Gold at Manzako occurs with quartz + carbonate + pyrite +/- pyrrhotite +/- arsenopyrite +/- chalcopyrite in a northwest-southeast oriented shear zone hosting auriferous quartz vein(s) that dips about 80 degrees northeast, herein termed the Manzako Shear Zone ("MSZ"). Preliminary interpretation concludes that the MSZ is bedding parallel to sub-parallel in chloritized, sericitized and silicified mafic volcanic rocks, including pillowed basalts.
Infill and step out drilling with a minimum of two holes per section is planned for the next drilling campaign.
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.
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.
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.
To view "Figure 1. Map illustrating the Manzako Prospect diamond drill holes SMDD0016 to 21 inclusive.", please visit the following link: http://media3.marketwire.com/docs/846478a.pdf.
To view "Figure 2. Map illustrating Manzako Prospect with respect to other Imbo Licence prospects.", please visit the following link: http://media3.marketwire.com/docs/846478b.pdf.
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.
Contacts:
Kilo Goldmines Ltd.
Alex Van Hoeken
President and CEO
+1 (416) 360 3415
[email protected]
www.kilogoldmines.com
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Kilo Intersects 4.07 m Grading 17.25 g/t Gold at Manzako Prospect, Somituri Project, DRC
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Source: Marketwire
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