| Tue 27 May 2008, 8:00 | | Kiwara plc - Drilling Update - Kiwara Encounters Wide Intersections Of |
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KWR
KWR
Kiwara plc - Drilling Update - Kiwara Encounters Wide Intersections Of
Potentially Open Pittable Copper Mineralisation
Kiwara plc
JSE - KWR
AIM - KIW
ISIN - GB0007702953
("Kiwara" or the "Company")
Drilling Update - Kiwara encounters wide intersections of potentially open
pittable copper mineralisation
The board of Kiwara, a Zambian based exploration company, is pleased to
announce further significant results from its ongoing drilling programme on
the Kalumbila base metals target.
Highlights:
Drill Hole L29 assayed 1.15% copper over 55 m intersection
Strike length currently in excess of 2 km
Soil sampling indicate similar potential over 5 km
Holes L28 and L30 return good bulk mining grades
Kalumbila Drilling Update:
L29 was diamond drilled 70 m south and "up-dip" of the Reverse Circulation
hole LR3 which assayed 0.66% copper over 36 m from a depth of 24 m (announced
29 January 2008).
The selected results of L29 are:
Depth Intersection Copper
(m) (m) %
106 9 0.63
124 55 1.15
The Company is drilling further up-dip of L29 to test how close the
mineralised body comes to surface. Concurrently the Company is drilling along
strike, to test for continuity of the potential 11 km strike length.
Hole L28 was drilled 2.1 km east of L29 and L30 was drilled on section with
L28. Both holes intersected good copper mineralisation and in the case of
L28 significant values of nickel and cobalt
Results of L28 and L30
D/H Depth Intersection Copper* Nickel* Cobalt*
(m) (m) % % %
L28 114 9 - 0.25 0.17
139 14 0.68 - -
219 8.5 0.77 - -
L30 53 14 0.7 - -
* weighted average
Alfred H Knight of Kitwe, Zambia an internationally accredited laboratory
(SANAS, UKAS, QMS) carried out the assays of the core samples from these
drill holes.
Colin Bird (Chairman) said: `The results from these boreholes are very
positive, especially in the case of L29, and support the Company`s earlier
comments as to the potential for near surface copper at Kalumbila. The
Company will aggressively pursue these targets with the objective of
developing a 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
27 May 2008
Sponsor: Investec Bank Limited
Date: 27/05/2008 08:00:02 Produced by the JSE SENS Department.
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