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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| North River | LSE:NRRP | London | Ordinary Share | GB00BDDRJJ03 | ORD 0.2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.75 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2019 to Dec 2024
TIDMNRRP
RNS Number : 7809O
North River Resources Plc
12 February 2016
North River Resources plc / Ticker: NRRP / Index: AIM / Sector: Mining
North River Resources plc ("North River" or the "Company")
Drilling campaign successfully delineated additional extensions of known lodes
and identified additional high grade targets
North River Resources plc, the AIM quoted resource company focused on the Namib Lead-Zinc Project in Namibia ("Namib" or the "Project"), wishes to provide an update on its drilling campaign, since the previously announced JORC compliant mineral estimate in August 2014
Highlights
- 4,828 metres drilled since August 2014
- Results provide management with further confidence in the previously announced JORC compliant Mineral Resource Estimate
- Delineated extensions of known lodes and high grade targets indicated by significant intersections including:
o NLDDK070: 3.6m @ 15.6% Zn, 1.0% Pb
o NLDDK071: 7.3 @ 14.9% Zn, 3.2% Pb & 4.5m @ 9.3% Zn, 13.6% Pb
o NLDD062: 3.8m @ 10.9% Zn, 8.7% Pb
o NLDD061: 5.7m @ 16.8% Zn, 6.9% Pb
o NLDD056: 8.7m @ 9.6% Zn, 3.7% Pb,
- Resource expansion drilling campaign announced on 19 November 2015 underway; the targeting of drill holes is informed by the results of the infill drilling campaign. Results of the resource expansion drilling will be released in due course.
Detail
As previously announced, North River has been undertaking a drilling campaign at the Namib Lead-Zinc project. Since the last Mineral Resource Estimate (MRE) of August 2014, a total of, 4828 metres of drilling have been completed in 66 holes. Of these, 52% (34 holes) had significant intercepts, see details in Table 1.
The drilling campaign focussed primarily on targeting both new extensions of known mineralised shoots, as well as infill drilling to potentially convert Inferred Mineral Resources into the Indicated Mineral Resource category. Drilling was undertaken mainly in the top half of the North Orebody and also below the historic South Mine, which is around 200m below surface. The majority of the Company's current Inferred Mineral Resources lie below the South Mine, which is also referred to as the Southern orebody (see figures in appendix). In general, the drilling results in both areas have met management's expectations and increased its confidence in the Mineral Resource.
Hot Features
Premium
Figure 1: Plan view of the mine
http://www.rns-pdf.londonstockexchange.com/rns/7809O_-2016-2-11.pdf
Drilling below the Junction stope, and between
the Junction and the Central stopes of the Southern
orebody targeting resource expansion, has yielded
encouragingly high grade results:
* NLDDK070: 3.6m @ 15.6% Zn, 1.0% Pb
* NLDDK071: 7.3 @ 14.9% Zn, 3.2% Pb & 4.5m @ 9.3% Zn,
13.6% Pb
* NLDD062: 3.8m @ 10.9% Zn, 8.7% Pb
* NLDD061: 5.7m @ 16.8% Zn, 6.9% Pb
* NLDD056: 8.7m @ 9.6% Zn, 3.7% Pb
Figure 2: Long section looking NE of the mine
http://www.rns-pdf.londonstockexchange.com/rns/7809O_1-2016-2-11.pdf
Table 1: Significant intercepts table
Location Hole_Type Hole_ID NAT_East NAT_North NAT_RL Max_Depth Dip Azimuth mFrom mTo IntervalWidth TrueWidth Zn_pct Pb_pct ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD048* 475311.03 7509661.75 99.91 160.19 -56 289 80.90 85.73 4.83 3.00 2.24 2.48 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD048* 475311.03 7509661.75 99.91 160.19 -56 289 92.78 97.10 4.32 2.00 2.77 0.55 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD049* 475258.70 7509706.73 99.74 184.71 -47 140 28.28 31.68 3.40 3.40 9.20 9.74 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD049* 475258.70 7509706.73 99.74 184.71 -47 140 129.28 133.40 4.12 4.10 10.34 0.58 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD050* 475311.19 7509661.64 99.90 163.59 -58 298 90.23 93.38 3.15 2.00 3.96 0.04 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD050* 475311.19 7509661.64 99.90 163.59 -58 298 96.15 103.76 7.61 2.00 2.76 0.50 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD051* 475309.76 7509659.99 100.06 99.00 -52 271 29.92 35.25 5.33 2.00 18.60 0.59 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD051* 475309.76 7509659.99 100.06 99.00 -52 271 41.47 51.56 10.09 6.50 15.52 0.41 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD052* 475310.63 7509662.02 99.93 170.00 -57 306 23.00 26.46 3.46 2.10 3.82 1.08 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD053* 475258.48 7509706.89 99.79 182.67 -49 154 38.71 41.77 3.06 2.15 7.33 3.79 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD053* 475258.48 7509706.89 99.79 182.67 -49 154 51.38 83.00 31.62 6.85 12.37 0.35 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD054 