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KIW Kiwara

77.50
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kiwara LSE:KIW London Ordinary Share GB0007702953 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 77.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Drilling Update

21/02/2008 7:01am

UK Regulatory


RNS Number:4148O
Kiwara PLC
21 February 2008

                                                                21 February 2008

                                        KIWARA PLC

                              ('Kiwara" or the "Company')

                                     Drilling Update

The Board of Kiwara, the Zambian based mining exploration Company, is pleased to
announce a significant drilling result on its base metal target at Kalumbila
which confirms both the Company's preliminary results and initial optimism.

Highlights:

*        Bore Hole L27 assayed 0.59% Copper over 224m

*        A specific zone assayed 1.02% Copper over 96m

Core Drilling Update:

The Company drilled bore hole L27, 50m north and down-dip of their Reverse
Circulation bore hole LR3 (which reported on 29 January 2008, 36m intersection
of 0.66% Copper from 24m, and includes a 3m intersection of 1.33% Copper from
33m).

The results of bore hole L27are:

   Intersection       From metres      To             Interval   metres    %Copper        %Cobalt
                                         metres
       Total              38               262               224             0.59           0.04
          Including       178              217               39              1.25          0.024
          Including       225              236               11              1.35          0.021
          Including       243              257               14              1.24          0.017

The Company continues its exploration programme at Kalumbila with the objective
of extending the strike and confirming the proximity to surface of the copper
mineralisation.

The assays of the core samples from this bore hole were carried out by Alfred H
Knight of Kitwe, Zambia an internationally accredited laboratory (SANAS, UKAS,
QMS)

Colin Bird, Chairman of Kiwara plc, commented: "These impressive results
certainly justify our previous comments with regard to the potential for near
surface copper mineralisation at Kalumbila and the potential for a bulk mining
target. The Company is pursuing an aggressive exploration programme with
objective of enhancing shareholder value".

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 (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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