Drilling Update
27 May 2008 - 4:02PM
UK Regulatory
RNS Number : 2132V
Kiwara PLC
27 May 2008
JSE * KWR
AIM * KIW
ISIN * GB0007702953
27 May 2008
Kiwara plc
("Kiwara" or the "Company")
Drilling Update - Kiwara encounters wide intersections of potentially open pittable copper mineralisation
The board of Kiwara, a Zambian based exploration company, is pleased to announce further significant results from its ongoing drilling
programme on the Kalumbila base metals target.
Highlights:
* Drill Hole L29 assayed 1.15% copper over 55 m intersection
* Strike length currently in excess of 2 km
* Soil sampling indicate similar potential over 5 km
* Holes L28 and L30 return good bulk mining grades
Kalumbila Drilling Update:
L29 was diamond drilled 70 m south and "up-dip" of the Reverse Circulation hole LR3 which assayed 0.66% copper over 36 m from a depth of
24 m (announced 29 January 2008).
The selected results of L29 are:
Depth Intersection Copper
(m) (m) %
106 9 0.63
124 55 1.15
The Company is drilling further up-dip of L29 to test how close the mineralised body comes to surface. Concurrently the Company is
drilling along strike, to test for continuity of the potential 11 km strike length.
Hole L28 was drilled 2.1 km east of L29 and L30 was drilled on section with L28. Both holes intersected good copper mineralisation and
in the case of L28 significant values of nickel and cobalt
Results of L28 and L30
D/H Depth Intersection Copper* Nickel* Cobalt*
(m) (m) % % %
L28 114 9 - 0.25 0.17
139 14 0.68 - -
219 8.5 0.77 - -
L30 53 14 0.7 - -
* weighted average
Alfred H Knight of Kitwe, Zambia an internationally accredited laboratory (SANAS, UKAS, QMS) carried out the assays of the core samples
from these drill holes.
Colin Bird (Chairman) said: 'The results from these boreholes are very positive, especially in the case of L29, and support the
Company's earlier comments as to the potential for near surface copper at Kalumbila. The Company will aggressively pursue these targets with
the objective of developing a 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 complex poly-metallic geological feature, thought to contain abundant multi metal targets. This is within the area
considered to be the western extension of the Copperbelt, an increasingly significant mining area that contains the new 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 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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