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ARUMA RESOURCES LIMITED — Interim / Quarterly Report 2011
Jul 28, 2011
64273_rns_2011-07-28_9590c114-e6dd-48b6-bd19-1aab8a9497b2.pdf
Interim / Quarterly Report
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ABN 77 141 335 364 ASX: AAJ
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Aruma Resources Limited
ASX ANNOUNCEMENT 29 July 2011
QUARTERLY ACTIVITIES STATEMENT 30 JUNE 2011
HIGHLIGHTS
Glandore Project
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Mining Leases 25/327,329 and 330 granted
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Magnetics reinterpreted for Fluid Study
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Contracts signed for Fluid Study
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Mineralisation study by Corescan Pty Ltd underway on drilling samples
Glandore Hub Project
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Tenement Holding area now totals over 534 km[2 ] in a 60 km radius
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All leases on good geological structures
Laverton East Project
- Drilling started after rain delay
Regional Lease Acquisitions
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Leases now total over 750km[2]
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New leases applied for at Darlot North and East, Gindalbie and Patricia
Kurnalpi South Project
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Heritage Clearance completed at Steeple Hill
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Extra lease applied for near Steeple Hill on major structure
Patricia
- Lease along strike of Glengarry-Edjudina mines and under cover
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ 24 Colin Street, West Perth WA 6005, Australia I PO Box 2803, West Perth WA 6872, Australia T +61 8 9481 2425 I F +61 8 9481 1756 I W www.arumaresources.com
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ASX ANNOUNCEMENT 29 July 2011
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ACTIVITY REPORT TO THE ASX
FOR THE QUARTER ENDING 30 JUNE 2011
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Figure 1 Aruma’s Project areas in Western Australia’s Eastern Goldfields
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ 24 Colin Street, West Perth WA 6005, Australia I PO Box 2803, West Perth WA 6872, Australia T +61 8 9481 2425 I F +61 8 9481 1756 I W www.arumaresources.com
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ASX ANNOUNCEMENT 29 July 2011
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 30 JUNE 2011
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Executive Summary
Aruma has a clear strategy to systematically explore the gold mineralisation potential of a growing landholding in WA’s Eastern Goldfields with a view to developing a gold production hub centred around its flagship Glandore project.
The Company is continuing its tenure growth strategy in this proven and prolific gold address, and, during the quarter under review increased the hub-projects area to 534km[2] , encompassing prospective gold projects within a 60km radius of the Glandore Project.
In addition to the Glandore and Glandore Hub concepts, Aruma continues to amass and explore a number of satellite projects in the region, which exhibit typical gold-bearing structures and all of which are strategically located to the established infrastructure and established mining service centre of Kalgoorlie-Boulder. The total regional project landholding now totals leases over an area of some 750km[2] , with further lease applications made during the quarter.
During the quarter, Aruma completed a contractual agreement with CSIRO under the terms of which CSIRO will conduct a Fluid Study over Aruma’s Glandore Project.
The Fluid Study is of major import for Aruma, being a newer exploration target definition technology which, while equally effective as pattern drilling, is quicker and considerably more cost effective.
The Study is expected to be completed before year end to deliver advanced exploration targets under salt lake cover. Aruma is specifically targeting large scale mineralisation, which is typically only identified under cover, and in similar geological settings present in the Glandore landholding.
As a point of comparison, a pattern drilling programme over the same area would entail some 20,000m of drilling and associated assay analysis and interpretation, and would be considerably slower, more costly and more management intensive for the same results.
In other progress, Aruma completed Heritage Clearance at the Company’s Steeple Hill prospect at its Kurnalpi South Project, and submitted an additional lease application in the vicinity of Steeple Hill on a major geological structure.
First phase drilling is also underway at the Company’s Laverton East Project following some delays due to wet weather.
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ 24 Colin Street, West Perth WA 6005, Australia I PO Box 2803, West Perth WA 6872, Australia T +61 8 9481 2425 I F +61 8 9481 1756 I W www.arumaresources.com
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ASX ANNOUNCEMENT 29 July 2011
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 30 JUNE 2011
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Exploration Activities Glandore Leases
During the Quarter, Aruma announced that CSIRO will commence a Fluid Flow study at its flagship Glandore Project. The study will assist in identifying potential for the presence of a gold mineralised system using the data from the recent Gravity Survey, detailed magnetics, geochemical and structural modelling and geology from both drilling and mapping.