475309.88 7509659.92 100.03 91.08 -54 260 11.21 16.26 5.05 3.80 6.08 7.20 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD054 475309.88 7509659.92 100.03 91.08 -54 260 42.27 51.62 9.35 5.50 12.85 2.96 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD055 475258.26 7509707.27 99.79 102.37 -49 164 27.80 37.50 9.70 3.70 10.03 1.31 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD055 475258.26 7509707.27 99.79 102.37 -49 164 38.79 41.96 3.17 2.15 1.90 2.95 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD056 475310.87 7509661.75 99.95 181.92 -42 290 55.62 65.62 10.00 8.00 13.46 5.90 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD056 475310.87 7509661.75 99.95 181.92 -42 290 87.46 93.58 6.12 5.00 3.40 0.82 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- South Diamond NLDD056 475310.87 7509661.75 99.95 181.92 -42 290 98.74 116.90 18.16 8.70 9.63 3.74 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD057 475258.26 7509707.59 99.81 154.00 -59 168 105.23 110.23 5.00 2.00 11.18 0.04 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD058 475310.46 7509662.18 99.94 196.92 -43 303 12.62 17.00 4.38 3.30 2.68 1.93
(MORE TO FOLLOW) Dow Jones Newswires
February 12, 2016 02:00 ET (07:00 GMT)
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD058 475310.46 7509662.18 99.94 196.92 -43 303 58.95 68.28 9.33 6.50 7.78 0.75 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD058 475310.46 7509662.18 99.94 196.92 -43 303 70.50 79.15 8.65 6.80 6.30 0.58 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD059 475258.31 7509707.74 99.82 205.00 -66 165 38.65 43.71 5.06 2.20 4.98 0.14 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD060 475309.16 7509659.63 100.05 60.08 -46 249 7.17 18.80 11.63 3.80 5.95 7.34 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD061 475309.94 7509662.13 99.98 135.51 -40 289 116.67 130.63 13.96 5.70 16.79 6.93 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD062 475310.00 7509662.00 100.00 171.00 -39 284 45.49 50.51 5.02 3.75 2.87 0.06 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD062 475310.00 7509662.00 100.00 171.00 -39 284 146.19 157.43 11.24 3.80 10.90 8.69 Central Diamond NLDD063 475258.70 7509706.73 99.70 154.29 -69 151 39.00 49.31 10.31 5.50 12.51 2.59 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Central Diamond NLDD063 475258.70 7509706.73 99.70 154.29 -69 151 57.38 64.25 6.87 2.90 5.78 0.48 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North Diamond NLDDK034* 475079.82 7509909.61 289.48 60.96 -51 326 46.22 50.63 4.41 3.70 13.88 1.33 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North Diamond NLDDK035* 475079.58 7509908.77 289.67 74.57 -62 9 37.81 42.46 4.65 4.10 8.98 5.86 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- 5Level Diamond NLDDK043 475188.90 7509825.09 170.45 50.32 -24 201 25.11 29.80 4.69 3.45 17.28 0.00 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- 5Level Diamond NLDDK053 475137.11 7509854.24 171.87 33.60 -1 238 14.73 19.50 4.77 4.30 32.85 0.09 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- 5Level Diamond NLDDK054 475135.71 7509854.98 172.11 33.00 2 262 20.44 25.00 4.56 4.55 1.83 0.27 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- 5Level Diamond NLDDK055 475183.02 7509815.64 170.95 25.50 -2 176 8.97 13.95 4.98 3.85 19.83 0.03 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- 5Level Diamond NLDDK058 475166.68 7509833.10 170.33 34.50 -41 223 11.91 19.91 8.00 3.75 9.59 3.01 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- Table 1: Significant intercepts table (continued) ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Location Hole_Type Hole_ID NAT_East NAT_North NAT_RL Max_Depth Dip Azimuth mFrom mTo IntervalWidth TrueWidth Zn_pct Pb_pct ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North Diamond NLDDK070 475252.79 7509727.19 118.98 60.00 -17 289 21.67 25.22 3.55 3.55 15.63 1.01 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North Diamond NLDDK071 475252.81 7509727.20 118.81 64.50 -25 300 17.15 29.61 12.46 7.30 14.91 3.18 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North Diamond NLDDK071 475252.81 7509727.20 118.81 64.50 -25 300 45.00 50.00 5.00 4.50 9.31 13.59 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North Diamond NLDDK072 475252.78 7509727.04 118.80 90.00 -31 287 10.98 15.64 4.66 4.60 2.33 3.87 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North Diamond NLDDK072 475252.78 7509727.04 118.80 90.00 -31 287 70.63 82.00 11.37 9.30 2.56 1.99 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North RC NLRC110 474976.54 7510037.21 309.46 25.00 -56 43 10.00 14.00 4.00 3.10 1.61 0.06 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North RC NLRC111 474948.87 7510006.53 306.40 60.00 -51 51 44.00 48.00 4.00 3.90 6.50 0.79 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North RC NLRC112 475004.25 7510005.28 309.46 30.00 -68 40 19.00 22.00 3.00 2.85 