Kilo Goldmines ( Seite 122)

Antwort auf Beitrag Nr.: 42.782.770 von ooy am 21.02.12 14:55:55
ooy ,

18,8 €-Cent zwar wieder etwas besser aber sehr sparsam !

Darf es auch noch bißchen mehr sein !

Kilo juggles projects on several fronts

http://www.northernminer.com/news/kilo-juggles-projects-on-s…

In late January Kilo Goldmines (KGL-V) announced that its iron ore joint-venture project with Rio Tinto (RIO-N, RIO-L) in the Democratic Republic of the Congo has the potential to host direct shipping ore. In the same announcement the junior confirmed that it had been selected as the preferred bidder for concession block A of the Hajigak iron ore deposit in central Afghanistan, about 130 km west of Kabul.

The news flow from Kilo’s offices in Toronto and Kinshasa has continued unabated since then with the release on Feb. 21 of more high-grade drill intercepts from the company's Adumbi gold deposit in northeastern DRC’s Orientale province, about 40 km south of its Asonga joint-venture iron ore project.

“We’re not well known,” says Kilo’s president and chief executive Alex van Hoeken, who took the helm in September 2011. “But we have completely changed the board, strengthened management and we’re going to turn it around. The share price took a real nosedive last year but since Christmas it’s been climbing back again. I think it’s an undervalued story that has a lot of upside potential and if you take a closer look at it you’ll see why.”

Kilo’s flagship asset is the Adumbi deposit, which contains inferred resources at a 0.50 gram gold per tonne cut-off grade of 46.3 million tonnes grading 1.37 grams gold per tonne for 2.03 million ounces of contained gold. The resource estimate released in March last year was based on 25 drill holes collared on section lines at about 80-metre intervals, as well as data from four adits and twelve trenches.

Highlights from the most recent assay results from Adumbi include 3.31 grams gold per tonne over 30.50 metres in drill hole 44; 3.09 grams gold over 33.68 metres in hole 49; 2.02 grams gold over 27.40 metres in hole 39; and 15.25 grams gold over 2.50 metres in hole 47.

The drill holes intersected steep northerly dipping sheared units of banded iron formation with interbedded meta-sedimentary rocks. Historical mining focused on exploiting gold from a shear zone quartz vein over a strike length of nearly 2 kilometres.

Kilo plans to release an updated resource estimate before the end of the first quarter.

The deposit starts at surface on a 130-metre hill and the company believes it is open-pittable. “Adumbi is a big mountain so it will have a very low stripping ratio in its early mine life and I would assume over its entire mine life,” Van Hoeken says.

The initial resource estimate encompasses a strike length of 1.2 kilometres that appears to be hosted within a regional lineament in excess of 5 kilometres in length along which artisanal mining occurs, the company says on its website.

This year Kilo has restarted soil sampling and trenching work at Adumbi and plans to resume drilling late in the first quarter. It will also carry out a high-resolution airborne magnetic and radiometric survey over the entire deposit early in the second quarter.

Adumbi lies in one of eight exploitation permits Kilo has in the DRC that make up its Somituri project. Kilo expects to explore all seven of the other exploitation permits to generate additional drill targets. The eight Somituri exploitation licenses are valid until 2039 and are held by KGL Somituri Sprl, in which Kilo holds a 75% stake.

Van Hoeken says instead of concentrating on Adumbi’s two million ounce resource, as previous management did, he will concentrate on the other prospects within a five km radius of the Adumbi deposit to find additional resources and expand the company’s global resource. “The previous management has always known about the other prospects but I’m just putting more emphasis on them,” he explains in a telephone interview.

This year van Hoeken will drill 13,000 metres. A few holes will be punched into Adumbi but the lion’s share will be drilled on other prospects close by. He also plans to start exploring one of the other seven concessions, about 30 km west of Adumbi.

The Dutch mining engineer who has been active in the gold, diamond and copper sectors of the DRC for the last twelve years after stints in copper and gold exploration in mining ventures in Indonesia, Mexico and Oman, says he has what it takes to turn Kilo around.

“A lot of people had written off the company until I took it over,” van Hoeken says. “They saw the share price falling and wondered what was happening. I’m not slamming previous management, that’s just a fact.”

Van Hoeken says the biggest challenges he faces in the DRC are finding the right people and setting up the right logistical support structure, not political risk.

“We don’t have a joint venture with the state so there are no real issues with that,” he explains. “If you have a joint venture with the state then it’s someone else you have to deal with and a state’s objective is not always the same as the objective of a private company.”

In terms of its iron ore property to the north, van Hoeken says Rio Tinto approached Kilo after it identified the area to be prospective for large iron ore deposits in an area of greenstone belts hosting significant banded iron ore formations. “They thought we would be a suitable partner and approached our company and eventually a deal was made.”

