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ARUMA RESOURCES LIMITED — Interim / Quarterly Report 2012
Apr 29, 2012
64273_rns_2012-04-29_ffc4c476-0a04-4dbe-bf75-d71d497bbb14.pdf
Interim / Quarterly Report
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Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ
ASX ANNOUNCEMENT 30 April 2012
QUARTERLY ACTIVITIES STATEMENT For the quarter ending 31 March 2012
HIGHLIGHTS
Glandore Project
-
Fluid Flow Study at Glandore final report received
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PoWs submitted to drill targets
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Heritage survey planned
Jundee South Project
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First pass drilling has high grade gold intersection
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PoW submitted for second phase
Twin Hills Tenement Package
- 600m of drilling completed before rain interruption
Gindalbie Tenement Package
-
HyVista Survey preliminary interpretation reveals anomalies
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PoW approved
-
Heritage Survey planned
Regional Exploration
- HyVista interpreted and Steeple Hill Ni-Cu anomaly followed up
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 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 on and planned programs at the Company’s portfolio of gold projects, covering some 1600km[2] in WA’s Eastern and Murchison Goldfields.
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Figure 1 Aruma Projects in the Eastern Goldfields
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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Project Locations
| EASTERN GOLDFIELDS | Glandore Hub | Glandore Project - 40km east of Kalgoorlie-Boulder Status- Advancedwith FluidFlowtargetsready to drillon PoW |
|---|---|---|
| Gindalbie Project - 60km north-east of Kalgoorlie-Boulder Status– Flown with HyVista andPoW readyforsubmission |
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| Kurnalpi South Project - 100km east of Kalgoorlie-Boulder Status – Mt Quin lease dropped and Native Title objections before NNTT |
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| Bulong Project - 30 km east of Kalgoorlie-Boulder Status– DueforgrantinJuly and data base assembled |
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| Patricia Project - due south of Edjudina line Status–Awaiting grant and data base assembled |
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| Regional Projects | Twin Hills Project - The Twin Hills belt 25 km north of Menzies Status–Drilling underway |
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| Carbine Project - In the Kunanalling Belt Status–Awaiting grant and data base assembled |
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| Jundee South Project - 20km south of Jundee Mine Status-First Pass RAB drilling hits 18 g/t Au over 1m |
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| Darlot East Project - 20km east of Laverton Status–Granted and drilling targetsidentified |
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| Laverton East Project - 20km east of Laverton Status- Paul Well(Northern)LeasehasmultipleHyVistaTargets |
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| MURCHISON GOLDFIELDS |
Youno Downs Project - 20km west of Gidgee Gold Mine Status–Awaiting grant and data base assembled |
|
| Big Bell West Project - 10km west of Big Bell Mine Status–Leases to be dropped |
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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Leases Advanced or Dropped
The Company continues to rationalise its landholding in the Eastern Goldfields and Murchison regions – both proven and prolific gold provinces. In line with this strategy, Aruma has relinquished several Exploration Licences that have not given definite responses to exploration. These leases were relinquished at the end of the quarter but were officially received in early April.
Aruma has a clear strategy to efficiently explore the gold mineralisation potential of a strategic landholding in WA’s Goldfields - with a view to developing a gold production hub centred around its flagship Glandore project; as well as satellite projects. To this end, Aruma has systematically expanded its portfolio of prospective gold projects within a 60km radius of the Glandore Project to an area covering some 500km[2] .
Importantly, all of Aruma’s lease holdings have been selected based on the presence of geological structures typically known to host mineralisation.
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Figure 2 The Glandore Hub Leases
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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EFFICIENT EXPLORATION OF FLAGSHIP GLANDORE PROJECT
Given the extent of Aruma’s significant project portfolio, the Company is committed to a strategy of efficient exploration to confirm or disprove potential targets. In keeping with this strategy, the Company is deploying new exploration technologies. Most recently CSIRO completed a Fluid Study at its flagship Glandore Project.
The Study, which was completed before year-end, has demonstrated outcomes comparable to a 20,000m pattern drilling program, but in a considerably shorter timeframe and at considerably less cost.
The use of HyVista, proven at Laverton East and Jundee South; has now been interpreted on the other Eastern Goldfields properties at Gindalbie and Laverton East's Paul's Well lease.
Glandore Fluid Flow Modelling
The diagram below shows the areas of high Fluid Flow (warm colours) from the draft CSIRO Report which was finalised in February. The areas circled are of interest as defined by the CSIRO modelling and will be RAB drilled for bedrock alteration. The anomalies are over 4km and 2km in length respectively and on regional structures, making them high order targets.
