Kilo Goldmines - 500 Beiträge pro Seite (Seite 4)
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Antwort auf Beitrag Nr.: 45.314.937 von silvretta am 23.08.13 21:31:28So langsam wird auch KGL wieder gekauft...
Was geht ab? Nerven verloren??
Antwort auf Beitrag Nr.: 45.359.009 von ooy am 30.08.13 18:04:06ich frage mich auch, was hier los ist!
Das durchschnittliche Tagesvolumen der letzten 3 Monate liegt bei ~60 000 Shares.
Heute wurden bereits 2,8 Millionen Shares gehandelt!
Ask aktuell 534 000
Bid aktell 126 000
Also irgendwas muss los sein....
Das durchschnittliche Tagesvolumen der letzten 3 Monate liegt bei ~60 000 Shares.
Heute wurden bereits 2,8 Millionen Shares gehandelt!
Ask aktuell 534 000
Bid aktell 126 000
Also irgendwas muss los sein....
Irrer Umsatz...
Antwort auf Beitrag Nr.: 45.359.107 von Kongo-Otto am 30.08.13 18:16:23Habe gekauft, kann Vieles sein, von Notverkäufen über was weiss ich...
Trading Spotlight
Sehe hier eher Ersteres, News gibts keine, wir müssen halt aufpassen, nicht billig geschluckt zu werden...
Antwort auf Beitrag Nr.: 45.359.183 von ooy am 30.08.13 18:27:11nachkaufen tue ich nicht, solange man nicht eine ordentliche indicated Ressource nachgewiesen hat.
Denn da gibt es imho interessantere Werte als KGL, die ähnlich niedrig bewertet sind.
Habe hier eine mittlere Position bei 0.09CAD liegen und die sitze ich aus...
Denn da gibt es imho interessantere Werte als KGL, die ähnlich niedrig bewertet sind.
Habe hier eine mittlere Position bei 0.09CAD liegen und die sitze ich aus...
Antwort auf Beitrag Nr.: 45.359.553 von Kongo-Otto am 30.08.13 19:31:10Sehe ich anders, aber eh egal, kommt auf die Einschätzung an, ich greife zu, was los ist, weiss ich auch nicht...
Antwort auf Beitrag Nr.: 45.359.579 von ooy am 30.08.13 19:34:47Ja, du siehst die Zukunft und gehst davon aus, dass man aufgrund des 600km² großen Gebietes die Ressource massiv ausweiten kann/wird und man irgendwann mehrere Mio Oz indicated hat.
Ich bewerte aktuell den Ist-Zustand und sehe nur die 1,87MOz inferred.
288 Millionen Shares und ein Kurs von 0.035C$ ergeben aktuell eine fully diluted MK von 10MC$.
Dazu hatte man Ende Märze noch 10M$ Cash und 1.2M$ Verbindlichkeiten.
Die Milchmädchenrechnung besagt:
(10M$ - (10M$-1.2M$)) / 1.87MOz = 0.64$
Sprich, jede inferred Unze ist aktuell mit nichmalt 1$ bewertet.
Das ist natürlich schon interessant und verlockend.
Ich bewerte aktuell den Ist-Zustand und sehe nur die 1,87MOz inferred.
288 Millionen Shares und ein Kurs von 0.035C$ ergeben aktuell eine fully diluted MK von 10MC$.
Dazu hatte man Ende Märze noch 10M$ Cash und 1.2M$ Verbindlichkeiten.
Die Milchmädchenrechnung besagt:
(10M$ - (10M$-1.2M$)) / 1.87MOz = 0.64$
Sprich, jede inferred Unze ist aktuell mit nichmalt 1$ bewertet.
Das ist natürlich schon interessant und verlockend.
Antwort auf Beitrag Nr.: 45.359.671 von Kongo-Otto am 30.08.13 19:48:08Danke Dir für die Aufrechnung, sehr professionell!
Antwort auf Beitrag Nr.: 45.359.671 von Kongo-Otto am 30.08.13 19:48:08Was die wohl bezahlt haben?
Weisst Du das vielleicht?
Im offenen Markt kann das aber nicht gewesen sein.
Aug 14/13 Jul 11/13 Galena Special Situations Master Limited Indirect Ownership Common Shares 10 - Acquisition in the public market 12,222,585
http://www.canadianinsider.com/node/7?menu_tickersearch=KGL+…
Weisst Du das vielleicht?
Im offenen Markt kann das aber nicht gewesen sein.
Aug 14/13 Jul 11/13 Galena Special Situations Master Limited Indirect Ownership Common Shares 10 - Acquisition in the public market 12,222,585
http://www.canadianinsider.com/node/7?menu_tickersearch=KGL+…
Antwort auf Beitrag Nr.: 45.360.443 von ooy am 30.08.13 22:42:07Hm....gute Frage.
Ich kann damit irgendwie nix anfangen.
Denn bei einem Kauf über die Börsen müsste meiner Meinung nach ein Preis mit angegeben sein.
