Verdant Minerals Ltd Stock Market Press Releases and Company Profile
Lake Hopkins Potash Resource
Lake Hopkins Potash Resource

Perth, Sep 12, 2014 AEST (ABN Newswire) - Rum Jungle Resources Ltd (googlechartASX:RUM) is pleased to announce a maiden Inferred JORC brine potash resource of 4.5 million tonnes K2SO4 on 100% owned E69/2814 in Western Australia.

The Lake Hopkins brine resource further adds to Rum Jungle Resources' sulfate of potash portfolio in Central Australia which includes Lake Mackay South JV (13 Mt -RUM 51%) and Karinga Lakes (8.3Mt -RUM 100%). RUM has two other major salt lake projects under application in Central Australia which are Lake Amadeus (NT) and Lake MacDonald (WA/NT).

The Lake Hopkins resource is based on an industry average porosity value of 0.33, and the drilling of 18 air core drillholes for 382 m in June 2014. The resource extent, inferred potassium grade and source data are presented on Figure 2 in link below.

A brine exploration target for the immediate surrounding tenement E69/3144 also 100% owned by RUM has been estimated at 2.5 to 3.8 million tonnes K2SO4. This exploration target is based on extension of the measured potassium grade and thickness on tenement E69/2814 onto the adjacent tenement E69/3144 (Figure 3). The potential quantity, grade and extent of the exploration target is conceptual in nature. There is insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. No exploration has yet been undertaken on E69/3144.

Rum Jungle Resources may look to increase the size of the brine resource in 2015 through further extensional drilling into E69/3144 and infill drilling, including looking at depth extensions. Petrographic and geochemical analysis of basement rocks indicate a mixture of sandstone and massive gypsum which if fractured or porous should hold additional brine resources.

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About Verdant Minerals Ltd

Rum Jungle Resources Ltd (ASX:RUM)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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Contact

Rum Jungle Resources Limited
T: +61-8-8942-0385
F: +61-8-8942-0318
WWW: www.rumjungleresources.com.au



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