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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 : 5113R
North River Resources Plc
12 December 2016
North River Resources plc / Ticker: NRRP / Index: AIM / Sector: Mining
North River Resources plc ("North River" or the "Company")
Resource expansion drilling programme completed
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.
Highlights
* A total of 4,142 metres of resource drilling completed.
* A number of outstanding intersections continue to support strong resource upside at Namib, although overall results are not expected to grow the Indicated Mineral Resources at this stage, pending further drilling.
* Drill results indicate that refinement of the 3D geological and structural model is required prior to undertaking further drilling and that future resource development targeting is increasingly dependent on accessing additional underground drill positions as the mine is developed.
* Further to the interim drilling results announced on the 21 March and 26 April 2016, an additional 32 holes, totalling 2,959 metres are being reported in this RNS. Significant intersections of mineralisation not previously announced, include:
o NLDD072: 3.1m (true width of 2 metres) at 8.2% zinc, 28.4m (true width of 7 metres) at 33.2% zinc and 7.9m (true width of 3 metres) at 30.6% zinc
o NLDD083: 3.5m (true width of 2.5 metres) at 22.0% zinc and 9.7m (true width of 5 metres) at 18.9% zinc
o NLDDK082: 6.6m (true width of 4 metres) at 20.3% zinc and 10.2% lead
o NLDDK087: 4.3m (true width of 3 metres) at 16.4% zinc
* The Company continues discussions with the Ministry of Mines and Energy on the grant of the Mining Licence for the Namib Project and remains hopeful that this will be forthcoming in the near term.
* Cash preservation remains a priority and the Company has further reduced corporate overheads and put next step resource development and drilling plans on hold until there is clarity on the timing of moving the project forward to a construction decision.
Details of the completed drilling programme
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.
The geological framework model for the deposit continues to indicate there is no reason to suggest that mineralisation does not continue at depth, but these drilling results show that zone targeting and delineation remains challenging due to the sub-vertical lode geometry and limits of available drilling positions from which to optimise intersection angles. The Company remains confident in the upside of the Mineral Resource, as indicated by both the deep drilling intersections achieved during this latest drilling campaign, and previous down-hole electromagnetic surveying work (see press release of 6 September 2013) projecting potential mineralisation conductors to depths as far as 700 metres below surface. In the short term the Company has put drilling on hold until there is clarity on the timing of moving the project forward to a construction decision, and will concentrate on additional data re-analysis and collection from available drill core, review and interpretation of recent drilling data, and refinements to the 3D model using all available information to improve understanding of the geological structure.
Mining licence and ongoing development
"The Company continues to discuss the granting of the mining licence for the Namib Project with the Ministry of Mines and Energy, and is in the process of providing further detail to support the proposal submitted to the Ministry in April 2016 on meeting the new Mining Licence conditions.
Cash preservation remains a priority and the Company has further reduced corporate overheads and put next step resource development and drilling plans on hold until there is clarity on the timing of moving the project forward to a construction decision. A lower run rate level of expenditure going into 2017 will extend the available timeframe for the Company to firm up a development plan for the Namib Project or redefine the corporate strategy.
Competent Persons Statement
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 commented, "These drill results provide further confidence in the potential to grow the Namib mineral resource but at the same time have highlighted the challenges to achieving a step change increase in resource until a construction decision is taken and the mine is further developed during ongoing operations".
Figure 1: Long section of the Mine Looking North East
http://www.rns-pdf.londonstockexchange.com/rns/5113R_-2016-12-10.pdf
Table 1: Significant intercepts table
http://www.rns-pdf.londonstockexchange.com/rns/5113R_1-2016-12-10.pdf
* Represents holes forming part of this drilling campaign that have been reported previously in the interim announcements of 21 March 2016 and 26 April 2016
Significant Intercepts are based on the following criteria:
-- Minimum intercept length: 3 metres -- Maximum internal waste: 1 metres -- Cutoff Lead/zinc 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.
Appendix: Quality Assurance Quality Control of assay results
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.
Samples were prepared and analysed at Bureau Veritas Namibia (Swakopmund). Iron, lead and zinc samples were fused with sodium peroxide, dissolved in dilute HCL and analysed by Inductively Coupled Plasma (ICP) Optical Emission Spectrometry. Silver samples were dissolved in a multi acid digest and assayed by inductively Coupled Plasma (ICP) Optical Emission Spectrometry.
The Quality Assurance Quality Control (QAQC) programme included blanks and certified reference materials (CRMs) from African Mineral Standards (AMIS) in Johannesburg, South Africa and duplicate samples. QAQC results were monitored and where issues were noted, the laboratory was requested to re-assay the affected samples.
