FMR Resources (ASX:FMR) has commenced drilling at its 100% owned Fairfield Copper Project in New Brunswick, Canada.
“Here we go! It’s great to be able to announce that drilling is underway at Demoiselle and the board would like to thank our team on the ground in New Brunswick for work starting as scheduled. We look forward to seeing what comes out of the ground in the next month and will keep investors updated as we receive results from the assay labs," Non-Executive Director, Bill Oliver, said.
Experienced drilling contractor GroundTruth Drilling is carrying out the drilling at Fairfield on behalf of the company. Drilling is anticipated to take four weeks to complete, with assays likely to be received shortly following drilling. The 1,500 metre drilling programme has been designed and permitted to test mineralisation at the Demoiselle prospect including follow-up of historical results.
The drill program aims to test extensions to previously identified mineralisation at Demoiselle by drilling the interpreted east-west mineralised trend. Drilling will then step out from the known drilling intersections and also follow the strike extent of the deposit in previously undrilled areas targeting nomalies identified in FMR’s recent airborne EM survey.
The Fairfield Copper Project is located in the highly prospective Appalachian Copper-Gold Belt which is renowned as a well endowed copper-gold province with known deposits including the Gaspe Copper Deposit (owned by Osisko Metals (OSK.TO), historic production 141Mt at 0.9% Cu) and the Green Bay Copper Deposit (owned by Firefly Metals (FFM.AX), 39.2Mt at 1.8% Cu, 0.3 g/t Au as well as several gold deposits. Recent activity in the Appalachian Belt includes the acquisition of the York Harbour Deposit by Firetail Resources (FTL.AX) and the acquisition of the Chester Deposit by Raptor Resources.
