First assays from Goshen confirm mineralised copper system in Canada
FMR Resources (ASX: FMR) has received first assay results from its Q4 2025 drilling programme at the 100%-owned Goshen copper prospect in New Brunswick, Canada. The results confirm the presence of a mineralised polymetallic system at shallow depths.
GSH-25-001, the first of seven drillholes completed in the programme, returned 7m at 0.47% copper (including 1m at 1.3% copper + 8g/t silver) from 85m, alongside 2m at 0.67% copper from 108m. Assays from the remaining six holes are pending, with results expected later in Q1 2026.
Managing Director Oliver Kiddie stated the results demonstrate the Company has intersected a mineralised polymetallic system open in multiple directions. He noted additional geophysics will be investigated to expand structural and geological models, with the aim of identifying further mineralised target horizons across the project area.
Oliver Kiddie, Managing Director
“These initial results demonstrate we have intersected a mineralised polymetallic system, open in multiple directions.”
The intersections confirm mineralisation below historic drilling and validate the exploration thesis at Goshen, justifying further work at the prospect.
Understanding sediment-hosted copper deposits
Sediment-hosted copper mineralisation forms at the boundary where oxidised sediments (red beds) meet reduced sediments (grey beds). Copper is deposited at this redox interface, creating economic concentrations of chalcocite and other copper minerals within the sedimentary sequence.
This deposit type is globally significant. The Central African Copper Belt, the world’s largest district of sediment-hosted copper deposits, demonstrates the resource potential of this mineralisation style. Other examples in the Appalachian Belt include the past-producing Gaspé deposit (79.7Mt at 1.7% Cu, 0.4g/t Au) and Green Bay Copper (141Mt at 0.9% Cu).
The economic significance of sediment-hosted systems supports FMR’s exploration rationale at Goshen. These deposits have historically delivered large-scale, high-grade copper resources suitable for commercial extraction.
Goshen drilling results in detail
GSH-25-001 intersected mineralisation hosted in chalcocite within red bed sediments, sitting below historic drilling depths. The mineralisation remains open in multiple directions and has not been closed off by drilling.
| From (m) | To (m) | Interval (m) | Cu (%) | Ag (g/t) |
|---|---|---|---|---|
| 85 | 92 | 7.0 | 0.47 | 2.0 |
| incl. 88 | 89 | 1.0 | 1.30 | 8.0 |
| 108 | 110 | 2.0 | 0.67 | 0.2 |
| 189 | 191 | 2.0 | 0.19 | 0.9 |
The multiple mineralised zones span a vertical interval exceeding 100m, suggesting a robust system with exploration upside. Mineralisation is hosted in alternating sequences of conglomerates, microconglomerates, sandstones, greywacke, and mudstones, with copper primarily occurring as chalcocite in the red bed horizon.
All intersections are reported as downhole lengths. True widths are not yet known and will be determined following receipt of additional assays and structural analysis.
Additional assay results expected this quarter
Visual mineralisation was intersected in additional holes (GSH-25-002 to GSH-25-007), with assays currently being analysed. These intersections appeared thinner and less abundant in sulphides compared to GSH-25-001 but will assist in determining the orientation of the mineralised zone.
Results from these six holes are expected later in Q1 2026. The Company will use this data to refine its geological model and identify additional drilling targets.
The pending assays will provide critical information on the scale, continuity, and orientation of the mineralised system at Goshen.
Next steps and geophysical integration
Following receipt of all assays from the 2025 drilling programme, FMR will integrate results with existing datasets, including the recent Gradient-array Induced Polarisation (GAIP) survey completed in October 2025. The chargeability response adjacent to GSH-25-001 will be used as a template to identify similar IP features across the project area.
High-resolution gravity and magnetic data may be used to refine the structural and geological model for Goshen, enabling the target horizon to be traced across the project using drilling data as a guide.
The Company plans to:
- Await further assay results from remaining Goshen samples (expected later Q1 2026)
- Integrate drilling results with GAIP survey data
- Identify and assess additional IP features with similar responses
- Consider additional geophysics to expand structural model
Government incentive funding of C$40,000 is available under the New Brunswick Junior Mining Assistance Program, supporting up to 50% of eligible exploration costs at Goshen and Fairfield over 12 months.
Systematic integration of multiple datasets increases the probability of identifying additional mineralised target horizons, potentially expanding the project’s scope and resource potential.
Strategic position in the Appalachian copper belt
Goshen and the broader Fairfield Project are positioned within the prospective Appalachian copper belt, a region hosting significant past-producing deposits. The belt includes Gaspé (79.7Mt at 1.7% Cu, 0.4g/t Au) and Green Bay Copper (141Mt at 0.9% Cu), demonstrating the scale of sediment-hosted copper systems in the district.
FMR holds 100% ownership of the Fairfield Project, providing full exposure to exploration success without joint venture or royalty dilution. This structural position allows the Company to capture the full upside from future discoveries and resource delineation.
Regional context supports the exploration rationale, with proven analogues demonstrating the economic viability of sediment-hosted copper deposits in the Appalachian Belt. The geological setting at Goshen is consistent with these larger systems, validating the target model.
Want the Next Mining Breakout in Your Inbox?
Join 20,000+ investors receiving FREE breaking ASX news within minutes of release, complete with in-depth analysis. Big News Blast delivers real-time alerts covering mining, healthcare, tech, finance and more. Click the “Free Alerts” button to get market-moving announcements the moment they break.