Aruma Resources Extends Slate Dam Gold System

THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) claimed to have increased mineralisation at the company’s 100 per cent- owned Slate Dam gold project in the Eastern Goldfields of Western Australia on completion of a Phase 2 drilling program.

Aruma Resources completed 23 holes of reverse circulation (RC) drilling, from which it claims to have confirmed sediment hosted gold mineralised shoots delineated by the company’s Phase 1 drilling program.

Assay results returned multiple intersections of anomalous gold mineralisation, with more than 50 per cent of completed holes (12 of 23 holes) intersecting gold mineralisation.

Highlights include:

1m at 18.1 grams per tonne gold from surface;

11m at 1.05g/t gold from 27m, including 4m at 1.48g/t gold from 33m; and

5m at 0.847g/t gold from 45m.

Zones of thick mineralisation intercepted, such as:

20m at 0.36g/t gold from 24m.

Aruma emphasised the results from hole SDRC50 from the southern-most line of drilling saying it confirms and extends the presence of stratabound gold mineralisation now extending over a total distance of at least four kilometres.

The company also stresses the thicknesses of mineralisation it intersected to be of key importance, with three intersections of 10 metres or more – including 11m at 1.05g/t gold in the main shoot and 20m at 0.36g/t gold in the south-east extension of the drilled area.

Aruma considers the high-grade result in hole SDRC48 that intersected surface soil and outcrop material as a very strong soil sample that it will follow up in the next round of drilling.

“We continue to be encouraged by the results from our two drilling programs to date at Slate Dam,” Aruma Resources managing director Peter Schwann said in the company’s announcement to the Australian Securities Exchange.

“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 250 square kilometre Slate Dam project area will also be evaluated by geophysical methods successfully used in similar project areas.”

Aruma believes the results from the Phase 2 drill program, in conjunction with results of its first phase drilling and historic drill results from the project, continue to strengthen the exploration model for Slate Dam to host large sediment-hosted gold deposits.