FMR Resources (ASX:FMR) has clocked high-grade copper malachite rock chips at its Fairfield project.
Assays were received from the Demoiselle, Lower Cape, and Tantramar prospects with high-grade rock chips at the latter coming in at 44% copper and 28% copper in two separate samples.
Silver mineralisation was also detected in rock chips which tend to boast higher grades due to their nature of being visible by the naked eye at surface. Silver grades on those two aforementioned samples came in at 157g/t and 81g/t respectively.
At the Demoiselle prospect, grades were lower – rock-chips boasted 0.9% copper, but for rock chips, that doesn’t mean much. Those samples were taken nearby a historical drillhole that turned up a 9.2m intersection at 0.8% copper.
It appears Lower Cape is the prospect on the backburner: the company said it’s treating that prospect area as “an additional target for further investigation.”
At the same time as the rock chip data has been delivered on Thursday, the company described as “80% complete” its airborne electromag survey over the Fairfield project acreage.
“It is especially encouraging to see the very high grade results at Tantramar replicated in these new samples,” company NED Bill Oliver said.
“Our field team has done a great job covering the project area and we are looking forward to integrating the geophysical data with these assay results to generate and prioritise targets for drilling in early Q1 2025.
“We continue to identify high grade copper mineralisation at surface across the Fairfield Project demonstrating the opportunity which exists here.”
FMR last treaded at 19cps.
Join the discussion: See what HotCopper users are saying about FMR Resources and be part of the conversations that move the markets.
he material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
