Kilo Goldmines Ltd. ( “KGL” or the "Company") is pleased to announce that on August 6th, the Company completed its planned 2013 drilling programme on the Somituri Project’s Imbo Licence.
Highlights of the Company’s 2013 programme on the Somituri Project are summarised below:
- Total metres drilled:
- Kitenge prospect (5,581 m):
- Manzako prospect (3,158 m):
- Senegal prospect ( 772 m):
- Appointment of Roscoe Postle Associates Inc (RPA) as an independent consultant
The 2013 exploration programme focused on resource definition drilling on the Kitenge/Senegal and Manzako Prospects with the objective of estimating a maiden NI 43-101 compliant resource on one or more of these Prospects illustrated on Figure 1. Since commencing exploration on these Prospects in 2010, the Company has carried out mapping, trenching, soil geochemical surveys, and an airborne magnetic survey. 9,511 metres of drilling was completed in 2013 under contract with Congo Core, based in Kinshasa, DRC.
The Company contracted Young, Stuart & Associates Inc., Topographical, Engineering and Land Surveyors, of South Africa to survey the diamond drill hole collars.
For the delivery of the expected 2013 mineral resource estimate, the Company has appointed international mining consultants RPA to complete an independent NI 43-101-compliant Technical Report. The company expects results to be forthcoming during Q4 2013.
Alex van Hoeken, President and CEO of KGL stated: “Our exploration teams and contractors have all worked diligently to achieve the 2013 programme on time and within budget.
We look forward to updating our investors on the culmination of the 2010 to 2013 drilling programmes and the delivery of another resource estimate on the Imbo Licence. The delivery of the aforementioned estimate, along with the existing 1.87 Moz, 1.63 g/t (Au) estimate for the Adumbi prospect, furthers our strategy of creating a large scale, multi-pit mine on the Imbo licence.”
Source: http://www.kilogold.net/