FMR Starts 1,500m Drill Program Targeting Copper at Demoiselle Prospect
FMR Resources has initiated a 1,500-metre drilling campaign at its Fairfield Copper Project in Canada, targeting extensions of known copper mineralisation at the Demoiselle prospect. Results are expected within weeks, potentially advancing the company’s position in a prolific copper belt.
- 1,500m reverse circulation drilling underway at Demoiselle prospect, Fairfield Project
- Targets based on historical drilling and recent airborne EM survey anomalies
- Previous intersections include 8.1m at 0.9% Cu and 21.8m at 0.3% Cu
- Drilling program expected to last one month with assays to follow shortly
- FMR also advancing REE exploration at Fintry and reviewing new acquisition opportunities
Drilling Commences at Fairfield Copper Project
FMR Resources Limited (ASX:FMR) has officially commenced a significant 1,500-metre reverse circulation (RC) drilling program at its 100% owned Fairfield Copper Project in New Brunswick, Canada. The program is focused on the Demoiselle prospect, a site with promising historical copper and silver mineralisation intersected in previous drilling campaigns.
The drilling aims to test extensions of mineralisation along an interpreted east-west trend, stepping out from known intersections and probing new targets identified through FMR’s recent airborne electromagnetic (EM) survey. Notably, earlier drilling at Demoiselle returned encouraging results such as 8.1 metres grading 0.9% copper and 7 grams per tonne silver from 12 metres depth, including a high-grade 0.3 metre interval at 10.5% copper.
Strategic Positioning in a Prolific Copper Belt
The Fairfield Project is strategically located within the Appalachian Copper-Gold Belt, a region renowned for its rich copper deposits including the nearby Dorchester sediment-hosted copper deposit. FMR’s tenements cover 93.6 square kilometres over more than 20 kilometres of prospective geological structures, positioning the company well to leverage modern exploration techniques on historically underexplored ground.
FMR’s drilling contractor, GroundTruth Drilling, is expected to complete the program within four weeks, with assay results anticipated shortly thereafter. These results will be critical in validating the potential for a significant copper discovery and guiding subsequent exploration phases.
Broader Exploration and Growth Prospects
Beyond Fairfield, FMR is also advancing exploration at its Fintry Rare Earth Elements (REE) Project in Ontario, where hyperspectral data analysis is guiding target selection for 2025 fieldwork. The company continues to evaluate acquisition and investment opportunities to diversify its commodity exposure, aiming to build a balanced portfolio of battery and critical minerals assets.
Non-Executive Director Bill Oliver expressed optimism about the drilling campaign, highlighting the team’s readiness and the strategic importance of the Demoiselle prospect. The market will be watching closely as assay results emerge, potentially marking a pivotal moment for FMR’s growth trajectory.
Bottom Line?
FMR’s drilling results at Fairfield could unlock a new chapter in copper exploration within a proven Canadian belt, with broader implications for its portfolio strategy.
Questions in the middle?
- Will the upcoming assay results confirm extensions of high-grade copper mineralisation at Demoiselle?
- How might FMR’s REE exploration at Fintry complement its copper-focused assets?
- What new acquisition targets is FMR considering to diversify its commodity exposure?
