We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 : 7090U Kiwara PLC 19 May 2008 JSE - KWR AIM - KIW ISIN - GB0007702953 19 May 2008 Kiwara plc ('Kiwara' or the 'Company') Drilling Update -Kawanga Uranium Target The board of Kiwara, the Zambian based mining exploration Company, is pleased to announce the results of its preliminary drilling programme on the Kawanga uranium target situated within Prospecting licence 267, its exploration property. Highlights: * Drill programme intercepts uranium at potentially viable grades in four drill holes which confirms historic findings * Most significant intersection assayed is 0.87% U308 over 1m * Result provides confidence to conduct further exploration Uranium Drilling Update: The Company has completed a preliminary drilling programme to test a radioactive anomaly and to verify historic exploration for uranium at Kawanga. Drilling results confirm that the mineralization occurs in at least two zones, one of which may appear to measure some 700x550m and which may be up to 6m thick. The mineralization has been found within, and at the contact between the Muscovite Schist and the Biotite Schist, which the Company correlates as the contact between Lower and Upper Roan series. The mineralised intersections from the Kawanga UraniumTarget: Drillhole Depth (m) Intersection(m) %U3O8 Drilling Method WR8 105 1 0.87 RC WR11 123 1 0.51 RC WR12 58 6 0.118 RC W2 224 0.22 0.11 Core RC= Reverse Circulation drilling WR12 includes a 1m intersection from 63m that assayed 0.32% U308 These positive results will enable the Company to finalise a follow-up programme to delineate the Kawanga target and also to develop an exploration signature to apply to other regional uranium targets identified within the licence area. The Kawanga Uranium target was identified by AGIP in the 1970's and was drilled extensively. Unfortunately, whilst it has been documented as a prospective uranium target no original drill or assay data is currently available. The Company therefore is required to conduct its own drill programmes in order to ascertain size and grade of the target area in order to develop a resource. The assays of the samples from these drill holes were carried out by Alfred H. Knight of Merseyside, England, an internationally accredited laboratory (SANAS,UKAS,QMS) using ICP analysis. Peter Vivian-Neal (CEO): 'These results are very encouraging and confirm previous statements as to the uranium potential of the licence area. The Company will embark upon a further work programme with the intention of delineating resource, both at Kawanga and other locations within the licence area' About Kiwara: Kiwara is a mining, exploration and development company with a focus on copper, nickel, cobalt and uranium with a specific focus on the Republic of Zambia, a country which together with the Democratic Republic of Congo hosts Africa's largest and potentially one of the world's most productive mineralized zones, the Copperbelt. Kiwara through its subsidiary holds Prospecting Licence 267 which covers a significant portion of the Kabompo Dome in North Western Zambia, a complex poly-metallic geological feature (created by upward thrust of the basement granites through the more recent sedimentary rocks). 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 Colin Bird, Chairman Tel: +44 (0)207 581 4477 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 Gerard Kisbey-Green / Jan Bosch Tel: +44 (0) 20 7597 5000 Bishopsgate Communications Ltd Nick Rome Tel: +44 (0)20 7562 3366 This information is provided by RNS The company news service from the London Stock Exchange END DRLQQLFFVEBFBBQ
1 Year Kiwara Chart |
1 Month Kiwara Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions