Kawako drilling update
August 26 2009 - 4:30AM
UK Regulatory
TIDMKIW
RNS Number : 0218Y
Kiwara PLC
26 August 2009
JSE - KWR
AIM - KIW
ISIN - GB0007702953
26 August 2009
Kiwara plc
("Kiwara" or the "Company")
Kiwara intersects further high grade nickel mineralisation at Kawako
The board of Kiwara, the Zambian based exploration Company, is very pleased to
announce further results of its follow-up drill programme at Kawako, which
continue to intersect high grade nickel.
Highlights:
* Two further boreholes, KW4 and KW5 drilled on the Kawako nickel target;
* Borehole ("B/H") KW4 intersected 12.22m grading 3.03%Ni from 87.50m; this
intersection includes 7.30m grading 4.56%Ni from 91.95m;
* KW4 is 300m south from KW2;
* KW4 has a further intersection of 9.62m grading 0.94%Ni from 128.38m;
* KW5 intersected 3m grading 0.51% Ni from 173m.
Colin Bird (Chairman) says: "We are very pleased with the high grade results
from KW4. We continue to drill the target with the mission of extending strike
and increasing tonnage."
Background:
On 18th August 2009 the Company announced the first results of its follow-up
drilling programme at Kawako where in 2008, two boreholes, 900m apart,
intersected high grade nickel mineralisation hosted in schists on the
anticipated margin of a historically identified carbonaceous shale unit and on a
Ni soil anomaly.
Kawako Drilling Results:
B/Hs KW4 and KW5 are core boreholes drilled vertically. KW4 was drilled 300m
south from the initial reconnaissance b/h KW2 and 1,052m from KW3, as an
'in-fill' b/h; there is very good correlation between KW4 and the results
obtained in KW2, thus suggesting continuity of mineralisation. KW5 was drilled
650m SW of KW2 and west of the perceived strike of the host unit to determine
dip and lithological continuity.
The selected length weighted mineralised intersections for which a cut-off grade
of 0.25%Ni was applied, are summarised in the table below:
+--------------+-------------+--------------+------------+-------------+----------+
| B/H | | Depth | Depth |Intersected | Ni |
| | | From (m) | To (m) | width (m) | % |
+--------------+-------------+--------------+------------+-------------+----------+
| KW4 | | 87.50 | 99.72 | 12.22 | 3.03* |
+--------------+-------------+--------------+------------+-------------+----------+
| | including | 91.95 | 99.26 | 7.31 | 4.56* |
+--------------+-------------+--------------+------------+-------------+----------+
| | | 128.38 | 138.00 | 9.62 | 0.94* |
+--------------+-------------+--------------+------------+-------------+----------+
| | | 151.00 | 159.50 | 8.50 | 0.29* |
+--------------+-------------+--------------+------------+-------------+----------+
| KW5 | | 173.00 | 176.00 | 3.00 | 0.51* |
+--------------+-------------+--------------+------------+-------------+----------+
* Weighted average
The assays of the core samples from this borehole were carried out by SGS
Inspection Services Ltd, Kalulushi Laboratory, Zambia being an internationally
accredited laboratory.
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.
This release has been approved by Colin Bird, who is Executive Chairman of
Kiwara, Chartered Engineer and a fellow of The Institute of Materials, Minerals
and Mining.
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
Sasfin, Johannesburg
Brian Christie, Corporate Finance Tel: +27 (0) 11 809 7511
FinnCap, London
Matthew Robinson, Corporate Finance Tel: +44 (0)20 7600 1658
Bishopsgate Communications Ltd
Michael Kinirons Tel: +44 (0)20 7562 3359
This information is provided by RNS
The company news service from the London Stock Exchange
END
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