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Aruma Resources Limited ( (AU:AAJ) ) just unveiled an update.
Aruma Resources has reported highly positive results from a fixed loop time domain electromagnetic survey at its Tillex Copper-Silver Project in Ontario’s Timmins mining district. The work identified two significant conductors, including a Main Conductor coincident with the existing Tillex deposit that now appears to extend 600 metres along strike and to depths beyond 400 metres, well below previous drilling.
A second East Conductor, showing strong conductivity over more than 200 metres, has been delineated immediately east and deeper than the main zone, significantly enhancing the project’s exploration upside. These new targets will underpin a maiden drilling program scheduled to begin this month, with downhole EM surveys planned to refine deeper targets and potentially redefine the project’s resource potential and future development options.
The most recent analyst rating on (AU:AAJ) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Aruma Resources Limited stock, see the AU:AAJ Stock Forecast page.
More about Aruma Resources Limited
Aruma Resources Limited is an Australia-listed mineral exploration company focused on copper and silver projects, with its flagship Tillex Copper-Silver Project located in the Timmins mining district of Ontario, Canada. The company targets high-grade base and precious metal deposits, aiming to grow its resource base through modern geophysical surveys and systematic drilling across prospective North American mining jurisdictions.
Average Trading Volume: 7,137,796
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$7.31M
Find detailed analytics on AAJ stock on TipRanks’ Stock Analysis page.