Aruma advises that the contractor
The drilling program will target the outcropping areas on the western end of the Saltwater Ring Structure, a large 60km2 magnetic ring structure that sits within E52/3818 at Saltwater. The exposed historic mining area is Aruma's initial priority exploration target.
Drilling is anticipated to take approximately 25 days to complete and results are expected in late
Aruma has program of works (PoW) approval for up to 20,000 metres of drilling at the
The images below are from the old workings at the Saltwater historic mining area showing the prospective Mt McGrath Formation which hosts Mt Olympus and the drilling contractor setting up to start drilling.
About the
The Project area covers a strike extent of more than 65km of the highly significant Nanjilgardy fault, the same regional structure reported as the primary source of gold mineralisation at
Contact:
Tel: +61 417 946 370
Email: info@arumaresources.com
Forward Looking Statement
Certain statements contained in this document constitute forward looking statements. Such forward-looking statements are based on a number of estimates and assumptions made by the Company and its consultants in light of experience, current conditions and expectations of future developments which the Company believes are appropriate in the current circumstances. These estimates and assumptions while considered reasonable by the Company are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, achievements and performance of the Company to be materially different from the future results and achievements expressed or implied by such forward-looking statements. Forward looking statements include, but are not limited to, statements preceded by words such as 'planned', 'expected', 'projected', 'estimated', 'may', 'scheduled', 'intends', 'anticipates', 'believes', 'potential', 'could', 'nominal', 'conceptual' and similar expressions. There can be no assurance that Aruma plans to develop exploration projects that will proceed with the current expectations. There can be no assurance that Aruma will be able to conform the presence of Mineral Resources or Ore Reserves, that any mineralisation will prove to be economic and will be successfully developed on any of Aruma's mineral properties. Investors are cautioned that forward looking information is no guarantee of future performance and accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.
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