ARYA RESOURCES LTD. (TSX-V: RBZ) Announces Completion of Phase 1 Drill Program
ARYA RESOURCES LTD. (TSX-V: RBZ) Announces Completion of Phase 1 Drill
Program
January 10, 2024- Vancouver, BC, Canada - Arya Resources Ltd. (TSX-V: RBZ) (“Arya” or the “Company”)
is pleased to announce the completion of Phase 1 drill program on the company’s historic Dunlop Ni-Cu
project in northern Saskatchewan. The program consisted of 8 drill holes totalling 1045m (Table 1) and
was completed between December 7th and 17th, 2023. Alpha Drilling based in Saskatoon, Saskatchewan
was contracted to complete the drilling.
The drill program was designed to test favourable Nickel-Copper targets identified within the historic
Dunlop Ni-Cu Zone by the company’s technical team. The program concentrated on drilling targets
identified at the East Zone. The program was successful in intersecting the mineralized pyroxenite in all
holes. Visually, the mineralization appears to be of similar nature to the zone intersected in the historic
drilling, 3-5% disseminated and bleby pyrrhotite with trace to 1% pentlandite and chalcopyrite. Locally,
on a meter scale, sulphide content increases to 30%. The core is currently being cut at a secure facility in
La Ronge, Saskatchewan, once cutting is complete the samples will be shipped to SRC Labs in Saskatoon
for analysis. All assay results are pending.
The project is located 37km north of La Ronge via Provincial Highway 102 and then an 8km bush road
heading west to Nemeiben Lake provides excellent access. A powerline runs along Provincial Highway
102 and would provide easy access to hydro for the project site. The Company has all the necessary
permits to conduct exploration drilling on the Dunlop Nickel-Copper project.
Previous drilling in 1960-1980 identified a historical deposit totalling 18.11 million tonnes of Ni, and Cu
mineralization of which 12.83 million tonnes were considered able to be mined as an open pit and the
balance by underground mining. Grades ranged from 0.55% Ni – 1.46% Ni and 0.15% Cu - 0.39% Cu with
assays of up to 0.35% Cr and 0.15% Co -Source Reference: SMDI#0749 Saskatchewan Mineral Database
Identification Number- (see Company News Release : https://aryaresourcesltd.com/pdf/2023-03-
02_NR.pdf)
Table 1: Fall 2023 Drill Program; Dunlop Ni-Cu Project, Nemeiben Lake
Hole # UTM E UTM N
Elevation
(m) Az TN Dip
Final
Depth
(m)
AR23-001 489275 6130814 400.9 0.0 -50 200.0
AR23-002 489275 6130867 396.7 0.0 -50 155.0
AR23-003 489222 6130867 397.1 0.0 -55 164.0
AR23-004 489325 6130845 395.6 0.0 -50 140.0
AR23-005 489325 6130900 390.5 0.0 -50 119.0
AR23-006 489225 6130918 390.4 0.0 -55 125.0
AR23-007 489275 6130945 390.7 0.0 -55 65.0
AR23-008 489275 6130945 390.7 0.0 -70 74.0
Kevin Wells, P.Geo, a consulting geologist to the Company, is the independent qualified person as
defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the technical
disclosure contained in this news release.
About the Company
Arya Resources Ltd (RBZ.V) is a tier -2 listed mining and mineral exploration C ompany. The Company is
focused on acquiring, exploring and development of “critical minerals” as well as energy -metals projects
including Gold, Uranium, Lithium and Rare Earth elements in stable jurisdictions.
On behalf of the Board of Directors:
Rasool Mohammad, CEO
Email: [email protected]
Telephone: (604) 868-7737
https://aryaresourcesltd.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes "forward looking statements" that are subject to assumptions, risks and
uncertainties. Statements in this news release which are not purely historical are forward looking
statements, including without limitation any statements concerning the Company's intentions, plans,
estimates, expectations or beliefs. Although the Company believes that any forward looking statements
in this news release are reasonable, there can be no assurance that any such forward looking statements
will prove to be accurate.