Kilo Goldmines Ltd. ( "KGL" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K)
is pleased to announce that on August 6th, the Company completed its planned
2013 drilling programme on the Somituri Project's Imbo Licence.


Highlights of the Company's 2013 programme on the Somituri Project are
summarised below:




--  Total metres drilled: 
    --  Kitenge prospect (5,581 m): 
    --  Manzako prospect (3,158 m): 
    --  Senegal prospect ( 772 m): 
--  Appointment of Roscoe Postle Associates Inc (RPA) as an independent
    consultant



The 2013 exploration programme focused on resource definition drilling on the
Kitenge/Senegal and Manzako Prospects with the objective of estimating a maiden
NI 43-101 compliant resource on one or more of these Prospects illustrated on
Figure 1. Since commencing exploration on these Prospects in 2010, the Company
has carried out mapping, trenching, soil geochemical surveys, and an airborne
magnetic survey. 9,511 metres of drilling was completed in 2013 under contract
with Congo Core, based in Kinshasa, DRC. 


The Company contracted Young, Stuart & Associates Inc., Topographical,
Engineering and Land Surveyors, of South Africa to survey the diamond drill hole
collars.


For the delivery of the expected 2013 mineral resource estimate, the Company has
appointed international mining consultants RPA to complete an independent NI
43-101-compliant Technical Report. The company expects results to be forthcoming
during Q4 2013.


Alex van Hoeken, President and CEO of KGL stated: "Our exploration teams and
contractors have all worked diligently to achieve the 2013 programme on time and
within budget.


We look forward to updating our investors on the culmination of the 2010 to 2013
drilling programmes and the delivery of another resource estimate on the Imbo
Licence. The delivery of the aforementioned estimate, along with the existing
1.87 Moz, 1.63 g/t (Au) estimate for the Adumbi prospect, furthers our strategy
of creating a large scale, multi-pit mine on the Imbo licence."


BACKGROUND

The Company's 2013 drilling programme focused on the Manzako, Kitenge and
Senegal prospects located on the Company's Imbo licence. This programme was an
infill and extension of the 2010-2012 drilling programmes over the same areas.
In particular, the program was designed to drill for a maiden resource in one or
more of the targeted areas, as per Figure 1.


In the delivery of the aforementioned maiden resource (NI 43-101), Roscoe Postle
Associates (RPA) was appointed. RPA is a group of technical professionals who
have provided advice to the mining industry for nearly 30 years, and is
headquartered in Toronto, Canada, with offices also in the United States and the
United Kingdom. 


Mrs. Deborah McCombe, RPA's President and CEO, was awarded the Robert Elver
Mineral Economics Award for her contributions to the establishment of Canadian
regulatory instrument NI 43-101 and her efforts as head of CRIRSCO in the
coordination of worldwide standards for resource/reserve reporting.


Mr Ian Blakley, VP and General Manager of RPA UK Ltd, visited the Somituri
project from June 19 to June 26. 


PROSPECTS

KITENGE SHEAR ZONE 

Gold at Kitenge occurs with: quartz; carbonate; pyrite; pyrrhotite; arsenopyrite
and 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 of the order of 75 m wide,
bedding parallel to sub-parallel and characterized by highly sericitized and
silicified fine grained clastic meta-sedimentary rocks. In addition, gold
mineralization also occurs in the footwall and hanging wall rocks of the KSZ.


The 1600 m long KSZ is interpreted to be fault off-set from a major shear zone
structure. A series of interpreted faults has divided this major shear zone
into, from southeast to northwest the 1600 m Kitenge, the 1500 m Senegal the
1000 m Canal, and the 1500 m Adumbi Prospects. The 2000 m Adumbi West Prospect
is also interpreted to be fault off-set from the Adumbi Prospect.


The Senegal Prospect is flanked to the immediate northeast by a linear magnetic
high.


MANZAKO SHEAR

Gold at Manzako occurs in association with quartz; carbonate; pyrite;
pyrrhotite; arsenopyrite and chalcopyrite in a number of parallel to
sub-parallel shear zones that trend northwest-southeast and dip about 65 to 80
degrees northeast. The geology is predominantly mafic volcanic flows with local
mafic intrusives.


The Manzako Prospect structures were mined by open pit and underground methods
to shallow depths during the Colonial era and select sites are currently
targeted by artisanal mining.


ABOUT THE SOMITURI PROJECT

The Somituri Project comprises eight Exploitation Licences, covering 606 km2 of
the Archaen Ngayu Greenstone belt in the northeastern Democratic Republic of
Congo.


According to historical records, unverified by Kilo, the Kitenge and Manzako
mines produced approx. 100 000 oz of gold to 1955, whilst the Adumbi gold mine
produced approx. 200 000 oz 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 South Africa,
calculated an NI 43-101 compliant inferred gold resource estimate for the Adumbi
Prospect, one of a number targets drilled on the Imbo Licence: The current
inferred mineral resource for the Adumbi Prospect, based on varying cut-off
grades, includes: 




--  1.87 Moz grading 1.63 g/t Au at a 0.50 g/t cut-off grade. 
--  1.63 Moz grading 2.04 g/t Au at a 1.0 g/t cut-off grade.



QUALITY CONTROL AND ANALYTICAL PROCEDURES

The drill core was sawn in half with a diamond saw and a half core of each
sample was placed into plastic bags and stapled shut. Commercial standards and
blanks have been 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 Minerals. Sample pulps were shipped from
the DRC to ALS Minerals 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 Minerals is accredited to international standards.


Quality control of analytical results is monitored by Kilo with the insertion of
commercial standards and blanks in every batch of samples submitted for
analysis. For additional details the reader is referred to Kilo's previously
announced quality control and analytical procedures (Press Release dated May 4,
2010).


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.


ABOUT KILO

Kilo Goldmines Ltd. (Kilo) is a Canadian gold exploration company, listed on the
TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under
the symbol '02K. Kilo holds exploitation and exploration licences covering
some"3000 km2 of favourable Archaen Kabalian Greenstones in the northeast
Democratic Republic of Congo, an area historically referred to as the Kilo-Moto
region, a historic gold-producing region (11 Moz, Mineweb).


Incorporated within these licences, is the Somituri Project (71.25% owned by
Kilo), comprising eight non-contiguous licences (606 km2) and the KGL Iron SPRL
Joint Venture (JV) with Randgold Resources Ltd (2056 km2).


Kilo has retained the rights to explore for iron ore on the properties held by
KWR Iron SPRL and has a minority interest in the Hajigak iron ore project in
Afghanistan.


DISCLAIMER

This news release may contain forward looking statements concerning future
operations of Kilo Goldmines Ltd. All forward looking statements concerning
Kilo's future plans and operations, including management's assessment Kilo's
project expectations or beliefs may be subject to certain assumptions, risks and
uncertainties beyond Kilo'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.


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.


To view Figure 1: 2013 Drill Programme (blue circles), please click on the
following link: http://media3.marketwire.com/docs/kgl_map.jpg


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kilo Goldmines Ltd.
Alex Van Hoeken
Chief Executive Officer (CEO) & President
416 360 3406
info@kilogoldmines.com
www.kilogoldmines.com

KGL Resources (TSXV:KGL)
過去 株価チャート
から 5 2024 まで 6 2024 KGL Resourcesのチャートをもっと見るにはこちらをクリック
KGL Resources (TSXV:KGL)
過去 株価チャート
から 6 2023 まで 6 2024 KGL Resourcesのチャートをもっと見るにはこちらをクリック