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Aruma Resources Ltd.
Summary
| Project: | Slate Dam | |
|---|---|---|
| Deposit: | Slate Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2018: Aruma Resources Ltd. announces an Exploration/Drilling Update report for its Slate Dam deposit at the Slate Dam project. Drilling results incl. 1m @ 18.10g/t Au from 0m. Aruma Resources Limited (ASX: AAJ) is pleased to announce the results of i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Schwann (Internal) | |
| ABSTRACT: | Aruma Resources Limited (ASX: AAJ) is pleased to announce the results of its Phase 2 drilling program at the Company’s 100%- owned Slate Dam Gold Project in WA’s Eastern Goldfields. Aruma completed 23 holes of reverse circulation (RC) drilling for a total of 2,778 metres in this phase of drilling. The program was successful in expanding the footprint of the gold mineralised system at the Slate Dam Project, and also in confirming the significant sediment hosted gold mineralised shoots delineated in the Phase 1 drilling. All assay results have now been received and have returned multiple intersections of anomalous gold mineralisation, with more than 50% of completed holes (12 of 23 holes) intersecting gold mineralisation. Significant intersections include; Aruma managing director Peter Schwann said; “We continue to be encouraged by the results from our two drilling programs to date at Slate Dam. To take the Project from concept to validation, and increase its potential to host significant sediment-hosted gold deposits with our first two drill programs completed in the space of just six months, is highly positive for the Company and shareholders. Drilling has continued to intersect gold mineralisation over a significant portion of our initial target area, and we will now immediately seek to pursue extensions and repetitions, plus higher grade zones, in our next phase of drilling. The appraisal of the full 250km2 Slate Dam Project area will also be evaluated by geophysical methods successfully used in similar project areas.” | |
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