ASX-listed minerals exploration company Aruma Resources (ASX:AAJ) reports it has uncovered anomalous gold mineralisation following a maiden drilling program at its Melrose Gold Project in Western Australia’s Pilbara region.
The results, generated by 48 drillholes for 4,784m of reverse circulation (RC) drilling, have identified gold mineralisation hosted within an oxidised shale, as well as anomalies on an east-west structural target at the Gossan Hill Prospect.
Results also confirm that the low-grade mineralised host is in contact with the coarse greywacke, a fine siliceous sulphidic siltstone.
It is reported that drilling targeted the Gossan Hill prospect, which is located 5km from the Paulsens Gold Mine, which was acquired by Black Cat Syndicate (ASX:BC8) from Northern Star Resources (ASX:NST).
The company also notes that the contact investigated in its drilling is on a shale-dolomite contact which shares similarities to the Mt Olympus and Paulsens gold projects in the region.
Aruma has expanded the Melrose project area through the award of the balloted exploration licence E08/3499
In addition, Aruma announces it has expanded the Melrose project area through the award of the balloted exploration licence E08/3499, which comprises 7 blocks over a 20km-square area.
This tenement is host to the Mt McGrath Gold Project and is reported to contain gold in veins, close contact of the Wyloo Group Mt McGrath Formation pelites and Hamersley Marra Mamba Iron Formation cherts.
Meanwhile, the company advises it has also received an R&D tax incentive refund of about $830,677 (before costs) for the 2020-21 year. This amount represents 43% of allowable research carried out by the company using its recently registered “Mineralisation Model Incorporating Volcanic Ash Sequences” research project.
Aruma Resources is an active and focused junior exploration company that is currently focused on the exploration and development of its 3 wholly owned gold projects, the Saltwater and Melrose projects in Western Australia’s Pilbara region, as well as the Salmon Gums Project in southeast Western Australia.
The Melrose project is located 105 km south of the mining town of Pannawonica, which is situated on the border of the Ashburton and West Pilbara Mineral Fields. Melrose is reportedly situated on the same regional structure that is believed to be the main source of gold mineralisation at the Paulsens and Mt Olympus Gold Mines.
With the maiden RC drilling program at the Melrose project now complete, Aruma Resources announces it plans to undertake a mapping program and chip sampling program on historic geophysics as a next phase of exploration at the project.
Images: Aruma Resources Ltd
