logo-loader
viewAruma Resources

Aruma Resources targets gold system at Slate Dam

Aruma has recommenced a 5000 metre drilling program at its Slate Dam Gold Project.

Geological model of Slate Dam Gold Project
Claims of 2 million ounce Invincible Deposit style shales at Slate Dam Gold Project

Aruma Resources Ltd (ASX:AAJ) has recommenced drilling at its Slate Dam Gold Project located near Kalgoorlie in Western Australia.

A total of 974 metres was drilled in December, and the results from these activities are expected in January/February.

This is part of a more comprehensive 5000 metre reverse circulation drilling program targeting proven mineralisation.

Historical data useful but incomplete

The initial project evaluation used historical data which defined a bottom-of-hole geochemical gold anomaly of considerable size over a small part of the Slate Dam prospect.

Aruma is of the view that all the geological requirements for a gold system are in place, but they are masked due to Lake Yindarlgooda covering the anomaly.

The substantial gold anomaly was delineated in past exploration activity, but inadequately drill tested.

Previously to find gold intercepts to be tested

In targeting this anomaly, Aruma will also test the basement which has previous drilling defined gold intercepts that were not followed up.

The prospective shales are reported by Aruma to have many similarities to the Invincible Deposit at Kambalda which hosts 2 million ounces of gold at grades of more than 4 g/t.

Quick facts: Aruma Resources

Price: 0.004 AUD

ASX:AAJ
Market: ASX
Market Cap: $3.29 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Filta Group Holdings CEO reveals recent trading update highlights

Filta Group Holdings PLC (LON:FLTA) CEO James Sayers tells Proactive the commercial kitchens service provider has seen a gradual improvement in activity recently as coronavirus lockdown restrictions ease. Sayers says turnover in May was 14% higher than in April while June’s topped May’s by...

5 hours, 21 minutes ago

2 min read