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Aruma Resources: Identifies magnetic target at Saltwater Project

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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

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