FMR Resources completes La Lorena Project acquisition

Highlights:

• FMR has executed a conditional Binding Term Sheet and Exclusivity Agreements over key mining concessions, along with contiguous exploration concession applications, to create the 100% FMR-owned La Lorena Project.
• The La Lorena Project is approximately 54 km² of tenure located in the highly fertile Eocene-aged magmatic belt, which hosts numerous major porphyry copper deposits including the World-Class Escondida deposit.
• Previous small-scale mining within the La Lorena Project area at the La Martuca, Los Morados, and Esperanza Prospects has confirmed the presence of copper and gold bearing hydrothermal systems.
• First pass underground rock chip sampling completed by FMR returned up to 4.11% Copper at La Martuca and 2.42% Copper at Los Morados.
• Located approximately 30 km northeast of FMR’s Llahuin Project JV, the La Lorena Project has never been systematically explored or drill tested.
• Exploration underway, including geological mapping, surface sampling and geophysical surveys, to fast track to an initial drilling programme in 4Q26.

Oliver Kiddie, Managing Director, comments:

“The La Lorena Project acquisition aligns with the FMR strategy of identifying and transacting on assets that move the needle. This new, 100% FMR-owned, highly prospective Project is the perfect complement to our more advanced exploration at the Llahuin Project JV.

“The La Lorena Project acquisition represents a rare opportunity to secure a large, contiguous exploration footprint along a proven metallogenic corridor that hosts multiple copper and gold systems, but has never been tested with modern exploration methodology. The combination of favourable regional architecture, known mineralisation, and extensive untested ground presents a compelling exploration opportunity for FMR.”

Read the article online at: https://www.globalminingreview.com/mining/11052026/fmr-resources-completes-la-lorena-project-acquisition/