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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 : 5424X Kiwara PLC 26 June 2008 JSE - KWR AIM - KIW ISIN - GB0007702953 26th June 2008 Kiwara plc ("Kiwara" or the "Company") Drilling Update - Kalumbila base metal drilling programme intersects high grade Uranium mineralisation below copper horizon The board of Kiwara, the Zambian based exploration Company, is pleased to announce a significant drill hole assay result for uranium from its ongoing exploration programme on the Kalumbila base metals target. Highlights: * Drill Hole L31 assayed 1.49% Uranium over a 3m intersection, including 6.16% uranium over 74cm * Drill Hole L31 also intersected two wide zones of copper mineralisation above the uranium intersection Kalumbila Drilling Update: Diamond drill hole L31 (-70 inclination) returned the following assay results: The summary results of D/H L31 are: Depth Depth Intersection Copper Uranium From To (m) (m) % % (m) 106 120.3 14.3 0.68* 133.4 148.8 15.4 0.76* 203 206 3 1.49* 203.8 204.54 0.74 6.16 * Weighted average D/H L29, situated 150m north and down dip of D/H L31 returned assay results of 0.63% copper over 9m from 106m and 1.15% copper over 55m from 124m (previously announced 27th May 2008). Following the positive assay results from D/H L31, the Company continues to drill further up-dip of L31 and along strike with the intention of testing depth and continuity of the mineralised body. The assays of the core samples from this drill hole were carried out by Alfred H Knight of Kitwe, Zambia (for base metals) and Alfred H Knight, Merseyside, England (for Uranium, by ICP); both being internationally accredited laboratories (SANAS, UKAS, QMS) Colin Bird (Chairman) said: "The results from this borehole are very exciting and may provide a bonus to the potential of Kalumbila as the Uranium would generate a valuable credit. The Company continues with its aggressive exploration programme with the objective of advancing the Kalumbila target to a drill-indicated 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 MSCZELFLVQBZBBL
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