by –News Direct–
Aruma Resources Ltd (ASX:AAJ) Managing Director Glenn Grayson speaks to Thomas Warner from Proactive after the Western Australia-focused mineral exploration company announced it has received some promising rock chip sample results from its Saltwater project in the Pilbara. Grayson says the samples have revealed high-grade cobalt, reaching up to 0.45% cobalt, making it economically significant. Additionally, the samples contain manganese with levels of up to 40%. The project also uncovered anomalous copper and silver. Aruma Resources has plans for further exploration, including what he calls the Inkwell Hill area, where they've discovered up to 60% iron in the rocks, along with anomalous silver, copper, zinc, and strontium. With another trip scheduled for the end of this week, Aruma Resources aims to continue exploring the region and generating more newsflow before the year-end. However, the extreme heat, with temperatures expected to reach 46 degrees Celsius, means that the trip starting this week is likely to be the last to the area for this calendar year.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/aruma-resources-reveals-promising-rock-chip-sample-results-from-saltwater-243130772
Aruma Resources Ltd
COMTEX_442128457/2655/2023-10-19T12:30:10
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
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