Information  X 
Enter a valid email address

Kiwara PLC (KIW)

  Print   

Monday 08 June, 2009

Kiwara PLC

Kalumbila Drilling Update

RNS Number : 4566T
Kiwara PLC
08 June 2009
 



JSE - KWR

AIM - KIW

ISIN - GB0007702953


8th June 2009

Kiwara plc


('Kiwara' or the 'Company')


Drilling Update - Assay results continue to confirm the intersection of significant widths of copper mineralisation at Kalumbila



The Board of Kiwara, the Zambian based exploration Company, is very pleased to announce further excellent results from its ongoing drilling programme on the Kalumbila base metals target. 



Highlights:

  • Three Bore Holes, L45, L49 and L52, show similar mineralisation to that identified in the 24 previously reported core bore holes that the Company has drilled at Kalumbila;

  • Bore hole L45 records three mineralised intersections showing copper ('Cu') grades in excess of 1% Cu;

  • Bore Hole L49 has one intersection in excess of 2% Cu and one intersection in excess of 1% Cu

  • Exploration is ongoing; 

  • See table below for summary of bore hole assays.

Colin Bird (Chairman) said: 'The Company is pleased with these results since the frequency of intersection and consistency of grade will allow us to model the ore body over a large area. The Company will aggressively pursue its exploration programme at Kalumbila with the objective of developing a resource and proceeding to feasibility study.'


Kalumbila Drilling Update:

Core Bore Hole L45 was drilled 7.3km west along strike from the currently determined north eastern end of the Kalumbila host unit, and was inclined at -70o. The upper mineralised package extends 46m from 8m below surface to 54m, with a weighted average grade of 0.55% Cu. This is the shallowest intersection so far made at Kalumbila and suggests the potential for further near to surface intersections up-dip of the Company's current bore holes.


Core Bore Holes L49 and L52 were drilled 5.1km west along strike from the currently determined north eastern end of the Kalumbila host unit and were both inclined at -70o. L52 is 100m up-dip of L49L49 has an upper mineralised package of 62.60m over 0.59% Cu from 31m. Both bore holes contain copper oxides in the upper mineralised intersections; L49 intersected 7.80m at 0.82% Acid Soluble Copper ('AsCu') from 31m and L52 intersected 5.50m at 0.50% AsCu from 29.50m.



Selected Results of L45, L49 and L52 

Applying a 0.30% Cu cut-off grade, the selected length weighted mineralised intersected widths for each of the three bore holes are summarised in the table below, which also includes the relative position, dip and orientation of each bore hole collar:


B/H

Dip/

Orientation

Km west

on Strike from NE

Depth 

from (m)

Depth 

to (m) 

Intersected width (m)

Copper*

%

L45

-70/180o

7.3

8.00

20.50

12.50

0.57

Including



16.00

18.93

2.93

1.01




26.50

54.00

27.50

0.62

Including



27.20

30.72

3.52

1.58




182.04

201.75

19.71

0.71

Including



182.04

186.05

4.01

1.10








L49

-70/180o

5.1

31.00

51.00

20.00

0.90

Including



31.00

34.00

3.00

2.01




69.00

77.00

8.00

0.80




86.00

93.60

7.60

0.77

Including



87.00

90.00

3.00

1.01




116.37

119.26

2.89

0.76




162.22

166.71

4.49

0.68








L52

-70/180o

5.1

16.00

47.00

31.00

0.56

Including



29.00

34.50

5.50

0.78




94.50

99.50

5.00

0.78

* weighted average


These drill core assay results continue to correlate well with the Company's previously reported results. 


All identified mineralisation occurs within a graphitic phyllite unit associated with the Lower Roan, which Kiwara correlates as being equivalent to the 'Copper-belt ore shale'. 


Additional borehole sample assay results are awaited.


SGS Inspection Services Ltd of KalulushiZambia an internationally accredited laboratory carried out the assays of the core samples from these drill holes. 


This release has been approved by Colin Bird, who is Executive Chairman of Kiwara, Chartered Engineer and a fellow of The Institute of Materials, Minerals and Mining.


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

Colin Bird, Chairman                                            Tel: +44 (0)207 581 4477

Peter Vivian-Neal, Chief Executive Officer           Tel: +260 (0) 211 293899


Sasfin, Johannesburg

Brian Christie, Corporate Finance                       Tel: +27 (0) 11 809 7511


FinnCap, London

Matthew Robinson, Corporate Finance               Tel: +44 (0) 20 7600 1658


Bishopsgate Communications Ltd                      Tel: +44 (0)20 7562 3350

Michael Kinirons


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLFELFBKQBXBBL

a d v e r t i s e m e n t