Kilo Goldmines Ltd.: Gold Geochemistry Anomalies Delineated on Four Other Licences, Somituri Project, DRC
25 June 2013 - 10:14PM
Marketwired Canada
HIGHLIGHTS
-- Reconnaissance soil geochemical surveys delineated gold in soil
anomalies on four additional licences
-- Gold values up to 0.48 g/t in soil overlying BIF
-- Reconnaissance soil geochemical surveys planned on the un-sampled
properties
-- 5421 reconnaissance soil samples collected to date (including quality
control samples)
-- 4000 follow-up in-fill soil samples collected to date
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K)
is pleased to announce results and interpretation of the reconnaissance soil
geochemical surveys on the Boroda, Gambi, Dhahabu and Mpaka Exploitation
Licences of the Somituri Project. Gold geochemistry anomalies that warrant
evaluation through detailed soil geochemical surveys have been delineated on all
licences surveyed. An in-fill soil geochemical survey is in progress to further
define previously announced (August 13, 2012) gold in soil anomalies delineated
by reconnaissance sampling on the Ngazi Licence.
SOMITURI PROJECT GEOLOGY
The five licences of the Somituri projected reported on herein, namely Boroda,
Gambi, Dhahabu Mpaka, and Ngazi are all within the Archaean Ngayu Greenstone
Belt, as illustrated on Figure 1. These licences are predominantly underlain
with Upper Kabalian metasedimentary rocks, including Banded Iron Formation
("BIF"); mafic volcanics occur locally. The eastern portion of the Mpaka licence
is underlain with a granitic intrusive and minor basement orthogneiss.
Gold mineralization on the Somituri Project is shear zone hosted within all
lithological units. Within the shear zones the gold mineralization typically has
steep plunging 'high grade shoots.' Thus, it follows that the surface
gold-in-soil geochemical expression can be very restricted, particularly in flat
terrain where there is minimal lateral dispersion of the soil. In-situ gold
mineralization has been intersected beneath a single sample high gold value on
the Senegal Prospect of the Imbo Licence. Hence, an explanation for all
anomalous gold values obtained in soil samples must be determined.
BORODA GOLD GEOCHEMISTRY
Elevated contoured gold values, on the Boroda Licence, illustrates a five
kilometre long northeast trending zone of elevated gold-in-soil values has been
delineated across the central portion of the licence. Near the southwest limit
of this zone of elevated gold values there is a 600 m long gold anomaly with
values up to 478 parts per billion ("ppb") gold ("Au"). Truncated by the
northern property boundary is a 400 m long gold-in-soil anomaly that adjoins a
high Bulk Leach Extractable Gold ("BLEG") anomaly on the Loncor Resources Inc.,
property (Loncor corporate presentation, September 2012). In addition several
other isolated gold anomalies were delineated. The geological map does not
indicate the presence of BIF on the Boroda Licence, however some soil samples
contained BIF fragments.
Detailed in-fill soil sampling is planned to further evaluate the gold
geochemical anomalies delineated on the Boroda Licence.
GAMBI GOLD GEOCHEMISTRY
Several elevated north trending zones of elevated gold values are illustrated by
the contoured gold results on Figure 3. Anomalous gold values up to 80 ppb
within the westernmost zone of elevated gold values overlies the BIF unit
illustrated on the geological map in Figure 1. Loncor Resources Inc., delineated
an elevated BLEG anomaly that strikes through the northwestern corner of the
Gambi Licence (Loncor corporate presentation, September 2012).
Detailed in-fill soil sampling is planned to further evaluate the gold
geochemical anomalies delineated on the Gambi Licence.
DHAHABU GOLD GEOCHEMISTRY
The Dhahabu Licence is located about 6 km northeast of the Yindi gold mine that
operated during the colonial-era. Reconnaissance soil geochemical survey has
been completed over the southern block of this licence and active artisanal
workings were observed. Contoured gold values, illustrated in Figure 4, have
delineated several areas with elevated gold values; anomalous gold values up to
158 ppb occur within each of these areas. A 500 m long gold-in-soil anomaly
discovered at the southwest corner of the Dhahabu licence adjouns a high BLEG
anomaly delineated by Loncor Resources Inc., (Loncor corporate presentation,
September 2012).
