Monday, 14 January 2013

Kilo Goldmines reveals more drill results that confirm gold structure over 1,500 m at Kitenge


Kilo Goldmines (CVE:KGL) says that more drilling results from its Kitenge prospect have further confirmed a continuous gold-bearing structure over a strike length approaching 1,500 metres. 
The Kitenge prospect is one of several exploration areas on the company's Somituri project in the northeastern Democratic Republic of Congo. 
Tuesday, the gold explorer announced results from an additional four diamond drill holes at Kitenge, totaling just over 846 metres. 
The addition of these four holes results in a 400 metre strike length being explored at 80 metre intervals, the company said. 
The Kitenge prospect is just 4 kilometres from Kilo's 1.87 million ounce Adumbi gold deposit. 
Notable results from the latest drill holes in the Kitenge area include 7.8 metres at 11.47 grams per tonne (g/t) gold, and 2.48 metres at 4.23 g/t gold. 
The gold zone has now been confirmed over an open-ended 1,419 metres, Kilo noted. 
"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 hanging wall and footwall that could yield additional mineralized zones," said president and CEO of the company, Alex van Hoeken. 
"Of particular interest is the intersection in SKDD0030 of 7.80 m @ 11.47 g/t, at a depth of 140 m and 400 m northwest of the best intersection to date of 5.80 m @ 42.24 g/t Au in SDKK0021."
Kilo's Somituri project consists of eight exploitation licenses totaling 606 square kilometres in the Archaen Ngayu Greenstone belt. According to historical records that have not been verified by the company, the Kitenge and Manzako mines produced about 100,000 ounces of gold to 1955, and the Adumbi mine produced 200,000 ounces during the 1940s until its closure in 1959. 
Last April, the Mineral Corportion based in Johannesburg calculated an NI 43-101 compliant inferred resource of 1.87 million ounces at Adumbi, grading 1.63 g/t gold, using a 0.5 g/t cut of. 

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