Preliminary Drilling Results
January 29 2008 - 2:01AM
UK Regulatory
RNS Number:7176M
Kiwara PLC
29 January 2008
29th January 2008
KIWARA PLC
('Kiwara" or the "Company')
Preliminary Drilling Results
The Board of Kiwara, the Zambian based mining exploration Company, is pleased to
announce preliminary drilling results on its base metal targets at Kalumbila,
which confirm historic results and indicate near surface copper mineralisation.
Highlights:
* Reverse circulation drilling identifies potential for bulk mining
copper deposits
* Core drilling on Kalumbila Nickel zone intersects base metal
mineralisation of 0.84% Ni and 0.32% Co at 192m depth.
Historic exploration identified distinct nickel/cobalt and copper targets, which
have been drill tested by the Company and confirmed. A reverse circulation
drilling programme has identified significant potential for new near surface
copper mineralisation.
The Company's Reverse Circulation programme of 20 boreholes focused on near
surface potential and continuity of the central copper zone and the north
eastern Nickel/Cobalt and Copper zones.
Reverse Circulation Results:
RC B/H Intersection From To Interval %TCu
(Metres) (Metres) (Metres)
LR3 Total 24 60 36 0.66
Including 33 36 3 1.33
LR4 Total 36 48 12 0.42
including 39 42 3 0.65
LR15 Total 72 93 21 0.48
Including 87 90 3 0.98
TCu = Total Copper;
Historic Roan Selection Trust results of drilling during 1960's include:
RST B/H Intersection From To Interval %TCu Distance from Direction from
LR3 (m) LR3
(Metres) (Metres) (Metres)
MM065 Total 224 236 12 1.51 1,090 ENE
MM083 Total 82 101 19 1.24 1,330 E
MM100 Total 172 182 10 1.15 720 E
MM103 Total 202 217 15 0.86 1,350 NE
MMA175 Total 430 448 18 1.00 4,200 NE
MMA 179 Total 117 133 16 1.24 2,950 WSW
The near term objective is to identify further strike potential for copper
mineralisation utilising soil geo-chemistry and drilling where appropriate.
Core Drilling Results:
The Company's Bore hole ("B/H") L1
Intersection From metres To Interval %Ni %Co %Cu
metres metres
Total 188 200 12 0.45 0.21
Including 191 199 8 0.61 0.35
Including 192 193 1 0.84 0.32
Total 230 235 5 0.39 0.10
Including 231 232 1 0.85 0.21
Total 325 326 1 2.05
Co = Cobalt; Cu = Copper; Ni = Nickel
A sketch map showing the locations of these B/Hs is at www.kiwara.co.uk/
projects.htm
Colin Bird, Chairman of Kiwara plc, commented: "We are delighted that these
results validate previous work and confirm both the Nickel/Cobalt and Copper
mineralisation. Of great significance is the indication of wide near surface
copper mineralisation. The Company will aggressively pursue both of these
targets in the short term".
For further information, please contact:
Kiwara Plc Tel: +44 (0)207 581 4477
Colin Bird, Chairman
Peter Vivian-Neal, Chief Executive Officer Tel: +44 (0) 207 584 8681
Investec Bank (UK) Limited Tel: +44 (0) 20 7597 5000
Gerard Kisbey-Green / Jan Bosch
Bishopsgate Communications Ltd Tel: +44 (0)20 7562 3366
Nick Rome
This information is provided by RNS
The company news service from the London Stock Exchange
END
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