Total
0
Shares
Aruma Resources (ASX:AAJ) completes RC drilling at Saltwater
Source: Aruma Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Aruma Resources (AAJ) has been given the green light to begin drilling at the Salmon Gums Gold Project in WA
  • AAJ has completed land access agreements and its program of works has been approved by the Department of Mines, Industry Regulation and Safety
  • Next month, Aruma will begin a 3000-metre maiden drilling program at the project which has seen limited drilling but has known gold in-soil anomalies
  • AAJ has also been granted an additional exploration licence to the southwest of Salmon Gums and will seek land access agreements to begin exploration
  • On the market company shares closed down 3.3 per cent at 8.8 cents

Aruma Resources (AAJ) has been given the green light to begin drilling at the Salmon Gums Gold Project in Western Australia's Goldfields region.

The Western Australian Department of Mines, Industry Regulation and Safety approved the program of works for drilling at the E63/2037 exploration licence.

AAJ also completed 10 land access agreements with local landholders which relate to 68 square kilometres and include the main portion of the known gold in-soil anomalies which were historically drilled.

The company plans to conduct a 3000-metre maiden reverse circulation (RC) drilling program at the project which will include five lines of drilling with six holes in each line.

Formerly called the South Scotia Project, Salmon Gums is along strike of Pantoro's (PNR) Scotia gold discoveries and has seen limited gold-focused drilling. The limited drilling that has been completed generated soil anomalies coincident with the target area for the upcoming program.

Aruma is now preparing the site for the drilling program which it expects will begin in October, subject to drill rig availability.

In addition, the miner has been granted another exploration licence within the project area. E63/2122 covers a 20 square kilometre area to the southwest of the Salmon Gums Project. AAJ will now seek additional land access agreements to gain access to anomalous areas and commence exploration on the new licence.

On the market company shares closed down 3.3 per cent at 8.8 cents.

AAJ by the numbers
More From The Market Herald
Anglo Australian Resources (ASX:AAR) updates MRE at Mandilla

" Anglo Australian Resources (ASX:AAR) intersects broad mineralisation at Mandilla

Anglo Australian Resources (AAR) has received results from diamond drilling at its Mandilla Gold Project in Western Australia.
Krakatoa Resources (ASX:KTA) begins diamond drilling at Sugarloaf

" Krakatoa Resources (ASX:KTA) begins diamond drilling at Sugarloaf

Krakatoa Resources (KTA) has begun diamond drilling at the Sugarloaf Copper-Gold Porphyry target in Central NSW.
Alara Resources (ASX:AUQ) starts construction at Al Wash-hi Majaza Project

" Alara Resources (ASX:AUQ) starts construction at Al Wash-hi Majaza Project

Construction is underway at Alara Resources (AUQ) joint venture Al Wash-hi Majaza Copper-Gold Project in Oman with all required permits received.
New Talisman Gold Mines (ASX:NTL) in final stages of  Broken Hills purchase

" New Talisman Gold Mines (ASX:NTL) in final stages of Broken Hills purchase

New Talisman Gold Mines (NTL) has signed the final documents for the Broken Hills Gold Mine purchase.