Kilo Goldmines (CVE:KGL) Monday provided an update on its Somituri project in the northeastern Democratic Republic of Congo (DRC), saying that it has completed a geophysical survey and interim soil sampling at the site.
Canadian gold exploration company said that it had completed an airborne
geophysical survey over the entire 122 square kilometre exploitation
licence, PE9691, which hosts the Adumbi gold deposit of the Somituri
New Resolution Geophysics, based in South Africa,
carried out the airborne magnetic and radiometric survey over PE9691, by
helicopter, in mid April.
The survey consisted of 1,416.5 line
kilometres flown at 100 metre intervals in order to orthogonally
traverse the lithologies and gold bearing shear zones, said the company.
said the objective of the survey is, in part, to better define the
structural and lithological settings of the known gold deposits hosted
on the exploitation licence, and the on-strike extensions of these
structures in areas where they have not been exposed or exploited.
addition, the company said the magnetics can determine the presence of
younger intrusive rocks, and cross-cutting structures that are typically
associated with shear-hosted Archaean orogenic gold deposits as well as
differentiate between the Banded Iron Formation (BIF), metasediments,
volcanic and other rock types.
Kilo also reported that it had
completed soil sampling and reconnaissance geological mapping on PE9692,
PE138 and PE137, with soil sampling and reconnaissance geological
mapping in progress on PE9695.
The company noted that the
objective of this program is to delineate areas of anomalous gold values
in soil, and ultimately define drill targets.
technical team has worked efficiently around the various concessions
since January and has laid the groundwork for expanding the potential of
the company's mineral portfolio,” said Kilo president and CEO Alex van
Earlier this month, the company unveiled what it called
"encouraging" results from preliminary metallurgical test work on
diamond drill core from its Adumbi gold deposit.
Overall recoveries were 94.2 percent for gold recovery in oxide and 96.2 percent for gold recovery in sulphide.
In mid-March, Kilo released an updated NI 43-101 resource estimate for its 71.25 percent-owned Adumbi deposit.
company said in the inferred category, at a cut-off grade of 0.5 grams
per tonne (g/t) gold, the resource estimate comprises 35.6 million
tonnes containing 1.87 million ounces of gold at an average grade of
1.63 g/t gold. Of this, 33 percent is attributable to oxide, while 53
percent is attributable to sulphide.
Kilo has over 7,000 square
kilometres of favourable Archaean Kabalian greenstone in the Kilo-Moto
area in the Democratic Republic of the Congo.
principal focus is to advance its projects from exploration through
feasibility to project development and ultimately to full production.
is also working on a number of other prospective areas which contain
historical workings in the same region. It also has a joint venture with
Rio Tinto (NYSE:RIO) on potential iron ore licences in north-eastern DRC.