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ARUMA RESOURCES LIMITED — Interim / Quarterly Report 2012
Jul 30, 2012
64273_rns_2012-07-30_86ad4c93-02ac-44c4-b655-bc8b0f0ec65c.pdf
Interim / Quarterly Report
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ABN 77 141 335 364 ASX: AAJ
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Aruma Resources Limited
ASX ANNOUNCEMENT 31 July 2012
QUARTERLY ACTIVITIES STATEMENT For the quarter ending 30 June 2012
HIGHLIGHTS
Glandore Project
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PoW approved for drilling
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Heritage Survey booked for July
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Hurdle with Traditional Owners on access to Lake Yindarlgooda
Jundee South Project
- PoW approved for second phase
Twin Hills Project
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1300m of drilling completed in May 2012 after rain interruption
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PoW approved and RC drilling planned September 2012
Gindalbie Project
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HyVista Survey preliminary interpretation reveals anomalies
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PoW approved and Heritage Survey completed
Regional Exploration
- Leases surrendered/dropped over areas of Low prospectivity
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 31 July 2012
QUARTERLY ACTIVITIES STATEMENT FOR THE QUARTER ENDING 30 JUNE 2012
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EXPLORATION ACTIVITIES
Aruma Resources Limited (ASX:AAJ ) (“Aruma” or “the Company”) is pleased to provide an update to the market on its strategy, progress and planned programs for the Company’s portfolio of gold projects, covering some 665 km[2] in WA’s Eastern Goldfields.
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Figure 1 Aruma Projects in the Eastern Goldfields with relinquished areas in red ellipses
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 31 July 2012
QUARTERLY ACTIVITIES STATEMENT FOR THE QUARTER ENDING 30 JUNE 2012
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Project Locations
Glandore Project - 40km east of Kalgoorlie-Boulder Status - Ready to drill on Western Leases Eastern Leases Exploration in discussion with Traditional Owners Gindalbie Project - 60km north-east of Kalgoorlie-Boulder Status – Flown with HyVista and PoW ready for submission Bulong Project - 30 km east of Kalgoorlie-Boulder Status – Awaiting grant and data base assembled Twin Hills Project - The Twin Hills belt 25 km north of Menzies Status – RC Drilling ready Jundee South Project - 20km south of Jundee Mine Status - First Pass RAB drilling hits 18 g/t Au over 1m Darlot East Project - 20km east of Laverton Status – Granted and drilling targets identified Laverton East Project - 20km east of Laverton Status - Paul Well (Northern) Lease has multiple HyVista Targets
Leases Advanced or Dropped
Aruma continues to manage and rationalise its landholding in the Eastern Goldfields and Murchison regions. In line with this strategy, Aruma has further relinquished several Exploration Licences that have not given definite responses to exploration. These leases totalled approximately 600km[2] and were relinquished within the financial year but were officially notified in early July 2012.
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 31 July 2012
QUARTERLY ACTIVITIES STATEMENT FOR THE QUARTER ENDING 30 JUNE 2012
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Aruma has a clear strategy to efficiently explore the gold mineralisation potential of its landholding in Western Australia’s Goldfields - with a view to developing a gold production hub centred on its flagship Glandore project; as well as satellite projects. Importantly, all of Aruma’s lease holdings have been selected based on the presence of geological structures typically known to host mineralisation.
The Mythological Claim over 1100km[2] in the area over and around Lake Yindarlgooda and the recent NNTT decision to uphold objections to the expedited procedure for approvals (announced on 19 June 2012) has caused the company significant delays on the granting of leases. This is despite the area being removed from the DIA site register in February 2012, and the indications by other claimants over the areas that no such significance exists within the proposed site.
The Claimants have also approved a new lease within the proposed site and carried out site clearing and bulldozing previously, but the GLSC maintains that the leases will only be approved if the company promises to carry out "no ground disturbing activities". Such a condition clearly precludes exploration let alone mining.
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Figure 2 The Glandore Hub Leases with relinquished areas circled
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 31 July 2012
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QUARTERLY ACTIVITIES STATEMENT FOR THE QUARTER ENDING 30 JUNE 2012
FOLLOW UP EXPLORATION OF FLAGSHIP GLANDORE PROJECT
The Company is committed to a strategy of efficient exploration to confirm or disprove potential targets. The Fluid Flow Study, which was finalised in March 2012, has defined high ranked targets in previously underexplored areas of Glandore.
Glandore Fluid Flow Modelling
The diagram below shows the areas of high Fluid Flow (warm colours) from the final CSIRO Report received in March 2012 and approved by the Department of Mines and Petroleum (DMP) for drilling soon thereafter. This has been held up with GLSC negotiations which are part of the Lake Yindarlgooda Mythological Claim. The areas circled are of interest as defined by the CSIRO modelling and will be RAB drilled for bedrock alteration after Heritage Clearance.
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Figure 3 Preliminary targets (Yellow Ellipses) at Glandore from CSIRO Fluid Flow Study
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 31 July 2012
QUARTERLY ACTIVITIES STATEMENT FOR THE QUARTER ENDING 30 JUNE 2012
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The major anomalies generated are on the mainland adjacent to the lake areas and to date, have not been drilled. This opens a new phase of exploration at Glandore with targets generated by new techniques. These targets are planned to be drilled after Heritage clearance in August 2012.
