North RiverResources strikes gold

North River Resources has identified gold anomalies at its 100% owned Ubib copper and gold project in Namibia. Soil sampling carried out on the Tsawichas target has shown peak values of up to 3 grams per tonne of gold. The area's three distinct anomalies, which the firm believes to be connected, will all be drill tested to confirm gold mineralisation. North River managing director David Steinepreis said: "These results provide further encouraging evidence of near surface gold mineralisation. They underpin the prospectivity of the area, which is located just 15km from AngloGold Ashanti's Navachab Gold Mine, which has a current resource of over 5m ounces of gold at 1.15g/t."This programme of soil sampling has demonstrated a 3km strike length, with three distinct visible gold anomalies, which we believe have the potential to be connected, will be tested by a drilling programme."We also await results from our recently completed reconnaissance soil sampling on the Bergrus and Tsawisis targets, as we build our geological understanding of the wider Ubib Project area, and look to confirm its resource potential."The three anomalous zones are separated by two areas where soil sampling was either ineffective or not conducted as a result of transported over burden, the firm added.The share price rose 20.97% to 1.88p by 08:33. NR