1. Most Discussed
  2. Gainers & Losers
AAJ 1.3¢

ARUMA RESOURCES LIMITED

Refresh
3,952 posts · 5,570 Monthly Visits *

SULPHIDES INTERSECTED IN FIRST HOLE OF PHASE 3 DRILLING AT SLATE DAM GOLD PROJECT

ASX Announcement 12 June 2018 


HIGHLIGHTS 

  • Aruma has intersected strong zones of sulphide-carbonate alteration over a 26m zone in the first hole (SDRC64) of its Phase 3 drilling at Slate Dam 
  • The sulphide-carbonate alteration – present as pyrite-ankerite – is a strong indicator gold mineralisation and demonstrates the sediment hosted mineralising system at Slate Dam 
  • Pyrite also identified in a further 7 holes in the current program 
  • SDRC64 is situated in the northern drill-defined shoot at Slate Dam adjacent to a high grade 16.6g/t Au rock chip sample 
  • Aruma’s Phase 3 drilling comprises 25 RC holes for 3,000m and is designed to expand the Slate Dam gold mineralised system and test for repetitions of mineralisation to the east and west 
  • Program expected to be completed this month and results to be released when available – first assays sent for laboratory analysis

Aruma Resources Limited (ASX: AAJ) is pleased to announce that it has intersected sulphide mineralisation in the first hole of its Phase 3 drilling program currently underway at the Company’s 100%- owned Slate Dam Gold Project in the Eastern Goldfields of Western Australia.

The Company is undertaking a reverse circulation (RC) drilling program of approximately 3,000 metres across a total of 25 holes (with planned drilling depths of up to 150 metres). Drilling is designed to further expand the Slate Dam gold mineralised system, and to test for repetitions of mineralisation to the east and west of the current drill defined area.

Aruma advises that it has completed 1,894 metres of drilling in 16 holes in the current program to date. Drilling has delivered highly encouraging initial observations with significant sulphidecarbonate alteration, in the form of pyrite-ankerite, intersected over 26 metre zone in the first hole (SDRC64) - and pyrite has also been identified in a further seven of the sixteen completed holes to date.

SDRC64 is situated in the northern drill-defined shoot discovered in Aruma’s Phase 1 drilling program, adjacent to a very high grade rock chip sample of 16.6g/t gold returned from the Company’s geochemical rock chip sampling program completed in December 2017 (ASX announcement, 15 February 2018).

Sulphides with carbonates represent a key indicator of the presence of gold mineralisation style alteration. The sulphide-carbonate alteration encountered in hole SDRC64 is significant as it was present in previous holes which intersected the mineralised system at Slate Dam, which is situated within the major high tenor (>200ppb gold) gold anomaly defined over an area of 7km2.

The current phase of drilling is expected to be completed in June, and the first batch assays have already been sent for laboratory analysis. The results will be released as they become available.

Click here to view the full announcement 



ARUMA COMMENCES NEXT PHASE OF DRILLING AT SLATE DAM GOLD PROJECT

ASX Announcement 1 June 2018

HIGHLIGHTS 

  • 3rd Phase 25 hole – 3,000m RC drilling program to commence at Slate Dam Gold Project 
  • Drilling to follow up successful previous drilling and further expand the gold mineralised system at Slate Dam 
  • Program to include: 
    • 8 holes to target gold extensions to the north of current drill defined area 
    • 6 holes to target gold extensions to the south of the new S2 gold shoot discovered in Phase 2 drilling
    • 9 holes to seek repetitions of Slate Dam mineralised system to the east of the current drill defined area; and 
    • 2 holes to seek repetitions of Slate Dam mineralised system to the west of the current drill defined area near shafts. 
  • Program expected to be completed in June and results to be released when available 
  • Company is utilising targeted exploration programs to discover new large scale sediment-hosted gold deposits at Slate Dam

Aruma Resources Limited (ASX: AAJ) is pleased to announce that the third phase of drilling at the Company’s 100%-owned Slate Dam Gold Project in the Eastern Goldfields of Western Australia will commence today, Friday 1 June 2018.

The Company plans to complete approximately 3,000 metres of reverse circulation (RC) drilling across a total of 25 holes in this phase of drilling, with planned drilling depths of up to 150 metres.

Drilling is expected to be completed in mid-June with results to be released as they become available.

The program will target priority areas to the north and south of the currently drill defined shoots at Slate Dam, and is designed to extend the Slate Dam gold mineralised system. Drilling will also seek to identify repetitions of the mineralised system to the east and to the west of the current drill defined area.

