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- Preliminary interpretation defines multiple sulphide targets
- Central target spatially associated with the known mineralised structure
- Northeastern target considered likely related to nearby La Lorena VI magnetic anomaly
- Results continue to strengthen compelling drill targets
FMR Resources (ASX:FMR) has identified a number of sulphide targets to follow-up in an ongoing induced polarisation (IP) survey at the La Martuca prospect within the recently acquired La Lorena project in central Chile.
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The survey is designed to identify sulphide-rich zones associated with the mineralised hydrothermal system recognised from geological mapping, historical underground workings, recent rock chip sampling and a recently completed helicopter magnetic survey.
Six IP survey lines are planned across the prospect, with four lines now been completed, with the remaining lines scheduled for completion shortly.
MD, Oliver Kiddie, said preliminary interpretation has already identified two significant chargeability anomalies that are interpreted as sulphide targets.
“These early IP results continue to strengthen our confidence in the exploration model developing at La Lorena,” he told shareholders.
“The survey has identified two significant sulphide targets to date. One occurs directly beneath the historical La Martuca artisanal workings and is spatially associated with the mineralised structure exposed underground, and our recently reported high-grade copper-gold rock chip results.
“The second target occurs approximately 550 metres northeast of La Martuca and is considered likely to be related to the nearby La Lorena VI magnetic anomaly identified by our recent helicopter magnetic survey.
“The coincidence of these independent geophysical anomalies provides another compelling target for follow-up exploration.
“As we continue integrating the IP, magnetic, and geological datasets, we are rapidly refining what we believe is an emerging pipeline of high-quality drill targets within what has the potential to be a large-scale copper-gold system.”
A strong chargeability anomaly has been defined directly beneath the historical La Martuca mine workings.
The anomaly is spatially associated with the principal mineralised structure exposed in the underground workings and coincides with the area where FMR has reported high-grade copper-gold rock chip results.
M Kiddie said the company considers this relationship particularly encouraging as it suggests the mineralised structure continues beneath the historical workings and may represent a larger sulphide system at depth.
A second and larger chargeability anomaly has been identified approximately 550m northeast of the La Martuca workings.
The full extent and geometry of this target will be assessed following completion of the remaining IP survey lines and three-dimensional inversion modelling.
FMR is steady at 35.0¢ with a Mkt cap $17.62M prior to markets opening.
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