Drilling Update
February 21 2008 - 1:01AM
UK Regulatory
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
Kiwara (LSE:KIW)
Historical Stock Chart
From Oct 2024 to Nov 2024
Kiwara (LSE:KIW)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Kiwara (London Stock Exchange): 0 recent articles
More Kiwara Plc News Articles