Operations

North River Resources owns 100% of the Ubib Copper-Gold Project (EPL 3139) which is located 15km south-west of Namibia's longest producing gold mine, the four million ounce Navachab Gold Mine.

The Ubib Project area is largely underlain by rocks of the Abbabis Metamorphic Complex (AMC) which forms the basement to the Damara Supergroup in this part of Namibia. The AMC is known for numerous gold occurrences associated with megashears and it is along one of these ferruginous shears that a 1.2km laterally continuous gold in soil anomaly has been identified ('Tsawichas Target'). Best rock chip assay from the targeted drill area returned 10 g/t Au and 1.6 g/t Ag.

A total of six diamond drill-holes were completed for 1,123m testing the Tsawichas Target regional soil anomaly. 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 gold mineralisation intersected in the drill-holes is generally associated with magnetic amphibolites rocks.