Kilo Drilling Intersects 3.86 g/t Gold Over 34.30 Metres on the Adumbi Prospect, Somituri Project, DRC
TORONTO, ONTARIO--(Marketwire - Aug. 23, 2011) - Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K)is pleased to announce further results from its diamond drill programmeon section 20075E on the Company's Adumbi Prospect, Somituri Project innorth-eastern Democratic Republic of Congo ("DRC").
Somituri - Adumbi Prospect Drilling
Diamond drill-hole SADD0034 was collared to undercutdrill hole SADD0024 and overcut SADD0026 on drill section 20075E. Thegold intersections obtained in drill hole SADD0034 are summarized belowand they are illustrated on Figure 1 (https://kilogold.net/pr23aug2011/).
| Section | Adit/Hole/Trench | From (m) | To (m) | Interval (m) | Gold g/t |
| | | | | | |
| 20075E | SADD0034 | 107.70 | 142.00 | 34.30 | 3.86 |
| | includes | 108.40 | 126.00 | 17.60 | 6.48 |
| | | 163.70 | 169.95 | 6.25 | 0.59 |
| Previously reported: | | | | |
| | | | | | |
| 20075E | SADD0024 | 0.00 | 15.30 | 15.30 | 1.24 |
| | | 29.00 | 30.60 | 1.60 | 0.81 |
| | | 48.60 | 50.30 | 1.70 | 0.51 |
| | | | | | |
| 20075E | SADD0026 | 126.20 | 137.00 | 10.80 | 0.86 |
| | | 146.80 | 186.00 | 39.20 | 4.67 |
| | includes | 153.60 | 186.00 | 32.40 | 5.57 |
| | | 189.60 | 190.40 | 0.80 | 0.41 |
| | | 203.50 | 208.10 | 4.60 | 5.76 |
| |
| Note: Results for drill holes SADD0024 and 26 were previously reported in the NI43-101 report by The Mineral Corporation on the inferred resource estimate which is posted on SEDAR and the Kilo website; conclusions are presented in a Kilo press release dated March 2, 2011. |
Diamond drill holesSADD0024, SADD0034 and SADD0026 intersected steep northerly dippingchemical metasedimentary rocks, a mega-unit predominantly characterizedby intervals of chert, chert banded with haematite and magnetite ironformation (BIF), as well as minor intervals of chert banded with blackshale and several narrow intervals of black shale; quartz veins occurthroughout the chemical metasedimentary rocks. Colonial era miningfocused on exploiting gold from a quartz vein over a strike length ofnearly 2 kilometres.
David Netherway, Chairman of Kilo stated: "Theintersection of 34.30m @ 3.86 g/t Au obtained in drill hole SADD0034about 45 metres up-dip from the intersection of 32.40m @ 5.57 g/t Auobtained in drill hole SADD0026 confirms vertical continuity of a highzone and thus bodes well towards increasing the grade and resource ofthe Adumbi gold deposit."
A preliminary interpretation of drill section 20075Econcludes that the Adumbi Gold Deposit is comprised of at least threeparallel gold zones each hosted within the mega-unit chemicalmetasedimentary rocks as illustrated on Figure 1.
Drill holes SADD0024, SADD0034 and SADD0026 weredrilled on a magnetic azimuth of 220 degrees at an inclination of -50degrees to depths of 50.30m, 187.80m and 253.80m respectively. Drillhole SADD0024 was unsuccessful in spanning intersected historicalworkings. It is estimated that the true width of the mineralized zonesis approximately 75 to 80 percent of the intersected widths in the drillholes.
2011 Exploration
Diamond Drilling: The company hascompleted four diamond drill holes on the Kitenge Prospect, three holeson the Vatican Prospect, four holes on the Canal Prospect, two holes onthe Manzako Prospect and on the Adumbi Gold Deposit three holes havebeen completed, two terminated within mineralization due to technicaldifficulties prior to reaching the targeted depth and two wereabandoned; two are in progress. The Manzako Prospect drill holesundercut the gold intersection of 31.70m @ 4.39 g/t Au in Trench SATR003(see Press Release dated June 30, 2011). The objective of the drillingon the Adumbi Gold Deposit is to explore the strike extension to thesoutheast as well as infill in selected areas.
Trenching: The company excavated andsampled six trenches on the Manzako Prospect, four trenches on theAdumbi Prospect, two trenches on the Canal Prospect and three trencheson the Kitenge Prospect; one trench is in progress on the CanalProspect.
Soil Sampling: The company hascollected soil samples at 20 metre intervals on lines spaced 160 metresapart over the Manzako Prospect, and at 20 metre intervals on linesspaced 320 metre metres apart over the Kitenge Prospect strikeextensions as well as the area between the Manzako and KitengeProspects.
PE9692: Reconnaissance mapping andgrab sampling returned anomalous gold values that warrant follow-updetailed mapping and soil sampling.
About the Somituri Project
The 2010 exploration program on the Somituri Projectdelineated an NI43-101 compliant inferred resource estimate of 2.03million ounces grading 1.37 g/t Au at a cut off of 0.50 g/t Au.
Records from the colonial era, unverified by theCompany, indicate that during the 1940s until its closure in 1958 thecombined production from the Adumbi and Bagbaie mines totaled about200,000 ounces of gold; the Adumbi gold was hosted in quartz vein orethat averaged 11 g/t gold and the Kitenge and Manzako mines producedabout 100,000 ounces of gold prior to about 1942.
QC and Analytical Procedures
Quality control of analytical results is monitored bythe company with the insertion of commercial standards and blanks inevery batch of samples submitted for analysis. For additional detailsthe reader is referred to Kilo's previously announced (see May 4, 2010press release) quality control and analytical procedures.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold explorationcompany operating in the Democratic Republic of Congo (DRC). The Companyhas over 7,000 sq.km of favourable Archaean Kabalian greenstone in theKilo-Moto area in north-eastern DRC. Kilo recently announced an inferredresource on the Adumbi Deposit of the Somituri Project of which theCompany owns a 71.25% interest in the DRC entity that holds the SomituriProject Exploitation Permits.
The Company is also working on a number of otherprospective areas which contain historical workings in the same region.It also has a joint venture with Rio Tinto Ltd. on potential iron orelicences in north-eastern DRC.
Qualified Person
The drilling program disclosed in this press releasewas planned and supervised by the Company's geological consultantStanley Robinson. Stanley Robinson, M.Sc., P.Geo is also the 'qualifiedperson' (as that term is defined under National Instrument 43-101) ofthe Company who has reviewed the scientific and technical informationcontained in this release.
Figure 1, illustrating Diamond drill section 120075Eon the Adumbi prospect, as well as the Adumbi mine can be viewed at:https://kilogold.net/pr23aug2011/.
This news release may contain forward lookingstatements concerning future operations of Kilo Goldmines Ltd. Allforward looking statements concerning the Company's future plans andoperations, including management's assessment of the Company's projectexpectations or beliefs may be subject to certain assumptions, risks anduncertainties beyond the Company's control. Investors are cautionedthat any such statements are not guarantees of future performance andthat actual performance and exploration and financial results may differmaterially from any estimates or projections.
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracy ofthis release.