Drilling Campaign - Ammaroo Phosphate
Perth, Mar 29, 2012 AEST (ABN Newswire) - Rum Jungle Resources Limited (
ASX:RUM) announce favourable weather has indicated the 2012 drilling program will commence as planned next week.
A temporary camp is being established on site at the Ammaroo 1 Deposit, situated 80 km east of the base camp at Barrow Creek 1. Line clearing of a 400 metre-spaced grid over approximately 20 square kilometres has also been completed with the rig due to commence next week. The initial program will be on 400 metre-spaced holes, which on past experience of a drilling rate of around 10 holes per day should see the first program completed by end of April. It is expected that this drilling should indicate sufficient continuity between existing holes to infer a resource of similar size to Barrow Creek 1.
The rig and personnel will then move back to Barrow Creek 1 base camp where continuous extensional and infill drilling will be carried out on the Barrow Creek 1 deposit, whilst CLC site clearances and Department of Resources approvals for the newly acquired tenements west of Barrow Creek 1 are obtained.
Exploration drilling on cleared lines on the newly acquired tenements south of Murray Downs homestead should take approximately one month to complete. This will take new drilling to within 20 kilometres of the Central Australian Railway. The drill rig and crews are likely to remain on site for the entire 2012 field season.
About Verdant Minerals Ltd
Verdant Minerals Ltd's (ASX:VRM) strategic intent is to create shareholder value through the discovery, development and operation of fertiliser and industrial mineral projects, located in close proximity to existing transport infrastructure, with a primary focus on the Northern Territory of Australia.
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