Phosphate Exploration Drilling to Commence - Murray Downs
Melbourne, July 3, 2012 AEST (ABN Newswire) - Rum Jungle Resources Limited (
ASX:RUM) announce final approvals for the Mine Management Plan lodged with the Northern Territory Department of Resources have been received and the necessary bonds lodged with the Department today.
Drilling is scheduled to commence in the next few days as access is cleared. This will be the first comprehensive drilling testing for large phosphate resources within 30 kilometres of the east side of the Central Australian Railway. Exploration RC drilling will target the phosphatic Arthur Creek Formation, which hosts the Barrow Creek 1 Resource of 253,000,000 tonnes of 15% P2O5 phosphate rock, some 50 km further east.
For the release, including diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RUM-375488.pdf
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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