KIW Kiwara

    RNS Number : 4733D
  Kiwara PLC
  16 September 2008
   

    JSE - KWR
    AIM - KIW
    ISIN - GB0007702953
    16th September 2008


    Kiwara plc

    ("Kiwara" or the "Company")

    Drilling Update - Kalumbila base metal drilling programme intersects mineralised package of 55.70m grading 0.60%copper in borehole L34


    Kiwara, the Zambian based exploration Company, is pleased to announce a further significant borehole intersection from its ongoing
exploration programme of the Kalumbila base metals target. 


    Highlights:

    *     Borehole ("B/H") L34 intersected a mineralised package of 55.70m from 64.9m depth with an average grade of 0.60% copper.
    *     Using 0.3% cut off the mineralised package contains three zones of copper sulphide mineralisation, two shallower than 100m from
surface. 
    *     The first zone intersected width of 13.28m, with an average grade of 1.20% copper (Cu), including 8.50m at an average grade of
1.67%Cu.
    *     The second zone intersected a width of 12.70m with an average grade of 0.65% Cu, including 3.50m at average grade of 1.10% Cu.
    *     The third zone intersected a width of 3.00m with an average grade of 0.64%Cu.
    *     L34 was drilled on the cross section that is currently interpreted to have a mineralised dip extent of some 385m. Assay results
from subsequent up-dip drilling, which are awaited, may extend the cross sectional interpretation of mineralisation and report the
mineralised package closer to surface.



    Kalumbila Drilling Update:

    Core borehole L34, which was inclined at -70o, contains an intersected mineralised package of 55.70m from 64.9 to 120.60m and with an
average grade of 0.60%Cu.

    The selected length weighted mineralised intersections for which a cut-off grade of 0.3%Cu was applied, are summarised in the table
below:

   Zone     Depth   Depth   Intersected width (m)   Cu
             From   To (m)                           %
             (m)
 Zone 1     64.90   78.18           13.28          1.20*
 Including  68.90   77.40           8.50           1.67*
 Zone 2     86.90   99.60           12.70          0.65*
 Including  91.90   95.40           3.50           1.10*
 Zone 3     107.60  110.60          3.00           0.64*
    * Weighted average


    D/H L34 is situated 100m due south of, and up-dip from previously identified mineralisation in the cross section containing the
Company's boreholes L27, LR3, L29 and L31. This section has now been determined to have a dip extent of 385m from L27 up-dip to L34. Two
further B/Hs have been drilled up dip of L34 at 100m spacing, which await assay results.



    The assays of the core samples from this borehole were carried out by Alfred H Knight of Kitwe, Zambia being an internationally
accredited laboratory (SANAS, UKAS, QMS)

    Colin Bird (Chairman) said: "The results from this borehole are good since the intersected grades and widths are significant and dip
continuity is proven. Should the boreholes that have been drilled and await assay support our belief that the mineralised package reports
close to surface, and assuming strike continuity, then Kalumbila is moving towards the Company's assertion that a near surface bulk mining
project can be developed."


    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 geologically complex antiformal feature, which contains a number of base metal and uranium targets. This is within
the area considered to be the western extension of the Copperbelt, an increasingly significant mining area that contains the recently
developed 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 / Gavin Hall                                     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
 
  END 
 
DRLEELFFVKBFBBL

Kiwara (LSE:KIW)
Historical Stock Chart
From Jun 2024 to Jul 2024

Kiwara (LSE:KIW)
Historical Stock Chart
From Jul 2023 to Jul 2024