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Figure 2 Glandore Project showing Gravity Survey/Fluid Study area (in yellow outline) and the untested nature with targets under the salt lake (shaded pink) with Majestic structure extension as black dashed line
This modelling has been successful in generating targets in the east Kalgoorlie area that have yielded major new deposits in similar structural environments i.e. Integra’s French Kiss, Salt Creek and Majestic Deposits. The results for this study are scheduled to be finalised by the end of Q2 2011-12.
The Glandore Lease package now has a total area of 41.1 km[2] , strategically located close to Kalgoorlie’s Golden Mile and infrastructure, and a number of successful, producing gold operations.
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ 24 Colin Street, West Perth WA 6005, Australia I PO Box 2803, West Perth WA 6872, Australia T +61 8 9481 2425 I F +61 8 9481 1756 I W www.arumaresources.com
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ASX ANNOUNCEMENT 29 July 2011
ACTIVITY REPORT TO THE ASX
FOR THE QUARTER ENDING 30 JUNE 2011
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Glandore Hub
With the success of surrounding companies in assembling large resources in the Kurnalpi Terrane, the Company is progressing its strategic focus on proving mineralisation to develop Glandore as a regional gold production hub. This will consist of the Glandore Project with regional satellites at Gindalbie and the Kurnalpi South Tenements. The leases in a 60km radius of Glandore now total some 534 km[2] .
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Figure 3 Gindalbie and Kurnalpi South tenements surrounding Glandore, new leases in Blue
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ 24 Colin Street, West Perth WA 6005, Australia I PO Box 2803, West Perth WA 6872, Australia T +61 8 9481 2425 I F +61 8 9481 1756 I W www.arumaresources.com
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ASX ANNOUNCEMENT 29 July 2011
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 30 JUNE 2011
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North Eastern Goldfields Projects Progressing
The Company started its initial drilling at the Laverton East project at the end of the quarter, and finished Phase 1 in mid July. The first phase of drilling was done to investigate large anomalies identified in both rock chip sampling and Hyvista alteration mapping.
The leases applied for at Darlot East and North, as well as Patricia fit the Company model as they are on good structures in prospective rock types and near granites.
The Company is committed to advancing its projects and expanding the lease base in prospective areas. All the leases will benefit from the new cutting edge technology that has led to recent large gold discoveries in WA.
For further information please contact:
Company: Media: Peter Schwann Annette Ellis/ Karen Oswald Managing Director Purple Communications Aruma Resources Limited Tel: +61 (0) 8 6314 6300 [email protected] [email protected] Tel: +61 (0) 8 9481 2425 Mob: +61 (0)417 946 370
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.
About Aruma
Aruma Resources (ASX: AAJ) is a focussed gold exploration company with seven prospective project areas within the Eastern Goldfields region of Western Australia. Inclusive of several tenements which are still under application, Aruma’s tenement package now totals approximately 770km[2] located on regional structures in the Norseman - Wiluna Greenstone Belt which contains most of Australia's lode-type gold deposits..
The flagship Glandore Project is approximately 40km east of Kalgoorlie-Boulder. Previous exploration of the Glandore Project has been focussed on or near areas of outcrop. The areas covered by soil or lake sediments have been largely ignored by past explorers but are now the focus of many successful companies in the immediate area.
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ 24 Colin Street, West Perth WA 6005, Australia I PO Box 2803, West Perth WA 6872, Australia T +61 8 9481 2425 I F +61 8 9481 1756 I W www.arumaresources.com
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ASX ANNOUNCEMENT 29 July 2011
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 30 JUNE 2011
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The Glandore Hub Project is situated <60km to the east of Glandore and comprises several gold exploration projects including Kurnalpi South prospects, Gindalbie and Bulong within an underexplored greenstone belt that hosts several major new discoveries. Just outside of this area is the Patricia Lease which has the covered extensions of a gold belt to the north and south.
The Laverton East, Darlot and Jundee South Projects are the northern projects, and the Laverton Projects anomalies were drilled at the end of the quarter. Each of the project areas can be readily accessed from the regional towns of Kalgoorlie-Boulder, Laverton or Wiluna.
The Company is committed to generating resources through land acquisition and utilising new exploration technologies ensuring a minimal cost per ounce of discovery.
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ 24 Colin Street, West Perth WA 6005, Australia I PO Box 2803, West Perth WA 6872, Australia T +61 8 9481 2425 I F +61 8 9481 1756 I W www.arumaresources.com
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