| Thu 26 Jun 2008, 8:00 | | KWR - Kiwara Plc - Drilling Update - Kalumbila Base Metal Drilling Programme |
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KWR
KWR
KWR - Kiwara Plc - Drilling Update - Kalumbila Base Metal Drilling Programme
Intersects High Grade Uranium Mineralisation Below Copper Horizon
Kiwara plc
JSE - KWR
AIM - KIW
ISIN - GB0007702953
("Kiwara" or the "Company")
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 (m) To (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
Sponsor: Investec Bank Limited
Date: 26/06/2008 08:00:01 Produced by the JSE SENS Department.
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