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Mining industry

FMR Resources Limited Finalises Drill Targets and Awards Contract for Maiden Phase I Drilling Program in Chile

Strategic Insights

— 1 min read

FMR Resources Limited has taken a significant step forward in its drilling program at the Southern Porphyry target, part of the Llahuin Project Joint Venture with Southern Hemisphere Mining Limited. The company has finalised drill targets and formally awarded the drill contract to Big Bear Drilling, a company with extensive experience in directional drilling techniques. This capability will enable FMR to extend drilling efficiency by completing daughter holes from parent holes, maximising geological information from each drill platform. Drilling is scheduled to commence in late September 2025, following submission of statutory approvals and the completion of site preparation activities.

Key Takeaways:

  • FMR Resources Limited has finalised drill targets and awarded the contract for the maiden Phase I drilling program at the Southern Porphyry target in Chile.
  • The contract has been awarded to Big Bear Drilling, who bring extensive experience in directional drilling techniques.
  • The Phase I drill program will comprise approximately 4,000 metres of diamond drilling designed to gain an initial understanding of the scale and geometry of what is interpreted to be an extensive copper porphyry system.
  • Target A and Target D have been prioritised for first pass testing, with planned hole depths of 1,600 metres and 1,000 metres, respectively.
  • The program has the flexibility to immediately drill follow-up holes from the same platform if significant mineralisation is intersected at Target A.
  • Each drillhole is envisaged to take 3 to 5 weeks to complete, depending on depth of target, with the program expected to take ~3 months to complete.
  • Samples will be submitted to ALS Santiago for assay on completion of each drillhole, with results expected 4 to 6 weeks post submission.

Statistics:

  • Approximately 4,000 metres of diamond drilling will be completed during the Phase I drill program
  • The program is expected to take ~3 months to complete
  • Each drillhole is envisaged to take 3 to 5 weeks to complete, depending on depth of target
  • Results from the assay are expected 4 to 6 weeks post submission
  • Target A is planned to a depth of 1,600 metres downhole
  • Target D is planned to a depth of 1,000 metres downhole

Sources:

  • FMR Resources Limited News Release, [no date cited, original text]
  • Big Bear Drilling, [no date cited, original text]

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