London, England — MININGREVIEW.COM — 21 August 2008 – Kiwara plc – a Zambian-based mining exploration and development company focusing on nickel, cobalt copper and uranium – has struck a significant borehole intersection in its ongoing exploration programme on the Kalumbila base metals target in north-western Zambia.
A company drilling update released here said borehole L33 had 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.
“Altogether 31 boreholes totalling 8 862m, have now been drilled over 8.2km of strike, and the mineralised strike potential is increasing as additional soil sample results are received,” the update revealed. L33 is situated 400m due west and along strike from previously identified mineralisation at the company’s boreholes L27, LR3, L29 and L31. Twenty-one of the core boreholes are still to be assayed, but early indications are that the mineralisation extends close to surface.
Kiwara chairman Colin Bird commented: “The results from this latest borehole are excellent and support the board’s assertion that Kalumbila is potentially a very significant bulk mining target. The company will continue to drill Kalumbila aggressively with the objective of developing an inferred mineral resource and proceeding to feasibility study.”
The Kiwara property is within the Kabompo Dome in North Western Zambia. This is within the area considered to be the western extension of the Copperbelt – an increasingly significant mining area that contains the recently developed giant Kansanshi and Lumwana copper mines.