During the QAQC analyses for the results reported in Table 1 above, sporadic failures in the zinc, lead and silver CRMs and blanks were noted. The lab was requested to re-assay these affected QC sample as well as ten samples either side for the failed elements. Failures were either resolved or understood after re-assay.
**S**
For further information please visit www.northriverresources.com or contact:
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James Beams North River Resources Tel: +44 (0)
Plc 20 7025 7047
Andrew Emmott / Ritchie Strand Hanson Limited Tel: +44 (0)
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Jonathan Williams / RFC Ambrian Limited Tel: +44 (0)
Kim Eckhof 20 3440 6800
About North River Resources: North River Resources (AIM ticker: NRR) is a multi-asset mining exploration and development company with projects located in Namibia and Mozambique. The Company's primary focus is bringing its flagship Namib project into production. The Namib project is the restart of a high grade zinc-lead underground mine located in Namibia.
JORC Code, 2012 Edition - Table 1 - Namib Lead - Reporting of Exploration Results
December 2016
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling
techniques * Nature and quality of sampling (e.g. cut channels, * Since May 2016 20 Diamec DD (diamond) for 2,386 m and
random chips, or specific specialised industry 12 Kempe DD (diamond) for 574 m drilled. Assays have
standard measurement tools appropriate to the been received for 23 holes, 9 holes not sampled as no
minerals under investigation, such as down hole gamma mineralisation was intersected.
sondes, or handheld XRF instruments, etc.). These
examples should not be taken as limiting the broad
meaning of sampling. * Underground holes are often drilled in fans from
defined cuddies, due to drill rig accommodation and
access issues.
* Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used. * Sampling was selective over mineralized intervals and
samples were collected at 1 m intervals or to
geological boundaries, from which an average of 1.6 -
* Aspects of the determination of mineralisation that 1.8 kg of sample was collected for analysis.
are Material to the Public Report.
* NRR Standard Operating Procedures (SOP) were followed
* In cases where 'industry standard' work has been done to ensure samples are representative.
this would be relatively simple (e.g. 'reverse
circulation drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce a 30 g * Holes are selectively sampled based on observable
charge for fire assay'). In other cases more sulphide mineralisation. Samples are sent for
explanation may be required, such as where there is chemical assay.
coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g.
submarine nodules) may warrant disclosure of detailed * Approximately 1m of apparent waste is sampled either
information. side of mineralisation.
Drilling
techniques * Drill type (e.g. core, reverse circulation, open-hole * DD (NQ and BQ for Diamec holes), BX (40mm, Kempe
hammer, rotary air blast, auger, Bangka, sonic, etc.) Drilling);
and details (e.g. core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or HTYPE No. Holes Total Depth
other type, whether core is oriented and if so, by (m)
what method, etc.). ------------- ---------- ------------
DD - Diamec 20 2,386
------------- ---------- ------------
DD - Kempe 12 574
------------- ---------- ------------
Grand
Total 32 2,959
------------- ---------- ------------
* Core is not orientated
Drill
sample * Method of recording and assessing core and chip * Recovery data was collected for drill core and
recovery sample recoveries and results assessed. reviewed for the 2014 MRE. Conclusions were that core
recovery was excellent, averaging 95% recovery within
the mineralisation. Recovery dropped in breccias to
* Measures taken to maximise sample recovery and ensure 76%, however, within the mineralised lodes, recovery
representative nature of the samples. was over 90%. Recoveries from recent drilling are in
line with previous analysis and 9 holes (NLDD075,
NLDD075A, NLDD088 and NLDDK084 to NLDDK089) being
* Whether a relationship exists between sample recovery reported do not have recovery data. These holes
and grade and whether sample bias may have occurred contained no mineralised intercepts.
due to preferential loss/gain of fine/coarse
material.
* The relationship between recovery and grade of all
available diamond drilling was investigated during
the last MRE update, and no sample bias was observed.
An updated review in this area should be completed
during future MRE update work in due course.
Deviation from the conclusions previously drawn is
not expected to occur.
* Most the mineralised rock masses drilled are in
competent rock and new drilling is predominantly
underground. Recovery is not considered an issue as
regards sample representivity.
Logging
* Whether core and chip samples have been geologically * Logging was undertaken (or is in process) for all
and geotechnically logged to a level of detail to holes in the Exploration Update using standardised
support appropriate Mineral Resource estimation, logging codes which describe and summarise the
mining studies and metallurgical studies. material drilled, its geological, mineralisation and
structural characteristics and basic geotechnical
characteristics.
* Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc.) photography.
* Core photography is undertaken for all drilling.
* The total length and percentage of the relevant
intersections logged. * Currently five holes in this Exploration Update do
not have logging data in the database (geological
review in progress).
Sub-sampling
techniques * If core, whether cut or sawn and whether quarter, * Diamond core samples are half core cut with a diamond
and sample half or all core taken. saw along an orientation line to prevent preferential
preparation sampling of core as described in the SOP. Samples are
weighed.
* If non-core, whether riffled, tube sampled, rotary
split, etc. and whether sampled wet or dry.
* The laboratory splits the coarse crushed samples to
obtain duplicate samples which are analysed within
* For all sample types, the nature, quality and the sample batch.
appropriateness of the sample preparation technique.
* The sample sizes are appropriate given the grain size
* Quality control procedures adopted for all of the material
sub-sampling stages to maximise representivity of
samples.
* Measures taken to ensure that the sampling is
representative of the in-situ material collected,
including for instance results for field
duplicate/second-half sampling.
* Whether sample sizes are appropriate to the grain
size of the material being sampled.
Quality
of assay * The nature, quality and appropriateness of the * Samples from the current drill campaign were sent to
data and assaying and laboratory procedures used and whether Bureau Veritas, Swakopmund for silver, lead, zinc,
laboratory the technique is considered partial or total. iron analysis as well as density measurements.
tests
* For geophysical tools, spectrometers, handheld XRF * Lead, zinc and iron samples were fused with Sodium
instruments, etc., the parameters used in determining Peroxide and dissolved in dilute Hydrochloric acid
the analysis including instrument make and model, for analysis by ICP (OES).
reading times, calibrations factors applied and their
derivation, etc.
* Silver samples were digested with a four-acid digest
(Hydrofluoric, Nitric, Hydrochloric and Perchloric)
* Nature of quality control procedures adopted (e.g. and analysed with an ICP (OES) finish.
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(i.e. lack of bias) and precision have been * Density measurements are taken by the lab on the half
established. core samples sent to the lab -Archimedes method.
* Blanks and CRMs were inserted in the sample stream on
site. Duplicates were taken from laboratory coarse
crush samples. No external checks have been
undertaken at this stage.
* Some CRM failures have been observed (both with the
North River reference material and the Bureau Veritas
internal standards (silver). Where failures were
noted, the failed CRM and ten samples either side
were re-assayed. Failures were either resolved or
understood after re-assay.
Verification
of sampling * The verification of significant intersections by * No twinned holes have been drilled.
and assaying either independent or alternative company personnel.
* A site visit by the CP was completed between 23 May
* The use of twinned holes. and 26 May 2016 whilst drilling and sampling
activities were being completed. The following
verification activities were completed;
* Documentation of primary data, data entry procedures,
data verification, data storage (physical and
electronic) protocols. * UG inspection to level 5 to observe Kempe drill
practises (cubby 3). Observed core in holes 82 and 83
and confirmed the presence of mineralised zones in
* Discuss any adjustment to assay data. hole 82.
* Inspected Adamas rig (broken down at the time of the
visit) at the end of Level 5.
* Inspected cubby 2 and cited collar positions for
drilled fan.
* Inspection of historical sample pulps stored on Level
1.5. Confirmed material not destroyed.
* Inspection of sample pulps at the core farm
* Inspection of core processing facility and review of
SOP against observations. Logging activity being
completed at the time of the visit.
* Review of hole NLDD67 containing significant
mineralised intersection (low angle to core axis).
* Review of hardcopy data sheets related to current
drilling.
* Review of site safety procedures.
* Lab audit of Bureau Veritas lab in Swakopmund.
* A second site visit was completed by a CSA Senior
Geologist between 19 July and 23 July 2016 for the
purposes of;
- Review of the geological interpretation
and 3D geological/ mineralisation
model.
- Collaboration with site staff
and conduct training.
- Complete further review of data
collection activities.
- Make recommendations for additional
data collection.
- Assist with defining the focus
of the remainder of the drill program.
* Assay certificates for significant intersections have
been verified by CSA Global. No other physical
external verification has taken place. Significant
intersections are logged by a senior geologist and
verified by the NRR Geology Manager.
* Data is captured in excel spreadsheets and merged
into a SQL relational database (hosted by CSA
Global).
* Procedures are in place, but it is advised that these
are reviewed and updated to reflect current
practices.
