Llahuin Drillhole Hits 1.7% Copper in Epithermal Zone Above Porphyry Target
FMR Resources advances its copper-gold exploration with significant drilling progress at Chile’s Llahuin Project and maiden drilling success in Canada’s Goshen Prospect, supported by strong financial footing and strategic leadership changes.
- First drillhole at Llahuin’s Target A intersects mineralised epithermal zone above porphyry copper system
- Ongoing 4,000m diamond drilling program at Southern Porphyry target with second hole underway
- Maiden drilling completed at Goshen Prospect, revealing shallow copper mineralisation
- Appointment of Cameron Peacock as Non-Executive Director strengthens board
- Cash position remains robust at AUD 4.54 million as exploration expenditure continues
Exploration Breakthrough at Llahuin
FMR Resources Limited (ASX, FMR) has reported encouraging progress in its December 2025 quarterly activities, notably at the Llahuin Project in central Chile. The company’s first drillhole at Target A intersected a mineralised epithermal zone, confirming the presence of a vertically extensive porphyry copper system beneath. This discovery supports the broader geological model suggesting a significant copper-gold porphyry system at depth, a potential game-changer for the Southern Porphyry joint venture with Southern Hemisphere Mining Ltd.
The maiden drillhole, 25LLDD0070, revealed copper grades peaking at 1.7% within epithermal veins, alongside key hydrothermal indicators such as chalcopyrite-filled veins and anhydrite-pyrite veining. These features are consistent with the outer alteration halo of a mineralised porphyry centre, although the main mineralised core remains to be intersected. The ongoing 4,000-metre diamond drilling program aims to further delineate this system, with a second drillhole underway at Target C, designed to test shallower geophysical anomalies.
Canadian Exploration Advances at Goshen and Fintry
Across the Pacific, FMR completed maiden drilling at the Goshen Prospect within its Fairfield Project in New Brunswick, Canada. Initial results indicate shallow copper mineralisation coincident with induced polarisation chargeability anomalies and historic soil geochemistry, extending known mineralised zones. The company drilled seven holes totaling 1,781 metres, intersecting sedimentary packages with disseminated sulphides, awaiting assay results to confirm copper grades.
Additionally, a detailed UAV drone magnetics survey is planned for the Fintry Project in Ontario, targeting rare earth element (REE) enriched intrusive units. This survey, scheduled for the winter months, aims to refine exploration targets within the alkalic complex, complementing previous hyperspectral data.
Corporate and Financial Position
FMR strengthened its leadership team with the appointment of Cameron Peacock as Non-Executive Director, replacing William Oliver, alongside Maddison Cramer as Company Secretary. The company also settled Tranche 2 of its recent placement, maintaining a solid cash balance of AUD 4.54 million at quarter-end. Exploration expenditure for the quarter was AUD 2.089 million, reflecting active investment in advancing its projects.
FMR’s strategic focus on battery and critical minerals aligns with global trends toward sustainable energy solutions, positioning the company to capitalise on emerging market demands. The Llahuin Project’s proximity to infrastructure and established mining districts in Chile further enhances its development potential.
Looking Ahead
With assay results from key drillholes pending and geophysical data integration underway, FMR Resources is poised to refine its exploration targets and prioritise follow-up drilling. The company’s dual-continental approach, combining copper-gold and critical minerals exploration, underscores its diversified growth strategy amid evolving commodity markets.
Bottom Line?
FMR’s latest drilling success at Llahuin sets the stage for a potentially transformative copper discovery, with upcoming assay results and further drilling poised to define the project’s true scale.
Questions in the middle?
- Will forthcoming assay results confirm the extent and grade of the porphyry copper system at Llahuin?
- How will the integration of downhole geophysics refine drilling targets and exploration strategy?
- What are the next steps for advancing the Goshen Prospect based on initial drilling and geophysical data?
