THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) has commenced the second phase of drilling at the company’s 100 per cent-owned Slate Dam gold project in the Eastern Goldfields of Western Australia.
Aruma Resources informed the market that the drilling is progressing and to date has nine holes for a total of approximately 1,000 metres of Reverse Circulation (RC) drilling, out of a planned program of up to 30 holes for approximately 4,000 metres has been drilled.
“In line with our sediment-hosted gold model at the Slate Dam project, alteration and structure with stratigraphy are visible in drill chips from the current program, with fine grained pyrites evident in shales,” Aruma Resources said in its ASX announcement.
Aruma also announced the acquisition of Exploration Licence (EL) E25/526, in the southern region of the project.
The new EL comprises six blocks and covers an area of 19 square kilometres and hosts the historic Transville (and Mt Juglah) gold mines, which are reported to have historically produced 970 tonnes of gold ore at 26.7g/t gold for 25.76 kilograms of gold.
“The Slate Dam project now covers some 330 square kilometres of very prospective sediments situated on granite centres,” the company said.
“The leases are mostly granted and cover a strategic 330 square kilometres situated only 40 to 60 kilometres from Kalgoorlie.
“These leases contain over 60 kilometres of strike of the prospective beds that host Trojan and Majestic.
“Aruma’s exploration program has been designed to locate the mineralisation centres that will exist along these trends and potentially host several major centres capable of supporting mining operations.”