FMR Resources Confirms Copper Mineralised System at Goshen Prospect

Applyflow Limited ( (AU:FMR) ) has provided an update.

FMR Resources has reported the first assay results from drilling at the Goshen prospect within its Fairfield Copper Project in New Brunswick, confirming shallow copper mineralisation below historical drilling. The initial hole GSH-25-001 returned intersections including 7 metres at 0.47% copper and 1 metre at 1.3% copper with silver credits, supporting the presence of a polymetallic system that remains open in multiple directions.

Assays from surrounding holes in the seven-hole program are still pending, but the confirmed mineralised zones in red-bed sediments provide early encouragement for the project’s exploration potential. The company plans to undertake additional geophysical work to refine structural and geological models at Goshen, aiming to identify further mineralised targets and guide future exploration decisions at Fairfield.

The most recent analyst rating on (AU:FMR) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Applyflow Limited stock, see the AU:FMR Stock Forecast page.

More about Applyflow Limited

FMR Resources Limited is an Australian-listed mineral exploration company focused on copper and polymetallic projects. The company’s primary asset in this update is the 100% owned Fairfield Copper Project in New Brunswick, Canada, where it is targeting sediment-hosted copper mineralisation in a red-bed geological setting.

Average Trading Volume: 169,167

Technical Sentiment Signal: Sell

Current Market Cap: A$11.33M

Learn more about FMR stock on TipRanks’ Stock Analysis page.