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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (44455)	10/5/2009 12:43:45 PM
From: LoneClone	Read Replies (1) of 194964

Kiwara expects Kalumbila feasibility study results in Q1 2010 miningweekly.com By: Esmarie Swanepoel 5th October 2009 Updated 11 minutes ago JOHANNESBURG (miningweekly.com) – JSE-listed mineral explorer Kiwara on Monday reported that it has started the prefeasibility study at the Kalumbila copper project, in Zambia. The initial area of focus for open pittable mineralisation has been identified to contain an inferred resource of 340-million tons at a grade of 0,78% copper. Kiwara said in a statement that the initial objective of the prefeasibility study was defined as an in-fill drilling programme to raise the resource category of the identified open pittable mineralisation from inferred to indicated. This programme was under way and the aim was to release the results of the study during the first quarter of 2010. Results so far obtained suggested that the central area of Kalumbila has potential to significantly add both tonnage and grade to the resource. The contribution from the north-east and south-west parts of the Kalumbila strike would be reassessed as drilling continued and their confidence status increased. In proceeding with the prefeasibility study, Kiwara has instructed mining consultant Snowden to work only with the data generated by Kiwara or third-party data in close proximity to and correlating with the company’s own data; the reason being that there was no evidence of quality control records for the historic data and reliance upon such data may prejudice future resource definition. “The appointment of Snowden to advise with this study confirms our belief that the Kalumbila project is worthy of being fast-tracked. We intend to move towards bankable study as soon as possible,” said Kiwara chairperson Colin Bird.

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