Kilo Goldmines Ltd.: Gold Geochemistry Anomalies Delineated on Four Other Licences, Somituri Project, DRC
TORONTO, ONTARIO -- (Marketwired) -- 06/25/13 -- HIGHLIGHTS
-- Reconnaissance soil geochemical surveys delineated gold in soil
anomalies on four additional licences
-- Gold values up to 0.48 g/t in soil overlying BIF
-- Reconnaissance soil geochemical surveys planned on the un-sampled
properties
-- 5421 reconnaissance soil samples collected to date (including quality
control samples)
-- 4000 follow-up in-fill soil samples collected to date
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE: KGL)(FRANKFURT: 02K) is pleased to announce results and interpretation of the reconnaissance soil geochemical surveys on the Boroda, Gambi, Dhahabu and Mpaka Exploitation Licences of the Somituri Project. Gold geochemistry anomalies that warrant evaluation through detailed soil geochemical surveys have been delineated on all licences surveyed. An in-fill soil geochemical survey is in progress to further define previously announced (August 13, 2012) gold in soil anomalies delineated by reconnaissance sampling on the Ngazi Licence.
SOMITURI PROJECT GEOLOGY
The five licences of the Somituri projected reported on herein, namely Boroda, Gambi, Dhahabu Mpaka, and Ngazi are all within the Archaean Ngayu Greenstone Belt, as illustrated on Figure 1. These licences are predominantly underlain with Upper Kabalian metasedimentary rocks, including Banded Iron Formation ("BIF"); mafic volcanics occur locally. The eastern portion of the Mpaka licence is underlain with a granitic intrusive and minor basement orthogneiss.
Gold mineralization on the Somituri Project is shear zone hosted within all lithological units. Within the shear zones the gold mineralization typically has steep plunging 'high grade shoots.' Thus, it follows that the surface gold-in-soil geochemical expression can be very restricted, particularly in flat terrain where there is minimal lateral dispersion of the soil. In-situ gold mineralization has been intersected beneath a single sample high gold value on the Senegal Prospect of the Imbo Licence. Hence, an explanation for all anomalous gold values obtained in soil samples must be determined.
BORODA GOLD GEOCHEMISTRY
Elevated contoured gold values, on the Boroda Licence, illustrates a five kilometre long northeast trending zone of elevated gold-in-soil values has been delineated across the central portion of the licence. Near the southwest limit of this zone of elevated gold values there is a 600 m long gold anomaly with values up to 478 parts per billion ("ppb") gold ("Au"). Truncated by the northern property boundary is a 400 m long gold-in-soil anomaly that adjoins a high Bulk Leach Extractable Gold ("BLEG") anomaly on the Loncor Resources Inc., property (Loncor corporate presentation, September 2012). In addition several other isolated gold anomalies were delineated. The geological map does not indicate the presence of BIF on the Boroda Licence, however some soil samples contained BIF fragments.
Detailed in-fill soil sampling is planned to further evaluate the gold geochemical anomalies delineated on the Boroda Licence.
GAMBI GOLD GEOCHEMISTRY
Several elevated north trending zones of elevated gold values are illustrated by the contoured gold results on Figure 3. Anomalous gold values up to 80 ppb within the westernmost zone of elevated gold values overlies the BIF unit illustrated on the geological map in Figure 1. Loncor Resources Inc., delineated an elevated BLEG anomaly that strikes through the northwestern corner of the Gambi Licence (Loncor corporate presentation, September 2012).
Detailed in-fill soil sampling is planned to further evaluate the gold geochemical anomalies delineated on the Gambi Licence.
DHAHABU GOLD GEOCHEMISTRY
The Dhahabu Licence is located about 6 km northeast of the Yindi gold mine that operated during the colonial-era. Reconnaissance soil geochemical survey has been completed over the southern block of this licence and active artisanal workings were observed. Contoured gold values, illustrated in Figure 4, have delineated several areas with elevated gold values; anomalous gold values up to 158 ppb occur within each of these areas. A 500 m long gold-in-soil anomaly discovered at the southwest corner of the Dhahabu licence adjouns a high BLEG anomaly delineated by Loncor Resources Inc., (Loncor corporate presentation, September 2012).
