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Kilo Goldmines Ltd.
Summary
| Project: | Imbo | |
|---|---|---|
| Deposit: | Adumbi South, Kintenge Extension | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Gold | |
| Date: | 3/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-3-2017: Kilo Goldmines Ltd. announces an Exploration/Drilling Update report for its Adumbi South, Kintenge Extension deposit at the Imbo project. Drilling results incl. 1.6m @ 10.52g/t Au from 84.0m. Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company | |
| Resources: | (Resource, Inf.): 19.11Mt @ 2.2g/t Au for 1.362Moz Au contained at Adumbi | |
| CP/QP: | [Overall Report]: Howard Fall (Internal) | |
| ABSTRACT: | Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company") (TSX VENTURE: KGL) (FRANKFURT: 02K) is pleased to provide an update on the exploration program on its Imbo Licence (PE9691) within the Ngayu greenstone belt in the northeastern Democratic Republic of Congo. The drilling programme currently underway on the Imbo licence is designed to test coincident goldin-soil and magnetic anomalies at the Adumbi South, Adumbi West and Kitenge Extension targets. The three targets are located within 4 km of the Company’s Adumbi prospect, which has an Inferred Resource. The Adumbi South target lies 480 m to the south of the Adumbi prospect, and is defined by a 1.4 km-long magnetic anomaly that appears to be demagnetized in places, and a >200 ppb gold-in-soil anomaly. To date a total of 9 holes (1,407 m) on 3 traverses at a spacing of 160 m have been completed (Figure 2). The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist, and supports the interpretation that the lithologies at Adumbi South are similar to those at the Canal prospect, which forms the southeastern extension of the main Adumbi mineralization. Hydrothermal pyrite locally replaces disseminated magnetite in the chlorite schist, which together with a deeper weathering profile, is likely responsible for the weakening of the magnetic response on traverses ALS2 to ALS4. Other hydrothermal alteration comprises zones of foliation-parallel quartz veining up to 11 m in width (with individual veins. Drilling at Adumbi South and Kitenge Extension has confirmed the presence of the mineralized structures that the program was designed to test, and further drilling at these targets will be subject to assay results from the holes which are not yet available. | |
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