On Jan. 25 Kilo announced “encouraging” results from the Asonga prospect. Assays from five diamond drill holes drilled by Rio Tinto Mining and Exploration included 73.41 metres grading 66.6% iron in hole 12; 25.57 metres of 66.69% iron in hole 13; 64.95 metres of 64.11% iron in hole 14; 45.75 metres of 63.73% iron in hole 15 and 21.5 metres of 67.76% iron in hole 16.

The drill pattern tested the continuity of iron formations over a wide area centred on Mt. Asonga with drill hole spacing varying from about 750 metres to 3,000 metres over a strike length of between 4.5 km and about 500 metres across strike. Drilling will continue this year.

As for its bid for Block A of the Hajigak iron ore project in Afghanistan, van Hoeken says Kilo is part of a consortium that includes British financier David Buckle, who is active in the resource industry and holds a stake in Kilo.

“We prepared an offer and we were selected based on our proposal and that means we now have the right to negotiate a definitive contract,” he says. “I cannot say more than that because we are still in negotiations and there is a media blackout. But they chose us to develop one block and chose an Indian consortium for the other three blocks.”

If a definitive contract is signed van Hoeken says the first step will be to verify the historic data left from previous German and Russian exploration on the property. “They were there in the 1960s and not much work has been done there since,” he says. “They did some drilling and they drilled some adits so there’s a lot of data we have to verify to make a compliant resource.”

At presstime in Toronto Kilo was trading at 25¢ per share within a 52-week range of 12¢-50¢. The junior explorer has about 217 million shares, fully diluted.

Antwort auf Beitrag Nr.: 42.792.359 von XIO am 22.02.12 22:29:44Danke fuer die Info.

340.000 in Deutschland wieder, wo das immer herruehrt?

Antwort auf Beitrag Nr.: 42.812.946 von ooy am 27.02.12 15:59:48
Aber es paßt auch garnichts mehr zum aktuellen Kurs !

Gute Gold-Bohrergebnisse und 20 % Anteil bei dem Eisenerzprojekt in Afghanistan das verkauft werden soll und dann so ein Kurs ?

Antwort auf Beitrag Nr.: 42.821.653 von silvretta am 28.02.12 21:25:45Nur Geduld, eine Tugend bei Explorern...

Kilo Goldmines Announces Election of New Director
TORONTO, ONTARIO--(Marketwire - March 9, 2012) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") announced that at its annual meeting of shareholders held earlier today David Netherway, James Mustard, Alex van Hoeken and Jim Williams were re-elected as directors. In addition, Mr. Loudon Owen of Toronto, Canada, who recently agreed to join the board as an additional independent director, was nominated from the floor of the meeting and was also elected to the board of directors.

A lawyer by training, Mr. Owen co-founded and currently manages McLean Watson Capital, a private Toronto-based venture capital firm funding high-growth entrepreneurial ventures in the technology sector. Mr. Owen currently serves on the board of directors/trustees of a number of public, private and non-profit corporations and organizations including Hanfeng Evergreen Inc. (Chairman-TSX), Ntegrator International Ltd. (Singapore Stock Exchange) and Posera-HDX Limited (TSX).

David Netherway, the Chairman of Kilo Goldmines, commented, "Loudon's experience in investment banking, capital markets and corporate governance will be a valuable asset to Kilo to help it grow to its potential."

In conjunction with Mr. Owen's appointment 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 $0.22 per share

Toronto, Ontario. – March 15, 2012 – Kilo Goldmines Ltd. (TSX Venture: KGL; Frankfurt: 02K) (“Kilo” or the “Company”), a gold exploration company with a focus on projects in the prolific greenstone belt of eastern Democratic Republic of Congo (“DRC”), today announced the results of its updated Canadian National Instrument (“NI”) 43-101 Mineral Resource estimate for its 71.25%-owned Adumbi Project.

Highlights:

· Inferred mineral resource of 35.6 M tonnes containing 1.87 M ounces (oz) of gold at an average grade of 1.63 g/t Au at a cut off grade of 0.5 g/t Au;

· Increase in average gold grade by 18%;

· Increase in gold ounces within the higher grade categories;

· Significant reduction in Mineral Resource tonnes;

· Increase in gold ounces in the oxidized portion of the Mineral Resource to 33%;

· Mineralization remains open on strike and at depth; and

· Further infill and step-out drilling is planned

Commenting on today’s independent Mineral Resource update, Kilo’s President and Chief Executive Officer, Alex van Hoeken, said:



“Our latest updated Mineral Resource estimate reaffirms that the Adumbi deposit has significant gold mineralization, with significant potential to grow in size with further systematic exploration.



The updated Mineral Resource estimate is based on a more robust geological model, culminating in an increase in average grade and a corresponding increase in gold ounces within higher grade categories. The grade tonnage profile above a 1 g/t cut-off in particular reflects this. The deposit remains open at depth and along strike and is thus believed to have significant upside potential. Considering that this year’s exploration focus is on the adjacent nearby prospects, the new Adumbi Mineral Resource estimate will contribute to the overall objective of increasing and improving the Mineral Resources within the Adumbi exploitation permit.

