The first stage “proof of concept” drilling and electromagnetic surveying at Namib Lead Zinc Mine boasts encouraging results.
“We are very pleased with results of this ‘proof of concept’ phase of drilling and down hole electromagnetic surveying at our Namib Lead Zinc Mine,” says Martin French, Managing Director of North River, the resource development company focused on base metal assets in Namibia. “It gives enhanced confidence of deep mineralised extensions to the Southern and Junction ore-bodies.
“It is also encouraging that our first exploration of a near mine target discovered mineralisation at depth. The Company is now moving ahead to focus on resource expansion, and the required studies for the Mining Licence application.”
Encouraging electromagnetic survey results indicate deep mineralisation under the Namib Lead Zinc Mine Southern ore-body. 42cm of mineralisation was intercepted, with 7.8% zinc, 0.08% lead, 7ppm silver and 10.3ppm indium at 382m below surface and is the deepest mineralisation yet discovered at Namib.
Survey results will guide future drilling and, together with desk top reviews of tailings, in-situ ore and of the Northern ore-bodies, will enhance maiden JORC resource of 668,000 tonnes at 6.6 % zinc, 2.5 % lead and 46 g/t silver.
A Pre-Feasibility Study is underway ahead of a Feasibility Study at Namib to advance development and subsequent Mining Licence application.