Korab Resources announced that it has received a second offer to enter into sales agreement for 80,000-100,000 tpa of direct shipping rock phosphate to be produced by Korab’s 100% owned subsidiary Geolsec Phosphate Operations P/L at the Geolsec project at Rum Jungle in the Northern Territory, Australia.
Korab Resources announced it has received assay results for holes drilled on the Rum Jungle property, Northern Territory, Australia. The reverse circulation holes were designed to test the northern perimeter of the Siltstone nickel/cobalt/copper/titanium anomaly. The results confirmed that Hole KORC1001 intercepted nickel/titanium/copper/cobalt mineralization and that the grades and thickness appear to increase to the south.
Fig 1 - RUM JUNGLE GEOLOGY WITH DEPOSITS AND GOLD, NICKEL AND BASE METALS ANOMALIES
October 25, 2010
Korab Resources announced assay results from two drill holes at Rum Jungle project, Northern Territory, Australia. Highlights include KORC1001 intersecting 6 m at 0.18% nickel.
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