Mr. Alex van Hoeken reports
KILO INTERSECTS 7.80 M GRADING 11.47 G/T GOLD AT KITENGE PROSPECT, SOMITURI PROJECT, DRC
Kilo Goldmines Ltd. has released results from an additional four diamond drill holes, totalling 846.10 metres. The addition of these four drill holes, two on each section line, results in a 400-metre strike length being explored at 80-metre intervals. The 400-metre section of the northwestern portion of the Kitenge prospect has now been defined by a total of seven holes. The Kitenge prospect, now defined over a 1,419-metre strike length, is one of several exploration prospects on the company's Somituri project in northeastern Democratic Republic of Congo (DRC). Kitenge is only four kilometres from the company's 1.87-million-ounce Adumbi gold deposit.
Highlights include:
- 7.80 metres at 11.47 grams per tonne (g/t) gold (Au);
- 2.48 metres at 4.23 g/t Au;
- 400-metre strike length evaluated at 80-metre intervals;
- Gold zone confirmed over an open-ended 1,419 metres.
Gold intersections obtained in the Kilo drill holes, presented from southeast to northwest, are listed in the associated table and the drill holes are illustrated on an image on the company's website. Location of the Kitenge prospect with respect to the Imbo licence boundaries is illustrated on the company's website as well.
Alex van Hoeken, president and chief executive officer of Kilo, stated:
"These additional gold intersections in the Kitenge prospect further confirm a continuous gold-bearing structure hosting high-grade gold values over a strike length approaching 1,500 metres. The results show that in addition to the main Kitenge shear zone (KSZ), which is currently our key Kitenge target, there is additional mineralization situated in the hangingwall and footwall that could yield additional mineralized zones. Of particular interest is the intersection in SKDD0030 of 7.80 metres at 11.47 g/t, at a depth of 140 metres and 400 metres northwest of the best intersection to date of 5.80 metres at 42.24 g/t Au in SDKK0021."
DRC SOMITURI PROJECT -- IMBO LICENCE: KITENGE PROSPECT DRILL HOLE INTERSECTIONS
Drill hole From To Int. Au Depth
(m) (m) (m) (g/t) (m)
SKDD0019* (2012) 46.19 48.65 2.46 2.07 30
46.96 47.65 0.69 7.07
107.10 108.20 1.10 1.12
SKDD0001 drilled 2010 (see NR 26/01/2011) 16.00 17.00 1.00 0.65
30.00 36.00 6.00 2.46 24
35.00 36.00 1.00 12.40
44.10 44.90 0.80 0.71
116.30 117.30 1.00 2.18
146.40 148.30 1.90 0.75
SKDD0031 (2012) 76.11 78.27 2.16 1.0 2
87.35 89.36 2.01 0.65
114.07 116.55 2.48 4.23 85
115.96 116.55 0.59 17.59
140.48 141.85 1.37 0.47
178.46 183.87 5.41 0.82
181.70 183.87 2.17 1.74
SKDD0032 (2012)(undercut of SKDD0031) 106.41 116.17 9.76 0.67
107.16 113.00 5.84 0.82
124.91 132.50 7.59 1.35
127.52 131.76 4.24 1.79
162.00 166.00 4.00 2.65 145
189.62 190.05 0.43 5.11
SKDD0018* (2012) 16.40 19.10 2.70 0.90
60.20 62.20 2.00 0.65
70.85 74.77 3.92 13.60 53
70.85 71.72 0.87 60.10
88.77 89.77 3.31 1.00
196.54 198.54 2.00 0.87
SKDD0029 (2012) 71.90 116.88 11.28 0.82 85
111.70 116.88 5.18 1.05
SKDD0030 (undercut of SKDD0029) 152.70 160.50 7.80 11.47 140
SKDD0017* (2012) 11.60 12.45 0.85 3.20
50.27 51.27 1.00 3.43
100.15 105.84 5.69 1.62 76
100.15 101.96 1.81 4.01
104.73 105.84 1.11 1.58
141.66 143.66 2.00 0.84
157.66 158.85 1.19 1.66
Notes
* Previously reported (see press release dated Nov. 1, 2012).
Intersections were calculated on uncut gold values.
True thickness estimated as 60 to 70 per cent of core length intersections.
Gold at Kitenge occurs with quartz-carbonate-pyrite-plus/minus-pyrrhotite-plus/minus-arsenopyrite-plus/minus-chalcopyrite in a northwest-southeast-oriented dominant shear zone hosting a continuous auriferous quartz vein, that dips about 80 degrees northeast, termed the Kitenge shear zone (KSZ). Preliminary interpretation concludes that the KSZ is bedding parallel to subparallel and hosted in highly sericitized and silicified fine-grained clastic metasedimentary rocks. A series of left lateral faults has displaced KSZ from the Adumbi shear zone. The Adumbi shear zone, hosted in chemical metasedimentary rocks, is considered to be the northwest strike continuation, but fault offset, of the KSZ. In addition to the KSZ other gold-bearing zones occur on the footwall and hangingwall sides of the KSZ.
About the Somituri project
The Somituri project consists of eight exploitation licences totalling 606 square kilometres in the Archaen Ngayu greenstone belt, in the northeastern Democratic Republic of Congo.
According to historic 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 Corp. (April, 2012), based in Johannesburg, calculated a National Instrument 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-gram charge by the fire assay with atomic absorption finish method. ALS Chemiex is accredited to international standards.
Qualified person
The drilling program disclosed in this press release was planned and supervised by the company's geological consultant Stanley Robinson. Stanley Robinson, MSc, PGeo, 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.
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