News

June 15, 2009

Kiwara Gets Ready To Drill Up Its Promising New Nickel Discovery At Kawako In Zambia

By Alastair Ford

A couple of decent drilling updates have come out from Kiwara within the last month or so, both of which have confirmed, according to the text which accompanies the associated press releases, “significant copper mineralization” at the company’s Kalumbila exploration target in north-eastern Zambia. Highlights included interceptions of 2% copper over three metres, and four drill holes with in excess of 0.8% copper over more than 20 metres. Fine and dandy, but we’re not a million miles away from the Copperbelt here, so perhaps it’s understandable that at this stage Kalumbila isn’t rocking anyone’s world, nice though it is.

Colin Bird himself, Kiwara’s chairman, barely mentions Kalumbila when Minesite phones him up for a chat about various Kiwara and other market-related issues. Perhaps he knows that promoting a new copper discovery in Zambia isn’t the best way to make Kiwara stand out from the crowd. If that’s true, then it can’t be the Kalumbila drilling news that’s behind an increase of more than 70 per cent in Kiwara’s share price since March. Now pushing 24p, the shares were a mere 14p not three months ago....