Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

General mining & base metals

Aruma Resources extends gold mineralisation at Western Australia project

Aruma Resources’ (ASX: AAJ) reverse circulation drilling program has confirmed and extended the known gold mineralisation at the Marks Prospect of its Jundee South Project in Western Australia.

Jundee South is located 60 kilometres east of Wiluna and about 25 kilometres south of Newmont Mining’s (NYSE: NEM) Jundee Gold Mine.

Ten of the 13 holes intersected anomalous gold mineralisation including 12 metres at 1.85 grams per tonne gold from 47 metres including 6 metres at 3.44g/t gold and 16 metres at 1.22g/t gold from 14 metres including 3 metres at 3.15g/t gold.

Notably, the gold mineralisation is both shallow and thick while remaining open to the west.

The mineralisation is in several rock types indicating a LODE system, with associated quartz, sulphides and carbonates

The drill program was designed to follow up the previously reported rotary air blast programs with notable intersections of 35 metres at 2.31g/t gold and 17 metres at 1.87g/t gold.

Aruma will undertake geochemical surveys to define the extent of the mineralisation using infill geochemistry and the previously flown HyMap data combined with 3D modelling.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK