| Tue 16 Sep 2008, 8:00 | | KWR - Kiwara - Drilling Update - Kalumbila Base Metal Drilling Programme |
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KWR
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KWR - Kiwara - Drilling Update - Kalumbila Base Metal Drilling Programme
Intersects Mineralised Package Of 55.70m Grading 0.60%Copper In Borehole L34
KIWARA PLC
Share code on AIM: KIW & Share code on the JSE: KWR
ISIN: GB0007702953
(Incorporated in England)
(Registration number: 01760458)
("Kiwara" or "the Company")
Drilling Update - Kalumbila base metal drilling programme intersects
mineralised package of 55.70m grading 0.60%copper in borehole L34
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
Highlights:
- Borehole ("B/H") L34 intersected a mineralised package of 55.70m from
64.9m depth with an average grade of 0.60% copper
- Using 0.3% cut off the mineralised package contains three zones of
copper sulphide mineralisation, two shallower than 100m from surface.
- The first zone intersected width of 13.28m, with an average grade
of 1.20% copper (Cu), including 8.50m at an average grade of
1.67%Cu.
- The second zone intersected a width of 12.70m with an average
grade of 0.65% Cu, including 3.50m at average grade of 1.10% Cu.
- The third zone intersected a width of 3.00m with an average grade
of 0.64%Cu.
- L34 was drilled on the cross section that is currently interpreted to
have a mineralised dip extent of some 385m. Assay results from
subsequent up-dip drilling, which are awaited, may extend the cross
sectional interpretation of mineralisation and report the mineralised
package closer to surface
Kalumbila Drilling Update:
Core borehole L34, which was inclined at -70o, contains an intersected
mineralised package of 55.70m from 64.9 to 120.60m and with an average grade
of 0.60%Cu.
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 Cu
From (m) To (m) width (m) %
Zone 1 64.90 78.18 13.28 1.20*
Including 68.90 77.40 8.50 1.67*
Zone 2 86.90 99.60 12.70 0.65*
Including 91.90 95.40 3.50 1.10*
Zone 3 107.60 110.60 3.00 0.64*
* Weighted average
D/H L34 is situated 100m due south of, and up-dip from previously identified
mineralisation in the cross section containing the Company`s boreholes L27,
LR3, L29 and L31. This section has now been determined to have a dip extent
of 385m from L27 up-dip to L34. Two further B/Hs have been drilled up dip of
L34 at 100m spacing, which await assay results.
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 good since
the intersected grades and widths are significant and dip continuity is
proven. Should the boreholes that have been drilled and await assay support
our belief that the mineralised package reports close to surface, and
assuming strike continuity, then Kalumbila is moving towards the Company`s
assertion that a near surface bulk mining project can be developed"
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
16th September 2008
Sponsor: Investec Bank Limited
Date: 16/09/2008 08:00:23 Produced by the JSE SENS Department.
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