Aruma Resources (ASX:AAJ) has begun the next phase of drilling at its wholly owned Salmon Gums Gold Project in Western Australia.
The $7.08 million market capitalisation company says the drilling is designed to follow up on and extend ‘bonanza-grade’ gold intersected during Aruma’s 2022 drilling campaign. These intersections include drillhole SCRC039 with 5m @ 50.2g/t Au from 42m, alongside grades of up to 224g/t Au.
Drilling contractor Topdrill will be carrying out the program, which comprises 7 diamond core holes.
Aruma says the ‘high-grade’ intersection in drillhole SCRC039 will be twinned and also drilled back across sections in the current program, with multiple holes to be drilled from each drill pad.
An additional hole will be drilled north to south, which will test for flat lodes typical of Norseman-style mineralisation.
The drilling is expected to be completed this month, and the laboratory results will be released once made available.
The company notes that the results of the program will be used in drill planning for future extensional drilling around this ‘exceptionally high-grade’ gold zone at Salmon Gums.
The Salmon Gums Gold Project covers an area of 360km-square and is located 200km south of the major regional centre of Kalgoorlie in the Eastern Goldfields region of Western Australia.
Aruma Resources is a minerals exploration company focused on the exploration and development of a portfolio of prospective gold, lithium, and rare earth elements (REE) projects. As of 30 June 2023, the company had $3.23 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Aruma Resources