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Kilo Goldmines Ltd (2)
Symbol C : KGL
Shares Issued 169,699,855
Close 2017-07-17 C$ 0.04
Recent Sedar Documents

Kilo Goldmines drills 23.45 m of 6.08 g/t Au at Adumbi

2017-07-17 08:42 ET - News Release

Mr. Philip Gibbs reports

KILO GOLDMINES ANNOUNCES DRILLING RESULTS: ADUMBI EXTENDED DOWN DIP

Kilo Goldmines Ltd. has released the results of its completed drill program to test the down dip extension at the Adumbi prospect as well as an update on regional exploration activities on its Imbo licence (PE9691) falling within the Ngayu greenstone belt in the northeastern Democratic Republic of the Congo (DRC).

Highlights

  • Results from four holes drilled to test the depth extensions of the Replaced Rock (RP) zone confirm that the Adumbi mineralization extends down dip to at least 375 metres below surface (that is about 100 m deeper than defined by previous drilling).
  • Width of the mineralization is continuing with depth at similar grades and includes an intersection of 23.45 metres at 6.08 grams per tonne, with visible gold observed in three of the holes.
  • Significant RP zone intersections in each hole are:
    • SADD0050: 434.73 to 447.42 m with 12.69 m at 5.51 g/t Au (including 5.49 m at 9.67 g/t Au);
    • SADD0051: 393.43 to 402.72 m with 9.29 m at 4.09 g/t Au;
    • SADD0052: 389.72 to 401.87 m with 12.15 m at 3.24 g/t Au;
    • 419.15 to 428.75 m with 9.60 m at 5.04 g/t Au;
    • SADD0053: 346.36 to 355.63 m with 9.27 m at 3.71 g/t Au;
    • 391.72 to 415.17 m with 23.45 m at 6.08 g/t.
  • Further mineralogical studies and metallurgical test work are planned to assess the economic potential of the RP zone.
  • The stream sediment (BLEG) sampling program, intended to identify and prioritize regional exploration targets on five other exploration licences (which cover 240 square kilometres within the Ngayu belt), is nearing completion.

Drilling -- Adumbi prospect

Previous drilling at the company's Adumbi prospect (currently with an inferred resource of 19.11 million tonnes at 2.2 g/t Au for 1,362,000 ounces of gold) identified a zone of relatively high-grade mineralization termed the Replaced Rock (or RP) zone. The RP zone is associated with intense alteration and structural deformation that has completely destroyed the primary lithological characteristics of the host rock and was initially traced along strike for 840 m and down dip to 275 m below surface.

The average true width and weighted average grade of all previous drill hole intersections in the RP zone are 4.91 m and 5.44 g/t Au, with the central 480 m of strike averaging 6.41 m at 6.25 g/t Au. The RP zone is seen to have potential for underground exploitation and establishing depth continuity could add significantly to the company's resource base. A program of four drill holes totalling 1,776 m was therefore recently completed, with the objective of testing the down-plunge extensions of relatively high-grade shoots within the RP zone, at depths approximately 100 m vertically below the previous deepest intersections.

The RP zone was intersected in all four of the new drill holes (SADD0050, SADD0051, SADD0052 and SADD0053) and comprises banded iron formation (BIF) which has been intensely silicified and sulphidized. Pyrite, pyrrhotite and arsenopyrite occur in varying proportions and comprise up to 40 per cent of the rock. There is a general, positive correlation between the amount of sulphides and gold grade, with arsenopyrite frequently associated with higher-grade gold values. Visible gold was locally observed in the RP zone in three drill holes. Less intensely altered rock occurs outside the RP zones and also locally carries significant gold grades. Analytical results for the RP and other significant intersections are summarized in the table and complete the results for all drilling to date.

