THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) has received the first batch of assay results from recent drilling at the company’s 100 per cent-owned Slate Dam gold project in the Eastern Goldfields of Western Australia.
Aruma Resources completed a Phase 3 drilling program at the Slate Dam project, from which it has received assays for the first eight holes (holes SDRC64 to 71) of a planned 25 hole reverse circulation (RC) drill program, with planned drilling depths of up to 150 metres.
The company declared the first assays from the Phase 3 program to have delivered further results consistent with its sediment-hosted gold model for Slate Dam while confirming the increasing grades to the east at the project.
Highlight results returned to date in the Phase 3 drilling include:
6 metres at 2.43 grams per tonne gold from 15m, within a broader zone of 15m at 1.1g/t gold from 6m.
Aruma explained the current phase of drilling was designed to further expand the Slate Dam gold mineralised system beyond its current mineralised footprint which extends over a total distance of at least four kilometres, and to test for repetitions of mineralisation to the east and west of the current drill defined area.
“Slate Dam continues to develop,” Aruma Resources managing director Peter Schwann said in the company’s announcement to the Australian Securities Exchange.
“The broad intersection of strong gold mineralisation to the east of the previously drill defined area is highly encouraging and was a key aim of this phase of drilling.
“The first assay results in the Phase 3 drilling have returned multiple broad zones of gold mineralisation plus further strong grades.
“The significant gold intersection in hole SDRC68 is of substantial importance as it duplicates the similar intersection of 7 metres at 2.1 grams per tonne gold in the nearby drill hole SDRC20 reported in our first phase of drilling.
“This is an important result for the project and we will seek to extend these two near surface gold zones along strike and look for more repetitions to the east in the remaining holes in the Phase 3 program.”
Aruma is svheduled to resume the Phase 3 drilling program with the remainder of the program to focus on extensional drilling designed to expand the Slate Dam gold system and infill drilling of target areas along strike of drill holes SDRC20 and SSRC68, which both host broad zones of gold mineralisation.
The company also advised that Section 18 Heritage clearance surveys in respect of all the leases within the Slate Dam project and Goddards Dam project have now been completed and will be submitted for Ministerial Approval.