Aruma Resources Hit Gold in First Phase Three Hole

THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) has encountered sulphide mineralisation in the first hole of a Phase 3 drilling program currently underway at the company’s 100 per cent- owned Slate Dam gold project in the Eastern Goldfields of Western Australia.

Aruma Resources is undertaking a reverse circulation (RC) drilling program across a total of 25 holes with planned drilling depths of up to 150m.

The drilling has been designed to further expand the Slate Dam gold mineralised system, and to test for repetitions of mineralisation to the east and west of the current drill defined area.

Aruma informed the market that it completed 1,894m of drilling in 16 holes in the current program to date, which has delivered highly encouraging initial observations with sulphide-carbonate alteration, in the form of pyrite-ankerite, intersected over a 26m zone in the first hole (SDRC64) – and pyrite also identified in a further seven of the sixteen completed holes to date.

“The successful intersection of sulphide-carbonate in the first hole of our current drilling program at Slate Dam is most encouraging and is consistent with our model for the project to host a significant sediment-hosted gold system,” Aruma Resources managing director Peter Schwann said in the company’s announcement to the Australian Securities Exchange.

“The presence of strong pyrite in hole SDRC6 provides a strong indicator of gold mineralisation, and, subject to assay results, will provide further continuity of gold mineralisation through the system and also expand the mineralised system at Slate Dam – which was a key aim of this phase of drilling.”