Aruma readies for 2024 Salmon Gums extensional drilling

Aruma Resources (ASX:AAJ) is moving forward with geological modelling to determine the best strategy for upcoming extensional drilling in Q1 2024 at its Salmon Gums Gold Project in Western Australia. 

The $7.28 million market capitalisation company says its planned early 2024 drilling is designed to extend a ‘high-grade’ mineralised zone at Salmon Gums after identifying further ‘high-grade’ gold from a 7-hole diamond core drilling program. 

Aruma will follow up and extend previous ‘bonanza-grade’ gold intersections at the Thistle prospect. All assays have been posted, with gold mineralisation intersected in 6 of the 7 holes. 

The company notes drilling also intersected and extended a ‘very high-grade’ structure and provided the company with a complete understanding of the controlling geology. 

Aruma confirms this information will be utilised by its technical team to define the next phase of fieldwork and drilling.

Key results from the latest phase of drilling at Salmon Gums include hole SG23DD007 with 5.9m @ 10.5 grams per tonne (g/t) Au from 38.4m including 2.6m @ 9.85g/t Au from 38.4m and 0.85m @ 40.9g/t Au from 43.4m. 

The company states that the results reinforce the Thistle prospect’s potential as a ‘high-grade’ gold deposit within an underexplored area of Western Australia’s goldfields.  

Aruma Resources Managing Director Glenn Grayson says these ‘exceptional’ results validate the company’s exploration approach at Salmon Gums.

Norseman-style mineralisation is structurally controlled and can be incredibly high-grade, and this is exactly what we are seeing at Salmon Gums, with our drilling programs continuing to deliver very high-grade gold results, which extend the high-grade mineralised zone at the project. 

“Norseman-style mineralisation is structurally controlled and can be incredibly high-grade, and this is exactly what we are seeing at Salmon Gums”

Controls on this style of mineralisation are tight, making the combination of structure within the right lithology the key to exploration success. We will now commence planning for our next phase of drilling, to further unlock the project’s value.”

Aruma Resources is a minerals explorer focused on exploring and developing a portfolio of prospective gold, lithium, and rare earth element (REE) projects in ‘major’ active mineralised belts in Western Australia. 

The company’s wholly owned Salmon Gums Project sits 200km south of the township of Kalgoorlie and comprises 2 exploration licences and one application covering a total landholding of 360km-square. 

As of 30 September 2023, Aruma Resources had $2.791 million cash and cash equivalents at hand, according to its latest quarterly report.

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Images: Aruma Resources
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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.