Kilo Intersects 7.80 m Grading 11.47 g/t Gold at Kitenge Prospect, Somituri Project, DRC
2013年1月8日 - 9:20PM
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)
(FRANKFURT:02K) is pleased to announce results from an additional
four diamond drill holes, totalling 846.10 metres ("m"). The
addition of these four drill holes, two on each section line
results in a 400 m strike length being explored at 80 m intervals.
The 400 m section of the north-western portion of the Kitenge
prospect has now been defined by a total of 7 holes. The Kitenge
Prospect now defined over a 1,419 m strike length is one of several
exploration Prospects on the Company's Somituri Project in
north-eastern Democratic Republic of Congo ("DRC"). Kitenge is only
4.0 km from the Company's 1.87 million ounce ("oz") Adumbi gold
deposit. Highlights Include • 7.80 m @ 11.47 g/t Au
• 2.48 m @ 4.23 g/t Au •
400 m strike length evaluated at 80 m intervals •
gold zone confirmed over an open-ended 1,419 m Gold
intersections obtained in the Kilo drill holes, presented from
southeast to northwest, are listed in Table 1 and the drill holes
are illustrated on Figure 1 (see attachment). Location of the
Kitenge Prospect with respect to the Imbo licence boundaries is
illustrated in Figure 2 (see attachment). Alex van Hoeken,
President and CEO of Kilo stated:
"These additional gold intersections in the Kitenge Prospect
further confirm a continuous gold bearing structure hosting high
grade gold values over a strike length approaching 1,500 m.
The results show that in addition to the main Kitenge Shear Zone
(KSZ), which is currently our key Kitenge target, there is
additional mineralization situated in the hanging wall and footwall
that could yield additional mineralized zones. Of particular
interest is the intersection in SKDD0030 of 7.80 m @ 11.47 g/t, at
a depth of 140 m and 400 m northwest of the best intersection to
date of 5.80 m @ 42.24 g/t Au in SDKK0021."
Table 1 : DRC Somituri Project – Imbo
Licence : Kitenge Prospect Drill Hole Intersections
|
Drill Hole, Section (Sec.), Azimuth
(Az.) and Inclination (Incl.) |
MINERALIZATION |
Drill Hole (2012 hole in
bold) |
Sec East (m) |
North (m) (local
grid) |
Az (Mag) |
Incl |
Zone |
|
From (m) |
To (m) |
Int. (m) |
Au (g/t) |
Depth (m) |
SKDD0019*
(2012) |
23849 |
60586 |
220 |
-50 |
KSZ |
|
46.19 |
48.65 |
2.46 |
2.07 |
30 |
includes |
46.96 |
47.65 |
0.69 |
7.07 |
FW 1 |
|
107.10 |
108.20 |
1.10 |
1.12 |
|
|
SKDD0001 Drilled 2010 (see news release
26/01/2011) |
23845 |
60486 |
40 |
-50 |
FW 1 |
|
16.00 |
17.00 |
1.00 |
0.65 |
|
KSZ |
|
30.00 |
36.00 |
6.00 |
2.46 |
24 |
includes |
35.00 |
36.00 |
1.00 |
12.40 |
HW 1 |
|
44.10 |
44.90 |
0.80 |
0.71 |
|
HW 2 |
|
116.30 |
117.30 |
1.00 |
2.18 |
|
HW 3 |
|
146.40 |
148.30 |
1.90 |
0.75 |
|
|
SKDD0031
(2012) |
23767 |
60637 |
217 |
-50 |
HW 2 |
|
76.11 |
78.27 |
2.16 |
1.02 |
|
HW 1 |
|
87.35 |
89.36 |
2.01 |
0.65 |
|
KSZ |
|
114.07 |
116.55 |
2.48 |
4.23 |
85 |
includes |
115.96 |
116.55 |
0.59 |
17.59 |
FW 1 |
|
140.48 |
141.85 |
1.37 |
0.47 |
|
FW 2 |
|
178.46 |
183.87 |
5.41 |
0.82 |
|
FW 3 |
|
181.70 |
183.87 |
2.17 |
1.74 |
|
|
SKDD0032
(2012) (undercut of
SKDD0031) |
23767 |
60637 |
220 |
-65 |
HW2 |
|
106.41 |
116.17 |
9.76 |
0.67 |
|
includes |
107.16 |
113.00 |
5.84 |
0.82 |
|
HW1 |
|
124.91 |
132.50 |
7.59 |
1.35 |
|
includes |
127.52 |
131.76 |
4.24 |
1.79 |
|
KSZ |
|
162.00 |
166.00 |
4.00 |
2.65 |
145 |
FW 1 |
|
189.62 |
190.05 |
0.43 |
5.11 |
|
|
SKDD0018*
(2012) |
23693 |
60604 |
220 |
-50 |
HW 2 |
|
16.40 |
19.10 |
2.70 |
0.90 |
|
HW 1 |
|
60.20 |
62.20 |
2.00 |
0.65 |
|
KSZ |
|
70.85 |
74.77 |
3.92 |
13.60 |
53 |
includes |
70.85 |
71.72 |
0.87 |
60.10 |
FW 1 |
|
88.77 |
89.77 |
3.31 |
1.00 |
|
FW 2 |
|
196.54 |
198.54 |
2.00 |
0.87 |
|
|
SKDD0029
(2012) |
23604 |
60623 |
220 |
-50 |
KSZ |
|
71.90 |
116.88 |
11.28 |
0.82 |
85 |
includes |
111.70 |
116.88 |
5.18 |
1.05 |
|
SKDD0030 (undercut of
SKDD0029) |
23604 |
60397 |
220 |
-65 |
KSZ |
|
152.70 |
160.50 |
7.80 |
11.47 |
140 |
|
SKDD0017*
(2012) |
23529 |
60648 |
216 |
-50 |
HW 2 |
|
11.60 |
12.45 |
0.85 |
3.20 |
|
HW 1 |
|
50.27 |
51.27 |
1.00 |
3.43 |
|
KSZ |
|
100.15 |
105.84 |
5.69 |
1.62 |
76 |
includes |
100.15 |
101.96 |
1.81 |
4.01 |
|
and |
104.73 |
105.84 |
1.11 |
1.58 |
|
FW 1 |
|
141.66 |
143.66 |
2.00 |
0.84 |
|
FW 2 |
|
157.66 |
158.85 |
1.19 |
1.66 |
|
* previously reported (see press release dated November
01, 2012) Intersections were calculated on
