Aruma Resources (ASX:AAJ) Historic Copper Intersections
Operational Highlights
Aruma Resources reported multiple wide, near-surface historic copper intersections at the Fiery Creek Project in Queensland’s Mt Isa copper belt. The intersections from historic drilling by MIM Exploration Pty Ltd between 1991 and 1996 include 44m at 0.2% Cu, 26m at 0.14% Cu, and 14m at 0.15% Cu from the Piper Prospect.
Exploration Model Enhancement
The drill results coincide with gravity and Induced Polarisation anomalies from recent geophysical surveys and high-grade copper-silver and antimony sampling results, including 20.93% Cu, 31.3g/t Ag, and 10,883ppm Sb. These findings strengthen Aruma’s exploration model at the Piper prospect.
Future Plans
Further sampling at Piper and Eagle Prospects is planned for April, ahead of drilling at Piper scheduled for Q2 2025, subject to approvals.
Executive Comments
Managing Director Grant Ferguson stated, “The Piper prospect at the Fiery Creek Project is an exciting drill ready target for Aruma. The Company’s ongoing assessment of the Project continues to enhance the exploration potential of the Piper target, and the wide, near surface historic copper intersections reported in this announcement further validates this. That these historic intersections at Piper are coincident with our high-grade copper, silver and antimony surface sampling results, and the IP and gravity anomalies defined from our recent geophysical surveys provides a further layer of confidence to our exploration model for the Project.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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