Press Release
Dec 17, 2009 16:44 ET
Kilo Announces Drill Results From Masters Project, Including 28.6 g/t Gold Over 0.75 m
TORONTO, ONTARIO--(Marketwire - Dec. 17, 2009) - Kilo Goldmines Ltd. (TSX VENTURE:KGL) ("Kilo" or the "Company") is pleased to report assay results from diamond drill holes on its 90% owned Masters project in Oriental Province of the Democratic Republic of Congo ("DRC"). Twelve diamond drill holes totaling 2,574.1 metres targeted a 700 metre strike length of a 1,200 metre long gold-in-soil anomaly that includes a 500 metre long active artisanal working. Assays of diamond drill core samples have been received for four of the twelve drill holes and they confirm the presence of gold to a minimum vertical depth of 155 metres beneath the artisanal working and over a minimum strike length of 160 metres. The significant gold intersections include:
DDH From - To Gold Interval
metres (g/t) (metre)
M3 DDH01 28.60 - 29.75 1.42 1.15
M3 DDH01 54.52 - 55.27 1.26 0.75
M3 DDH01 121.10 - 121.85 1.59 0.75
M3 DDH03 54.65 - 55.40 2.33 0.75
M3 DDH03 62.90 - 65.90 2.92 3.00
M3 DDH03 73.56 - 74.55 1.70 0.99
M3 DDH03 87.90 - 91.09 1.61 3.19
M3 DDH03 181.65 - 182.40 1.39 0.75
M3 DDH05 44.10 - 44.85 1.62 0.75
M3 DDH05 147.42 - 149.10 1.56 1.68
M3 DDH05 164.85 - 165.60 5.94 0.75
M3 DDH05 170.85 - 173.10 1.02 2.25
M3 DDH05 203.10 - 206.10 1.60 3.00
M3 DDH05 212.10 - 212.85 28.60 0.75
M3 DDH02 27.22 - 33.22 1.09 6.00
M3 DDH02 92.80 - 93.45 1.03 0.65
M3 DDH02 106.95 - 115.74 1.72 8.79
All of the diamond drill holes were drilled on an azimuth of 360 degrees at an inclination of -50 degrees. Drill holes M3 DDH01, 03 and 05 were collared on the same section line. Drill hole M3 DDH03 was collared 40 metres south of M3 DDH01 and M3 DDH05 was collared 80 metres south of M3 DDH03. Diamond drill hole M3 DDH02 was collared 160 metres due west of M3 DDH03. Assay results indicate that multiple gold bearing zones are present. The gold intervals reported herein are drill core lengths; true thicknesses and orientation(s) of the gold zones are unknown. Assaying of un-sampled drill core on both sides of several of the gold intersections reported on herein will be carried out to verify if the entire drill core length of these gold bearing intersections has been determined.
During the period of June to November 2009 the company completed a total of 6,416.5 metres of diamond drilling in 32 drill holes on 5 target areas. Logging and sampling of the drill core is in progress and results will be reported when received. Figure 1 illustrating the property and areas targeted can be viewed on the website of the Company.
To view figure 1, please visit the following link:
http://media3.marketwire.com/docs/KILO%20FIGURE1.jpg
The drill holes on the M1, M3 and M6 targets intersected intermediate metavolcanics and tuffs, felsic volcanics, chert, silicate facies iron formation, clastic metasedimentary rocks, mafic intrusives, and quartz veins. Mineralization consisting of pyrite, pyrrhotite, and minor sphalerite, chalcopyrite and galena is present. The drill holes on the M2 target intersected granite, sheared granite, mafic intrusive, mica schist and quartz veins. Pyrite mineralization is present within the granite. The drill hole that evaluated the M4 target intersected granite with several narrow quartz veins.
Selected sections of the drill core were sawn in half; the sampled half of the core was placed in a plastic bag, a pre-numbered sample tag was inserted and the bag was stapled shut. The Company's quality control procedures include the insertion of commercial standards and blanks with each batch of drill core samples submitted for sample preparation and analysis. The samples were transported from the DRC by a commercial carrier to ALS Chemex in Mwanza, Tanzania, for sample preparation. Following sample preparation a pulp of each sample was couriered to ALS Chemex in Johannesburg, South Africa where gold analysis was carried out by the FA-AA method on a 50 gram charge. ALS Chemex is an internationally accredited laboratory.
The diamond drilling program was planned and supervised by geological consultant, Stanley Robinson. Stanley Robinson, M.Sc., P.Geo is the qualified person under National Instrument 43-101 who has reviewed the scientific and technical information contained in this release.
This news release may contain forward looking statements concerning future operations of Kilo Goldmines Ltd. All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company'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.
For more information, please contact:
Kilo Goldmines Ltd.Peter Hooper
Executive Chairman
(416) 360-3415
[email protected]
www.kilogoldmines.com
