Aruma Resources (ASX:AAJ) is planning to use diamond core drilling to better understand the ‘high-grade’ gold recently intersected at its Salmon Gums Project in Western Australia.
This drilling work is set to begin in September.
At the Australian Gold Conference 2023 in Sydney, the $8.04 million market capitalisation company’s presentation highlighted the ‘bonanza’-grade gold intersected (5m @ 50.2g/t Au from 42m) from the project area, as previously announced by Aruma in July.
All up, the company has completed 11,609m of drilling in 116 holes to date at Salmon Gums. This includes 44 reverse circulation (RC) holes drilled for 5,366m over 2023 to follow up on the ‘bonanza’ gold intersections and extend gold mineralised zones at the Iris and Thistle prospects
Core drilling at the project has expanded the area of interest to a 3.5km-wide interpreted greenstone in 3+ stratigraphic zones.
Meanwhile, at the Mt Deans Lithium Project, initial metallurgical testwork is currently underway.
The company says the testwork aims to capture lithium and other potentially ‘valuable’ accessory minerals.
This news comes after previously undertaken drilling at Mt Deans identified up to 15m thick pegmatites.
Aruma Resources is a junior explorer that wholly owns 4 ‘highly prospective’ exploration projects in ‘major’ active Australian provinces. These assets include the Salmon Gums, Saltwater, Melrose, and Carter Well gold 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