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Kilo Goldmines Ltd.
Summary
| Project: | Imbo | |
|---|---|---|
| Deposit: | Adumbi South, Kintenge, Adumbi West | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Gold | |
| Date: | 5/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-5-2017: Kilo Goldmines Ltd. announces an Exploration/Drilling Update report for its Adumbi South, Kintenge, Adumbi West deposit at the Imbo project. Drilling results incl. 0.8m @ 23.90g/t Au from 110.20m. Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Com | |
| 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 ("DRC"). Diamond drilling to test coincident gold-in-soil and magnetic anomalies at the Adumbi South, Adumbi West and Kitenge Extension targets has been completed, with a total of 5,132 m drilled in 34 holes. At the Adumbi prospect, the first of four relatively deep drill holes, designed to test the depth extension of a zone of high-grade mineralization known as the Replaced Rock (RP) Zone, has been completed. Two zones of RP totalling 27 m were intersected, separated by 11 m of carbonaceous schist. This drill hole shows that the RP Zone extends down-dip to a vertical depth of at least 375 m below surface, or 100 m below the previous deepest drill intersections. The Adumbi prospect currently has an Inferred Resource of 19.11 Mt @ 2.2 g/t Au for 1.36 Moz of gold. In early May, exploration will recommence in the eastern part of the Imbo Licence area, where stream sediment and rock chip sampling indicate an extension of the Adumbi/Kitenge/Manzako mineralized trend over a strike of about 7 km (see the Company’s press release of 23 September 2015). The programme will entail soil sampling at 40 m intervals along 160 m-spaced lines, over an area of 4 km x 1.5 km in the central part of the target. | |
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