Specifically the program will include:

  • Eight holes to target gold extensions to the north of current drill defined area; 
  • Six holes to target gold extensions to the south of the new S2 gold shoot discovered in Phase 2 drilling; 
  • Nine holes to seek repetitions of Slate Dam mineralised system to the east of the current drill defined area; and 
  • Two holes to seek repetitions of Slate Dam mineralised system to the west of the current drill defined area.

Click here to view the full announcement 

ARUMA CONTINUES TO EXPAND SLATE DAM GOLD SYSTEM – INTERSECTION OF 18.1g/t Au

ASX Announcement 29 May 2018 


HIGHLIGHTS 

  • 2nd Phase drill program at Slate Dam Gold Project in WA’s Eastern Goldfields has significantly extended the Project’s gold mineralised footprint 
  • Stratabound gold mineralisation now confirmed over a total distance of at least 4km in the original anomaly 
  • >50% of holes in 23 hole-2,778m RC program intersected gold mineralisation including multiple zones of thick mineralisation 
  • Highlight results include; o 1m @ 18.1g/t from surface in hole SDRC48 o 11m @ 1.05g/t from 27m in hole SDRC53; including o 4m @ 1.48g/t from 33m
  • Drilling has continued to strengthen the exploration model for Slate Dam to host significant sediment-hosted gold deposits 
  • Next phase of drilling to commence in June - ~25 RC holes for 3,000m targeting extensions to the mineralised system and repetitions to the east

Aruma Resources Limited (ASX: AAJ) is pleased to announce the results of its Phase 2 drilling program at the Company’s 100%- owned Slate Dam Gold Project in WA’s Eastern Goldfields.

Aruma completed 23 holes of reverse circulation (RC) drilling for a total of 2,778 metres in this phase of drilling. The program was successful in expanding the footprint of the gold mineralised system at the Slate Dam Project, and also in confirming the significant sediment hosted gold mineralised shoots delineated in the Phase 1 drilling.

All assay results have now been received and have returned multiple intersections of anomalous gold mineralisation, with more than 50% of completed holes (12 of 23 holes) intersecting gold mineralisation. Significant intersections include;

  • 1m @ 18.1g/t from surface in hole SDRC48 
  • 11m @ 1.05g/t from 27m in hole SDRC53 
  • Including 4m @ 1.48g/t from 33m; and 
  • 5m @ 0.847g/t from 45m in hole SDRC53 

Plus, zones of thick mineralisation intercepted included 

  • 20m @ 0.36g/t from 24m in hole SDRC50

The last result in Table 2, hole SDRC50, was from the southern-most line of drilling and is significant as it confirms and extends the presence of stratabound gold mineralisation now extending over a total distance of at least 4 kilometres (seen Figure 1).

The thicknesses of mineralisation intersected is also of key importance, with three intersections of 10m or more – including 11m @ 1.05g/t Au in the main shoot (see Table 2) and 20m @ 0.36g/t Au in the south-east extension of the drilled area (as shown in Figure 1).

The high grade result in hole SDRC48 was intersected in surface soil and outcrop material and can be considered a very strong soil sample, to be followed up in the next round of drilling. See Table 1 for significant assays (of more than 1.0g/t Au) and Table 2 for significant widths of intersected mineralisation (of 5 or more metres).

The results from the Phase 2 drill program, in conjunction with results of Aruma’s first phase drilling and historic drill results from the Project, continue to strengthen the exploration model for Slate Dam to host significant sediment-hosted gold deposits.

Aruma managing director Peter Schwann said; 

“We continue to be encouraged by the results from our two drilling programs to date at Slate Dam. To take the Project from concept to validation, and increase its potential to host significant sediment-hosted gold deposits with our first two drill programs completed in the space of just six months, is highly positive for the Company and shareholders. Drilling has continued to intersect gold mineralisation over a significant portion of our initial target area, and we will now immediately seek to pursue extensions and repetitions, plus higher grade zones, in our next phase of drilling. The appraisal of the full 250km2 Slate Dam Project area will also be evaluated by geophysical methods successfully used in similar project areas."


