
September 09, 2024
Aruma Resources Limited (ASX: AAJ) (Aruma or the Company) is pleased to announce 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.
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
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.
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.”

Sample rocks from the Piper prospect (Figures 2, 3) highlight the potential for copper mineralisation with supporting antimony, sliver and arsenic (As), with an outcropping cross-cutting quartz breccia mapped for 700m. The breccia is terminated by a tertiary creek system to the east. This is an excellent example of the prospectivity of Fiery Creek, and also underlines the need for appropriate base data to help interpret other prospective structural traps for copper under cover.
Click here for the full ASX Release
This article includes content from Aruma Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
31 August
Copper Prices Near Record Levels as LME Inventories Sink on Tariff Fears
London Metal Exchange (LME) copper stocks experienced major drawdowns in the week ended on August 28. Data from the exchange indicates that open tonnage at LME warehouses fell over the week to reach 107,050 metric tons (MT) on August 26, down significantly from 166,775 MT on August 19. Likewise,... Keep Reading...
28 August
Top 5 Canadian Mining Stocks This Week: VR Resources Soars with 384 Percent Gain
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released Q2 gross domestic product (GDP) numbers on Friday (August 28). The data... Keep Reading...
28 August
Sumitomo and G Mining Group Back Tintina's Dos Amigos Copper-Gold Project
Sumitomo (OTCPL:SSUMF,TSE:8053) and engineering firm G Mining Group have acquired a 25 percent stake in Tintina Mines (TSXV:TTS,OTCPL:TNNTF) to advance the Dos Amigos copper-gold project in Northern Chile.Through a 50/50 special purpose vehicle, Sumitomo and G Mining have subscribed for C$48... Keep Reading...
28 August
Chile and Argentina Revive Treaty for Multibillion-Dollar Copper Hub
Argentina and Chile approved operating protocols to integrate three mega-mining projects across the Andes Mountains, advancing a legal framework designed to unlock more than US$20.7 billion in copper investment. Officials from both countries convened in Santiago on Thursday (August 27) under the... Keep Reading...
26 August
US Tariff Fears Drive Copper Stockpile Rush
Traders are flooding American warehouses with refined copper to beat potential import tariffs, draining global inventories and pushing prices near all-time highs despite sufficient physical supply worldwide.On the New York Commodity Exchange, copper for September delivery surged to a record... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





