FMR’s Goshen Drilling Opens Multiple Questions on Copper System Extent
FMR Resources has reported encouraging initial assay results from its Goshen drilling at the Fairfield Copper Project in Canada, confirming a mineralised copper system open in multiple directions. Further assays and integrated geophysical analysis are underway to refine exploration targets.
- First assays from Goshen drill hole GSH-25-001 confirm copper mineralisation
- Significant intersections include 7m at 0.47% copper and 1m at 1.3% copper plus silver
- Mineralisation remains open along multiple directions with further assays pending
- Integration of Gradient-array Induced Polarisation geophysics planned to target new zones
- Exploration partly funded by New Brunswick Junior Mining Assistance Program
Initial Assay Results Confirm Mineralised System
FMR Resources Limited (ASX – FMR) has announced the first assay results from its recent drilling campaign at the Goshen area within its 100% owned Fairfield Copper Project in New Brunswick, Canada. The initial hole, GSH-25-001, returned encouraging copper mineralisation intersected at relatively shallow depths, confirming the presence of a polymetallic system beneath historic drilling.
Key intersections include 7 metres grading 0.47% copper with an internal 1 metre zone at 1.3% copper plus 8 grams per tonne silver, starting from 85 metres downhole. Additional zones of copper mineralisation were also identified, including 2 metres at 0.67% copper from 108 metres. These results validate visual logging and XRF readings taken during drilling and suggest the mineralised system is hosted within oxidised red bed sediments, primarily as chalcocite.
Open Mineralisation and Further Assays Pending
Importantly, the mineralisation remains open in multiple directions, with further assays awaited from surrounding drill holes where thinner zones of mineralisation were visually identified. These additional results, expected later in the first quarter of 2026, will help define the extent and orientation of the copper-bearing zones.
FMR’s Managing Director, Oliver Kiddie, highlighted the significance of these findings, noting that the results confirm a mineralised system that is open for expansion. The company plans to leverage recent Gradient-array Induced Polarisation (GAIP) geophysical survey data to refine structural and geological models at Goshen, aiming to identify further target horizons across the project area.
Strategic Use of Geophysics and Government Support
The integration of geophysical datasets, including GAIP, gravity, and magnetic surveys, is expected to enhance the understanding of the subsurface geology and guide future drilling programs. The company intends to use the geophysical response adjacent to the confirmed mineralisation to target similar features elsewhere in the project area.
Exploration at Goshen benefits from the New Brunswick Junior Mining Assistance Program, which provides funding covering up to 50% of eligible exploration costs. FMR has secured C$40,000 in government incentives to support ongoing activities, underscoring the regional commitment to advancing mineral exploration.
Looking Ahead
With the first assays confirming the presence of copper mineralisation and further results pending, FMR Resources is positioned to advance its exploration strategy at Fairfield. The company’s methodical approach, combining drilling with sophisticated geophysical analysis and supported by government funding, aims to unlock the full potential of this sediment-hosted copper system within the prolific Appalachian Belt.
Bottom Line?
FMR’s initial drilling success at Goshen sets the stage for expanded exploration and potential resource definition in 2026.
Questions in the middle?
- What will the pending assay results from surrounding holes reveal about the extent of mineralisation?
- How will integrated geophysical data refine target zones and influence future drilling plans?
- What are the timelines and criteria for advancing from exploration to resource estimation at Fairfield?