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Figure 3 Drill targets (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 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 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.
It should be noted that the new areas are outside the known mineralisation areas such as Supergene-Axial Planar and under shallow cover and the western areas are coincident with HyVista responses.
TWIN HILLS NORTH PROJECT OVERVIEW
Background
As previously announced, Aruma has successfully negotiated an option agreement over the exciting Moriarty Shear which hosts the Twin Hills Mine as well as some 15 km of gold bearing greenstone belt. This previously unexplored belt contains thick zones of identified gold mineralisation and large geochemical anomalies that have not been drilled.
Geological Setting
The Twin Hills North Project area is mostly covered by moderate younger sediments consisting of soft sand with minor laterites. The magnetic image below clearly shows the buried greenstone belt running north-south between the two granites under cover.
The Twin Hills Greenstone sequence is a relatively narrow belt between two different granites and extends the full length of the leases over some 15 km. The greenstones are reported by previous workers to be ultramafic, mafic and sedimentary rocks, and are approximately 1.2 km wide. The presence of ultramafic to BIF rocks intruded by granites on structures fits the exploration model used by Aruma for all its tenements.
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.
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
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ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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Figure 4 TMI Map of Twin Hills North Project on the N-S Moriarty Shear. The current drilling area is outlined in black ellipse
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Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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Work Program
In line with the stated program in the last quarterly, drilling commenced in mid-March but after only 3 days the area received a major rain event and some 30 mm of rain occurred. The drilling was stopped after approximately 600m and recommenced in April.
GINDALBIE PROJECT OVERVIEW
At Gindalbie, Aruma has 150km[2] of ground in leases as shown below in blue. The yellow area is the 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 complimentary area at Gindalbie with E27/397 shaded yellow (excluded Mayday leases red striped)
Geology of the Lease Area
The project area is essentially underlain in the west by a sequence of gabbro, dolerite and basalt. To the east the tenure is underlain by felsic volcanics and sequential arkosic to argillaceous metasediments. Rhyolitic flows and tuffs with interbedded pebble conglomerates and metasediments underlie the eastern edge of the tenure. The project is essentially divided by an east-west trending dolerite-gabbro Proterozoic dyke.
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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Nearby gold mining areas include the Mayday Mining Area, located 2km south of the Camel Dam Project, which currently has a resource of 1,019,653t @ 1.89g/t for 62,048oz Au. The Kalpini gold deposit, located 2km east of the Camel Dam Project, currently has a resource of 2,700,000t @ 2.8g/t for 242,000oz Au.
Within the project area, the felsic and conglomerates are not the primary targets as these have been downgraded by previous explorers. Gold potential at the Camel Dam Project remains within the under-explored greenstone sequence in the western half of the project. The greenstone sequence is known to host gold mineralisation, as numerous historical gold workings have been located in the area; rock sampling from around an abandoned shaft (The Lady Lauren) in the northwest of the project returned a best assay of 25.81ppm Au.
Work Program Gindalbie
As detailed in the last quarterly, HyVista was flown and interpreted during the quarter and the PoW approved and the drilling program awaits heritage clearance.
JUNDEE SOUTH PROJECT
The initial assay results at the Jundee South Project were significant in both extent and tenor. This area was drilled to investigate low level soil anomalies with 0.1 to 0.4 g/t Au values and the results suggest that the western anomaly is a WNW stratigraphic zone; and the eastern, larger anomaly is on a major NNE lineament. Covering two areas some 4 km apart the results indicate that extensive mineralised zones defined by structure and alteration which is completely covered by varying depths (5 to 25m) of tertiary cover. All the intersections showed carbonate (limonitic) alteration in mafics (with iron and silica). These results are the highest grade intersections in the area to date including all the historical results.
| Table 2: Assays > 0.1g/t Au |
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|---|---|---|
| Hole Easting Northing From To |
Interval g/t Au |
Zone |
| JSR14 275900 7064000 24 25 |
2 0.14 |
East |
| JSR14 275900 7064000 33 39 |
6 0.43 |
East |
| JSR17 276000 7064100 42 43 |
1 0.17 |
East |
| JSR17 276000 7064100 20 21 |
1 0.14 |
East |
| JSR17 276000 7064100 23 25 |
2 0.83 |
East |
| JSR17 276000 7064100 |
Including 1 1.36 |
East |
| JSR22 273000 7064900 26 25 |
1 0.15 |
West |
| JSR22 273000 7064900 21 25 |
4 4.84 |
West |
| JSR23 273000 7065000 |
Including 1 18.60 |
West |
| JSR23 273000 7065000 8 12 |
4 0.53 |
West |
| JSR23 273000 7065000 |
Including 1 1.03 |
West |
| JSR23 273000 7065000 14 20 |
6 0.45 |
West |
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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An extension to the current PoW has also been applied for to do follow up drilling to fully test the mineralisation extent evident from the geochemistry.
