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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 |
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 DRLEBLFLVLBFBBZ
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