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Wednesday, 10 October 2012
Kilo Goldmines intersects 43.04 g/t gold over 4.3 metres at Manzako Prospect, DRC
Kilo Goldmines (CVE:KGL) Tuesday announced results from two of 18 diamond drill holes on the company's Manzako Prospect in the northeastern Democratic Republic of Congo.
Manzako is located on the company's Imbo Licence, one of eight licences which form part of the greater Somituri Project which covers some 606 square kilometers of land. These licences overlay the Ngayu Greenstone Belt in the Oriental Province.
The Manzako Prospect hosts a northwest trending gold bearing structure, approximately 2.2 km long. Exploration highlights include 1,680 grams per tonne (g/t) gold over 0.30 metres, 59.50 g/t gold over 3.10 metres and 2,080 metres gold bearing structure drill tested at 160 metre intervals.
Visible gold intersected in 7 consecutive drill holes over 640 meters along strike on the Kitenge project, Kilo said.
"These high grade gold intersections demonstrate that our change in strategy has the potential to provide additional higher grade ounces to the Adumbi resource for a large, multi pit, single mine operation on the Imbo Licence," Kilo Goldmines president and CEO Alex van Hoeken said.
"Our team has worked hard this year to implement our basic exploration strategy and the interpretation from airborne geophysical data and soil sampling is starting to pay off.
"We are nearing completion of our 10 000 m drilling program for 2012 and sample pulps from our on-site, ALS managed sample preparation laboratory, are being timeously dispatched to ALS in Johannesburg for assaying.
"Furthermore, visual logging shows that our drill program is intersecting mineralisation consistent or better than previous results over significant strike lengths, and we look forward to receiving the outstanding assay results."
Kilo said that the gold values obtained in two of the 18 Manzako Prospect 2012 diamond drill holes, collared to further explore northwest-southeast striking shear zones hosting auriferous strike parallel auriferous quartz veins over a mapped 2.2 km.
During 2012 Kilo completed 18 diamond drill holes totalling 3,640 metres on the Manzako Prospect. This included drilling on 13 section lines, spaced 160 m apart to evaluate 2,080 metres of the strike length of a gold bearing structure.
Two widely spaced drill holes in this structure in 2010 returned gold intersections including 9.37 g/t gold over 4.7 metres and 4.63 g/t gold over 3.9 metres in hole SMDD0002 and hole SMDD0003 returning 7.76 g/t gold over 6.5 metres and 2.63 g/t gold over 2.4 metres.
Three of the 2012 drill holes completed on the Manzako Prospect for which we are still awaiting results also tested a short parallel gold bearing structure to the northeast.
Further drilling will be carried out following receipt and compilation of analytical results from all 18 planned drill holes.
The Manzako Prospect diamond drill holes predominantly intersected greenschist facies mafic volcanics and intrusives. Gold is structurally controlled in northwest-southeast striking, northeast dipping shear zones.
The Manzako Prospect structure was mined by open pit and underground methods to shallow depths during the Colonial era and select sites are currently targeted by artisanal mining.
At the Kitenge Prospect, visible gold has been intersected in seven consecutive drill holes, exploring a 800 metre strike length of the Kitenge Prospect. Visible gold was also observed in another hole along the drill tested strike length of 1,600 metres.
Kilo has completed 22 diamond drill holes totalling 4,781 metres on the Kitenge Prospect in 2012.
Twelve of these holes tested the gold bearing quartz vein and structure, herein termed the Kitenge Shear Zone, over a 1,600 metre strike length, on 10 section lines spaced 160 metres apart.
Four of the 22 completed drill holes were collared on two infill section lines resulting in 80 metre intervals along strike. The two drill holes on each infill section line targeted the KSZ at vertical depths of 80 and 160 m respectively.
The KSZ was partially exploited during the colonial-era and sporadically since by artisanal miners in isolated sections.
At the Senegal Prospect, diamond drilling has commenced where trenching of a gold-in-soil anomaly returned 4.56 g/t gold over 2.3 metres (including 14.15 g/t gold over 0.70 metres and 1.26 g/t gold over 2.40 metres in trench SKTR001.
Preliminary interpretation concludes the 1600 m long Senegal Prospect as the northwest strike extension of the Kitenge Prospect.
At Kilo's Canal Prospect, the company plans to drill several holes in 2012 upon completion of several widely spaced Senegal Prospect drill holes. These holes will be along strike to the northwest of the 2011 diamond drill holes.
At Adumbi, the structurally controlled gold deposition is spatially and temporally associated with the precipitation of pyrrhotite-arsenopyrite-second generation pyrite and associated with quartz and carbonate (ankerite) infill/replacement.
The gold deposition was concluded in a petrographic report on 95 samples from drill hole SADD0019 carried out by Vancouver Petrographics dated September 13, 2012. Discrete gold grains were observed microscopically. Further study of the Vancouver Petrographics findings and additional studies/analysis are planned.
Kilo Goldmines is a Canadian gold exploration company which has exploration and exploitation rights for over 2,500 square kilometres of land associated with the Archaean Kabalian greenstones in the Kilo-Moto area of the DRC.