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Aruma Resources targets gold system at Slate Dam

Aruma has recommenced a 5000 metre drilling program at its Slate Dam Gold Project.
Geological model of Slate Dam Gold Project
Claims of 2 million ounce Invincible Deposit style shales at Slate Dam Gold Project

Aruma Resources Ltd (ASX:AAJ) has recommenced drilling at its Slate Dam Gold Project located near Kalgoorlie in Western Australia.

A total of 974 metres was drilled in December, and the results from these activities are expected in January/February.

This is part of a more comprehensive 5000 metre reverse circulation drilling program targeting proven mineralisation.

Historical data useful but incomplete

The initial project evaluation used historical data which defined a bottom-of-hole geochemical gold anomaly of considerable size over a small part of the Slate Dam prospect.

Aruma is of the view that all the geological requirements for a gold system are in place, but they are masked due to Lake Yindarlgooda covering the anomaly.

The substantial gold anomaly was delineated in past exploration activity, but inadequately drill tested.

Previously to find gold intercepts to be tested

In targeting this anomaly, Aruma will also test the basement which has previous drilling defined gold intercepts that were not followed up.

The prospective shales are reported by Aruma to have many similarities to the Invincible Deposit at Kambalda which hosts 2 million ounces of gold at grades of more than 4 g/t.

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Aruma Resources Timeline

Newswire
September 27 2016

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