Korab Resources Limited: Zinc, Lead and Silver at Rum Jungle
26.08.2016 | ABN Newswire
Sydney, Aug 24, 2016 - Korab Resources Limited ("Korab", or "Company") (ASX:KOR) is pleased to report that it has been advised by third party that historical drilling indicates presence of high grade zinc, lead and silver mineralisation within Korab's exploration ground near Batchelor town in the Rum Jungle mineral field.Korab has been advised that the zinc intercepts occur in the same rock layers as the Woodcutters zinc, lead and silver mine located 8km to the north and are of similar tenor.
Korab commenced review of the historical drill data for the above area of interest to assess the potential for Batchelor project to hold viable zinc mineralisation. The results will be reported to the market when available.
This assessment work will be undertaken in parallel with the ongoing work on the development of the magnesium carbonate Winchester mine which is located 4km to the north (and which is progressing well).
About Korab Resources Limited
Korab Resources Limited (ASX:KOR) is an international mining and exploration company with operations in Australia and Europe. Korab's projects include Winchester magnesium carbonate deposit and Geolsec phosphate rock deposit at Batchelor in the Northern Territory of Australia as well as a gold and silver deposit at Bobrikovo in eastern Ukraine. The Company also explores for gold and copper at Ashburton Downs in Western Australia and for various metals and specialty minerals at Batchelor in the Northern Territory. Korab's shares are traded on Australian Securities Exchange (ASX) and on the Berlin Stock Exchange (Berliner Börse) through Equiduct electronic trading platform. More information about Korab's projects can be sourced from Korab's website at www.korab.com.au.
Contact
Korab Resources Limited
Andrej K Karpinski, Executive Chairman
T: +61-8-9474-6166