FMR Resources begins maiden drilling at La Lorena Project
- FMR Resources has launched its inaugural drilling programme at the 100%-owned La Lorena Copper-Gold Project in Chile.
- The exploration update aims to test targets beneath historical workings, with initial assay results expected in six to eight weeks.
- The drilling campaign forms part of the company's broader exploration strategy across its Chilean copper-gold portfolio.
FMR Resources (ASX:FMR) has commenced its maiden drilling programme at the 100%-owned La Lorena Copper-Gold Project in central Chile.
The maiden campaign follows recent geophysical and induced polarisation surveys that identified prominent chargeability targets beneath historical surface workings.
"Drilling of the first-ever drillhole at the La Lorena Project marks another important milestone for FMR only 5 months after securing the Project," said FMR Resources Managing Director Oliver Kiddie.
The company stated that assay results from this first stage are expected roughly six to eight weeks following the completion of the first drill hole.
Following the announcement, the FMR Resources share price was unchanged at $0.63.
The company has steadily built out its Chilean footprint, having recently acquired options over both the La Lorena and district-scale Los Warbos projects.
FMR Resources also continues to progress its nearby Llahuin joint venture as part of its focus on South American critical minerals.
