Namib Lead/Zinc Project

North River Resources holds 100% of the Namib Lead Zinc Project, which is centred on the previously producing Namib Lead Mine, which was in operation from 1965-1992.  The underground mine remains semi-developed and preliminary metallurgical test work undertaken yielded favourable results indicating good separation of Lead (Pb) and Zinc (Zn) with high recoveries and grades.

A detailed diamond and RC drilling programme designed to validate remaining underground and tailings resources where historic non code compliant estimates of 1.65 Mt grading 5.7% Zn, 1.6% Pb and 40g/t Ag have been calculated was initiated by Kalahari Minerals.  Down hole electromagnetic geophysical surveys have successfully been used to identify and confirm conductors outlining potential continuity and attitude of ore bodies along strike and at depth over all four of the known ore bodies at the Namib Project.  RC drilling results to date (15,929m sub-surface and 1,450m on tailings dump) have confirmed historical grade intercepts and thicknesses and are ongoing in order to define a code compliant inferred/indicated mineral resource.

Initial metallurgical test work has demonstrated the feasibility of producing saleable lead and zinc concentrates with good recoveries being obtained. An initial scoping study estimating CAPEX requirements was also initiated by Kalahari Minerals, which was completed in October 2008.