KGL Completes Over 5200 M of a Planned 10 000 M Drilling Programme, and Soil Sampling Defines Prospect Extensions as Well as New Targets Within a 5 Km of the NI 43-101 Adumbi Gold Resource in the NE DRC
TORONTO, Aug. 22, 2012 (GLOBE NEWSWIRE) -- Kilo Goldmines Ltd. ("KGL" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) is pleased to announce that it has completed 27 holes and 5200 m of its 10 000 m, 2012 diamond drilling programme. Drilling commenced in April 2012 on the Manzako and Kitenge Prospects and once complete, drill rigs (two) will move to the Senegal and Canal Prospects. The aforementioned prospects fall within a 5 km radius of KGL's NI 43-101, 1.87 Mozt Adumbi Resource, and collectively form the Imbo project. The Imbo Project resides on one (PE9691) of the eight properties that KGL has exploitation rights for, and forms part of the greater Somituri Project.
- 2 holes completed to targeted depth along the +2200 m long Manzako Prospect
- 15 holes completed to targeted depth along the +1500 m long Kitenge Prospect
- Ten holes planned along 1.7 km Senegal Prospect
- Fourteen holes planned along >600 m of the Canal Prospect
- Altered volcanic and metasedimentary rocks hosting mineralization in shear zones and quartz veins have been intersected.
- The northwest-trending Manzako gold-in-soils zone is continuous over at least a 2.3 km strike length and covers 12.5 ha.
- The combined northwest-trending Kitenge-Senegal gold-in-soils zones cover 42.7 ha over a 2.6 km strike length.
- Virtually untested new potential is now identified over 14.42 ha between the northwest-trending Manzako and Kitenge gold-in-soil zones where more than 10 northwest-trending gold-in-soil targets have been discovered.
Wide spaced (160 m) and shallow (Less than 200 vertical m) drilling is targeting northwest – southeast trending gold bearing shear zones, namely Manzako, Kitenge, Senegal and Canal that have been, in part at least, the subject of colonial-era as well as current artisanal exploitation, see Figure 1. Additional gold-in-soil anomalies have been delineated between areas currently being drill tested.
Alex van Hoeken, President and CEO of Kilo stated:
"Our systematic approach to exploration is yielding exciting results. Combined with the geophysics survey the target area sizes of the prospects around Adumbi have increased. We look forward to receiving the drill assay results to confirm the potential of additional ounces. Current drilling at 160 m interval, is focused on evaluating four prospects within close proximity of the Adumbi Prospect and KGL?s objective is to define at a high level; the potential of increasing the size of the Imbo Project Resource Base. The Company remains very positive that this objective will be realized."
The mafic volcanic hosted Manzako Prospect was mined for gold from surface and underground workings during the Colonial-period in the 1940's and 1950's. A steeply northeast dipping, northwest trending gold bearing structure has been mapped using these Belgian workings over at least 2.8 km. Elevated and anomalous gold-in-soil zones are continuous on all sampled lines, over the same length covering 20.3 ha. In addition, a number of less extensive parallel gold bearing structures are present. The Manzako Prospect is open for extension by mapping and soil geochemical surveys at both ends of its presently determined 2.8 km length.
Current drilling is focused on a 1600 m strike length with 160 m spaced drill holes drilling towards the southwest. In addition, several parallel structures are being tested with one hole. To date, 12 holes have been completed to the targeted depth, delivering some 2270 m of drill core. Mineralized sheared volcanics with quartz veining have been intersected. Summaries of assay results will be reported as they become available.
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