It should be noted that the new areas are outside the known mineralisation areas such as Supergene-Axial Planar (yellow solids on the Figure 3 above) and the final Report fully defines all the anomalous areas.
TWIN HILLS NORTH PROJECT DRILLING
A total of 2164m in 141 holes was completed by RAB drilling in the northern lease EL29/743 at Twin Hills. The area drilled was the geochemical anomaly to the south of the RC holes undertaken by the previous explorers.
The drilling was interrupted by a major rain event and the assays were not received in the quarter. The further drilling to the south in EL29/823 will be undertaken after the scheduled and approved RC drilling over the previous RC intersection below.
Table 1 Table of historical intersections
| Hole ID | MGA mN | MGA mE | From | To | Interval(m) | g/t Au | ppm Cu |
|---|---|---|---|---|---|---|---|
| THR 301 | 6755258 | 314685 | 25 | 47 | 22 | 1.04 | NA |
| THR 288 | 6755208 | 314757 | 25 | 26 | 1 | 2.56 | NA |
| THR 331 | 6755408 | 314792 | 50 | 70 | 20 | 0.54 | NA |
| WRC01 | 6755252 | 314668 | 43 | 55 | 12 | 0.84 | 308 |
| Including | 6755252 | 314668 | 53 | 54 | 1 | 1.79 | 2360 |
| WRC03 | 6755313 | 314670 | 32 | 60 | 28 | 0.86 | 182 |
| WRC04 | 6755307 | 314648 | 24 | 48 | 24 | 0.51 | 113 |
| WRC06 | 6755365 | 314655 | 24 | 48 | 24 | 0.39 | 99 |
The above table shows the thick low grade intersections previously encountered in the northern leases to be followed up in the near future. The Au-Cu signature in WRC01 is similar to the intrusive hosted orebodies identified recently at Integra Mining Limited’s Majestic Discovery.
The drilling is planned to determine if the intersections are a flat thick continuous zone or two steep thinner zones. This drilling is scheduled for September 2012.
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 31 July 2012
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QUARTERLY ACTIVITIES STATEMENT
FOR THE QUARTER ENDING 30 JUNE 2012
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Figure 4 TMI Map of Twin Hills North Project on the N-S Moriarty Shear. Drilled area in the dashed box.
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 31 July 2012
QUARTERLY ACTIVITIES STATEMENT FOR THE QUARTER ENDING 30 JUNE 2012
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GINDALBIE PROJECT OVERVIEW
At Gindalbie, Aruma had 75km[2 ] of ground in leases as shown below in blue. The yellow area is the 75 km[2] Camel Dam area picked up in the LSA agreement for Twin Hills and surrounds the Mayday mines.
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Figure 5 Map of proposed drilling (shaded) at Gindalbie with E27/397 shaded yellow (excluded Mayday leases red striped)
Work has been completed on the total package with full data base examination and HyVista interpretation completed. Some 50 RAB holes on geochemical anomalies are planned to be done and the heritage and site access is completed. This work is scheduled for August-September 2012.
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 31 July 2012
QUARTERLY ACTIVITIES STATEMENT
FOR THE QUARTER ENDING 30 JUNE 2012
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LAVERTON EAST
The new Lease at Paul Well, to the north of the original Laverton East Leases, has been flown for HyVista and this has yielded similar anomalies to the southern area. The Figure 6 below shows the geology, with the target areas as yellow ellipses.
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Figure 6 Laverton East Leases showing Geology and the target areas (in Yellow) on the Paul Well Lease (E38/2475) to the North. (After F Fitton)
The target areas for the drill holes are sited on similar HyVista responses that yielded the previously reported 2m at 4.28g/t Au in LEAC 31.
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 31 July 2012
QUARTERLY ACTIVITIES STATEMENT FOR THE QUARTER ENDING 30 JUNE 2012
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Eastern Goldfields Projects Progressing
Aruma has refocussed on prioritised projects and reduced the landholding to 665 km[2] to conserve funds.
Proposed Exploration Activities for Q1 2012/2013
GLANDORE
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Initial drilling scheduled on Fluid flow Model under covered western areas
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61 RAB holes pegged
TWIN HILLS PROJECT
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PoW approved for both leases
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4 RC holes scheduled
GINDALBIE PROJECT
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Total package of 150 km[2 ] of covered prospective ground
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Heritage and site access completed
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50 RAB holes scheduled
KURNALPI SOUTH AND SATELLITE PROJECTS
- Applications and Lease areas under the mythological claim relinquished or dropped
LAVERTON EAST
- Geochem over new Paul Well HyVista anomalies
REGIONAL ELs
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HyVista Survey to be Interpreted
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Drop and relinquish less prospective areas
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20 holes at Darlot east planned
Other Projects
In addition to its current projects in Western Australia, Aruma continues to evaluate potential project opportunities both locally and overseas.
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 31 July 2012
QUARTERLY ACTIVITIES STATEMENT FOR THE QUARTER ENDING 30 JUNE 2012
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R&D Tax Return Successful
Aruma has received a tax return of $299,475 after costs in the Quarter and this is a welcome boost for the exploration effort.
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 6389 1799 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.
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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