-- 1100 m Gold Geochemistry anomaly delineated-- Adumbi West exhibits similar geophysical and geochemical characteristics to the Adumbi Prospect-- Adumbi West is underlain with banded iron formation-- No evidence of historical exploitation on Adumbi West-- Adumbi West Gold Geochemistry anomaly is 2.5 km west of the Adumbi Prospect-- Gold values up to 1.6 g/t in soil
Kilo Goldmines Ltd. (Kilo) (TSX VENTURE: KGL)(FRANKFURT: 02K) is pleased to announce the results and interpretation of the soil geochemical survey on the Adumbi West Prospect,Imbo Licence, Democratic Republic of Congo, which has defined a gold ("Au") anomaly over a strike length of 1100 m. The gold values are similar to those on the Adumbi Prospect, 2.5 km to the east, that hosts an NI 43-101 compliant inferred resource of 1.87 million ounces ("Moz") grading 1.63 grams per tonne ("g/t") Au at a 0.50 g/t cut-off.
Alex van Hoeken, President and CEO of Kilo, today stated:
"The completion of the recent geochemical soil sampling and subsequent interpretation with anomalous gold values over a significant area, especially together with the interpreted results of our previous geophysical program, is extremely encouraging. Gold values of 1.6 g/t for soil geochemistry samples is regarded as significant and this, together with our geophysical interpretation, coupled with the fact there appears to be no evidence of previous mining, certainly warrants further and more detailed systematic exploration. This result demonstrates the systematic approach of the company's exploration team to continue to explore, delineate, and asses new and existing targets to increase the mineral potential of the company's portfolio. "
The Imbo Licence, interpreted from the 2012 Airborne Magnetic and Radiometric Survey, coupled with field and drill core observations, comprises northwest trending mafic volcanic rocks flanked to the southwest and to the northeast with metasedimentary rocks, including Banded Iron Formation ("BIF"), as illustrated in Figure 1. A series of approximately north south trending faults, interpreted from the geophysics, structurally control the area.
A contour map of 7888 soil geochemical samples with analysed gold values covering a portion of the Imbo Licence has been overlain onto the geophysical airborne magnetic map. Geochemical soil anomalies comprise samples that returned gold values greater than 250 parts per billion ("ppb") Au. Figure 2 illustrates the contoured gold value anomalies are truncated in close proximity to the north south trending faults. In general, anomalous gold values are coincident with the areas historically mined indicating perhaps the gold soil geochemistry values are representative of the known underlying in-situ gold mineralization. However, several gold-in-soil anomalies, not associated with known gold exploitation, were delineated, but at Adumbi West there are no known historically mined or current artisanal areas of exploitation.
ADUMBI WEST - ADUMBI PROSPECT
Figure 3 illustrates the gold geochemical soil values for the individual sample locations over the Adumbi Prospect, as well as over the Adumbi West Prospect. Soil samples across the 120 m width that defines the westernmost 'drill target', shown on Figure 3, returned gold values of up to 1640 ppb Au with fragmented BIF, a known gold host, represented in places. Gold values from soil samples collected over the magnetic anomaly that partly defines the Adumbi West Prospect delineated a linear gold-in-soil anomaly 1100 m in length overlying the northern flank of the magnetic anomaly. Topographically the Adumbi West Prospect is gently undulating whereas the Adumbi Prospect is a steep-sided hill that rises approximately 130 m above the base elevation.