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Kilo reports 4.39 g/t gold over 32 metres at Somituri project

Jun. 30, 2011 10:56 AM ET
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Kilo Goldmines (CVE:KGL) announced Thursday it found wide zones of high grade gold on its Manzako prospect at the Somituri project in the Democratic Republic of Congo (DRC).

The Canadian exploration company found 4.39 grams per tonne (g/t) gold over 31.7 metres, including 8.99 g/t gold over 13.6 metres, in hole SMTR003.

The company said the results are encouraging, as the trench has not traversed the entire mineralized zone.

"The wide gold zone delineated by trench SMTR0003 was unexpected on a prospect that to date has only returned high gold values over narrow widths, consistent with the historical data," said Kilo chairman, Peter Hooper.

"These new results are very encouraging and indicate that detailed exploration may discover additional wide zone(s) of high grade gold."

The initial and last sample in trench SMTR003 returned 0.43 g/t gold and 3.23 g/t gold, respectively, which suggests that the limits of the mineralized zone have not been determined, Kilo said. The trench will therefore be extended in both directions.

Kilo completed six trenches over 235.1 metres in an initial program to evaluate both current and historical sites of gold exploitation.

Other trench highlights included 5.03 g/t gold over 1.0 metre in trench SMTR005; and 0.52 g/t gold over 7.1 metres in SMTR001.

Soil sampling is currently underway over the entire Manzako prospect to define the distribution of gold mineralization, guiding further trenching and drilling programs.

Manzako is characterized by a series of parallel gold bearing quartz veins over a 2.5 kilometre strike length, and a width of 500 metres.

Kilo has a 71.25% interest in the Somituri project, which consists of eight exploitation licenses, valid until 2039, within the Ngayu Greenstone Belt. 2010 drilling on the Adumbi gold deposit delineated a gold zone with an NI 43-101 compliant inferred resource estimate of 2.03 million ounces.

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