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Aruma Resources (ASX:AAJ) expands gold mineralised footprint at Salmon Gums, WA

ASX News, Materials
ASX:AAJ      MCAP $2.953M
26 May 2023 11:55 (AEST)

Source: Aruma Resources

Aruma Resources (AAJ) has expanded its gold mineralised footprint following its latest phase of drilling at the Salmon Gums project in Western Australia’s Eastern Goldfields.

The company conducted a 44-hole reverse circulation (RC) drill program and an 894-hole auger program, covering a total distance of 5366 metres.

The programs aimed to follow up a “bonanza-grade” intercection from its previous drill campaign, which returned gold grades up to 224 grams per tonne (g/t).

According to AAJ, its latest assay results revealed multiple zones of anomalous gold, expanding the company’s mineralised gold presence at its Iris and Thistle prospects.

Highlights from the reverse circulation drilling included one metre at three g/t gold from a depth of 71 metres at Iris, and a one-metre intercept of 1.7 g/t gold from six metres at Thistle.

Additionally, AAJ discovered a new target returning intersections including 2.3 g/t over one metre from 27 metres, positioned between Thistle and Iris, dubbed Rose.

Aruma’s Managing Director Glenn Grayson said the latest bout of drilling tested the company’s geologic model for gold mineralisation along strike across Salmon Gums.

“As our understanding of the gold model at Salmon Gums increases, as a next step we plan to undertake targeted diamond drilling in several orientations, to follow up the bonanza gold intersection of five metres at 50.2 g/t from our previous phase of drilling and to increase our understanding of what is controlling the high-grade gold,” Mr Grayson said.

Additionally, assays from Aruma’s auger soil sampling program confirmed the presence of rare earth element (REE) mineralisation as well as gold and arsenic-enriched zones.

AAJ said it plans to launch a diamond drilling program to continue its project explorations.

AAH shares are down 17.1 per cent, trading at 6.3 cents at 11:40 am AEST.

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