London, England — 26 June 2013 – North River Resources “’ headquartered in London with subsidiaries in Mozambique and Namibia “’ has commenced drilling at its flagship Namib lead/zinc mine in Namibia to verify the overall extent of the ore beneath, and around, the historic mine and to provide a better understanding of its commercial potential.
This proof of concept programme follows an on-going review of structural geology of the project, by Dr Neal Reynolds, an established authority on this type of deposit, according to a statement released here. His initial report has greatly assisted the company and has helped it prioritise its targeting and works programmes. Details of this review will be announced in the near future.
Three initial holes are being drilled, two of which are reverse circulation holes with diamond tails under the northern lodes, and a further RC hole on a near mine target. The board anticipates that drilling of these holes will be completed within two weeks, the statement adds.
This initial phase of drilling is not designed to prove up additional resources, but rather to verify the overall extent of the ore beneath, and around, the mine, and therefore provide a better understanding of its commercial prospectivity and guide potential resource drilling.
Following drilling the company will survey these holes with a down hole electromagnetic probe, to identify sulphide anomalies and ore at a depth of around 400m below surface. The company will update the market once results are known.
North River managing director Martin French said, “We are pleased that our work on the Namib project is moving from purely desk-top reviews to a phase of operations on the ground. We are now concurrently working on several programmes on different aspects of the project and making good headway.”
Source: North River Resources. For more information, click here.