KIW Kiwara

 

TIDMKIW 
 
RNS Number : 0218Y 
Kiwara PLC 
26 August 2009 
 

JSE - KWR 
AIM - KIW 
ISIN - GB0007702953 
 
 
 
 
26 August 2009 
 
 
Kiwara plc 
 
 
("Kiwara" or the "Company") 
 
 
Kiwara intersects further high grade nickel mineralisation at Kawako 
 
 
The board of Kiwara, the Zambian based exploration Company, is very pleased to 
announce further results of its follow-up drill programme at Kawako, which 
continue to intersect high grade nickel. 
 
 
 
 
Highlights: 
 
 
  *  Two further boreholes, KW4 and KW5 drilled on the Kawako nickel target; 
  *  Borehole ("B/H") KW4 intersected 12.22m grading 3.03%Ni from 87.50m; this 
  intersection includes 7.30m grading 4.56%Ni from 91.95m; 
  *  KW4 is 300m south from KW2; 
  *  KW4 has a further intersection of 9.62m grading 0.94%Ni from 128.38m; 
  *  KW5 intersected 3m grading 0.51% Ni from 173m. 
 
 
 
 
 
Colin Bird (Chairman) says: "We are very pleased with the high grade results 
from KW4. We continue to drill the target with the mission of extending strike 
and increasing tonnage." 
 
 
Background: 
On 18th August 2009 the Company announced the first results of its follow-up 
drilling programme at Kawako where in 2008, two boreholes, 900m apart, 
intersected high grade nickel mineralisation hosted in schists on the 
anticipated margin of a historically identified carbonaceous shale unit and on a 
Ni soil anomaly. 
 
 
Kawako Drilling Results: 
B/Hs KW4 and KW5 are core boreholes drilled vertically. KW4 was drilled 300m 
south from the initial reconnaissance b/h KW2 and 1,052m from KW3, as an 
'in-fill' b/h; there is very good correlation between KW4 and the results 
obtained in KW2, thus suggesting continuity of mineralisation. KW5 was drilled 
650m SW of KW2 and west of the perceived strike of the host unit to determine 
dip and lithological continuity. 
 
 
The selected length weighted mineralised intersections for which a cut-off grade 
of 0.25%Ni was applied, are summarised in the table below: 
 
 
+--------------+-------------+--------------+------------+-------------+----------+ 
|     B/H      |             |    Depth     |   Depth    |Intersected  |    Ni    | 
|              |             |  From (m)    |  To (m)    |  width (m)  |    %     | 
+--------------+-------------+--------------+------------+-------------+----------+ 
|     KW4      |             |    87.50     |   99.72    |    12.22    |  3.03*   | 
+--------------+-------------+--------------+------------+-------------+----------+ 
|              |  including  |    91.95     |   99.26    |    7.31     |  4.56*   | 
+--------------+-------------+--------------+------------+-------------+----------+ 
|              |             |    128.38    |  138.00    |    9.62     |  0.94*   | 
+--------------+-------------+--------------+------------+-------------+----------+ 
|              |             |    151.00    |  159.50    |    8.50     |  0.29*   | 
+--------------+-------------+--------------+------------+-------------+----------+ 
|     KW5      |             |    173.00    |  176.00    |    3.00     |  0.51*   | 
+--------------+-------------+--------------+------------+-------------+----------+ 
* Weighted average 
 
 
 
 
The assays of the core samples from this borehole were carried out by SGS 
Inspection Services Ltd, Kalulushi Laboratory, Zambia being an internationally 
accredited laboratory. 
 
 
 
 
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. 
 
 
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. 
 
 
 
 
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 
 
 
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 
Michael Kinirons Tel: +44 (0)20 7562 3359 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DRLCKAKDFBKKCFB 
 

Kiwara (LSE:KIW)
Historical Stock Chart
From May 2024 to Jun 2024

Kiwara (LSE:KIW)
Historical Stock Chart
From Jun 2023 to Jun 2024