Reconnaissance soil sampling over the un-sampled portion of the licence is
planned prior to follow-up sampling on the delineated anomalies.
MPAKA GOLD GEOCHEMISTRY
Reconaissance soil geochemical survey was carried out north of the Ngayu River
over the western portion of the Mpaka Licence. Contoured gold values illustrated
in Figure 5 indicate that several areas of elevated gold values were delineated.
Anomalous gold values up to 184 ppb occur within some of the areas delineated
with elevated gold values.
The eastern half of the licence is indicated on the 1980, 1:200,000 Bafwasende
geological map to be underlain by a large granitic intrusive, in contact with
Upper Kibalian lithologies of the Archaean Ngayu greenstone belt to the west.
Historical reports reviewed by the company are silent on gold production from
Mpaka Licence. Given that gold mineralization occurs in close proximity to
granitic intrusions, reconnaissance soil geochemical surveying over the margins
of the granitic intrusive is planned prior to follow-up on the delineated
anomalies.
Alex van Hoeken, President and CEO of Kilo, today stated:
"The delineation of gold geochemical anomalies on all licences covered with
reconnaissance scale geochemical soil surveys is encouraging and further
confirms the exploration methodology is an effective first phase in a systematic
approach. Gold values up to 0.48 g/t for soil geochemistry samples on the Borada
Licence overlying BIF is particularly encouraging given the area ties onto known
BLEG anomalies and lacks evidence of previous exploitation. The on-going
reconnaissance soil geochemical surveys followed by in-fill detailed sampling
are expected to result in the delineation of targets that will require
evaluation by drilling."
NAGAZI GOLD GEOCHEMISTRY
Approximately 4000 in-fill soil samples at a spacing of 80 m x 40 m have been
collected since late April 2013 over the northern portion of the Ngazi Licence
to better define the gold anomalies delineated by 2310 reconnaissance scale soil
samples (see press release dated August 13, 2012).
SOIL SAMPLING PROCEDURES
Sample collection: The soil samples were collected at a depth of approximately
30 cm in flat topographic areas and from an approximate 60 cm depth on hill
slopes. The reconnaissance scale sampling was carried out at 100 m intervals on
lines 400 m apart. In-fill follow up sampling was carried out at 40 m intervals
on lines 80 m apart. Sample sites were located by GPS and coordinates were
recorded for each site. Approximately 2 kg of material present at the depth
sampled was collected and placed into a plastic bag together with a pre-numbered
sample tag and the bag was stapled shut.
Determination of anomalous gold values: Statistical analysis of the gold
geochemical values obtained on each of the Exploitation Licences was carried out
to determine the anomalous gold threshold value defined as the sample population
mean plus two times the sample population standard deviation as summarized in
Table 1.
Table 1. Statistical summary of gold geochemical surveys.
------------------------------------------------------------
Number Anomalous
Number of Gold
of High samples Threshold
Licence Samples(i) cut cut (ppb)
------------------------------------------------------------
Boroda 726 85 12 46
------------------------------------------------------------
Gambi 768 20 3 7
------------------------------------------------------------
Dhahabu 750 41 11 18
------------------------------------------------------------
Mpaka 606 12 6 6
------------------------------------------------------------
Note: (i) Excludes quality control samples.
ABOUT THE SOMITURI PROJECT
The Somituri Project comprises eight Exploitation Licences, covering 606 km2,
valid until 2039, of the Archaean Ngayu Greenstone belt in the northeastern
Democratic Republic of Congo.
