RNS Number : 5424X
  Kiwara PLC
  26 June 2008
   

    JSE - KWR
    AIM - KIW
    ISIN - GB0007702953

    26th June 2008

    Kiwara plc

    ("Kiwara" or the "Company")

    Drilling Update - Kalumbila base metal drilling programme intersects high grade Uranium mineralisation below copper horizon


    The board of Kiwara, the Zambian based exploration Company, is pleased to announce a significant drill hole assay result for uranium
from its ongoing exploration programme on the Kalumbila base metals target. 

    Highlights:  

    *     Drill Hole L31 assayed 1.49% Uranium over a 3m intersection, including 6.16% uranium over 74cm
    *     Drill Hole L31 also intersected two wide zones of copper mineralisation above the uranium intersection

    Kalumbila Drilling Update:

    Diamond drill hole L31 (-70 inclination) returned the following assay results:

    The summary results of D/H L31 are:

 Depth  Depth   Intersection   Copper  Uranium
 From   To (m)       (m)         %        %
  (m)
  106   120.3       14.3       0.68*
 133.4  148.8       15.4       0.76*
  203    206          3                 1.49*
 203.8  204.54      0.74                6.16
    * Weighted average


    D/H L29, situated 150m north and down dip of D/H L31 returned assay results of 0.63% copper over 9m from 106m and 1.15% copper over 55m
from 124m 
    (previously announced 27th May 2008). 

    Following the positive assay results from D/H L31, the Company continues to drill further up-dip of L31 and along strike with the
intention of testing depth and continuity of the mineralised body. 

    The assays of the core samples from this drill hole were carried out by Alfred H Knight of Kitwe, Zambia (for base metals) and Alfred H
Knight, Merseyside, England (for Uranium, by ICP); both being internationally accredited laboratories (SANAS, UKAS, QMS)

    Colin Bird (Chairman) said: 
    "The results from this borehole are very exciting and may provide a bonus to the potential of Kalumbila as the Uranium would generate a
valuable credit. 
    The Company continues with its aggressive exploration programme with the objective of advancing the Kalumbila target to a
drill-indicated resource and proceeding to feasibility study."

    About Kiwara:
    Kiwara is an exploration company with a focus on base metals in the Republic of Zambia, which is a major copper producing country.
    Kiwara, through its majority owned subsidiary, Kalumbila Minerals, holds Prospecting Licence 267 which is within the Kabompo Dome in
North Western Zambia, a complex poly-metallic geological feature, thought to contain abundant multi metal targets. This is within the area
considered to be the western extension of the Copperbelt, an increasingly significant mining area that contains the new Kansanshi and
Lumwana copper mines. 



    For further information, please contact:
    Kiwara Plc                                                             Tel: +44 (0)207 581 4477
    Colin Bird, Chairman

    Peter Vivian-Neal, Chief Executive Officer        Tel: +260 (0) 211 293899

    Investec Bank, Johannesburg
    Robert Smith                                                          Tel: +27 (0) 11 286 7326

    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
 
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