21st Dec 2006 11:52
Namibian Resources PLC21 December 2006 21 December 2006 Namibian Resources PLC 9 Monthly Progress Report Namibian Resources ('Namibian'), the AIM-quoted diamond mining group, announcesan update with regards to the sampling campaign in the Annatal area. Thesampling campaign is an important part of the exploration programme at Annatalas it will provide key data relating to grade and value per carat. CEO's statement - Encouraging sampling results from Annatal area In our six monthly report we advised of our intention to undertake a samplingprogramme on the Annatal area just north of East Saltztal. This was due toground water restricting our mining activities on the East Saltztal. TheAnnatal area is approximately 2km long and is 300 meters wide narrowing toapproximately 150 meters from north to south. So far we have completed ten trenches in blocks of 3 meters by 30 meters. Allof the trenches have proved positive and the average size has exceeded theindications from the old German sampling records of .25 to 1 carat. In certaintrenches water was encountered at depth from seepage which has slowed thesampling programme. However, the weather has been good and the East Saltztalhas dried sufficiently to continue mining from 2nd January. The West Saltztalwater has receded somewhat and a further small pocket has been discoveredcontaining some 200 carats north of the flooded area. Our consultant geologist is in course of analysing our sampling results in orderto establish the grade (carats per hundred tons) so as to prove viability formining. The result will be announced as soon as available although some furtherwork may be required. During this quarter we produced a total of 628 carats comprising re-circulationof old tailings and sampling recovery. Tailings are processed during theintervals between sampling recovery. It is reassuring that carat production inthe year to date has now exceeded the production for the whole of the lastfinancial. We are confident that the sampling programme will provide aprofitable mining programme when the East & West Saltztal resources areexhausted. A C A Carlton Chief Executive Officer About Namibian Namibian Resources Plc is an AIM-quoted diamond producer with project inNamibia. For further information please refer to our website at www.namibianresources.comor contact: Tony Carlton, CEO +44 (0)20 8726 0900Chris Rollason, Collins Stewart Europe Limited +44 (0)20 7523 8350 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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