Aruma Resources Ltd (ASX: AAJ) managing director Glenn Grayson sits down with Proactive’s Jonathan Jackson to discuss high-grade copper assays from the Fiery Creek Copper Project in the Mt Isa copper belt, northwest Queensland. Surface rock chip sampling by previous explorers, including Sumitomo and Anglo American, revealed significant copper grades with highlights such as 36% copper (Sumitomo), 25.4%, 15.2% and 11.2% copper (Anglo American).
The Fiery Creek Project encompasses prospects like Fiery Creek, Twilight, Hellfire and Piper and is underexplored but in a geologically favourable area analogous to known copper deposit regions within the Mount Isa Inlier.
The project has seen limited historical drilling with anomalous copper results and extensive hematite alteration indicative of a fertile copper system. Anglo American, MIM Holdings (now Glencore), BHP, Rio Tinto and Sumitomo previously held adjacent tenures. Aruma plans to explore for stratiform copper deposits and assess the potential for IOCG (iron oxide copper-gold) mineralisation.
Grayson discussed the project's potential, citing the promising historical results and favourable geological context. Following shareholder approval for the acquisition of the Fiery Creek Project on August 1, 2024, Aruma intends to execute a systematic exploration strategy, beginning with mapping and surface sampling, followed by detailed gravity and magnetic surveys.
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