Quarterly Activities Report
Sydney, July 30, 2012 AEST (ABN Newswire) - Rum Jungle Resources Limited (
ASX:RUM) Announce their quarterly activities report for the period ending JUNE 30, 2012. The following highlights are detailed in the full announcement.
PHOSPHATE
- AMMAROO PHOSPHATE DRILLING COMMENCED WITHIN WESTERN-MOST TENEMENTS CLOSEST TO RAIL HEAD ON MURRAY DOWNS STATION
- STRONG PHOSPHATE INTERSECTIONS ON SOUTHERN-MOST LINE ON AMMAROO 1 DRILL GRID
- 696 RC HOLES FOR 20,998 TOTAL METRES DRILLED ON BARROW CREEK 1 GRID DURING QUARTER FOR SUFFICIENT DATA TO UPGRADE RESOURCE CATEGORY (AVERAGE HOLE DEPTH 30 METRES)
- FAVOURABLE METALLURGICAL RESULTS FROM LABORATORY BENCH TESTS
POTASH
- STRONG BRINE FLOWS FROM UP TO 30 METRES DEPTH. HIGHER VALUES OF POTASSIUM AND SULPHATE BEING RECORDED FROM AQUIFER 2. MUCH LARGER RESOURCE LIKELY THAN INITIAL ESTIMATES
- NEW LAKE TENEMENTS ACQUIRED ON NT AND WA BORDER TO BE EXPLORED
CAPITAL RAISINGS
- SUCCESFUL CAPITAL RAISING DURING QUARTER PROVIDES WORKING CAPITAL OF $13.3M AT END OF QUARTER
To view the full announcement please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RUM-376459.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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