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Kilo Goldmines Ltd.
Summary
| Project: | Imbo | |
|---|---|---|
| Deposit: | Adumbi South | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Gold | |
| Date: | 7/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-7-2017: Kilo Goldmines Ltd. announces an Exploration/Drilling Update report for its Adumbi South deposit at the Imbo project. Drilling results incl. 23.45 @ 6.08g/t Au from 391.72m. Toronto, Ontario. – July 17, 2017 – Kilo Goldmines Ltd. ("Kilo" or “KG | |
| Resources: | (Resource, Inf.): 19.22Mt @ 2.2g/t Au for 1.362 Au contained at Adumbi | |
| CP/QP: | [Overall Report]: Howard Fall (Internal) | |
| ABSTRACT: | Toronto, Ontario. – July 17, 2017 – Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company") (TSX VENTURE: KGL) (FRANKFURT: 02K) is pleased to provide the results of its completed drill programme to test the down dip extension at the Adumbi Prospect, as well as an update on regional exploration activities on its Imbo Licence (PE9691) falling within the Ngayu greenstone belt in the north-eastern Democratic Republic of Congo ("DRC"). The results show that the RP Zone extends down dip to at least 375 m below surface (i.e. about 100 m deeper than defined by previous drilling) and that the width and grade of the mineralization is continuing with depth. The data also supports the interpretation that the higher-grade shoots within the RP Zone dip steeply to the NW at about 80°. In order to further assess the economic potential of the RP zone, mineralogical studies to determine gold deportment are planned, followed by metallurgical test work. Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo. KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL. | |
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