Press Release
February 7, 2012 07:00 ET
Kilo Announces Appointment of Vice President Operations
TORONTO, ONTARIO--(Marketwire - Feb. 7, 2012) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") announced that Stuart Thomson has joined the company as Vice President Operations. Mr. Thomson's appointment is subject to regulatory approval.
Mr Thomson originates from New Zealand and has a master’s degree in Chemical and Materials Engineering and has over 20 years experience in the resource industry. Over this period he has worked in Australia, Africa (Botswana, Mali, South Africa, Zambia and Zimbabwe), Europe (Ireland) and South America (Brazil).
In these countries he has worked in an operational, project development and process/business/strategy/environmental consulting role in the base metals, precious metals, industrial minerals and coal/energy sectors. Mr Thomson has also represented an international mining house at a governmental/industry level on strategic issues facing the mining industry, as well as providing technical/business input at a board level.
Prior to joining Kilo, Mr Thomson has held various roles from graduate engineer to senior management, with: Queensland Nickel in Australia, Anglo American in South Africa and major international EPCM contractors such AMEC and Fluor Daniel.
Mr Thomson brings a broad spectrum of experience to Kilo across the gold value chain, from resource development to project closure. In addition, he has an in-depth knowledge of both refractory and non-refractory gold ore bodies along with the associated technical/environmental/business constraints.
Alex van Hoeken, President & CEO, commented "Stuart's experience will provide significant support for Kilo Goldmines and his skill set will be drawn upon to implement various technical and business systems and procedures to ensure accountability to the board and to shareholders. In addition, he will be responsible for the necessary studies to support the development of the resource through the various project stagegates to production".
In conjunction with Mr. Thomson’s appointment, which was effective January 15, 2012, and subject to regulatory approval, Kilo has granted him stock options to acquire 300,000 common shares of the Company exercisable for a three year period at a price of $0.20 per share.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company operating in the Democratic Republic of Congo (DRC). The Company has over 7000 square km of favourable Archaean Kabalian greenstone in the Kilo-Moto area in north-eastern DRC. Kilo has announced an inferred resource on the Adumbi Deposit of the Somituri Project of which the Company owns a 71.25% interest.
The Company is also working on a number of other prospective areas which contain historical workings in the same region. It also has a joint venture with Rio Tinto Ltd. on potential iron ore licences in north-eastern DRC.
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.Alex van Hoeken
President and CEO
+1-416-360-3415
[email protected]
www.kilogoldmines.com
