Melbourne, July 3, 2012 (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.
Rum Jungle Resources (ASX:RUM) is an Australian Securities Exchange listed, diversified junior explorer focused on highly prospective land located in Australia’s Northern Territory and Queensland.
A Northern Territory and Queensland focussed mineral explorer with a portfolio including: Uranium, Potash, Phosphate and Base Metals.
Rum Jungle Resources has strategic alliances with other major Northern Territory explorers increases exposure to additional exploration areas.
Rum Jungle Resources has experienced geological management backed up by a solid financial base to fund exploration budgets.
Contact
Rum Jungle Resources Limited T: +61-8-8942-0385 F: +61-8-8942-0318 WWW: www.rumjungleresources.com.au
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.
Rum Jungle Resources Limited
){kind=link}