Total
0
Shares
Aruma Resources (ASX:AAJ) - Managing Director, Peter Schwann - The Market Herald
Managing Director, Peter Schwann
Source: The Kalgoorlie Miner
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • After ticking off some requirements, Aruma Resources (AAJ) can now proceed to exploration programs at its Saltwater and Melrose gold projects in WA
  • The company has signed heritage and survey agreements with the Indigenous Land Use Agreement Claimant group — allowing it to conduct exploration at Saltwater
  • Work will include a detailed mapping program and a low-impact sampling program to define future drilling targets
  • Aruma has also expanded the Melrose gold project by adding a new exploration licence
  • This new addition covers 32 square kilometres and hosts multiple, strong geochemical anomalies which will be tested in upcoming exploration
  • Company shares are trading flat at 0.8 cents

Aruma Resources (AAJ) has provided an update on progress at its Saltwater and Melrose gold projects in the Pilbara region of Western Australia.

These projects cover a strike extent of more than 85 kilometres of the Nanjilgardy fault. This regional structure also hosts the main source of gold mineralisation at Northern Star Resources' (NST) Paulsens gold mine and the Mt Olympus gold mine

Saltwater

Pleasingly, the company has signed heritage and survey agreements with the Indigenous Land Use Agreement Claimant group.

Now that this has been signed, Aruma can proceed to exploration at the Saltwater project.

Exploration includes a detailed mapping program and a low-impact sampling program at target outcropping areas at a 60 square kilometre structure known as the Saltwater Ring Structure. This work will aim to identify the stratigraphic and alteration controls of previously identified mineralisation. Exploration will assist with defining future drilling targets.

Before drilling can begin, Aruma will apply for programs of work and seek other regulatory approvals. Drilling is planned to begin in the upcoming December quarter.

Melrose

Aruma has expanded the Melrose gold project by adding a new exploration licence, ELA08/3210. The new licence covers a 32 square kilometre area and hosts multiple, strong geochemical anomalies. It is located on the Paulsens structure and complements the Melrose project area.

Aruma plans to target the anomalies during a phase one exploration program at Melrose.

Company shares are trading flat at 0.8 cents at 11:17 am AEST.

AAJ by the numbers
More From The Market Herald
Austral Gold (ASX:AGD) sets terms for proposed buyout

" Babylon Pump and Power (ASX:BPP) completes Ausblast purchase

Babylon Pump and Power (BPP) has completed the purchase of Pilbara Trucks, which trades under the name Ausblast.
Apollo Consolidated (ASX:AOP) reports new assay results at Lake Rebecca

" Strategic Energy Resources (ASX:SER) highlights potential at East Tennant

Strategic Energy Resources (SER) has received results that have highlighted the mineral potential of its East Tennant Project in the Northern Territory.
Kula Gold (ASX:KGD) finds copper mineralisation at Brunswick

" Kula Gold (ASX:KGD) set to raise $930k for WA exploration

Kula Gold (KGD) has received firm commitments to undertake a $930,000 placement.
Highfield Resources (ASX:HFR) - CEO, Ignacio Salazar - The Market Herald

" Highfield Resources’ (ASX:HFR) Muga Mine endorsed by Govt. study

The Government of Navarra has released an independent study endorsing the impact of Highfield Resources’ (HFR) Muga Mine.