Management continues to believe that the Adumbi Mineral Resource as currently defined has significant upside potential and more drilling, which will commence shortly on land immediately adjacent to the Mineral Resource as currently defined, will test this hypothesis.”

Summary - NI 43-101 Inferred Mineral Resource:

The Mineral Resource estimate for the Adumbi deposit contained within Exploitation License PE9691, at a cut-off grade of 0.5 g/t Au, comprises 35.6 M tonnes in the Inferred category, containing 1.87 M ounces (oz) of gold at an average grade of 1.63 g/t Au.

The updated Mineral Resource estimate is summarized in the table below. The full technical report prepared by The Mineral Corporation will be filed on SEDAR within 45 days.

Adumbi Mineral Resource Estimate at a 0.5 g/t Au cut-off







Mineral Resource tonnage (t)


Grade

(g/t)


Contained gold (Moz)




Oxide


12 310 549


1.61


0.64




Transition


4 763 163


1.66


0.25




Sulphide


18 581 569


1.63


0.98




Total


35 655 280


1.63


1.87




















Adumbi Mineral Resource Grade/Tonnage Relationship




Cut-off


Cumulative tonnage above cut-off (t)


Grade above cut-off

(g/t)


Tonnage proportion above cut-off

(%)


Contained gold above cut-off (Moz)




0.50


35 655 280


1.63


100%


1.87




0.75


28 919 159


1.86


81%


1.73




1.00


24 604 479


2.04


69%


1.61




1.25


19 772 500


2.26


55%


1.44




1.50


15 507 918


2.50


43%


1.25




2.00


9 552 756


2.99


27%


0.92




2.50


6 193 607


3.41


17%


0.68




3.00


3 805 155


3.83


11%


0.47
































Remodeling of the Mineral Resource was executed by The Mineral Corporation, who also produced the original March 2011 Mineral Resource statement. At that time, the Mineral Resource estimate at a 0.5 g/t cut-off, was 46.3 Mt containing 2.03 M oz at an average grade of 1.37 g/t.

In this 2012 Mineral Resource update, an improved structural model has been developed, which has permitted three mineralized zones, interpreted to be higher than 1.5 g/t in gold grade, to be modeled. These zones are less continuous than the previously modeled “BIF”, but can nonetheless be correlated on strike and dip at the resolution of the current drilling. As a consequence of this process, a large amount of waste interburden has been removed, thereby decreasing the total number of tonnes within the Mineral Resource.

The 2012 Mineral Resource for Adumbi, which is classified as Inferred mineral resources, is based on approximately 10 750 m of sampling data, including data from 4 underground adits, 49 diamond boreholes and 18 surface trenches. The data from the trenches was used to inform the interpretation of geological zones, but was not used for gold grade estimation purposes. A total of 1 623 m of borehole data is interpreted to have intersected the three mineralized zones.



Three zones of mineralization with a gold grade predominantly above 1.5 g/t were delineated after the interpretation of a structural model for the host rocks. The zones strike northwest-southeast and generally dip vertically. Ordinary Kriging within the zones and within the interburden was used to estimate gold grades, into 25 m by 25 m by 5 m blocks. A density of 3.09 t/m3 within the mineralized zones and 3.04 t/m3 outside the zones was utilized for the estimation of tonnage. These densities are based on the results of one borehole which was analyzed at ALS Chemex. The deepest point of the model below surface is approximately 350 m and the maximum extrapolation below the lowest mineralized zone intersection point is 50 m.



Sampling, QC and Analytical Procedures:



The diamond drill core was sawn in half and one half was sampled, as approximately one metre long samples. The drill core was assayed by ALS Chemex, certified to international standards, for gold using a 50g charge and the FA-AA method.



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 quality control and analytical procedures (see May 4, 2010 press release).



The Mineral Corporation has reviewed the quality control results from both Kilo’s own quality control protocols, and those of the laboratory (“ALS Chemex”) and has not identified any material flaw in the sampling or analytical procedures which would prevent its estimate of Inferred Mineral Resources.



Qualified Person

Mr. David Young, of The Mineral Corporation, is the "Qualified Person" who prepared the Mineral Resource estimate and has reviewed and approved the scientific and technical information contained in this press release. . The Mineral Resource estimate was prepared using the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") definition Standards (2005) and CIM Best Practice Guidelines for preparing Mineral Resources and Mineral Reserves. Mr. Young is independent of Kilo as that term is defined in NI 43-101. The Mineral Corporation is an independent geological and mining consulting firm that is based in South Africa.

About Kilo

Kilo Goldmines Ltd. is a Canadian gold exploration company operating in the Democratic Republic of Congo (DRC). The Company has over 7,000 square km of favourable Archaean Kibalian greenstone in the Kilo-Moto area in north-eastern DRC. Kilo recently announced an inferred resource on the Adumbi Deposit of the Somituri Project of which the Company owns a 71.25% interest in the DRC entity that holds the Somituri Project Exploitation Permits.

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.



For more information, please contact:

Alex van Hoeken

President and CEO

+1-416-360-3415

avh@kilogoldmines.com