* No adjustments have been made to the assay data,
apart from overwriting assay data that failed QAQC,
which has been re-assayed and QAQC passed.
Location
of data * Accuracy and quality of surveys used to locate drill * A surveyed topography of the immediate mine area was
points holes (collar and down-hole surveys), trenches, mine provided by NRR. The surface topography was surveyed
workings and other locations used in Mineral Resource and the collar positions of drillholes were also
estimation. surveyed by NRR using a Leica Robotic Total Station
TCRA1205, R100.
* Specification of the grid system used.
* Holes have been surveyed downhole with an Electromind
Sonde Probe (BDVG42) which measures magnetic
* Quality and adequacy of topographic control. deviation.
* Due to the steep to near-vertical nature of the lodes
downhole surveying is critical to project
mineralisation intercepts correctly.
* The grid system for all data points is WGS84 Zone
33S.
Data spacing
and * Data spacing for reporting of Exploration Results. * Holes in the Northern Extension were drilled on a 15m
distribution x 40m grid.
* Whether the data spacing and distribution is
sufficient to establish the degree of geological and * Data spacing in the South Mine varied.
grade continuity appropriate for the Mineral Resource
and Ore Reserve estimation procedure(s) and
classifications applied. * No sample compositing has been used.
* Whether sample compositing has been applied.
Orientation
of data * Whether the orientation of sampling achieves unbiased * All holes were drilled to try and intersect the
in relation sampling of possible structures and the extent to orebody, though not all are perpendicular due to the
to which this is known, considering the deposit type. practical necessity of underground fan drilling.
geological
structure
* If the relationship between the drilling orientation * Due to the vertical/sub-vertical nature of the lodes
and the orientation of key mineralised structures is and the limited underground access positions from
considered to have introduced a sampling bias, this which to drill, drilling can often intersect
should be assessed and reported if material. mineralisation at away from the perpendicular,
resulting in longer than 'true-width' intersections.
* Down-plunge targeting is challenging due to the
steepness and irregularity of the shoots, and
limitations n positions from which to drill.
* Drilled intercepts (and their relationship to true
widths, and therefore representivity) will be
critically evaluated during subsequent Mineral
Resource Estimation update study to address any
sampling bias that may exist.
Sample
security * The measures taken to ensure sample security. * Sample pulps are stored in a locked shed on-site, and
at Level 1.5 underground, where there is security on
duty at all times.
Audits
or reviews * The results of any audits or reviews of sampling * Data was imported into an SQL database and validated.
techniques and data. QAQC reports were produced and reviewed. Issues were
sent to the laboratory for comment and where relevant,
samples were re-assayed. QAQC was reviewed again and
the database updated.
* During the recent site visits by CSA staff in May and
July 2016, review and auditing of sampling techniques
and procedures was completed.
============= ============================================================ ===============================================================
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral
tenement * Type, reference name/number, location and ownership * NRR announced on the 26 April 2016 that its 100% held
and land including agreements or material issues with third Namibian subsidiary, Namib Lead & Zinc Mining (Pty)
tenure parties such as joint ventures, partnerships, Limited, has submitted a formal proposal to the
status overriding royalties, native title interests, Namibian Ministry of Mines and Energy ("the
historical sites, wilderness or national park and Ministry") in respect of its Namib Project mining
environmental settings. license application. The area covered by the Mining
License application (ML185) is located within the
Namib Lead and Zinc Mining (Propriety) Limited 100%
* The security of the tenure held at the time of owned EPL2902. As at December 2016 the mining license
reporting along with any known impediments to has not been granted and the company remains engaged
obtaining a licence to operate in the area. in ongoing dialogue with the Ministry in this regard.
Exploration
done by * Acknowledgment and appraisal of exploration by other * Previous drilling on the deposit was completed by
other parties. ISCOR in the late 1980's to early 1990's and by
parties Kalahari Resources in 2008.
Geology
* Deposit type, geological setting and style of * The NLZP is an intrusive-related Zn-Pb-Ag deposit,
mineralisation. stratabound within the distinctive Mine Marble Unit,
located within the Karibib Fm. of the Swakop Group.
* The Swakop Group was deposited within the Damaran
Basin between 770 Ma to 600 Ma and was then
incorporated into the Central Zone of the Damaran
orogenic belt at 550-490 Ma.
* Mineralisation post-dates ductile deformation while
brittle disruption has resulted in overturning in the
western end of the South Orebody and results in
greater complexity in the 'Junction Zone'.
* The Zn-Pb-Ag mineralisation with anomalous Cu, Sn and
In as well as F suggests a granite-related system. No
causative intrusion has been identified.
