Aruma Resources Ltd (ASX:AAJ) has expanded its prospective gold ground holding and identified a large priority exploration target at is Saltwater Gold Project in the Pilbara region of Western Australia.
The company has applied for 96 sq km. Exploration Licence E52/3846 at the Saltwater Project. The area is situated on the eastern extent of the Saltwater Project area, immediately adjacent to Exploration Licence Application ELA52/3818.
Managing Director Peter Schwann says the Saltwater Project represents, what Aruma believes to be, an exciting early stage gold exploration opportunity in an under explored area.
With the new ELA, the project area now covers a strike extent of more than 65km of the previously delineated Nanjilgardy fault, with splays interpreted on the Monster trend and Black Hill trend.
Mr Schwann said the presence of this major fault running through the entire project area along with the presence of gold anomalism and previous mining activities at multiple areas has enhanced the prospectivity of the Saltwater Project.
The Saltwater and Atlantis anomalies are on the western extremity of the large >60 sq. kmmagnetic ring structure, the Saltwater Ring Structure, partly defined in the Tempest AEM Survey and now confirmed and fully covered by the new lease.
Mr Schwann said Aruma now has several large-scale priority target areas at the Saltwater Project; the Saltwater Anomaly, the Atlantis Anomaly and the Monster Anomaly.
Early explorationfor uranium was undertaken in the area in the 1980s by Uranerz and identified some low level gold anomalies. These were followed up by a private explorer Ismoy Pty Ltd who used geological contractor Geochemex to Rab drill the Saltwater Area in 1988 following up “sub ore grade values in a ferruginous chert unit.”
The company now plans to undertake a detailed desk top study of the Saltwater Project as part of its exploration targeting work at the Project.
This will also include a ground reconnaissance programme, with all work designed to define and rank initial priority exploration areas within the Project area. An access agreement with the pastoralist is currently underway.