3.04 0.03 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North RC NLRC113 475021.63 7509959.03 308.21 65.00 -60 40 41.00 54.00 13.00 13.00 8.55 4.41 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North RC NLRC114 475037.60 7509946.17 309.18 64.00 -52 40 36.00 46.00 10.00 9.90 9.22 0.43 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North RC NLRC115 475089.64 7509909.56 311.57 69.00 -59 43 58.00 61.00 3.00 3.00 4.27 0.93 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North RC NLRC120 475029.62 7509952.60 308.69 63.00 -57 41 37.00 44.00 7.00 7.00 2.09 4.57 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- ------- North RC NLRC121 474997.64 7509987.38 308.46 60.00 -55 41 42.00 47.00 5.00 4.80 5.44 2.31 ---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- -------
(MORE TO FOLLOW) Dow Jones Newswires
February 12, 2016 02:00 ET (07:00 GMT)
No Significant
5Level Diamond NLDDK036** 475221.82 7509770.51 169.25 20.00 -45 127 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK037** 475220.28 7509773.63 169.60 26.70 -53 130 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK038 475188.81 7509825.46 170.10 69.26 -41 218 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK039 475189.22 7509825.12 170.65 50.74 -8 183 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK040 475187.52 7509827.70 170.00 7.39 -40 234 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK041 475185.06 7509826.50 170.41 55.00 -15 247 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK042 475187.52 7509827.70 170.00 6.57 -5 273 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK044 475187.57 7509827.76 170.17 34.20 -36 252 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK045 475189.60 7509826.43 170.11 111.74 -45 227 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK046 475188.88 7509826.64 170.07 11.97 -46 239 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK047 475188.90 7509825.13 170.16 56.30 -36 201 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK048 475188.42 7509825.28 170.08 91.19 -53 226 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK051 475140.25 7509852.14 171.87 26.36 1 190 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK052 475138.49 7509853.34 171.79 26.30 -3 213 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK056 475180.30 7509818.59 170.87 21.00 1 227 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK057 475178.79 7509820.52 170.91 8.56 1 268 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK059 475166.80 7509832.69 172.68 27.00 42 228 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK060 475156.99 7509842.86 170.70 30.00 -38 220 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK061 475180.53 7509819.01 169.66 52.00 -40 223 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK062 475183.02 7509815.64 170.95 27.00 2 204 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK063 475177.87 7509822.03 171.13 37.50 0 292 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
5Level Diamond NLDDK064 475137.08 7509854.22 171.70 27.00 -4 218 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
(MORE TO FOLLOW) Dow Jones Newswires
February 12, 2016 02:00 ET (07:00 GMT)
North Diamond NLDDK065 474980.39 7509997.44 277.14 79.50 -9 98 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
Table 1: Significant intercepts table (continued)
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
Location Hole_Type Hole_ID NAT_East NAT_North NAT_RL Max_Depth Dip Azimuth mFrom mTo IntervalWidth TrueWidth Zn_pct Pb_pct
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- -------------- ---------- ------- -------
No Significant
North Diamond NLDDK066 474980.11 7509997.57 276.66 57.00 -29 96 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
North Diamond NLDDK067 474979.59 7509998.39 277.51 54.00 -1 81 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
North Diamond NLDDK068 474980.75 7509996.65 276.48 52.50 -27 5 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
North Diamond NLDDK069 474979.94 7509997.89 276.71 52.50 -21 91 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
North RC NLRC116 475081.17 7509899.52 311.57 88.00 -60 42 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
North RC NLRC117 475140.76 7509869.16 311.57 60.00 -59 47 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
North RC NLRC118 475142.35 7509857.23 311.57 70.00 -59 44 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
North RC NLRC119 475092.84 7509931.19 311.57 50.00 -58 68 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
No Significant
North RC NLRC122 475173.93 7509835.94 314.05 65.00 -49 46 Intercepts
---------- ----------- ------------ ---------- ----------- ------- ---------- ---- -------- ------- ------- ----------------------------------- -------
* Holes reported in MRE update of 19 September 2014, but true widths have been updated to reflect the current geological interpretation
