💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Aruma Resources begins next phase of targeted drilling at Salmon Gums Gold Project

Published 11/09/2023, 09:15 am
Updated 11/09/2023, 09:30 am
© Reuters.  Aruma Resources begins next phase of targeted drilling at Salmon Gums Gold Project

Aruma Resources Ltd (ASX:AAJ) has started a targeted diamond drilling program at the Salmon Gums Gold Project, designed to follow up and extend last year’s bonanza-grade gold intercept that included gold grades as high as 224 g/t.

Salmon Gums, in the Eastern Goldfields of Western Australia, is a high-grade gold exploration project 30 kilometres south and along strike, and in the same stratigraphy, of Pantoro Ltd (ASX:PNR)’s high-grade Scotia Gold Project. Aruma is exploring its potential to host high-grade Norseman-style gold mineralisation.

Aruma’s 2022 drilling program at Salmon Gums intersected bonanza gold grades including 5 metres at 50.2 g/t gold, with grades as high as 224 g/t.

This was followed by a diamond core drilling program late last year that returned anomalous zones of gold and expanded the interpreted greenstone footprint at the project to more than 75 square kilometres.

A 44-hole RC drilling program and shallow auger drilling program were then completed earlier this year with results extending the gold mineralised footprint at Salmon Gums, and confirming its potential to host significant Norseman-style greenstone gold mineralisation.

Diamond drilling now underway

Aruma says the current program will consist of seven diamond core holes to follow up the previous intercept of five metres at 50.2 g/t gold, utilising different orientations to fully understand the mineralisation orientation and controls.

The program will see the high-grade intersection twinned and drilled back across section, with multiple holes to be drilled from each drill pad. An additional hole is also planned to be drilled north to south to test for flat lodes typical of Norseman-style mineralisation.

Drilling is expected to be completed this month. The drill core will be sent for processing, logging and sampling, and laboratory results will be released when available.

The diamond drilling results will help plan future extensional drilling around this exceptionally high-grade gold zone.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.