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Aruma Resources Ltd.
Summary
| Project: | Slate Dam | |
|---|---|---|
| Deposit: | Slate Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-2-2018: Aruma Resources Ltd. announces an Exploration/Drilling Update report for its Slate Dam deposit at the Slate Dam project. Drilling results incl. 36m @ 0.72g/t Au from 12m. Aruma Resources Limited (ASX: AAJ) is pleased to announce the results from | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Schwann (Internal) | |
| ABSTRACT: | Aruma Resources Limited (ASX: AAJ) is pleased to announce the results from the first 20 holes of its maiden drilling program at Slate Dam. The program was designed to test the large historical 7km2 gold anomaly identified at Slate Dam (EL25/553). The best results returned so far have been significant with 5m @ 3.8/t Au from 10m (SDRC006) and 7m @ 2.1g/t Au from 11m (SDRC020), Figure 1 and Table 1. The true significance of the intersection in SDRC20 is the discovery of a mineralised zone of 16m @1.34g/t Au from 8m (including 7m @ 2.1g/t Au from 11m). The presence of outcropping mineralisation to the south of the drill hole is shown in Figure 2 below. All intersections are open along strike and more repetions are likely to occur to the east. Aruma’s Managing Director, Peter Schwann, said; “These results justify the drilling the previously known gold anomalism. The extent of the historic gold anomaly is limited only by drilling and sampling and will continue in the favourable stratigraphic trends to the north and south. The decision to control the whole stratigraphic belt is now becoming important both at Slate Dam and Beowulf. Major producers are now acquiring land positions in the underexplored Kurnalpi-Bulong terranes.” The drilling program was completed yesterday with 40 holes completed for 4,020m. Less than half the assay results have been returned to date, with the remaining results expected before the end of February. | |
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