The results show that the RP zone extends down dip to at least 375 m below surface (that is about 100 m deeper than defined by previous drilling) and that the width and grade of the mineralization are continuing with depth. The data also support the interpretation that the higher-grade shoots within the RP zone dip steeply to the northwest at about 80 degrees. In order to further assess the economic potential of the RP zone, mineralogical studies to determine gold deportment are planned, followed by metallurgical test work.

                                     ADUMBI DRILL RESULTS

Hole             From (m)    To (m)    Downhole width (m)  True width (m)   Grade (Au g/t)

SADD0050          339.00    340.00                  1.00            0.78             1.23
                  355.00    356.00                  1.00            0.79             1.82
                  395.43    396.04                  0.61            0.50             4.80
                  402.90    403.40                  0.50            0.40             9.03
                  405.40    408.30                  2.90            2.35             0.80
                  409.95    415.80                  5.85            4.77             1.77
                  419.86    424.45                  4.59            3.75             1.06
                  434.73    447.42                 12.69           10.48             5.51
Includes          435.36    440.85                  5.49            4.53             9.67
SADD0051           90.60     92.08                  1.48            0.66            23.80
Includes           91.60     92.08                  0.48            0.21            54.60
                  301.31    304.00                  2.69            1.78             1.17
                  312.00    317.00                  5.00            3.34             1.44
                  321.05    325.00                  3.95            2.64             2.41
                  328.80    334.30                  5.50            3.70             1.62
                  339.55    355.48                 15.93           10.82             1.30
                  378.43    379.43                  1.00            0.69            13.00
                  393.43    402.72                  9.29            6.48             4.09
SADD0052           74.90     75.90                  1.00            0.50             2.10
                  303.55    308.55                  5.00            3.29             1.11
                  350.70    352.15                  1.45            1.00             3.82
                  375.00    379.45                  4.45            3.08             3.53
                  389.72    401.87                 12.15            8.42             3.24
                  402.57    406.00                  3.43            2.42             0.59
                  407.00    411.00                  4.00            2.84             2.05
                  419.15    428.75                  9.60            6.88             5.04
SADD0053          239.30    259.32                 20.02           13.65             1.95
Includes          239.30    247.78                  8.48            5.78             3.26
                  262.32    266.75                  4.43            3.02             1.29
                  292.23    293.18                  0.95            0.47            63.90
                  312.60    319.00                  6.40            3.25             0.63
                  321.00    339.65                 18.65            9.59             1.88
Includes          333.68    339.62                  5.94            3.05             3.04
                  341.28    342.00                  0.72            0.37             3.00
                  346.36    355.63                  9.27            4.83             3.71
                  367.36    374.30                  6.94            3.68             2.43
                  376.07    380.56                  4.49            2.42             1.32
                  383.11    386.42                  3.31            1.80             0.85
                  391.72    415.17                 23.45           12.99             6.08

Other exploration

A stream sediment (BLEG) sampling program is under way on five licence areas within the Ngayu belt, with the objective of identifying and prioritizing targets for follow-up by soil sampling. A planned program of a total of 315 sampling sites on PE137, PE138, PE140, PE9692 and PE9695 has been completed and sample preparation is under way prior to submission to an SGS laboratory in Ireland for analyses.

Exploration is also planned in the eastern part of the Imbo licence, where stream sediment and rock chip sampling indicate an extension of the Adumbi/Kitenge/Manzako mineralized trend over a strike of about seven km (see the company's press release of Sept. 23, 2015). The program will entail soil sampling at 40 m intervals along 160 m spaced lines, and will be accompanied by geological mapping, rock chip sampling, channel sampling and trenching/augering.

Qualified person

Dr. Howard Fall, BSc, PhD, MAusIMM, QP (Geo), is the qualified person (as such term is defined under National Instrument 43-101) of Kilo and has reviewed the scientific and technical information contained in this release.

About Kilo Goldmines Ltd.

Kilo Goldmines holds about 2,417 square km of prospective Archean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.

We seek Safe Harbor.

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