According to historical records, which have not been verified by Kilo, the
Kitenge and Manzako mines produced approximately 100 000 oz of gold to 1955,
whilst the Adumbi/Bagbaie gold mines produced approximately 200 000 oz of gold,
from quartz vein ore that averaged 11 g/t gold, during the 1950s until its
closure in 1959.
The Imbo Licence hosts a number of gold bearing prospects, some of which are
currently being drilled. Adumbi Prospect is the most advanced Prospect on the
Imbo Licence with an NI 43-101 compliant inferred resource estimate as follows:
-- 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
The resource estimate was calculated in April 2012 by The Mineral Corporation
based in Johannesburg South Africa.
QUALITY CONTROL AND ANALYTICAL PROCEDURES
Sample preparation consisted initially of sorting the samples into numerical
sequential order, followed by drying, crushing and pulverizing of the entire
sample. The 2010 and 2011 soil samples were shipped, by commercial carrier, to
ALS Minerals sample preparation laboratory in Mwanza, Tanzania. Preparation of
the 2012 samples was carried out at the Kilo owned, ALS Minerals managed and
operated, Somituri Project exploration camp on-site laboratory. Sample pulps
were couriered to ALS Minerals full service laboratory in Johannesburg, Gauteng,
South Africa from Mwanza during 2010 and 2011 and from the Democratic Republic
of Congo during 2012. Gold was determined on a 30 g charge by the Fire Assay
with ICP finish method. In addition, multi-element analysis was carried out by
the ICP method. ALS Minerals is accredited to international standards.
Analytical quality control was monitored by Kilo with the insertion of
approximately 9% quality control samples consisting of duplicates as well as
commercial blank and standards in every batch of samples submitted for analysis.
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
approx. 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,
http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=91234&sn=Detail).
Incorporated within these licences, is the Somituri Project,
http://www.kilogold.net/our-business/gold/kgl-somituri-sprl/, (71.25% owned by
Kilo), comprising eight non-contiguous licences (606 km2) and the KWR Iron SPRL
Joint Venture with Randgold Resources Ltd,
http://www.kilogold.net/our-business/gold/kwr-iron-sprl/, (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.
Adumbi Prospect, one of a number of gold prospects, on the Imbo Licence (122
km2) of the Somituri Project hosts an NI 43-101 complaint inferred resource
estimate as follows:
-- 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.
The resource estimate was calculated in April 2012 by The Mineral Corporation
based in Johannesburg South Africa.
QUALIFIED PERSON
The soil geochemical surveys disclosed in this press release were planned and
supervised by Stanley Robinson, the Company's Exploration Manager. Stanley
Robinson, M.Sc., P.Geo is also the 'qualified person' (as such term is defined
under National Instrument 43-101) of the Company who has reviewed and verified
the scientific and technical information contained in this release.
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.
To view Figure 1, "Geological map illustrating the Somituri PEs and status of
soil geochemical surveys on all PEs except Imbo.", please click the following
link: http://media3.marketwire.com/docs/kgl0625a.pdf.
To view Figure 2, "Map of contoured gold geochemical values, Boroda Licence,
Somituri Project, DRC.", please click the following link:
http://media3.marketwire.com/docs/kgl0625b.pdf.
To view Figure 3, "Map of contoured gold geochemical values, Gambi Licence,
Somituri Project, DRC.", please click the following link:
http://media3.marketwire.com/docs/kgl0625c.pdf.
To view Figure 4, "Map of contoured gold geochemical values, Dhahabu Licence,
Somituri Project, DRC", please click the following link:
http://media3.marketwire.com/docs/kgl0625d.pdf.
To view Figure 5, "Map of contoured gold geochemical values, Mpaka Licence,
Somituri Project, DRC.", please click the following link:
http://media3.marketwire.com/docs/kgl0625e.pdf.
FOR FURTHER INFORMATION PLEASE CONTACT:
Kilo Goldmines Ltd.
Alex van Hoeken
Chief Executive Officer (CEO) & President
+1 416 360 3406
info@kilogoldmines.com
www.kilogoldmines.com
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