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FMR Resources (ASX:FMR) is well on track to test a “genuine high-quality porphyry target” at its Llahiun Project joint venture, lining up fourth-quarter drilling plans after refining a large, deep-seated target at Southern Porphyry.
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The explorer reprocessed multiple geophysical datasets at the southern Llahiun prospect and came up with a target “consistent with a large copper system.”
This magnetic body lies to the south of the FMR’s original target. A high amplitude MT resistivity anomaly lies to the north; data suggests it overlaps the IP low resistivity anomalies already found to the east and west.
With all this data in hand, FMR managing director Oliver Kiddie believes the company now has “a much sharper set of targets” to go after at the prospect.
“The alignment between the magnetics, MT, and IP datasets, combined with the alteration and geochemical signatures we have mapped at surface and in historic drillholes, is compelling,” Mr Kiddie declared today.
“And, [the results] are exactly what we want to see to guide Phase One drill targeting.”
HotCopper understands drilling should start at Llahiun by early October.
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Field mapping completed in June and July already identified argillic alterations, silification, and epithermal quartz veining at the surface. Zones of secondary copper mineralisation assemblages typical of the upper levels of a copper porphyry system had already been spotted earlier this year, too.
FMR heads into Wednesday trade selling at 40cps.
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