Aruma Resources (ASX:AAJ) said interpreted structures from the recently completed gravity and induced polarization geophysical surveys were coincidental with broad copper intersections from historic drilling at the Fiery Creek copper project in Queensland, according to a Tuesday filing with the Australian bourse.
High-grade copper, silver, and antimony sampling results include 20.93% grade of copper, 31.3 grams-per-tonne grade of silver, and 10,883 parts-per-million grade of antimony.
Further sampling at the Piper and Eagle prospects is planned for April, and drilling at the Piper prospect is planned for the second quarter, subject to approvals.
Its shares fell over 21% on market close on Tuesday.
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