Ubib Gold/Copper Project

North River Resources owns 100% of the Ubib Copper/Gold Project which is located 15km south-west of Namibia’s longest producing gold mine, the four million ounce Navachab Gold Mine.  A 1.4km of laterally continuous gold in soil anomaly has been identified within a Ferruginous shear zone.  Best rock chip assay from the targeted drill area returned 10 g/t Au and 1.6 g/t Ag. 

A total of 10 DD holes (2 abandoned) were completed for 2,209.6m testing two soil anomalies, the first over 1km of strike and the second, 1.7Km to the NE, over 400m of strike.  All holes returned elevated gold values with best assays being:

  • 1.25 m @1.17 g/t Au, 1.86 g/t Ag, 0.1% Pb
  • 3m @ 3.74 g/t Au, 1.56 g/t Ag.
  • 2.25m @ 5.97g/t Au, 1.86 g/t Ag 

The drilling in the NE lies in close proximity to a major thrust and it may have potential for greater mineralised widths than have been intersected to date.  Evidence of chlorite/amphibolite/ hematite/sulphide alteration within quartzites at this locality suggests a major hydrothermal system exists in the area.  Defining potential mineralisation associated with this alteration zone will form the focus of exploration going forward.