Reconnaissance soil sampling over the un-sampled portion of the licence is planned prior to follow-up sampling on the delineated anomalies.
MPAKA GOLD GEOCHEMISTRY
Reconaissance soil geochemical survey was carried out north of the Ngayu River over the western portion of the Mpaka Licence. Contoured gold values illustrated in Figure 5 indicate that several areas of elevated gold values were delineated. Anomalous gold values up to 184 ppb occur within some of the areas delineated with elevated gold values.
The eastern half of the licence is indicated on the 1980, 1:200,000 Bafwasende geological map to be underlain by a large granitic intrusive, in contact with Upper Kibalian lithologies of the Archaean Ngayu greenstone belt to the west. Historical reports reviewed by the company are silent on gold production from Mpaka Licence. Given that gold mineralization occurs in close proximity to granitic intrusions, reconnaissance soil geochemical surveying over the margins of the granitic intrusive is planned prior to follow-up on the delineated anomalies.
Alex van Hoeken, President and CEO of Kilo, today stated:
"The delineation of gold geochemical anomalies on all licences covered with reconnaissance scale geochemical soil surveys is encouraging and further confirms the exploration methodology is an effective first phase in a systematic approach. Gold values up to 0.48 g/t for soil geochemistry samples on the Borada Licence overlying BIF is particularly encouraging given the area ties onto known BLEG anomalies and lacks evidence of previous exploitation. The on-going reconnaissance soil geochemical surveys followed by in-fill detailed sampling are expected to result in the delineation of targets that will require evaluation by drilling."
NAGAZI GOLD GEOCHEMISTRY
Approximately 4000 in-fill soil samples at a spacing of 80 m x 40 m have been collected since late April 2013 over the northern portion of the Ngazi Licence to better define the gold anomalies delineated by 2310 reconnaissance scale soil samples (see press release dated August 13, 2012).
SOIL SAMPLING PROCEDURES
Sample collection: The soil samples were collected at a depth of approximately 30 cm in flat topographic areas and from an approximate 60 cm depth on hill slopes. The reconnaissance scale sampling was carried out at 100 m intervals on lines 400 m apart. In-fill follow up sampling was carried out at 40 m intervals on lines 80 m apart. Sample sites were located by GPS and coordinates were recorded for each site. Approximately 2 kg of material present at the depth sampled was collected and placed into a plastic bag together with a pre-numbered sample tag and the bag was stapled shut.
Determination of anomalous gold values: Statistical analysis of the gold geochemical values obtained on each of the Exploitation Licences was carried out to determine the anomalous gold threshold value defined as the sample population mean plus two times the sample population standard deviation as summarized in Table 1.
Table 1. Statistical summary of gold geochemical surveys.
------------------------------------------------------------
Number Anomalous
Number of Gold
of High samples Threshold
Licence Samples(i) cut cut (ppb)
------------------------------------------------------------
Boroda 726 85 12 46
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Gambi 768 20 3 7
------------------------------------------------------------
Dhahabu 750 41 11 18
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Mpaka 606 12 6 6
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Note: (i) Excludes quality control samples.
ABOUT THE SOMITURI PROJECT
The Somituri Project comprises eight Exploitation Licences, covering 606 km2, valid until 2039, of the Archaean Ngayu Greenstone belt in the northeastern Democratic Republic of Congo.
According to historical records, which have not been verified by Kilo, the Kitenge and Manzako mines produced approximately 100 000 oz of gold to 1955, whilst the Adumbi/Bagbaie gold mines produced approximately 200 000 oz of gold, from quartz vein ore that averaged 11 g/t gold, during the 1950s until its closure in 1959.
The Imbo Licence hosts a number of gold bearing prospects, some of which are currently being drilled. Adumbi Prospect is the most advanced Prospect on the Imbo Licence with an NI 43-101 compliant inferred resource estimate as follows:
-- 1.87 Moz grading 1.63 g/t Au at a 0.50 g/t cut-off grade.
-- 1.63 Moz grading 2.04 g/t Au at a 1.0 g/t cut-off grade
The resource estimate was calculated in April 2012 by The Mineral Corporation based in Johannesburg South Africa.