Zudem gab es im genannten Zeitraum an keiner der gelisteten Börsen solch ein Volumen (nichtmal wenn man TSXV, OTC, Frankfurt, Stuttgart und Berlin zusammenzählt!).
googlet man nach dem Käufer, dann findet man das:
What is the corporate history of the company?
Galena Asset Management is a subsidiary of the Trafigura Group and was formed in 2003, to provide investment management services to funds investing in commodity related assets and commenced investment management activities in 2004.
http://www.galena-invest.com
Ist also ein Rohstoff-Fond, der bei zahlreichen Unternehmen investiert.
Eine Auflistung habe ich leider nicht gefunden, aber bei der Websuche tauchen Firmen auf wie IMX Resources, Maudore Minerals, Toro Gold, Otis Gold, Continental Nickel etc..
Sagen mir alle aber auch nix.
Kann also null einschätzen, was das zu bedeuten hat.
Aber lass uns doch mal ein wenig rumspinnen:
die kaufen am 11. Juli zu 0.025CAD "irgendwo" 12 222 585 Shares und investieren somit 305 565 CAD.
Dann verkaufen sie heute 2,8 Millionen Shares (geschätzt anhand vom heutigen Handelsvolumen minus dem doppelten Durchschnittsvolumen (wegen Stopp Loss etc.)) zu 0.05CAD, was einem Erlös von 140 000 CAD entspricht. Das entsprich ~46% des eingesetzten Kapitals vom 11. Juli.
Also wer weiß, vielleicht war es auch eine Fond-Umschichtung oder Gewinnmitnahme durch Teilauflösung?
Was es wirklich war werden wir wohl leider nie erfahren...
Ich kann damit irgendwie nix anfangen.
Denn bei einem Kauf über die Börsen müsste meiner Meinung nach ein Preis mit angegeben sein.
Zudem gab es im genannten Zeitraum an keiner der gelisteten Börsen solch ein Volumen (nichtmal wenn man TSXV, OTC, Frankfurt, Stuttgart und Berlin zusammenzählt!).
googlet man nach dem Käufer, dann findet man das:
What is the corporate history of the company?
Galena Asset Management is a subsidiary of the Trafigura Group and was formed in 2003, to provide investment management services to funds investing in commodity related assets and commenced investment management activities in 2004.
http://www.galena-invest.com
Ist also ein Rohstoff-Fond, der bei zahlreichen Unternehmen investiert.
Eine Auflistung habe ich leider nicht gefunden, aber bei der Websuche tauchen Firmen auf wie IMX Resources, Maudore Minerals, Toro Gold, Otis Gold, Continental Nickel etc..
Sagen mir alle aber auch nix.
Kann also null einschätzen, was das zu bedeuten hat.
Aber lass uns doch mal ein wenig rumspinnen:
die kaufen am 11. Juli zu 0.025CAD "irgendwo" 12 222 585 Shares und investieren somit 305 565 CAD.
Dann verkaufen sie heute 2,8 Millionen Shares (geschätzt anhand vom heutigen Handelsvolumen minus dem doppelten Durchschnittsvolumen (wegen Stopp Loss etc.)) zu 0.05CAD, was einem Erlös von 140 000 CAD entspricht. Das entsprich ~46% des eingesetzten Kapitals vom 11. Juli.
Also wer weiß, vielleicht war es auch eine Fond-Umschichtung oder Gewinnmitnahme durch Teilauflösung?
Was es wirklich war werden wir wohl leider nie erfahren...
Antwort auf Beitrag Nr.: 45.360.611 von Kongo-Otto am 30.08.13 23:21:54Nein, aber es wäre eine Möglichkeit, mal sehen, wie es Montag weitergeht...
Genommen hat se ja auch Jemand, vielleicht sehen wir es ja bald über eine Insidermeldung...
Genommen hat se ja auch Jemand, vielleicht sehen wir es ja bald über eine Insidermeldung...
Jetzt wird gekauft, Canada ist glaube ich zu heute...
Kilo's Mt. Asonga may have 750 Mt at 59% Fe, says RPA
2013-09-04 09:35 ET - News Release
Mr. Alex van Hoeken reports
KILO GOLDMINES LTD.: A REVIEW BY ROSCOE POSTLE OF PROSPECTIVE IRON ORE LICENCES HELD BY KGL ISIRO SARL INDICATES POTENTIAL FOR IRON ORE DEPOSIT OF REGIONAL/GLOBAL SIGNIFICANCE
A review of exploration data produced by Rio Tinto Mining and Exploration (RTME) during its joint venture (JV) agreement with Kilo Goldmines Ltd. from 2007 to 2012 has been completed by Roscoe Postle Associates (RPA). The findings of this review are summarized herewith.
Highlights
-- Ngayu greenstone belt
-- five licences covering some 749 km2
-- itabrites (metamorphosed banded iron formation) potentially extends
over a 20 km non-contiguous strike length (as defined by airborne
geophysics)
-- initial analytical results suggest that mineralized material may be
suitable as Direct Shipping Ore (DSO)
-- RPA estimates that Mt Asonga may contain between 750 to 1500 Mt of
mineralized material, grading 59 - 65% Fe focused on a 19 km2 area
on Mt Asonga. Note that the potential quantity and grade is
conceptual in nature, there has been insufficient exploration to
define a mineral resource and it is uncertain if further exploration
will result in the target being delineated as a mineral resource.
