LONDON (ShareCast) - Zambia-focused miner Kiwara said it has found copper sulphide mineralisation over a width of 46.3m with an average grade of 1.39% copper during drilling at its Kalumbila site.

The group also found cobalt over an intersected width of 16.5m just below the copper mineralisation with an average grade of 0.15% cobalt.

Kiwara said it has now drilled 31 core boreholes totalling 8,862m at Kalumbila, 21 of which are still to be assayed.

“The results from this borehole are excellent and support the board’s assertion that Kalumbila is potentially a very significant bulk mining target,” said chairman Colin Bird.

“The company will continue to aggressively drill Kalumbila with the objective of developing an inferred mineral resource and proceeding to feasibility study,” he added.

• News Channel