Click here to view the full announcement 

This is a paid advertisement. HotCopper does not endorse, approve or take responsibility for the statements made.
Forum
Stock Code
SubjectView as
Poster
Views
Rating
Date
    ×
    Australia's leading analysts are standing by.
    Ask any question FREE on any ASX listed company, we will answer your question by next business day and give you share recommendations from our Award-Winning team, FREE for 21 days
  1. Sponsored
  2. 94
    17:0017:00
  3. 94
    1
    15:5215:52
  4. 9,153
    1
    15:3715:37
  5. 9,153
    2
    15:2615:26
  6. 9,153
    3
    10:2910:29
  7. 9,153
    4
    07:4707:47
  8. 9,153
    2
    02:2002:20
  9. 9,153
    5
    01:0301:03
  10. 9,153
    1
    20/06/1820/06
  11. 9,153
    5
    20/06/1820/06
  12. 9,153
    1
    20/06/1820/06
  13. 9,153
    5
    20/06/1820/06
  14. 9,153
    3
    19/06/1819/06
  15. 9,153
    3
    19/06/1819/06
  16. 9,153
    2
    19/06/1819/06
  17. 9,153
    3
    19/06/1819/06
  18. 9,153
    5
    19/06/1819/06
  19. 9,153
    3
    19/06/1819/06
  20. 9,153
    3
    19/06/1819/06
  21. 9,153
    1
    19/06/1819/06
  22. 9,153
    7
    19/06/1819/06
  23. 9,153
    4
    19/06/1819/06
  24. 9,153
    2
    18/06/1818/06
  25. 9,153
    8
    18/06/1818/06
  26. 9,153
    4
    18/06/1818/06
  27. 9,153
    1
    18/06/1818/06
  28. 9,153
    18/06/1818/06
  29. 9,153
    2
    18/06/1818/06
  30. 9,153
    6
    18/06/1818/06
  31. 9,153
    5
    18/06/1818/06
  32. 9,153
    18/06/1818/06
  33. 9,153
    3
    18/06/1818/06
  34. 9,153
    3
    17/06/1817/06
  35. 9,153
    1
    17/06/1817/06
  36. 9,153
    1
    17/06/1817/06
  37. 9,153
    4
    17/06/1817/06
  38. 9,153
    4
    15/06/1815/06
  39. 9,153
    3
    15/06/1815/06
  40. 9,153
    3
    15/06/1815/06
  41. 9,153
    2
    15/06/1815/06
  42. 9,153
    2
    15/06/1815/06
  43. 9,153
    3
    15/06/1815/06
  44. 9,153
    3
    15/06/1815/06
  45. 9,153
    3
    15/06/1815/06
  46. 9,153
    5
    15/06/1815/06
  47. 9,153
    10
    14/06/1814/06
  48. 9,153
    9
    14/06/1814/06
  49. 9,153
    4
    14/06/1814/06
  50. 9,153
    4
    14/06/1814/06
  51. 9,153
    6
    14/06/1814/06
  52. 9,153
    2
    13/06/1813/06
  53. 9,153
    13/06/1813/06
  54. 9,153
    1
    13/06/1813/06
  55. 9,153
    2
    13/06/1813/06
  56. 9,153
    6
    12/06/1812/06
  57. 9,153
    5
    12/06/1812/06
  58. 9,153
    6
    12/06/1812/06
  59. 9,153
    2
    12/06/1812/06
  60. 9,153
    8
    12/06/1812/06
  61. 132
    2
    12/06/1812/06
  62. 9,153
    11
    12/06/1812/06
  63. 9,153
    13
    12/06/1812/06
  64. 4,496
    6
    08/06/1808/06
  65. 4,496
    7
    06/06/1806/06
  66. 205
    2
    06/06/1806/06
  67. 326
    7
    06/06/1806/06
  68. 4,496
    05/06/1805/06
  69. 4,496
    1
    05/06/1805/06
  70. 4,496
    3
    05/06/1805/06
  71. 4,496
    3
    05/06/1805/06
  72. 4,496
    05/06/1805/06
  73. 4,496
    2
    05/06/1805/06
  74. 4,496
    3
    04/06/1804/06
  75. 4,496
    5
    04/06/1804/06
  76. 4,496
    04/06/1804/06
  77. 4,496
    3
    04/06/1804/06
  78. 4,496
    5
    04/06/1804/06
  79. 4,496
    6
    04/06/1804/06
  80. 4,496
    6
    01/06/1801/06
  81. 236
    3
    01/06/1801/06
  82. 9,170
    2
    01/06/1801/06
  83. 9,170
    2
    01/06/1801/06
  84. 4,496
    8
    01/06/1801/06
  85. 4,496
    9
    01/06/1801/06
  86. 9,170
    2
    01/06/1801/06
  87. 9,170
    2
    01/06/1801/06
  88. 4,496
    2
    01/06/1801/06
  89. 9,170
    3
    01/06/1801/06
  90. 9,170
    2
    01/06/1801/06
  91. 9,170
    1
    01/06/1801/06
  92. 9,170
    3
    01/06/1801/06
  93. 9,170
    2
    01/06/1801/06
  94. 9,170
    8
    01/06/1801/06
  95. 9,170
    2
    01/06/1801/06
  96. 4,496
    8
    01/06/1801/06
  97. 9,170
    5
    01/06/1801/06
  98. 4,496
    6
    01/06/1801/06
  99. 9,170
    1
    01/06/1801/06
  100. 9,170
    1
    01/06/1801/06
  101. 18,239
    2
    31/05/1831/05
Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.