Aruma Resources (ASX: AAJ) is in pre-open this morning following the ASX granting a trading halt, to allow the company to prepare a capital raising announcement.
Aruma is focused on gold exploration in Western Australia, while using new technology on previously explored areas with known gold mineralisation.
Projects and progress include:
- Glandore Project: On Structure from Salt Creek-Majestic, High Grade large mineralising system, RC Drilling on visible gold at Steves;
- Gindalbie Project: Targets from Hyvista and sampling, RC Drilling on visible gold at Lady Lauren;
- Jundee South Project: 25km south of Jundee Mine, RAB intersections define 400X100m target, RC Drilling underway at Marks; and
- Laverton East: Northern Lease has two HyMap targets, Geochemical sampling done on targets.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 4th March 2013.