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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 : 6604B Kiwara PLC 20 August 2008 JSE - KWR AIM - KIW ISIN - GB0007702953 20th August 2008 Kiwara plc ("Kiwara" or the "Company") Drilling Update - Kalumbila base metal drilling programme intersects 46.3m of mineralisation grading 1.39% copper; additional 16.5m intersection grading 0.15% cobalt Kiwara, the Zambian based exploration Company, is pleased to announce a significant borehole intersection from its ongoing exploration programme on the Kalumbila base metals target Highlights: * Borehole L33 intersected copper sulphide mineralisation over an intersected width of 46.3m, with an average grade of 1.39% copper (Cu); and * 0.15% cobalt (Co) over an intersected width of 16.5m just below the copper mineralisation; * 31 boreholes totalling 8,862m, have now been drilled over 8.2km of strike; * The mineralised strike potential is increasing as additional soil sample results are received. Kalumbila Drilling Update: The selected length weighted mineralisation intersections within the core borehole L33, which was inclined at -70o, are summarised in the table below: Depth Depth Intersected width (m) Cu Co From To % % (m) (m) 14 18.7 4.7 0.80* 140.5 186.8 46.3 1.39* 190.7 207.2 16.5 0.15* * Weighted average D/H L33 is situated 400m due west and along strike from previously identified mineralisation at the dip section intersected by the Company's boreholes L27, LR3, L29 and L31. The Company has now drilled 31 core boreholes totalling 8,862m at Kalumbila, 21 of which are still to be assayed. This drill programme covers an extensive 8.2km of strike and indicates mineralisation extends close to surface. The assays of the core samples from this borehole were carried out by Alfred H Knight of Kitwe, Zambia being an internationally accredited laboratory (SANAS, UKAS, QMS) Colin Bird (Chairman) said: "The results from this borehole are excellent and support the board's assertion that Kalumbila is potentially a very significant bulk mining target. The Company will continue to aggressively drill Kalumbila with the objective of developing an inferred mineral 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 geologically complex antiformal feature, which contains a number of base metal and uranium targets. This is within the area considered to be the western extension of the Copperbelt, an increasingly significant mining area that contains the recently developed 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 / Gavin Hall 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 DRLZKLFFVVBXBBD
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