| Announcement Date: | 2023-10-18 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | JORC |
| Company name: | Aruma Resources Ltd. |
| Project name: | Saltwater |
| Location: | Australia |
| Commodities: | Silver,Copper,Cobalt,Manganese,Barium |
| Highlight: | 57% Fe, 0.42% As and 0.27% Zn results from AR14009 |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Aruma Resources Limited (ASX: AAJ) (Aruma or the Company) is pleased to announce initial assay results from 37 holes of the 40 hole 4,518m maiden reverse circulation (RC) drilling program at the Saltwater Gold Project, in the Pilbara region of Western Australia. The Company’s maiden drilling program at Saltwater focused on outcropping areas on the western end of the Saltwater Ring Structure, a large 60km2 magnetic ring structure that sits within E52/3818 at Saltwater, as shown in Figure 1. Drilling was conducted over four short, closer-spaced lines (shown in Figure 2) which targeted the anomalous western area of the Saltwater Ring Structure. The program also comprised wider-spaced (regional) longer lines, to the east, which targeted the covered ring structure/splay. Nine holes totaling 900m, in two lines of drilling, were completed in this area, as shown in Figure 2. |
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