Aruma Resources (ASX:AAJ) Multiple high-grade copper results and antimony at Fiery Creek Project

10 September 2024

Price Sensitive ASX Announcement $

Overview:

Aruma Resources Limited has announced high-grade copper assay results from its initial surface sampling program at the Fiery Creek Copper Project in the Mt Isa copper belt, in northern Queensland.

The first-phase sampling program provides initial confirmation of the Project’s exploration potential. Results come from the priority Piper prospect in the north-west of the Project area, and include multiple very high-grade copper samples along with high-grade silver results (Figure 1).
Highlight results include;

• 11.83% Cu, 17.7g/t Ag: AR28585
• 11.53% Cu, 18.8 g/t Ag and 0.3% Zn: AR28586
• 9.95% Cu, 31.3g/t Ag; AR28582
• 9.53% Cu: AR28580
• 4.02% Cu, 20.8g/t Ag: AR28584
• 2.10% Cu, 31.3g/t Ag: AR28581

The sampling program also returned encouraging antimony (Sb) results including; 10,883ppm Sb
in AR28586, 2,305ppm Sb in AR28583 and 2,035ppm Sb in AR28585.

Highlights:

• Initial Surface Sampling Program returns multiple very high-grade copper assay results
  at Fiery Creek Copper Project in the Mt Isa copper belt, Queensland
• Results from the Piper prospect covering over 600m of strike include; 11.83% Cu,
  11.53% Cu, 9.95% Cu and 9.53% Cu
• Highly encouraging antimony results also returned including; 10,883ppm Sb,
  2,305ppm Sb and 2,035ppm Sb – along with high-grade silver assays up to 31.3g/t Ag
• Historical exploration at Fiery Creek also returned very high-grade copper rock chip
  samples including; 36% Cu, 25.4% Cu and 15.2% Cu (ASX announcement 30 July 2024)
• Data generated from soil sampling to date indicates strong copper anomalism across
  the Fiery Creek Project, beyond the initial Piper and Fiery Creek targets
• The under-explored Fiery Creek Project displays geological features favourable for
  copper deposits and is an exploration priority for Aruma
• Next steps: detailed ground gravity surveys to better define drill targets to commence
  this month followed by an IP survey at the Piper prospect planned for October

Company Notes:

Aruma Resources managing director Glenn Grayson said: “The multiple high-grade copper results, along with the silver and antimony mineralisation returned at the Piper target from our initial surface sampling program provide early confirmation of the Fiery Creek Project’s exploration potential. These results, in conjunction with historic exploration results, help provide key base-line data for our next phase of field work. Ground-based geophysical surveys are planned in the coming weeks, with the aim of defining targets for a maiden drilling program. Also of significant, wider importance is that the data generated from soil sampling to date indicates strong copper anomalism across the Fiery Creek Project, beyond the initial Piper and Fiery Creek targets.”

Full ASX Company Announcement: 6A1224607.pdf (discoveryalert.com.au)