| Tue 23 Sep 2008, 8:00 | | KWR - Kiwara - Kiwara intersects wide intersections of exceptionally high grade |
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KWR
KWR
KWR - Kiwara - Kiwara intersects wide intersections of exceptionally high grade
nickel mineralisation close to surface at Kawako
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")
23rd September 2008
Kiwara plc
("Kiwara" or the "Company")
Kiwara intersects wide intersections of exceptionally high grade nickel
mineralisation close to surface at Kawako
The board of Kiwara, the Zambian based exploration Company, is very pleased to
announce the results of its initial drill programme at Kawako that has
intersected wide mineralised packages that include exceptionally high grades of
nickel.
Highlights:
Reconnaissance drilling follows up identification of nickel soil anomalies and
grab samples
Borehole ("B/H") KW1 intersected 53.50m grading 1.07%Ni from 29.50m; this
intersection includes 20.20m grading 2.16%Ni from 62.80m
B/H KW2 intersected 5.58m grading 3.20%Ni from 89.22m and 10.87m grading 6.73%Ni
from 104.30m, which includes 5.28m grading 9.78%Ni from 106.15m
B/H KW2 highest grade intersections are 1.20m at 17.41%Ni from 108.3m and 0.93m
at 15.37%Ni from 110.5m
Background:
Kawako is 12km NW of Kalumbila, within Licence 267.
Whilst conducting regional exploration across Licence 267, Kiwara geologists
established the presence of nickel at Kawako by soil geo-chemistry and the
assaying of rock chips from a historic drill collar - these assayed at grades of
1.35% and 1.42% Ni. Following this confirmation a reconnaissance drill programme
was conducted to determine the host rock and the mineralisation depth and
grades.
Kawako Drilling Results:
Both KW1 and KW2 are Core boreholes drilled vertically a distance of 870m apart
on the SE margin of the anticipated position of the carbonaceous shale unit, on
the northern edge of the Ni soil anomaly.
The selected length weighted mineralised intersections for which a cut-off grade
of 0.2%Ni was applied, are summarised in the table below:
B/H Depth Depth Intersected Ni
From (m) To (m) width (m) %
KW1 29.50 83.00 53.50 1.07*
including 62.80 83.00 20.20 2.16*
* Weighted average
B/H Depth Depth Intersected Ni
From (m) To (m) width (m) %
KW2 89.22 94.80 5.58 3.20*
104.30 115.17 10.87 6.73*
including 106.15 111.43 5.28 9.78*
including 108.30 109.50 1.20 17.41*
and 110.50 111.43 0.93 15.37*
* Weighted average
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). A 42 element analysis is being conducted. It is of note that only
traces of copper and cobalt are present in the assays.
Kiwara has carried out various checks which include re-assays, polished section
mineralogical work on sections of the core and this work is ongoing.
Colin Bird (Chairman) says: "We are delighted with these drill results which
suggest that Kawako hosts significant nickel mineralisation reporting close to
surface. An aggressive programme to further drill this target will now be
implemented."
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
Date: 23/09/2008 08:00:01 Produced by the JSE SENS Department.
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