un-cut gold values True thickness estimated as
60 to 70% of core length intersections Gold at Kitenge occurs with
quartz + carbonate + pyrite ± pyrrhotite ± arsenopyrite ±
chalcopyrite in a northwest-southeast oriented dominant shear zone
hosting a continuous auriferous quartz vein, that dips about 80
degrees northeast, termed the Kitenge Shear Zone ("KSZ") .
Preliminary interpretation concludes that the KSZ is bedding
parallel to sub-parallel and hosted in highly sericitized and
silicified fine grained clastic metasedimentary rocks. A
series of left lateral faults has displaced KSZ from the Adumbi
Shear Zone. The Adumbi Shear Zone, hosted in chemical
metasedimentary rocks, is considered to be the northwest strike
continuation, but fault offset, of the KSZ. In addition to
the KSZ other gold bearing zones occur on the footwall and
hangingwall sides of the KSZ. About the Somituri
Project The Somituri Project consists of eight
Exploitation Licences totalling 606 square kilometres in the
Archaen Ngayu Greenstone belt, in the north eastern Democratic
Republic of Congo.
According to historical records, unverified by the Company, the
Kitenge and Manzako mines produced about 100,000 ounces of gold to
1955, and Adumbi gold mine produced about 200,000 ounces of gold
from quartz vein ore that averaged 11 g/t gold during the 1940s
until its closure in 1959.
The Mineral Corporation (April 2012), based in Johannesburg
calculated an Ni 43-101 compliant inferred gold resource estimate
of 1.87 million ounces grading 1.63 g/t Au using a 0.50 g/t Au
cut-off on the Adumbi Prospect. Quality Control and
Analytical Procedures The drill core was sawn in half with
a diamond saw and one half core for each sample was placed into
plastic bags and stapled shut. Commercial standards and
blanks were inserted in every batch of samples submitted for
analysis in accordance with industry practice. Sample
preparation was carried out at the Kilo on-site laboratory managed
by ALS Chemex. Sample pulps were shipped from the DRC to ALS
Chemex in Johannesburg, South Africa by commercial courier.
Gold analysis was determined on a 50 g charge by the Fire Assay
with Atomic Absorption finish method. ALS Chemiex is
accredited to international standards. About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is
listed on the TSX Venture Exchange under the symbol 'KGL' and on
the Frankfurt Exchange under the symbol '02K'. The Company
holds about 3,000 square kilometres of favourable Archaean Kabalian
greenstone in the Kilo-Moto area in the Democratic Republic of the
Congo. Kilo's principal focus is to advance its projects from
exploration through feasibility to project development and
ultimately to full production in a socially and environmentally
responsible manner. The Company owns a 71.25% interest in the
DRC entity that holds the Somituri Project Exploitation
Permits.
The Kilo Goldmines logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13161
Qualified Person The drilling program disclosed in
this press release was planned and supervised by the Company's
geological consultant Stanley Robinson. Stanley Robinson,
M.Sc., P.Geo is also the 'qualified person' (as that term is
defined under National Instrument 43-101) of the Company who has
reviewed the scientific and technical information contained in this
release. For more information, please contact:
Alex Van Hoeken President and CEO Tel: +1 (416) 360 3415 Email:
info@kilogoldmines.com Website: www.kilogoldmines.com This news
release may contain forward looking statements concerning future
operations of Kilo Goldmines Ltd. All forward looking statements
concerning the Company's future plans and operations, including
management's assessment of the Company's project expectations or
beliefs may be subject to certain assumptions, risks and
uncertainties beyond the Company's control. Investors are cautioned
that any such statements are not guarantees of future performance
and that actual performance and exploration and financial results
may differ materially from any estimates or projections. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Photos accompanying this release are available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=16497
http://www.globenewswire.com/newsroom/prs/?pkgid=16498
CONTACT: Alex Van Hoeken
President and CEO
Tel: +1 (416) 360 3415
Email: info@kilogoldmines.com
Website: www.kilogoldmines.com
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