(via TheNewswire)
Highlights:
Mapping and sampling underway ahead of drilling at the
Caballos Copper Project (Chile ).QA/QC checks underway on an XRF-based soil geochemical survey at the
Polimet Au-Cu-Ag Project (Chile ) to validate a low-cost and time-efficient exploration tool.New discovery extends the Irma gold-bearing vein system to a strike length of four kilometres, at the
Taquetren Gold Project (Argentina ).
Meanwhile, in
At Caballos, mapping and sampling are underway, ahead of a planned drilling program in H2 2024. The team is focusing on the
Historical soil and rock sampling indicates a copper anomaly, partially mirrored in molybdenum and gold chemistry, along 1,200 m of strike. The geological anomaly is present as a felsic intrusive, with potassic alteration, stockworks and copper mineralization. The geophysical anomaly is evident in a chargeability feature that was present in both of the previous induced-polarisation (IP) surveys.
Current mapping and sampling aims to better characterize the geology and the controls on surface mineralization at Cerro Las Mulas and within the much larger
A soil geochemistry survey was completed by the Project vendor at the
Fitzroy Minerals sees significant time and cost advantages of continuing to use these established XRF soil geochemistry methods. Accuracy limits to an XRF analyser means that Fitzroy Minerals will be looking for copper or indirect pathfinder element anomalies in the data. As previously reported (see Company news release
Fitzroy Minerals and Fitzroy Minerals’ Qualified Person, Dr.
Next steps will include geochemistry, geophysics and geology. The geochemistry will focus on soil surveys, hopefully using low-cost and time-efficient XRF methods. The geophysical program may include a selection of induced polarisation, spectral analysis, and magnetometry surveys. In terms of geology, the focus will be detailed structural mapping. Mineralization at Polimet is expected to be best developed at elevations between 1,000 metres and 1,600 metres above sea level and concentrated in high-grade pay-shoots. Pay-shoots in the epithermal mineralization of the
In the news release dated
The infill soil survey consisted of sampling on lines spaced 100 m apart and taking samples every 25 m over the main geochemical anomalies at the Centro and Irma prospects. The infill lines means that the Centro and Irma prospects now have a soil grid on a 50 m x 25 m spacing. The final results are anticipated in the coming weeks.
Figure 1. Proposed in-fill grid, Irma, Taquetren | Figure 2. Proposed in-fill grid, Centro, Taquetren |
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Geological reconnaissance was carried out to the southwest of Taquetren, following up on features seen in scout mapping. The work has discovered a vein system approximately three kilometres southwest of Irma. The veins have similar characteristics to those at Irma and are also hosted by the Taquetren Formation, although with a slightly higher content of disseminated sulphides. The quartz veins host pyrite and lesser arsenopyrite. The veins strike in the same NE-SW direction and dip to the NW. The veins, which do not outcrop and are largely covered with soil, are discontinuous along strike and vary in thickness between 0.30 and 1.10 metres.
A few of the quartz veins are composed of “milky” to saccharoidal quartz and with grey silica, associated with sulphides (2% pyrite +/- arsenopyrite), and occasionally banded texture. NNW-SSE trending veins of crystalline and massive calcite are common in the Irma West area. In the centre of some of these calcite veins, what is interpreted as a later pulse of white silica is present. Lattice-bladed textures are present in some cases. Soil depths in
In summary, the geological characteristics in
Results dependent, potential next steps may include geological reconnaissance to the north of
Qualified Person
Figure 3. Taquetren map of gold prospects and quartz veins identified at Irma and |
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About Fitzroy Minerals
Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the
On behalf of
President and CEO
For further information, please contact:
mmj@fitzroyminerals.com
+1 604-505-4554
For more information on Fitzroy Minerals, please visit the Company's website:www.fitzroyminerals.com
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