Aruma Resources (ASX:AAJ) has uncovered drill-ready targets at the Fiery Creek Project in the Mt Isa region of Queensland after completing a gravity survey.
Once stakeholder and heritage surveys are completed, the company plans undertaking a phase one reverse circulation drilling program in Q2 2025. The program will target coincident geophysical and geochemical anomalies at the Piper prospect.
Managing Director Grant Ferguson says in combination with historical drill results, Aruma’s “high-grade surface sampling results”, completed gravity, and induced polarisation (IP) surveys have provided an elevated level of confidence in the project’s potential.
“The size, strength, and location of the gravity anomalies defined at the Piper prospect, coincident to geochemical and the two parallel IP anomalies confirms this prospect as a compelling drill-ready target for Aruma,” Ferguson says.
At Piper, the gravity survey delineated two gravity anomalies coincident with the two parallel 300m strike IP anomalies. A preliminary assessment and modelling of the gravity IP data has upgraded and refined targets at the prospect.
The southern IP anomaly hosts known surface copper mineralisation, plus shallow copper mineralisation from historical drilling. Meanwhile, the northern IP anomaly is coincident with Aruma’s copper rock chip samples, with the gravity anomaly interpreted to reflect a possible lithological contact position.
Aruma considers these areas of coincident structural complexity and geochemical anomalism to be highly prospective for structurally controlled copper-silver mineralisation and stratiform sediment hosted copper mineralisation.
Meanwhile, at the Eagle prospect, northwest structures have been identified, intersecting targeted stratigraphy known for hosting copper mineralisation.
The company is continuing detailed investigations into the Piper, Eagle, and Fiery Creek areas in conjunction with the recently purchased high-resolution hyperspectral satellite imagery.
Aruma notes while this continues throughout January and February 2025, the company believes there is potential for identifying further copper targets.
Further, the company has received a $415,113 tax refund relating to its research and development activities for FY2024. These funds reflect a rebate on eligible R&D activities conducted by the company across its Western Australian project portfolio.
Aruma Resources is a junior mineral explorer focused on the discovery and development of a portfolio of projects considered prospective for copper, uranium, gold, lithium, and rare earths.
Write to Aaliyah Rogan at Mining.com.au
Images: Aruma Resources
