Glandore was the flagship gold project for Aruma Resources, acquired in 2010.
Aruma Resources Limited has entered into a Joint Venture Agreement with Southern Gold Limited (ASX:SAU)(ASX Announcement, 6 April 2016) and allows SAU to earn up to 90% interest through exploration expenditure of $1.2 million over the next 3 years.
The Agreement covers 28.7km2 of continuous tenements located adjacent Southern Golds existing Bulong Gold Project and their nearby Cannon Gold Mine.
The Glandore JV Project is situated approximately 30km east of Kalgoorlie-Boulder in the Eastern Goldfields Province of Western Australia. The prospect consists of 3 Mining Licences and 11 Prospecting Licences, with all leases held 100% by Aruma Resources Ltd.