| Wed 20 Aug 2008, 8:00 | | KWR - Kiwara Plc - Drilling Update |
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KWR
KWR
KWR - Kiwara Plc - Drilling Update
Kiwara Plc
JSE - KWR
AIM - KIW
ISIN - GB0007702953
("Kiwara" or the "Company")
Drilling Update - Kalumbila base metal drilling programme intersects 46.3m of
mineralisation grading 1.39% copper; additional 16.5m intersection grading 0.15%
cobalt
Kiwara, the Zambian based exploration Company, is pleased to announce a
significant borehole intersection from its ongoing exploration programme on the
Kalumbila base metals target
Highlights:
- Borehole L33 intersected copper sulphide mineralisation over an intersected
width of 46.3m, with an average grade of 1.39% copper (Cu); and
- 0.15% cobalt (Co) over an intersected width of 16.5m just below the copper
mineralisation;
- 31 boreholes totalling 8,862m, have now been drilled over 8.2km of strike;
- The mineralised strike potential is increasing as additional soil sample
results are received.
Kalumbila Drilling Update:
The selected length weighted mineralisation intersections within the core
borehole L33, which was inclined at -70o, are summarised in the table below:
Depth Depth Intersected Cu Co
From (m) To (m) width (m) % %
14 18.7 4.7 0.80*
140.5 186.8 46.3 1.39*
190.7 207.2 16.5 0.15*
* Weighted average
D/H L33 is situated 400m due west and along strike from previously identified
mineralisation at the dip section intersected by the Company`s boreholes L27,
LR3, L29 and L31.
The Company has now drilled 31 core boreholes totalling 8,862m at Kalumbila, 21
of which are still to be assayed. This drill programme covers an extensive 8.2km
of strike and indicates mineralisation extends close to surface.
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 excellent and
support the board`s assertion that Kalumbila is potentially a very significant
bulk mining target. The Company will continue to aggressively drill Kalumbila
with the objective of developing an inferred mineral 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 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
20th August 2008
Sponsor: Investec Bank Limited
Date: 20/08/2008 08:00:02 Produced by the JSE SENS Department.
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