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Aruma Resources Ltd.
Summary
| Project: | Slate Dam | |
|---|---|---|
| Deposit: | Slate Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-10-2018: Aruma Resources Ltd. announces an Exploration/Drilling Update report for its Slate Dam deposit at the Slate Dam project. Drilling results incl. 6.0m @ 2.43g/t Au from 6m. Aruma Resources Limited (ASX: AAJ) is pleased to announce final assay res | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Schwann (Internal) | |
| ABSTRACT: | Aruma Resources Limited (ASX: AAJ) is pleased to announce final assay results from its Phase 3 drilling program at the Company’s 100%-owned Slate Dam Gold Project in the Eastern Goldfields of Western Australia. Assays have now been received for remaining nineteen holes for 2,088m (holes SDRC80 to 98) of the 3,748m program which was completed in August 2018. The assays from the Phase 3 program have continued to deliver results consistent with the model in the Slate Dam anomaly area in the northern part of the Project, and have further strengthened the Company’s geological model for the Slate Dam Project to host significant sediment-hosted gold deposits. Best results are as follows; Drilling has intersected widespread gold mineralisation, with fifteen out of the nineteen holes drilled having intersected anomalous gold (>0.1g/t Au). Alteration was evident, with Pyrite-Carbonate-Mica-Quartz showing up and indicating gold. The newly rehabilitated core from previous project owners is now able to be logged and this will commence next month, and should contribute to a fuller understanding of the mineralisation at Slate Dam. Aruma has completed 98 reverse circulation (RC) drill holes in three phases of drilling for 10,500m over the past nine months, and 63 out of the 98 holes have intersected anomalous gold mineralisation. | |
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