** Geotechnical holes drilled and not sampled.
Significant Intercepts are based on the following criteria:
-- Minimum intercept length 3 m -- Maximum internal waste 1 m -- Cutoff Pb/Zn combined 1 %
-- True thickness lengths were obtained by measuring intercepts manually from a perpendicular-to-dip sectional review. Lengths are approximate due to the variable nature of the lodes.
Diamond core samples were half core samples and are selectively sampled based on observable sulphide mineralisation. Approximately one metre of waste is sampled either side of mineralisation. RC drill holes were sampled on one metre intervals and was half-split using a riffle splitter to collect a 2 - 2.5 kg sample that was sent for analysis.
Samples were prepared and analysed for iron, lead and zinc (as well as As, Ca, Co, and Cu) at Bureau Veritas Namibia (Swakopmund). They were fused with sodium peroxide, dissolved in dilute HCL and analysed by Inductively Coupled Plasma (ICP) Optical Emission Spectrometry. Sample pulps were sent from Bureau Veritas to the Inspectorate of Metals and Minerals, Rustenburg, South Africa for silver analysis (as well as Bi, In, Sb and Sn) using a mixed acid digest (including Hydrofluoric, Nitric, Hydrochloric and Perchloric Acids) with an Inductively Coupled Plasma (ICP) Mass Spectrometry finish. Silver assay results are pending and will be reported once they are received.
The Quality Assurance Quality Control (QAQC) programme included certified reference materials (CRMs) from African Mineral Standards (AMIS) in Johannesburg, South Africa; blanks and duplicate samples. QAQC results were monitored and where issues were noted, the laboratories were requested to re-assay the affected samples. The metal values in the above table have all passed the QAQC process, although batches from drill holes NLDD054, NLDD055, NLRC110, NLRC111, NLRC112, NLRC113, NLRC114, NLRC120 and NLRC121 were re-assayed due to QAQC failures in the original assaying. Silver values have not been reported at this stage due to problems with the ICP MS machine at the Inspectorate delaying the re-assay of affected silver samples (which originally failed the QAQC process).
Drilling already completed helps to inform the targeting of the 3,800m resource expansion drilling campaign that is currently ongoing and which was announced by the Company on 13 November 2015. This resource expansion drilling campaign is targeting mineralisation below the Northern part of the existing orebody as well as the Southern part.
The Company is targeting the release of an updated JORC (2012 Edition) resource statement by the end of the second quarter of 2016, which will include all the drilling done after the last MRE update and the current resource expansion drilling campaign.
As previously announced, the Company received from the Ministry of Mines and Energy in Namibia a Notice of Preparedness to Grant the mining licence for the Namib Lead and Zinc Project subject to a number of conditions. The Company has until the 28(th) February 2016 to accept the Notice and then 60 days to submit proposals in relation to these licence conditions. The proposals need to be agreed with the Ministry ahead of the issue of the mining licence. The notice is dated 28 January 2016 and more details pertaining to that can be read on the Company website.
As per the requirements of the disclosure of Exploration Results under JORC (2012 Edition), JORC Table 1 can be found at the following link:
http://www.rns-pdf.londonstockexchange.com/rns/7809O_2-2016-2-11.pdf
The information in this release that relates to Exploration Results is based on information compiled by Mr. Galen White, Principal Geologist of CSA Global (UK) Ltd and a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr White has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. White consents to the inclusion in this release, of matters based on his information, in the form and context which it appears.
North River CEO, James Beams, said, "I am encouraged that the results of the drilling have confirmed previous drilling and I am very pleased to share the high grade drill results from the Southern orebody. I look forward to providing regular updates on the resource expansion drilling campaign and other pre-construction work streams over the coming months".
**ENDS**
(MORE TO FOLLOW) Dow Jones Newswires
February 12, 2016 02:00 ET (07:00 GMT)
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