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TORONTO, ONTARIO -- (Marketwire) -- 01/14/13 -- Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE: KGL)(FRANKFURT: 02K) is pleased to announce significant results from six additional diamond drill holes, totalling 1,292.50 m. These results include 4.07 m grading 17.25 g/t Au commencing at a downhole depth of 126.8 m, including 1.07 m grading 63.8 g/t Au in hole SMDD0018.
Other Highlights Include
-- 9.55 m @ 2.72 g/t Au-- 2.00 m @ 23.46 g/t Au-- 700 m strike continuous gold zone-- gold zone part of open-ended 2.2 km gold bearing structure
These additional holes, at approximately 160 m intervals, as illustrated on Figure 1, now define a strike length of 700 m at the Manzako Prospect, which is on the Company's Somituri Project in northeastern Democratice Republic of Congo ("DRC"). The Manzako structure is estimated to be 2.2km in strike length as defined by colonial-era mining, previous trenches, soil sampling results and geological mapping. The Manzako Prospect is 5.0 km east and south from, and parallel to, the Company's 1.87 M oz Adumbi gold deposit.
The 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. The location of the Manzako Prospect with respect to other Prospects on the Imbo licence is illustrated in Figure 2.
Alex van Hoeken, President and CEO of Kilo stated:
"The gold intersections in these drill holes confirm the Manzako Prospect hosts a strike-continuous structure with high grade gold values where infill drilling is expected to delineate additional resources. These Manzako Prospect results confirm the presence of multiple continuous gold mineralization zones, currently, namely Adumbi, Kitenge and now Manzako on the Imbo Licence.
These high grades from the Manzako Prospect further enhances my belief that continued drilling will add to the current resource base of the 1.87 M oz Adumbi deposit as will the Kitenge Prospect. Our focus has been to define a larger, higher grade global resource on the Imbo licence of the Somituri Project with the objective of feeding a single mill from multiple pits. We are very pleased that our 2012 exploration efforts continue to demonstrate this goal is realistic and achievable."
Table 1. Gold intersections in Manzako Prospect drill holes, SomituriProject, DRC.----------------------------------------------------------------------------Drill Hole(2012 hole in Az From Int. Aubold) (Mag) Incl Zone (m) To (m) (m) (g/t)----------------------------------------------------------------------------SMDD0016 218 -48 24.70 26.20 1.50 0.55 ----------------------------------------------- 68.75 75.30 6.55 1.49 ----------------------------------------------- 102.40 103.65 1.25 0.53 ----------------------------------------------- 110.15 111.20 1.05 2.30 ----------------------------------------------- 136.70 139.00 2.30 2.39 ----------------------------------------------- 180.80 185.20 4.40 2.00----------------------------------------------------------------------------SMDD002(i)Drilled in 2010 40 -50 24.40 28.30 3.90 3.32 ----------------------------------------------- MSZ 94.20 98.90 4.70 9.37 ----------------------------------------------- 147.70 155.00 7.30 0.97 ----------------------------------------------- 151.10 155.00 3.90 1.58----------------------------------------------------------------------------SMD0017 218 -51 81.00 83.70 2.70 6.68 ----------------------------------------------- MSZ 103.75 112.90 9.55 2.72 ----------------------------------------------- 132.00 134.25 2.25 0.79----------------------------------------------------------------------------SMDD0018 218.5 -52 49.50 63.40 13.90 0.91 ----------------------------------------------- 60.21 63.40 3.19 3.17 ----------------------------------------------- MSZ 126.83 129.40 4.07 17.25 ---------------------------------------- includes 126.83 127.90 1.07 63.80 ----------------------------------------------- 142.35 143.00 0.65 6.72----------------------------------------------------------------------------SMDD0019 215 -68 82.25 82.65 0.40 1.06 ----------------------------------------------- 88.20 90.00 1.80 1.43 ----------------------------------------------- MSZ 183.30 184.45 1.15 8.54----------------------------------------------------------------------------SMDD0020 213 -50 46.45 47.50 1.05 0.79 ----------------------------------------------- 53.81 56.81 3.00 2.43 ----------------------------------------------- MSZ 100.15 102.15 2.00 23.46 ---------------------------------------- includes 100.15 101.15 1.00 45.10 ----------------------------------------------- 175.97 176.97 1.00 1.32----------------------------------------------------------------------------SMDD0021 219 -50 39.45 40.10 0.65 0.60 ----------------------------------------------- 45.55 47.35 1.80 2.10 ----------------------------------------------- 89.20 94.35 5.15 0.42----------------------------------------------------------------------------(i)previously reported (see press release dated October 27, 2010)Intersections were calculated on un-cut gold valuesTrue thickness estimated as 70% of core length intersections
