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ARUMA RESOURCES LIMITED — Capital/Financing Update 2013
Jan 7, 2013
64273_rns_2013-01-07_89325e5a-db7c-4a8f-9ec6-685ba7969290.pdf
Capital/Financing Update
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ABN 77 141 335 364 ASX: AAJ
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Aruma Resources Limited
ASX ANNOUNCEMENT 8 January 2013
EXPLORATION UPDATE
Highlights
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Resplits at Jundee South confirm 400m by 100m mineralised area
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2500m of RC Drilling at Jundee South scheduled for 1 [st] quarter 2013
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HyMap and Historical Data define 1.5km long target at Jundee South
Western Australian gold explorer, Aruma Resources Limited (ASX: AAJ) has three advanced projects, Jundee South , Glandore , and Gindalbie . The current exploration program has been designed to prioritise scheduled drilling of defined targets to advance to resources. (See Figure 4 at the end of this announcement for Project Locations.)
The culmination of two years scientific study at Glandore will also see the RC drilling of the two western Fluid Flow Targets in early 2013. As indicated previously, results from Jundee South will require RC drilling to define a JORC compliant Resource.
PROGRESS REPORT
Jundee South Project
The Jundee South Project (E52/1461) is located 60km east of Wiluna and 25km south of the Jundee Mine. The 2011‐2012 RAB programs consisted of 2,562 m of RAB in 75 vertical drill holes following up previously identified soil anomalies that had not been drilled. One soil sample result produced a 16.5g/t Au value in the area near the current Western Area of mineralisation (Normandy Mining Limited, 1992).
The West North West trending lineaments can be seen in Figure 1 and reflect the structures that control the mineralisation at the nearby Gourdis and Vause Deposits. The complete tenement area has been evaluated again using geochemistry, structure and the Hymap/Magnetics in light of this discovery. The focus in the short term will be to investigate bedrock mineralisation at the Western Area to evaluate the thick and high grade mineralisation reported previously.
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T+61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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ASX ANNOUNCEMENT 8 January 2013
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EXPLORATION UPDATE
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Figure 1 Drilling Plan on Geology with Figure 2 area (Enlargement) shown In red rectangle
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T+61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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ASX ANNOUNCEMENT 8 January 2013
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EXPLORATION UPDATE
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Figure 2
Drilling location plan with Geochem and Drilling anomalies
and the RC target area as a blue ellipse.
Results from resplits of October Drilling
The results of the resplits are listed below in Tables 1 and 2.
| Hole | Easting | Northing | From | To | Interval | **Average ** |
|---|---|---|---|---|---|---|
| JSR50 | 272881 | 7065021 | 19 | 20 | 1 | 0.40 |
| JSR53 | 272801 | 7064942 | 5 | 12 | 7 | 0.56 |
| JSR59 | 272637 | 7065181 | 10 | 11 | 1 | 1.10 |
| JSR63 | 272884 | 7064926 | 10 | 28 | 18 | 0.26 |
| JSR63 | including | 19 | 26 | 7 | 0.48 | |
| JSR63 | 34 | 35 | 1 | 0.65 | ||
| JSR63 | 40 | 41 | 1 | 0.10 |
Table 1 Anomalous 1m Resplits of the October 2012 Drilling at Jundee South
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T+61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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ASX ANNOUNCEMENT 8 January 2013
EXPLORATION UPDATE
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| Hole | Easting | Northing | From | To | Au |
|---|---|---|---|---|---|
| JSR53 | 272801 | 7064942 | 10 | 11 | 1.23 |
| JSR53 | 272801 | 7064942 | 11 | 12 | 1.04 |
| JSR59 | 272637 | 7065181 | 10 | 11 | 1.1 |
| JSR63 | 272884 | 7064926 | 19 | 20 | 1.52 |
Note: All holes vertical and assays by Fire Assay 50g
Table 2 1m Resplits >1g/t of the October 2012 Drilling at Jundee South
The resplits have extended the mineralised Western Area at Jundee south to a defined 400 by 100m area, and this will be RC drilled in January 2013. They have also confirmed the thick nature of the mineralisation, and this together with the high grades encountered are considered encouraging.
This highly mineralised area is now some 400m by 100m (Blue Ellipse) within a 1500m long trend ready to be RC drilled now that the Programme of Work (PoW) has been approved.
The mineralisation is in weathered Mafic/ultramafic with minor quartz veins and sediments, and consists of clays and limonite/goethite and is very soft down to 50 metres depth.
The significance of the October drill results were that the mineralisation is now defined over a 400m by 100m zone and the high grade thick zones are located in a 40m wide by 100m long initial target. This is shown in Table 3 below.
| Hole | Easting | Northing | Total Interval(m) | Average g/t Au |
|---|---|---|---|---|
| JSR033 | 272960 | 7065040 | 17 | 1.87 |
| JSR034 | 272958 | 7064978 | 12 | 6.58 |
| JSR035 | 272960 | 7064941 | 10 | 1.53 |
| JSR037 | 273000 | 7064940 | 3 | 1.43 |
Note: All holes vertical and assays by Fire Assay 50g
Table 3 Thick and High grade Mineralisation in the RAB area
The Figure 3 below is the HyMap interpretation which shows a definite bend in the WNW regional trend which hosts the RAB mineralisation (yellow ellipse). The colours are defining the Goethite after Pyrite as RED with the Mica as GREEN and the alteration of Chlorite to Phengite by the Gold mineralising solution as BLUE.
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T+61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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ASX ANNOUNCEMENT 8 January 2013
EXPLORATION UPDATE
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The Lease area in the Northern part of E53/1461 is shown in yellow and the anomalies generated are easily seen to reflect mineralisation and structure.
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Figure 3 HyMap Figure showing the Northern area of E53/1461
and the RC target area in Yellow ellipse
There are now three types of targets at Jundee South Gold Project, namely:
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Resource targets in the RAB Anomaly area );
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Follow up targets under Drilling, HyMap and Geochemical anomalies ; and
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Regional HyMap and structural targets.
Glandore Project
The Glandore drilling will occur once the area has become accessible after the unseasonal rains in December.
Gindalbie
The exploration at the Gindalbie will be completed this year with a RAB and Geochemical orientation program over the Lady Lauren. The Lady Lauren has been defined by both rock chip samples and the reinterpretation of HyMap.
ENDS
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T+61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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ASX ANNOUNCEMENT 8 January 2013
EXPLORATION UPDATE
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For further information please contact:
Peter Schwann Managing Director Aruma Resources Limited Ph: +61 8 6389 1799 Mobile: +61 417 946 370 [email protected]
Media:
Annette Ellis Cannings Purple Ph: +61 8 6314 6300
Competent Person’s Statement
The information in this release that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Peter Schwann who is a Fellow of the Australasian Institute of Mining and Metallurgy and Chartered Professional (Geology). Mr Schwann is an employee of the Company.
Mr Schwann has sufficient relevant experience to qualify as a Competent Person as defined in the JORC Code (2004) and consents to the inclusion of this information in the form and context in which it appears.
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T+61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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ASX ANNOUNCEMENT 8 January 2013
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EXPLORATION UPDATE
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Figure 4: Aruma Resources’ Project Locations
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T+61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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