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North River Resources Plc
Summary
| Project: | Namib | |
|---|---|---|
| Deposit: | Namib | |
| Location: | Namibia | |
| Commodities: | Zinc-Lead-Silver-Iron | |
| Date: | 12/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2016: North River Resources Plc announces an Exploration/Drilling Update report for its Namib deposit at the Namib project. Drilling results incl. 28.4m @ 33.2% Zn, 0.1% Pb, 40g/t Ag, 24.6% Fe from 89.4m. North River Resources plc, the AIM quoted ex | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Galen White (CSA Global Pty Ltd.) | |
| ABSTRACT: | North River Resources plc, the AIM quoted exploration company, announces drill results and an assessment of its recently completed underground diamond drilling programme at the Namib Project in Namibia. The drilling programme to test extensions at depth in the North and South orebodies of the Namib resource, which commenced in January 2015, has now been completed. A total of 4,142 metres were drilled, using a contracted Diamec rig together with the Company’s own Kempe drill. The announcement of additional very encouraging intersections continues to support the strong resource upside at Namib and follows previously announced holes from this campaign, including NLDD067 with 57.1 metres (true width of 8.5 metres) at 28.5% zinc, and NLDD069 with 35.7 metres (true width of 9.0 metres) at 33.8% zinc. The overall results of this programme have however been sporadic and will not at this point translate into a significant increase in the Indicated Mineral Resource category to underpin an extension to mine life. The Company has determined that additional infill and extension drilling is certainly warranted to further delineate mineralised zones to the level of confidence required to support Indicated Mineral Resources, but that this should now only be undertaken following further interpretation of the recently completed drilling, which will include an update to the geological and structural model in the light of new data. This drilling programme has highlighted a greater structural complexity that needs to be better understood in order to improve future extension drilling targeting, and that will require ongoing attention if and when the project is taken forward into construction and mining operations. | |
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