Aruma gears up for more drilling at Mt Deans

Aruma Resources (ASX:AAJ) is gearing up for a fresh round of drilling at its Mt Deans Lithium Project in Western Australia, with a program of work (PoW) sent off for approval.

The company is planning to complete a bout of diamond drilling in the project area to provide core for more detailed metallurgical testwork. Aruma, which has a $6.49 million market capitalisation, says its Conservation Management Plan for the project has been updated to align with the addition of diamond drilling. 

It comes as Aruma awaits assays from a 7-hole diamond drilling program at its Salmon Gold Gums Project and amid an ongoing soil sampling program at its Saltwater Project, both of which also lie in WA. 

Aruma dedicated its September quarter to advancing various exploration activities across its portfolio of gold, lithium and multi-commodity projects, according to its latest quarterly report released today (23 October 2023).

The company says the 7-hole program at Salmon Gums was designed to follow up previous ‘high-grade’ gold results, including 5m @ 50.2 grams per tonne (g/t) from 42m in hole SGRC039, as ​reported in September.

The assessment of the drill core indicated that drilling intersected a targeted structure that hosts the previous ‘high-grade’ gold intersection and that targeted mineralisation was encountered in 6 of the 7 holes. 

Drilling at Salmon Gums indicates the presence of a ‘significant’ pyrrhotite-pyrite-arsenopyrite-bearing quartz vein, which aligns closely with the characteristics of Norseman-style gold mineralisation. 

Aruma reports it will move forward with evaluating and modelling the available data from drilling programs in conjunction with other geological data to refine plans for further drilling designed to extend the project’s ‘high-grade’ mineralised footprint once assays are returned.  

At the Mt Deans Lithium Project, Aruma continued to progress its plans and assess opportunities to unlock the value of this ‘potentially significant’ asset. 

The project lies within the lithium corridor in southeast Western Australia, which Aruma says is host to multiple ‘significant’ hard-rock lithium projects. 

As for Saltwater, Aruma says its systematic soil sampling program so far has returned ‘significant’ rare earth element (REE) and cobalt mineralisation, as announced in July.

Key results included sample AR12232 with 1,158 parts per million (ppm) total rare earth oxide (TREO), 25% neodymium-praseodymium (NdPr)/TREO, and 21% heavy rare earth oxide (HREO)/TREO; and sample AR12291 with 1,022ppm TREO, 25% NdPr/TREO, and 27% HREO/TREO. 

The company has also identified outcropping ‘high-grade’ polymetallic samples and sandstone-hosted vanadium and uranium surface anomalies. Further, anomalous iron-lead-zinc-arsenic demonstrates the potential for Volcanic Massive Sulphide (VMS)-style mineralisation at the project.  

The company says 30% of the project area has been covered to date and that results received so far exceed its initial projections and reinforce the project’s status as a potentially ‘significant, district-scale, and resource-abundant’ project. 

Aruma closed the September quarter in a ‘sound’ financial position, with $2.79 million in the bank. The company also announced the departure of founding Managing Director and longstanding director Peter Schwann. 

Aruma Resources is an ASX-listed multi-commodity explorer focused on the exploration and development of a portfolio of prospective gold and lithium projects in Western Australia.

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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.