Drill
hole * A summary of all information material to the * 32 holes are reported, of which 13 had significant
Information understanding of the exploration results including a intercepts, and 19 did not have significant
tabulation of the following information for all intercepts.
Material drill holes:
* Azimuths and Dips vary significantly due to the
* easting and northing of the drill hole collar underground fan drilling of a steeply dipping to
near-vertical mineralization.
* elevation or RL (Reduced Level - elevation above sea
level in metres) of the drill hole collar * Hole lengths ranged between 40.72 to 236.60 m
(Diamec) and 25.5 to 72 m (Kempe).
* dip and azimuth of the hole
* All collars are located within the NLZP and been
captured using UTM WGS 1984, Zone 33 South.
* down hole length and interception depth
* Minimum and maximum positions are displayed below:
* hole length.
Min Easting 474981.48
-------------- -----------
* If the exclusion of this information is justified on Max Easting 475352.83
the basis that the information is not Material and -------------- -----------
this exclusion does not detract from the Min Northing 7509653.62
understanding of the report, the Competent Person -------------- -----------
should clearly explain why this is the case. Max Northing 7509962.62
-------------- -----------
Min RL 148.54
-------------- -----------
Max RL 174.33
-------------- -----------
Data
aggregation * In reporting Exploration Results, weighting averaging * Significant Intercepts were calculated on a minimum
methods techniques, maximum and/or minimum grade truncations of a 3 m drill hole intercept with 1 % combined Pb
(e.g. cutting of high grades) and cut-off grades are and Zn and a maximum internal waste of 1 m. Weighted
usually Material and should be stated. averages were used.
* Where aggregate intercepts incorporate short lengths * Core samples from 23 holes (9 holes not sampled as no
of high grade results and longer lengths of low grade intersection) ranged from 0.3 to 1.63 m (average 0.92
results, the procedure used for such aggregation m). 40 % of core samples were 1 m in length.
should be stated and some typical examples of such
aggregations should be shown in detail.
* The assumptions used for any reporting of metal
equivalent values should be clearly stated.
Relationship
between * These relationships are particularly important in the * Drilling of underground holes; drill intercepts vary
mineralisation reporting of Exploration Results. and may be parallel to mineralisation strike which is
widths unavoidable due to the limited access underground.
and intercept
lengths * If the geometry of the mineralisation with respect to
the drill hole angle is known, its nature should be * True thickness widths were obtained by measuring
reported. manually from a perpendicular-to-dip sectional
review. Lengths are approximate due to the variable
nature of the lodes, but are considered appropriate
* If it is not known and only the down hole lengths are and representative.
reported, there should be a clear statement to this
effect (e.g. 'down hole length, true width not
known').
Diagrams
* Appropriate maps and sections (with scales) and * A long section showing drillholes is included in this
tabulations of intercepts should be included for any reporting of results.
significant discovery being reported These should
include, but not be limited to a plan view of drill
hole collar locations and appropriate sectional
views.
Balanced
reporting * Where comprehensive reporting of all Exploration * Comprehensive table of intercepts in contained in the
Results is not practicable, representative reporting reporting of results.
of both low and high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.
Other
substantive * Other exploration data, if meaningful and material, * Density is analysed by the laboratory using the
exploration should be reported including (but not limited to): Archimedes principle [dry weight / (dry weight - wet
data geological observations; geophysical survey results; weight)].
geochemical survey results; bulk samples - size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock * Based on a 6.5 % zinc and 2.5 % lead plant feed grade
characteristics; potential deleterious or the recoveries based on completed metallurgical test
contaminating substances. work should be 87 % and 85 % for zinc and lead
respectively. Ag that is mostly associated with lead
should be about 80 % recovery (not calculated in the
studies).
Further
work * The nature and scale of planned further work (e.g. * NRR have completed the budgeted drill metres planned
tests for lateral extensions or depth extensions or for the current program.
large-scale step-out drilling).
* Due to the mixed nature of the drilling results
* Diagrams clearly highlighting the areas of possible returned from the recent program, significant
extensions, including the main geological increase in Mineral Resource inventory is not
interpretations and future drilling areas, provided expected at this time.
this information is not commercially sensitive.
* NRR plan to complete a more detailed review of recent
results which will include, but may not be limited to,
update of the 3D geological model in the light of new
data, complete additional structural interpretation,
collect additional data from historical RC drill
chips and refine the targeting model to develop
future drilling plans.
=============== =============================================================== ===============================================================
This information is provided by RNS
The company news service from the London Stock Exchange
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