SALMON GUMS GOLD PROJECT (100% AAJ)

The Salmon Gums Project consists of two Exploration Licences (EL63/2037 and EL63/2122) and covers an area of 222km². It is located approximately 200km south of the major regional centre of Kalgoorlie, and approximately 60km south of the mining town of Norseman.

It is also 30km directly along strike of Pantoro Limited’s (ASX: PNR) rapidly increasing high-grade Scotia Gold Project.

Aruma’s initial assessment of the Salmon Gums Project identified three priority drill targets (brown circles in Figure above), which are planned to be the initial focus of the first phase of drilling. The Company planned to test these initial targets with regional drilling with follow-up drilling to target drill-defined anomalies.

A further data review uncovered the Salmon Gums gold anomaly from work conducted by Pan Australian Exploration Pty Ltd in 1997. This work used geochemical sampling in the pedogenic carbonate zone under sandplain wheat fields. This strong continuous anomaly has only been partially drill tested for gold, by Pan Australian, which identified soil anomalies. Importantly, these are coincident with the target area for Aruma’s planned first phase of drilling.

The highly encouraging historic results come from a review of historic data sets from previous drilling conducted by Pan Australian in the 1990s and have helped Aruma define drill targets for its first phase of Drilling at Salmon Gums. See Figures below for sections from Pan Australian’s drilling from 1997.

The plan of the historic drilling results below clearly defines the targets for Aruma’s planned drilling, which will target known gold strata in anomalies in the southern area of the Project.

Aruma has now signed up access agreements for the anomalous areas and the approved PoW will allow drilling in the December 21 Quarter.