Fitzroy Drills 92.5 m at 0.53% Cu, Total Metals Seals Pick Lake Deal
Fitzroy Minerals intercepted 92.5 m grading 0.53% copper from 3.5 m depth in two-rig definition drilling at the Buen Retiro project, advancing towards a maiden resource estimate and initial economic study. Total Metals finalized a 100% interest acquisition in the high-grade Pick Lake critical minerals property, GMV Minerals began core drilling over a 1,000 m strike at Mexican Hat, and Nortec Minerals named Tom Baechler as VP Exploration.
1. Fitzroy Minerals Definition Drilling Update
Fitzroy Minerals intercepted 92.5 m grading 0.53% copper starting at 3.5 m depth during two-rig definition drilling at the Buen Retiro project in Copiapó, Chile, supporting a maiden mineral resource estimate and initial economic study. Metallurgical test work for the pre-feasibility study and an Ambient Noise Tomography survey are also underway.
2. Total Metals Pick Lake Acquisition
Total Metals completed a purchase and sale agreement on April 15, 2026, acquiring a 100% interest in the Pick Lake critical minerals property from Frontier Energy and its subsidiary. The high-grade asset in NW Ontario aligns with the company’s strategy to advance Canadian critical mineral projects in Tier 1 jurisdictions.
3. GMV Minerals Mexican Hat Drilling Commencement
GMV Minerals mobilized drills at the Mexican Hat gold deposit in southeast Arizona, initiating core drilling across a 1,000 m strike and 400 m true width from near surface to 1,185 m elevation. This confirmatory program will test key zones ahead of resource modeling.
4. Nortec Minerals Exploration Leadership Appointment
Nortec Minerals appointed geologist Tom Baechler, P.Geo, as Vice President of Exploration to lead its exploration strategy and field operations. Baechler brings extensive experience in North American base and precious metals exploration.