Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) has announced results for diamond drill hole SMDD0003 on the Company's Manzako Prospect of the Somituri Project in north-eastern Democratic Republic of Congo.
Somituri - Manzako Prospect
Diamond drill hole SMDD0003 was collared 400 metres southeast of the previously reported drill hole SMDD0002 (see October 27, 2010 press release). Drill hole SMDD0003 intersected tuffaceous metasediments from 0 to 171 metres followed by mafic ash tuff to 222.6 metres and then tuffaceous metasediments to the termination of the hole at 361.80 metres. In addition, quartz veins are locally present throughout. Gold is associated with pyrite hosted within and in close proximity to quartz veins, in the tuffaceous metasediments as well as in the mafic ash tuffs.
Peter Hooper, Executive Chairman of Kilo, commenting on the results for drill hole SMDD0003, stated: "The multiple gold intersections and in particular the high-grade gold intersections obtained in drill holes SMDD0003 and SMDD0002 collared 400 metres apart is very encouraging and these results indicate that definition drilling of the Manzako Prospect will enhance the Somituri Project."
Diamond drill hole SMDD0002 was collared on a magnetic azimuth of 040 degrees at an inclination of -50 degrees and completed to a depth of 361.80 metres. The true width of the gold bearing intersections is estimated at approximately 75 percent of the width of the drill hole intersections.
The Manzako gold mineralization is hosted within quartz veins as well as within silicified and sheared tuffaceous metasediments and mafic tuffs. The Manzako Prospect geological setting differs from the Adumbi Prospect which is hosted within quartz veins and chemical metasedimentary rocks consisting predominantly of chert, chert banded with magnetite or haematite, or banded iron formation ("BIF") as previously reported (see July 11, 2010 press release). The names of the lithological units are based on field interpretations unverified with petrographic studies.
Three diamond drill-holes totaling 1,015.50 metres tested an approximate 1,300 metre strike length of the 2,500 metre Manzako Prospect gold bearing structure. According to historical records, unverified by the Company, the Manzako mine operated during the late 1940's to mid 1950's. The records imply that the Manzako ore was processed with ore from other sources, hence the actual gold production is uncertain, but it appears to be in the order of 40,000 ounces.
Three holes have been completed on the former Manzako gold mine and five drill holes have been completed on the past producing Kitenge gold mine. According to historical records, unverified by the Company, the Kitenge and Manzako mines produced about 100,000 ounces of gold prior to about 1942.
Records from the colonial era, unverified by the Company, indicate that during the 1940s until its closure in 1958 the Adumbi gold mine produced about 200,000 ounces of gold from quartz vein ore that averaged 11 g/t gold. A total of thirty one holes, including six abandoned holes, have been completed on the Adumbi prospect.
QC and Analytical Procedures
Quality control of analytical results is monitored by the company with the insertion of commercial standards and blanks in every batch of samples submitted for analysis. For additional details the reader is referred to Kilo's previously announced (see May 4, 2010 press release) quality control and analytical procedures.
Qualified Person
The drilling program disclosed in this press release was planned and supervised by the Company's geological consultant Stanley Robinson. Stanley Robinson, M.Sc., P.Geo is also the 'qualified person' (as that term is defined under National Instrument 43-101) of the Company who has reviewed the scientific and technical information contained in this release.
Source: Kilo Goldmines Ltd.