29th Apr 2014 09:30
North River Resources plc / Ticker: NRRP / Index: AIM / Sector: Mining
29 April 2014
North River Resources plc
("North River" or the "Company")
Namib Lead Zinc Silver Project Update
North River is pleased to report that it has submitted an application for a Mining Licence for the Namib Lead zinc silver mine with the Ministry of Mines and Energy in Namibia. The Company has also applied for a renewal of the EPL 2902, in which the mine is located and which contains a number of near mine exploration targets integral to the project.
Work on the Feasibility Study has been delayed due to the slow completion of metallurgy testing. In the meantime we are continuing to perform value optimisation on the various studies. The Company currently anticipates the study to be completed in approximately two months and will keep shareholders informed of future developments.
Corporate Video
The Company has today posted a video entitled 'Namib mine site visit' on its website. This provides investors with an up-to-date and detailed site visit and presentation of all major aspects of the project. It is narrated by North River staff and consultants and lasts around 20 minutes.
Martin French, Managing Director, said, "The submission of the Mining License at Namib is a significant development milestone for the Namib Lead Zinc Silver Project. We had hoped to finalise the Feasibility Study at the same time. However, this is a complex set of reports and it is important to bring all the elements together properly by review. We hope investors and other interested parties take the opportunity to watch through our video, a "virtual site visit" we have just completed at the Namib project."
**ENDS**
For further information please visit www.northriverresources.com or contact:
Martin French | North River Resources Plc | Tel: +44 (0) 20 7930 6966 |
Andrew Emmott Ritchie Balmer | Strand Hanson Limited | Tel: +44 (0) 20 7409 3494 |
Will Slack | Pareto Securities Limited | Tel: +44 (0) 20 7786 4370 |
Andrew Monk Andrew Raca | VSA Capital Limited | Tel: +44 (0) 20 3005 5000 |
Susie Geliher Elisabeth Cowell | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
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