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Aruma Resources (ASX:AAJ) - Managing Director, Peter Schwann - The Market Herald
Managing Director, Peter Schwann
Source: Kalgoorlie Miner
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  • Aruma Resources (AAJ) has begun its first phase of drilling at the Saltwater Gold Project in Western Australia
  • Drilling contractor Ausdrill will undertake 5000 metres of reverse circulation (RC) drilling to target outcropping zones at the western area
  • Work is estimated to take around 25 days with results expected to be released when available
  • The company has received a program of works approval for up to 20,000 metres of drilling and, subject to results, further drilling will be undertaken
  • Aruma is steady on the market and shares have been trading at 0.7 cents since November 20

Aruma Resources (AAJ) has begun its first phase of drilling at the Saltwater Gold Project in Western Australia.

Saltwater lies roughly 100 kilometres southwest of Newman and consists of eight granted exploration licences covering 701 square kilometres.

It extends over a strike length of more than 65 kilometres across the Nanjilgardy fault, which is the same structure reported as the main source of gold mineralisation at Northern Star Resources' (NST) Paulsens and Mt Olympus gold mines.

Drilling contractor Ausdrill will undertake 5000 metres of reverse circulation (RC) drilling to target outcropping zones at the western area.

Work should take around 25 days, with results expected in late January 2021. They will be announced as they become available.

Aruma has received a program of works (PoW) approval for up to 20,000 metres of drilling at Saltwater and, subject to initial results, further drilling will be undertaken.

Additionally, the company's new Exploration Manager, Mark Styles, has arrived on site.

Mark has nearly 30 years' experience in mining and exploration and has worked across Australia, Tanzania, Canada, and Saudi Arabia.

Aruma is steady on the market and shares have been trading at 0.7 cents since November 20.

AAJ by the numbers
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