should identify deep-seated faults, lithological contacts, and structures controlling mineral systems from the surface to depths of approximately 1 km to 2 km, depending on the conductivity distribution of the local geology.
Merlin Marr-Johnson, President and CEO of Fitzroy Minerals, stated: "We expect the MobileMT data will provide a three-dimensional image of the Caballos Project area, including under the younger volcanic rocks to the east. We hope the survey will assist us in tracing the outline of the mineralized breccias already intersected through drilling. Further, we hope the survey helps us to vector towards the origin of the mineralized breccias that themselves contain clasts of mineralized porphyry rocks." He added that MobileMT is known for identifying areas of electrically conductive sulphides potentially linked to mineralized porphyry intrusive centres, and resistive bodies representative of intrusions.
The survey is a critical step in advancing the Caballos Copper Project, as it aims to provide a comprehensive 3D model of the subsurface, which could reveal new targets for copper mineralization. The property is located in a region known for copper porphyry deposits, and the results from this survey could significantly de-risk future drilling programs.
Fitzroy Minerals is focused on exploring and developing copper-focused mineral assets in the Americas. The company's portfolio includes the Buen Retiro Copper Project near Copiapo, Chile, the Caballos Copper and Polimet Gold-Copper-Silver projects in Valparaiso, Chile, the Taquetren Gold Project in Rio Negro, Argentina, and the Caribou Project in British Columbia, Canada. For more information, visit the company's website at www.fitzroyminerals.com.
The company cautions that forward-looking statements in this news release involve risks and uncertainties, including those related to exploration and development activities, permitting, environmental regulations, and financing. Readers are referred to the company's filings on www.sedarplus.ca for more details.