The locations of the two anomalous zones are shown below in Figure 6 and are represented by the dashed ellipses.
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West Area
East Area
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Figure 6 Latest drilling results on the geology at Jundee South showing East and West areas
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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LAVERTON EAST
Aruma’s Laverton East Gold Project in WA’s eastern Goldfields returned an intersection of 2m at 4.28 g/t Au in drillhole LEAC 31. A total of 20 holes for 667m were completed before the program was halted due to rain. Of the twenty holes, one hole intersected >1g/t Au and 3 other holes hit anomalous (>0.05 g/t) Au values. This was followed by the second phase drilling at the Company’s Laverton East Gold Project in WA’s eastern Goldfields. A total of 40 holes were completed for 1,381m. The drill holes were sited to follow up the previously announced 2m at 4.28g/t Au in LEAC 31 as well as testing the more felsic zone to the east.
The Paul Well EL to the north of this area was approved in the quarter, and flown with HyVista. There are large areas of anomalism similar to the successfully drilled area above, and these are targets in the submitted PoW. As detailed in the last quarterly, HyVista was interpreted during the quarter and the PoW was submitted and the drilling program awaits heritage clearance.
KURNALPI SOUTH-STEEPLE HILL
The first phase of drilling at the Company’s Steeple Hill Gold Project in WA’s eastern Goldfields, was completed in the quarter. A total of 61 holes were completed for 1,980m. The drill holes were sited to follow up the previously announced HyVista, soil and gossan anomalies.
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Figure 7 Steeple Hill Lease showing Geology and drilling results
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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The drilling has given low order gold responses but sulphide based Ni Cu anomalism in a mafic intrusive in the SW corner of the lease. These results were submitted for platinoids group metals (PGM) and the results are expected in the coming quarter. Field inspection showed blebby sulphides in a diopside intrusive with good jarosite anomalies on the HyVista. A new PoW was submitted for deeper follow up drilling here.
DARLOT EAST PROJECT
The Darlot Project consists of two lease groups, with Darlot East being situated 4km east of Barrick's multimillion ounce Darlot Mine.
The Darlot leases are now granted and the gold values in the old drilling on a cross fault are quite exciting, with no drilling done along the 7km strike shown in yellow dashes in Figure below.
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Figure 8 Darlot Project geology map showing strike extension and drilling results below
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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-
RW 1 - 1m @ 3.27g/t from 18m
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RW 2 - 4m @ 2.1g/t from 18m**
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RW 3 - 1m @ 0.75g/t from 25m
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RW 4 - 2m @ 0.33g/t from 25m
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RW 5 - 1m @ 10.2g/t from 21m
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** above 4m stope with 1m @ 0.83g/t below
Proposed Exploration Activities for Q4 2011/2012
GLANDORE
- Initial drilling on Fluid flow Model under covered areas
TWIN HILLS PROJECT
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New PoW submitted for North Lease
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60 RAB holes scheduled in Southern Lease
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600m in RC holes over areas of previous thick intersections
GINDALBIE PROJECT
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PoW approved for Camel Dam Lease to investigate
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240 RAB holes scheduled
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New leases to be granted
KURNALPI SOUTH AND SATELLITE PROJECTS
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Follow up Cu-Ni anomalies at Steeple Hill
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PoWs prepared for Darlot Leases
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HyVista interpretation over new leases
LAVERTON EAST
- Drilling on HyVista anomalies at Paul Well
REGIONAL ELs
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Dropping non prospective areas at Mt Quin and Big Bell West
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Looking at new areas and data assembly of new leases
Other Projects
In addition to its current projects in Western Australia, Aruma continues to evaluate potential project opportunities.
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Australia I 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 30 April 2012
ACTIVITY REPORT TO THE ASX FOR THE QUARTER ENDING 31 MARCH 2012
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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
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 Australia I 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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