Tuesday, 15 January 2013

Kilo Goldmines says continued drilling at Manzako expected to add to resource base

Toronto-based Kilo Goldmines (CVE:KGL) announced Monday high grade results from six more diamond drill holes at its Manzako prospect, part of the Somituri project in the Democratic Republic of Congo, which the company says are expected to outline additional resources. 
The results include 4.07 metres grading 17.25 grams per tonne (g/t) gold starting at a downhole depth of 126.8 metres, including 1.07 metres grading a whopping 63.8 g/t gold in hole SMDD0018. 
Other notable intercepts included 9.55 metres at 2.72 g/t gold, and 2.00 metres at 23.46 g/t gold. 
The additional holes now define a strike length of 700 metres at the Manzako prospect. 
The structure is expected to be 2.2 km in strike, said the company, as defined by colonial-era mining, previous trenches, soil sampling results and geological mapping. 
Manzako is 5.0 km east and south from, as well as parallel to, the company's 1.87 million ounce Adumbi gold deposit.        
"The gold intersections in these drill holes confirm the Manzako Prospect hosts a strike-continuous structure with high grade gold values where infill drilling is expected to delineate additional resources," said president and CEO of Kilo, Alex van Hoeken.
He further said the latest results confirm the presence of multiple continuous gold mineralization zones on the Imbo License. 
"These high grades from the Manzako Prospect further enhance my belief that continued drilling will add to the current resource base of the 1.87 M oz Adumbi deposit as will the Kitenge Prospect," added Hoeken. 
"Our focus has been to define a larger, higher grade global resource on the Imbo license of the Somituri Project with the objective of feeding a single mill from multiple pits. We are very pleased that our 2012 exploration efforts continue to demonstrate this goal is realistic and achievable."
The company said infill and step out drilling, with a minimum of two holes per section, is planned for the next drilling campaign. 
The Somituri project consists of eight exploitation licenses totalling 606 square kilometres in the Archaen Ngayu Greenstone belt.              
Last week, Kilo said that more drilling results from its Kitenge prospect further confirmed a continuous gold-bearing structure over a strike length approaching 1,500 metres. 
Last Tuesday, the gold explorer announced results from an additional four diamond drill holes at Kitenge, totaling just over 846 metres. 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 included 7.8 metres at 11.47 grams per tonne (g/t) gold, and 2.48 metres at 4.23 g/t gold.          
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. 

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