- Aruma Resources (AAJ) has identified further highly anomalous gold mineralisation at its Melrose Gold Project in the Pilbara region of WA
- The mineralisation was found at two new exploration licence applications, which make up 19 square kilometres across the project’s entire 185 square kilometre area
- One of the licence areas hosts quartz veins grading up to 1.74 grams per tonne gold and the other has rock chip assays of up to 0.36 grams per tonne gold
- Strategically, the gold anomalies lie on the same structure as Northern Star’s Belvedere prospect
- Aruma is now conducting mapping and other studies to define further alteration and mineralisation
- Company shares are up a healthy 16.7 per cent and are trading for 0.7 cents
Aruma Resources (AAJ) has identified further highly anomalous gold mineralisation at its Melrose Gold Project in the Pilbara region of Western Australia.
The Melrose Gold Project comprises seven exploration licence applications and covers a total area of 185 square kilometres. It is interpreted to span a strike length of over 22 kilometres of the highly significant Nanjilgardy fault.
This is the same regional structure reported as the main source of gold mineralisation at Northern Star Resources’ (NST) Paulsens Gold Mine and the Mt Olympus Gold Mine.
The mineralisation was found at two new exploration licence applications (ELA47/4414 and ELA08/3244). These cover a combined 19 square kilometres across the Melrose Project.
Historically, they have delivered highly anomalous gold samples of up to 1.74g/t in quartz veins as well as rock chips assays grading up to 0.36g/t gold.
Strategically, the gold anomalies lie on the same structure as Northern Star’s Belvedere prospect.
Aruma believes the quartz veins may be associated with adjacent lode-style gold mineralisation and the company plans to utilise these veins to identify any lode systems.
The company has now begun a HyVista multispectral mineral mapping and Radar conductivity study, as well as an Aster Thermal mineral mapping program over an 80 square kilometre area within the Melrose Project.
Aruma hopes these activities will also help target gold-forming alteration and mineralisation at its other project areas.
Company shares are up a healthy 16.7 per cent and are trading for 0.7 cents at 11:16 am AEST.