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ARUMA RESOURCES LIMITED - Corporate Spotlight

Aruma Resources Limited (ASX: AAJ) is an ASX-listed minerals exploration company... Aruma Resources Limited (ASX: AAJ) is an ASX-listed minerals exploration company currently focused on the exploration and development of a portfolio of prospective gold projects in the Eastern Goldfields of Western Australia. The Company’s asset portfolio also includes the Mt Deans Lithium Project in the Eastern Goldfields.More

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Corporate Spotlight

Aruma Resources Limited (ASX: AAJ) is an ASX-listed minerals exploration company currently focused on the exploration and development of a portfolio of prospective gold projects in the Eastern Goldfields of Western Australia.
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Investor Updates and Company Overview - September

VIDEOS

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investor Updates and Aruma Res. Company Overview with Peter Schwann - September 2020


AAJ HIGHLIGHTS ANOMALOUS GOLD AT MELROSE

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Aruma Resources (ASX:AAJ) highlights anomalous gold at Melrose

Mining

ASX:AAJ  
Aruma Resources (ASX:AAJ) - Managing Director, Peter Schwann - The Market Herald
Managing Director, Peter Schwann
Source: The Kalgoorlie Miner


  • Aruma Resources (AAJ) has identified further highly anomalous gold mineralisation at its Melrose Gold Project in the Pilbara region of WA
  • The mineralisation was found at two new exploration licence applications, which make up 19 square kilometres across the project's entire 185 square kilometre area
  • One of the licence areas hosts quartz veins grading up to 1.74 grams per tonne gold and the other has rock chip assays of up to 0.36 grams per tonne gold
  • Strategically, the gold anomalies lie on the same structure as Northern Star's Belvedere prospect
  • Aruma is now conducting mapping and other studies to define further alteration and mineralisation
  • Company shares are up a healthy 16.7 per cent and are trading for 0.7 cents

Aruma Resources (AAJ) has identified further highly anomalous gold mineralisation at its Melrose Gold Project in the Pilbara region of Western Australia.


The Melrose Gold Project comprises seven exploration licence applications and covers a total area of 185 square kilometres. It is interpreted to span a strike length of over 22 kilometres of the highly significant Nanjilgardy fault.


This is the same regional structure reported as the main source of gold mineralisation at Northern Star Resources' (NST) Paulsens Gold Mine and the Mt Olympus Gold Mine.


The mineralisation was found at two new exploration licence applications (ELA47/4414 and ELA08/3244). These cover a combined 19 square kilometres across the Melrose Project.


Historically, they have delivered highly anomalous gold samples of up to 1.74g/t in quartz veins as well as rock chips assays grading up to 0.36g/t gold.


Strategically, the gold anomalies lie on the same structure as Northern Star's Belvedere prospect.


Aruma believes the quartz veins may be associated with adjacent lode-style gold mineralisation and the company plans to utilise these veins to identify any lode systems.


The company has now begun a HyVista multispectral mineral mapping and Radar conductivity study, as well as an Aster Thermal mineral mapping program over an 80 square kilometre area within the Melrose Project.


Aruma hopes these activities will also help target gold-forming alteration and mineralisation at its other project areas.


Company shares are up a healthy 16.7 per cent and are trading for 0.7 cents at 11:16 am AEST.


Read the full article on The Market Herald here: https://themarketherald.com.au/aruma-resources-asxaaj-highlights-anomalous-gold-at-melrose-2020-08-26/

ABOUT ARUMA RESOURCES

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ABOUT ARUMA RESOURCES

Visit Aruma Resources Website Here


” INCREASING SHAREHOLDER VALUE THROUGH THE APPLICATION OF MODERN EXPLORATION AND ADVANCEMENT.”


Aruma Resources Limited (ASX: AAJ) is an ASX-listed minerals exploration company currently focused on the exploration and development of a portfolio of prospective gold projects in the Eastern Goldfields of Western Australia. The Company’s asset portfolio also includes the Mt Deans Lithium Project in the Eastern Goldfields.


Aruma aims to deliver value for shareholders by deploying a research-driven exploration approach in order to deliver new discoveries across its project portfolio.


Research Driven Exploration 

Aruma has been tuning a proven genetic gold model for West Australian greenstone hosted gold deposits developed by its MD over the last 30 years in worldwide and Australian locations. 


The use of this model has been tuned using the latest advances in remote sensing and geometallurgy and has been used by Aruma to recover some $4M in R and D tax offsets from $9M exploration in nine years.


Aruma has been successful in obtaining Exploration Incentive Scheme funding for deep diamond holes at several locations. The use of new Airborne Electromagnetic (AEM) technology has defined multiple new gold targets that have just been drill tested at Slate Dam and Beowulf gold projects.


Aruma aims to use recent developments in exploration science to aid the company with the pursuit for gold deposits in the Goldfields, in both undercover and undiscovered greenstone belts.



EXPLORING AND DEVELOPING AUSTRALIAN RESOURCE PROJECTS

Aruma Resources Limited was listed on the Australian Stock Exchange in 2010, with the central rationale to increase shareholder value through the application of modern exploration advancements to develop gold resource projects through to production.


The Company has pegged and evaluated various tenement packages in different commodities but is now focused on gold, specifically within the Western Australian Gold Provinces. 


The Company is actively reviewing growth opportunities to augment the asset portfolio.

The focus of developing these gold projects has led the Company to joint venture, sell and relinquish projects ensuring a steady flow of opportunities with a significant return of exploration costs recouped through R&D tax incentives.


PERTH OFFICE


  • Level 1, 6 Thelma Street, West Perth, Western Australia 6005


  • +61 8 9321 0177

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