| Wed 26 Aug 2009, 10:30 | | KWR - Kiwara plc - Kiwara Intersects Further High Grade Nickel Mineralisation |
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KWR
KWR
KWR - Kiwara plc - Kiwara Intersects Further High Grade Nickel Mineralisation
At Kawako
Kiwara plc
Registration number: 01760458
JSE: KWR
AIM: KIW
ISIN: GB0007702953
("Kiwara" or the "Company")
KIWARA INTERSECTS FURTHER HIGH GRADE NICKEL MINERALISATION AT KAWAKO
The board of Kiwara, the Zambian based exploration Company, is very pleased to
announce further results of its follow-up drill programme at Kawako, which
continue to intersect high grade nickel.
Highlights:
- Two further boreholes, KW4 and KW5 drilled on the Kawako nickel target;
- Borehole ("B/H") KW4 intersected 12.22m grading 3.03%Ni from 87.50m; this
intersection includes 7.30m grading 4.56%Ni from 91.95m;
- KW4 is 300m south from KW2;
- KW4 has a further intersection of 9.62m grading 0.94%Ni from 128.38m;
- KW5 intersected 3m grading 0.51% Ni from 173m
Colin Bird (Chairman) says: "We are very pleased with the high grade results
from KW4. We continue to drill the target with the mission of extending strike
and increasing tonnage."
Background:
On 18th August 2009 the Company announced the first results of its follow-up
drilling programme at Kawako where in 2008, two boreholes, 900m apart,
intersected high grade nickel mineralisation hosted in schists on the
anticipated margin of a historically identified carbonaceous shale unit and on
a Ni soil anomaly.
Kawako Drilling Results:
B/Hs KW4 and KW5 are core boreholes drilled vertically. KW4 was drilled 300m
south from the initial reconnaissance b/h KW2 and 1,052m from KW3, as an `in-
fill` b/h; there is very good correlation between KW4 and the results obtained
in KW2, thus suggesting continuity of mineralisation. KW5 was drilled 650m SW
of KW2 and west of the perceived strike of the host unit to determine dip and
lithological continuity.
The selected length weighted mineralised intersections for which a cut-off
grade of 0.25%Ni was applied, are summarised in the table below:
B/H Depth Depth Intersected Ni
From (m) To (m) width (m) %
KW4 87.50 99.72 12.22 3.03*
including 91.95 99.26 7.31 4.56*
128.38 138.00 9.62 0.94*
151.00 159.50 8.50 0.29*
KW5 173.00 176.00 3.00 0.51*
* Weighted average
The assays of the core samples from this borehole were carried out by SGS
Inspection Services Ltd, Kalulushi Laboratory, Zambia being an internationally
accredited laboratory.
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.
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.
26 August 2009
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
Matthew Robinson, Corporate Finance
Tel: +44 (0)20 7600 1658
Bishopsgate Communications Ltd
Michael Kinirons
Tel: +44 (0)20 7562 3359
Date: 26/08/2009 10:30:01 Produced by the JSE SENS Department.
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