Aruma Resources: Identifies magnetic target at Saltwater Project
- Aruma Resources (AAJ) has identified a large magnetic target and expanded its claims at the Saltwater Gold Project, near Newman in northwest WA
- Then the company’s tenements cover 65 kilometres of prospective strike on the same structure as Northern Star’s Paulsens Gold Mine
- Aruma has identified three prospective targets across its Saltwater tenements; the Saltwater, Atlantis and Monster anomalies
- Aruma set to conduct a desktop study and ground reconnaissance to identify and prioritise targets for further exploration
- It’ll take an extended and potentially expensive program of exploration to claim any major discovery at Saltwater
- Aruma closed Tuesday’s session 16.7 per cent lower at 0.5 cents per share
