Aruma Resources (ASX:AAJ) High Grade Assays at Feiry Creek Project
Price Sensitive Announcement $
Overview:
Aruma Resources Limited has reported high-grade copper assay results from the Fiery Creek Copper Project in the Mt Isa copper belt, in northern Queensland.
The results come from surface rock chip sampling programs carried out by previous explorers at the Project area including Sumitomo and Anglo American. Highlight results included;
- 36% Cu – Sumitomo (FCR547) 1,4
- 36% Cu – Sumitomo (FCR534) 1,4
- 25.4% Cu – Anglo American (11502) 2
- 15.2% Cu – Anglo American (10733) 2
- 11.2% Cu – Anglo American (10260) 2
Highlights:
- Very high-grade copper surface samples highlight the prospectivity of the recently acquired Fiery Creek Project in the Mt Isa copper belt, Queensland
- Results returned from multiple prospects across the Project area from previous exploration by majors Sumitomo, Anglo American and MIM Holdings
- Fiery Creek is under-explored and located in an interpreted favourable geological setting and is an exploration priority for Aruma
- Historic drilling also completed – anomalous copper results returned with extensive red-rock (hematite) alteration consistent with a fertile copper system
- Aruma plans to explore Fiery Creek for stratiform copper deposits and IOCG mineralisation
Company Notes:
Aruma Resources managing director Glenn Grayson said:
“We are thrilled with these historical results from the Fiery Creek Project and about the Project’s significant potential. The Project has been subject to limited previous exploration from majors such as Sumitomo and Anglo American, amongst others, which delivered encouraging results including very high-grade copper in surface rock chip samples. The underexplored nature of the Project area combined with the positive historic results and favourable geological setting in the prolific Mt Isa minerals district
provide an exciting exploration opportunity for Aruma.”
Full ASX Announcement: 6A1217669.pdf (discoveryalert.com.au)