RNS Number : 7499F
  Kiwara PLC
  14 October 2008
   

    JSE - KWR
    AIM - KIW
    ISIN - GB0007702953
    14th October 2008


    Kiwara plc

    ("Kiwara" or the "Company")

    Drilling Update - Borehole L35 confirms copper mineralization at Kalumbila consistent with previously reported borehole results, and it
also contains a deeper zone with notable grades of copper, cobalt and nickel in association


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, within its License 267 exploration area.


    Highlights:

    *     Borehole ("B/H") L35 intersected three zones of mineralization containing copper (Cu), nickel (Ni) and cobalt (Co) sulphides;
    *     Using a 0.3% Cu cut off the zones are:
    -     16.90m with average grade of 0.70% Cu from a borehole depth of  87.10m;
    -  42.40m with average grade of 0.86% Cu, including a 20.10m zone with an average grade of 1.16% Cu, from 164.90m; and
    -    5.52m with an average grade of 0.72% Cu from a borehole depth of 280.08m, 2.60m with average grade of 0.22% Co from a depth of
285.1m, and 1.64m with an average grade of 0.46% Ni, also from a depth of 285.1m.

    Kalumbila Drilling Update:

    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     Ni     Co
             From   To (m)                           %      %      %
             (m)
 Zone 1     87.10   104.00          16.90          0.70*    -      -
 Zone 2     164.90  207.30          42.40          0.86*    -      -
 Including  184.20  204.30          20.10          1.16*    -      -
 Zone 3     280.08  285.60          5.52           0.72*    -      -
 Zone 3     285.10  287.70          2.60             -      -    0.22*
 Zone 3     285.10  286.74          1.64             -    0.46*    -
    * Weighted average

Core B/H L35, was inclined at -70o. and is situated 400m west along strike of previously identified mineralisation in the Company*s B/H L33,
and 800m west of the mineralisation in the cross section containing the B/Hs L27, LR3, L29, L31 and L34. A further twenty boreholes have
been completed to test the extent of this mineralization, and assay results will be reported when received by Kiwara.

    The Company correlates the upper two zones reported in B/H L35 as being a part of a fold structure initially interpreted from logging of
B/Hs drilled to the east. The multi-base metal results of the lower zone may suggest that pre-existing pyrite and pyrrhotite, containing the
reported nickel and cobalt, has been partially replaced by copper bearing chalcopyrite. Geological work is in progress by Kiwara geologists
to prove the assumption that the mineralisation reported may correlate with a soil geo-chemistry anomaly existing to the south of B/H L35,
and extending westward. 

    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 borehole L35 are encouraging since the intersected grades and widths are significant and
the results prove further strike continuity of the Kalumbila target. Furthermore, the presence of nickel and cobalt in the borehole ,
situated 4.5km along strike from the historic nickel zone, increases the potential for this to be a significant credit in the Company's bulk
base-metal mining target at Kalumbila."
    
 
    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
 
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