FMR Resources (ASX:FMR) has commenced drilling operations at Target K, a move driven by data integration from its ongoing exploration program.
The new drill site was identified following a comprehensive analysis of Targets A and C, which helped the company refine its understanding of the Southern Porphyry system.
Managing Director Oliver Kiddie noted that Target C provided "critically important" geological and geophysical information, allowing the team to pinpoint what they believe is the core of an extensive porphyry system.
The exploration at Target K is being guided by a combination of structural, alteration, and geophysical vectors.
Meanwhile, the company has completed downhole geophysical probing at Target C, with the resulting data currently being integrated into existing magnetotelluric, induced polarisation, and magnetic models to further sharpen their exploration strategy.
At the time of reporting, FMR Resources’ share price was $0.23.