QUALITY CONTROL AND ANALYTICAL PROCEDURES
Sample preparation consisted initially of sorting the samples into numerical sequential order, followed by drying, crushing and pulverizing of the entire sample. The 2010 and 2011 soil samples were shipped, by commercial carrier, to ALS Minerals sample preparation laboratory in Mwanza, Tanzania. Preparation of the 2012 samples was carried out at the Kilo owned, ALS Minerals managed and operated, Somituri Project exploration camp on-site laboratory. Sample pulps were couriered to ALS Minerals full service laboratory in Johannesburg, Gauteng, South Africa from Mwanza during 2010 and 2011 and from the Democratic Republic of Congo during 2012. Gold was determined on a 30 g charge by the Fire Assay with ICP finish method. In addition, multi-element analysis was carried out by the ICP method. ALS Minerals is accredited to international standards.
Analytical quality control was monitored by Kilo with the insertion of approximately 9% quality control samples consisting of duplicates as well as commercial blank and standards in every batch of samples submitted for analysis.
ABOUT KILO
Kilo Goldmines Ltd. (Kilo) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. Kilo holds exploitation and exploration licences covering approx. 3000 km2 of favourable Archaen Kabalian Greenstones in the northeast Democratic Republic of Congo, an area historically referred to as the Kilo-Moto region, a historic gold-producing region (11 Moz, Mineweb, http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=91234&sn=Detail).
Incorporated within these licences, is the Somituri Project, http://www.kilogold.net/our-business/gold/kgl-somituri-sprl/, (71.25% owned by Kilo), comprising eight non-contiguous licences (606 km2) and the KWR Iron SPRL Joint Venture with Randgold Resources Ltd, http://www.kilogold.net/our-business/gold/kwr-iron-sprl/, (2056 km2).
Kilo has retained the rights to explore for iron ore on the properties held by KWR Iron SPRL and has a minority interest in the Hajigak iron ore project in Afghanistan.
Adumbi Prospect, one of a number of gold prospects, on the Imbo Licence (122 km2) of the Somituri Project hosts an NI 43-101 complaint inferred resource estimate as follows:
-- 1.87 Moz grading 1.63 g/t Au at a 0.50 g/t cut-off grade.
-- 1.63 Moz grading 2.04 g/t Au at a 1.0 g/t cut-off grade.
The resource estimate was calculated in April 2012 by The Mineral Corporation based in Johannesburg South Africa.
QUALIFIED PERSON
The soil geochemical surveys disclosed in this press release were planned and supervised by Stanley Robinson, the Company's Exploration Manager. Stanley Robinson, M.Sc., P.Geo is also the 'qualified person' (as such term is defined under National Instrument 43-101) of the Company who has reviewed and verified the scientific and technical information contained in this release.
DISCLAIMER
This news release may contain forward looking statements concerning future operations of Kilo Goldmines Ltd. All forward looking statements concerning Kilo's future plans and operations, including management's assessment Kilo's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond Kilo's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
To view Figure 1, "Geological map illustrating the Somituri PEs and status of soil geochemical surveys on all PEs except Imbo.", please click the following link: http://media3.marketwire.com/docs/kgl0625a.pdf.
To view Figure 2, "Map of contoured gold geochemical values, Boroda Licence, Somituri Project, DRC.", please click the following link: http://media3.marketwire.com/docs/kgl0625b.pdf.
To view Figure 3, "Map of contoured gold geochemical values, Gambi Licence, Somituri Project, DRC.", please click the following link: http://media3.marketwire.com/docs/kgl0625c.pdf.
To view Figure 4, "Map of contoured gold geochemical values, Dhahabu Licence, Somituri Project, DRC", please click the following link: http://media3.marketwire.com/docs/kgl0625d.pdf.
To view Figure 5, "Map of contoured gold geochemical values, Mpaka Licence, Somituri Project, DRC.", please click the following link: http://media3.marketwire.com/docs/kgl0625e.pdf.
Contacts:
Kilo Goldmines Ltd.
Alex van Hoeken
Chief Executive Officer (CEO) & President
+1 416 360 3406
info@kilogoldmines.com
www.kilogoldmines.com