| Mon 8 Jun 2009, 8:00 | | KWR - Kiwara plc - Drilling update - Assay results continue to confirm the |
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KWR
KWR
KWR - Kiwara plc - Drilling update - Assay results continue to confirm the
intersection of significant widths of copper mineralisation at Kalumbila
Kiwara plc
Registration number: 01760458
JSE: KWR
AIM: KIW
ISIN: GB0007702953
("Kiwara" or the "Company")
DRILLING UPDATE - ASSAY RESULTS CONTINUE TO CONFIRM THE INTERSECTION OF
SIGNIFICANT WIDTHS OF COPPER MINERALISATION AT KALUMBILA
The Board of Kiwara, the Zambian based exploration Company, is very pleased to
announce further excellent results from its ongoing drilling programme on the
Kalumbila base metals target.
Highlights:
- Three Bore Holes, L45, L49 and L52, show similar mineralisation to that
identified in the 24 previously reported core bore holes that the Company has
drilled at Kalumbila;
- Bore hole L45 records three mineralised intersections showing copper ("Cu")
grades in excess of 1% Cu;
- Bore Hole L49 has one intersection in excess of 2% Cu and one intersection in
excess of 1% Cu
- Exploration is ongoing;
- See table below for summary of bore hole assays.
Colin Bird (Chairman) said: "The Company is pleased with these results since the
frequency of intersection and consistency of grade will allow us to model the
ore body over a large area. The Company will aggressively pursue its exploration
programme at Kalumbila with the objective of developing a resource and
proceeding to feasibility study."
Kalumbila Drilling Update:
Core Bore Hole L45 was drilled 7.3km west along strike from the currently
determined north eastern end of the Kalumbila host unit, and was inclined at -
70o. The upper mineralised package extends 46m from 8m below surface to 54m,
with a weighted average grade of 0.55% Cu. This is the shallowest intersection
so far made at Kalumbila and suggests the potential for further near to surface
intersections up-dip of the Company`s current bore holes.
Core Bore Holes L49 and L52 were drilled 5.1km west along strike from the
currently determined north eastern end of the Kalumbila host unit and were both
inclined at -70o. L52 is 100m up-dip of L49. L49 has an upper mineralised
package of 62.60m over 0.59% Cu from 31m. Both bore holes contain copper oxides
in the upper mineralised intersections; L49 intersected 7.80m at 0.82% Acid
Soluble Copper ("AsCu") from 31m and L52 intersected 5.50m at 0.50% AsCu from
29.50m.
Selected Results of L45, L49 and L52
Applying a 0.30% Cu cut-off grade, the selected length weighted mineralised
intersected widths for each of the three bore holes are summarised in the table
below, which also includes the relative position, dip and orientation of each
bore hole collar:
B/H Dip/ Km west Depth Depth Intersected Copper*
Orientation on from (m) to (m) width (m) %
Strike
from NE
L45 -70/180o 7.3 8.00 20.50 12.50 0.57
Including 16.00 18.93 2.93 1.01
26.50 54.00 27.50 0.62
Including 27.20 30.72 3.52 1.58
182.04 201.75 19.71 0.71
Including 182.04 186.05 4.01 1.10
L49 -70/180o 5.1 31.00 51.00 20.00 0.90
Including 31.00 34.00 3.00 2.01
69.00 77.00 8.00 0.80
86.00 93.60 7.60 0.77
Including 87.00 90.00 3.00 1.01
116.37 119.26 2.89 0.76
162.22 166.71 4.49 0.68
L52 -70/180o 5.1 16.00 47.00 31.00 0.56
Including 29.00 34.50 5.50 0.78
94.50 99.50 5.00 0.78
* weighted average
These drill core assay results continue to correlate well with the Company`s
previously reported results.
All identified mineralisation occurs within a graphitic phyllite unit associated
with the Lower Roan, which Kiwara correlates as being equivalent to the "Copper-
belt ore shale".
Additional borehole sample assay results are awaited.
SGS Inspection Services Ltd of Kalulushi, Zambia - an internationally accredited
laboratory - carried out the assays of the core samples from these drill holes.
This release has been approved by Colin Bird, who is Executive Chairman of
Kiwara, Chartered Engineer and a fellow of The Institute of Materials, Minerals
and Mining.
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
Colin Bird, Chairman
Tel: +44 (0)207 581 4477
Peter Vivian-Neal, Chief Executive Officer
Tel: +260 (0) 211 293899
Sasfin, Johannesburg
Brian Christie, Corporate Finance
Tel: +27 (0) 11 809 7511
FinnCap, London
Mathew Robinson, Corporate Finance
Tel: +44 (0) 20 7600 1658
Bishopsgate Communications Ltd
Tel: +44 (0)20 7562 3366
8 June 2009
Johannesburg
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 08/06/2009 08:00:01 Produced by the JSE SENS Department.
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