- Just weeks after buying the Tillex copper-silver project in the Timmins mining district, Aruma has started maiden diamond drilling.
- Oz explorer is looking to test extensions to high-grade copper mineralisation.
- Aruma has been up nearly +15% YTD after buying Tillex project.
Aruma Resources (ASX:AAJ) has formally started maiden diamond drilling at the Tillex copper-silver project, in the Timmins mining district in Ontario, with the program marking the explorer’s first sub-surface exploration at the site since completing the acquisition of the project in February CY26.
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The Aussie explorer’s program is specifically designed to test extensions of high-grade copper mineralisation identified by Tillex’s past owners.
The current drill-defined strike extent sits at around 450 metres; however, recent electromagnetic (EM) surveys conducted by Aruma have suggested a potential strike length of 600 metres. This major first phase of the Oz explorer’s campaign consists of ~1,500 metres of diamond core drilling.
Key technical objectives early on include testing mineralisation to the north and south of known intersections and drilling to depths of up to 350 metres.
“Our longer-term goal is to deliver a significant copper mineral resource estimate at Tillex, and the commencement of drilling marks a key moment in that journey. We look forward to releasing results as they become available,” Aruma’s managing director, Grant Ferguson, told the explorer’s shareholders.
Aruma’s on-site Tillex team will also be looking to utilise drill holes as platforms for downhole electromagnetic (DHEM) surveys to identify conductors beyond the current 400-metre survey limit as work gets underway.
The Aussie company has been up +14.52% YTD since acquiring the Tillex project. Aruma was mainly drawn to Tillex’s scale, geometry, and growth potential, as well as the fact that recent work there already picked up high-grade results. “We see great potential for discovery,” Mr Ferguson said at the time.
Aruma paid Tillex’s original vendor Metals Creek Corp (TSX:MEK) up to C$225,000 in cash and scrip for settlement. There are several deferred payments in the deal, too, that will pop up at 12, 24, and 36-month markers.
Today, AAJ will open Monday trading at 1.7cps.
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