FMR Secures GroundTruth for 1,500m RC Drilling at Fairfield Starting February

FMR Resources Secures Drilling Contractor

FMR Resources Limited (ASX:FMR) has taken a significant step forward in its exploration campaign by engaging GroundTruth Drilling to undertake its inaugural drill program at the Fairfield Copper Project in New Brunswick, Canada. The contract follows the successful completion of all necessary regulatory approvals and land access agreements, clearing the way for drilling to commence in mid-February 2025.

Targeting High-Grade Copper-Silver Mineralisation

The planned 1,500-metre reverse circulation (RC) drilling program will focus on the Demoiselle prospect, where historical drilling has already revealed encouraging copper and silver mineralisation. Notably, previous intersections include 8.1 metres at 0.9% copper and 7 grams per tonne silver from 12 metres depth, with a high-grade segment of 0.3 metres at 10.5% copper and 31 grams per tonne silver. Another significant intercept was 21.8 metres at 0.3% copper and 3 grams per tonne silver from 79.2 metres.

These results provide a compelling foundation for FMR’s maiden drilling, which aims to confirm and extend these mineralised zones. Additionally, the program will test new targets identified through FMR’s recent airborne electromagnetic (EM) survey, which highlighted potential extensions of mineralisation beyond previously drilled areas.

Strategic Location in a Proven Copper Belt

The Fairfield Project is situated within the prolific Appalachian Copper-Gold Belt, a region known for significant copper deposits such as the Gaspe and Green Bay deposits. Its proximity, within one kilometre, to the Dorchester sediment-hosted copper deposit, which has historic production grades averaging near 1% copper, underscores the project’s potential. The geological setting, involving mineralisation at the unconformity between the Boss Point and Hopewell formations, is analogous to other major sediment-hosted copper districts worldwide.

Operational Readiness and Next Steps

GroundTruth Drilling will deploy a track-mounted RC rig, chosen for its mobility and minimal environmental footprint. The drilling campaign is expected to take approximately four weeks, with assay results anticipated six to eight weeks post-completion. FMR’s management expressed optimism about the upcoming program, highlighting the excitement of drilling a new project and the potential to replicate or extend the high-grade zones identified historically.

Beyond Demoiselle, the company plans to test additional anomalies at regional prospects including Demoiselle South and Lower Cape, leveraging modern exploration techniques to unlock further value from the 93.6 square kilometres of tenements held.

Broader Implications for FMR Resources

This maiden drilling program represents a critical milestone for FMR Resources as it transitions from exploration groundwork to active resource delineation. Success here could significantly enhance the company’s profile within the copper exploration sector and attract further investment interest, especially given the global demand for copper driven by electrification and renewable energy trends.