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Aruma Resources extends gold mineralisation at Eastern Goldfields projects

Published: 15:00 05 Jul 2013 AEST

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Aruma Resources (ASX:AAJ) has extended gold mineralisation at its Steves prospect at the Glandore project in Western Australia with new intersections including 2 metres at 3.5g/t and 2 metres at 2.55g/t.

A 12 hole reverse circulation drilling at its Gindalbie also hit widespread mineralisation including 4 intersections at Lady Lauren prospect returning greater than 1g/t gold.

With strong gold mineralisation at its Glandore and Gindalbie projects that are located in the gold-prone Eastern Goldfields area of WA, Aruma's focus in the next 6 months will be on compilation and analysis of drilling data gathered in the last year.

Drilling at Lady Lauren was done as a follow up to a 25.84g/t assay result from rock chip sampling and visible gold, while drilling at Glandore involved 17 RC holes and follows earlier intercepts of 5 metres at 4.3g/t assayed previously with the intersections open to the north and south. 

Aruma remains well capitalised for the upcoming exploration year with a cash of $3.2 million at the end of 30 June, 2013 after it received R&D tax refund of $310,000.

Its future work program includes more regional soil sampling at Lady Lauren, while it will undertake RC drilling for up to 1,000 metres at Jundee South during the first quarter of the new fiscal year.


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