Furthermore:
-- 12 diamond drill holes totalling 1198 m were drilled by RTME
-- minimal overburden and intercepts up to 127 m with an average
overall seam thickness of 70 m
-- Reconnaissance sampling has confirmed the presence of mineralization
at an exploration target to the southeast of Mt. Asonga known as Mt.
Zatua. This shares the characteristic of coincident topographical
highs and magnetic anomalies that have been observed at Mt. Asonga
-- Isiro greenstone belt
-- 7 licences covering 1306 km2
-- itabrites (metamorphosed banded iron formation) potentially extends
over a 60 km non-contiguous strike length (as defined by airborne
geophysics)
-- outcrops at Mt. Abambula and Mt. Dududu contain both massive and
laminated types of hematite mineralization
In RPA's opinion, the project warrants additional exploration to estimate Mineral Resources and bring the project to a Preliminary Economic Assessment level, as well as further exploration on the other targets.
Alex van Hoeken, President and CEO of KGL, stated: "The RPA review of the RTME data, indicates that the licences held by KGL, have the potential of generating an iron deposit of regional and global significance.
Whilst KGL's primary business focus is the KGL Somituri gold project, this review indicates that the iron potential of the exploration licences held by KGL Isiro SARL can potentially add significant value. KGL will over the coming months approach potential business partners, with the view of soliciting a new JV partner for the development of this iron ore deposit."
BACKGROUND
The 12 exploration licences covering some 2056 km2 are held in the name of KGL Isiro SARL (Figure 3), a company registered in the Democratic Republic of Congo (DRC). Through this entity, Randgold Resources and KGL also have a joint venture for gold and associated minerals only, whilst all other non-gold rights (iron) remain contractually with KGL and its minority partner Suez Holdings, a private Jersey registered holding company and the original owner of the licences.
During the joint venture period RTME had purchased a 15% equity stake in the project. In exchange for this equity and in recognition of exploration effort expended including discovery of the Mt Asonga prospect, RTME's equity stake was swapped for a 0.8% production royalty over 8 years. The final contractual iron ownership is 89% KGL and 11% Suez Holdings.
RTME terminated the JV agreement with KGL in April of 2013 and as per the termination agreement, RTME provided the entire data set collected during the joint venture period. This data set included: geophysical and remote sensing data over the entire property; down-hole drill logging and surveys from 12 holes totalling some 1198 m of drilling; reconnaissance sampling; basic lithology information and analytical results and certificates.
In July of 2013, KGL submitted the data supplied by RTME to international mining consultants Roscoe Postle Associates (RPA), for an independent assessment of the data. RPA subsequently produced a report based on a review of the available data and a site visit by Mr Ian Blakley, VP and General Manager of RPA UK Ltd (qualified person) to Mt Asonga and RMTE's former base camp at Isiro (core storage facility). The drill core was cut in half and one-half was submitted by RTME to Ultra Trace Pty. Ltd in Perth, Western Australia, for X-ray fluorescence (XRF) analysis.
QUALIFIED PERSON
The data review disclosed in this press release was supervised by RPA's geological consultant Pierre Landry. Pierre Landry, B.Sc.H., P.Geo., is also the 'qualified person' (as that term is defined under National Instrument 43-101) retained by the Company who has reviewed the scientific and technical information contained in this release.
We seek Safe Harbor.
2013-09-04 09:35 ET - News Release
Mr. Alex van Hoeken reports
KILO GOLDMINES LTD.: A REVIEW BY ROSCOE POSTLE OF PROSPECTIVE IRON ORE LICENCES HELD BY KGL ISIRO SARL INDICATES POTENTIAL FOR IRON ORE DEPOSIT OF REGIONAL/GLOBAL SIGNIFICANCE
A review of exploration data produced by Rio Tinto Mining and Exploration (RTME) during its joint venture (JV) agreement with Kilo Goldmines Ltd. from 2007 to 2012 has been completed by Roscoe Postle Associates (RPA). The findings of this review are summarized herewith.
Highlights
-- Ngayu greenstone belt
-- five licences covering some 749 km2
-- itabrites (metamorphosed banded iron formation) potentially extends
over a 20 km non-contiguous strike length (as defined by airborne
geophysics)
-- initial analytical results suggest that mineralized material may be
suitable as Direct Shipping Ore (DSO)
-- RPA estimates that Mt Asonga may contain between 750 to 1500 Mt of
mineralized material, grading 59 - 65% Fe focused on a 19 km2 area
on Mt Asonga. Note that the potential quantity and grade is
conceptual in nature, there has been insufficient exploration to
define a mineral resource and it is uncertain if further exploration
will result in the target being delineated as a mineral resource.
Furthermore:
-- 12 diamond drill holes totalling 1198 m were drilled by RTME
-- minimal overburden and intercepts up to 127 m with an average
overall seam thickness of 70 m
-- Reconnaissance sampling has confirmed the presence of mineralization
at an exploration target to the southeast of Mt. Asonga known as Mt.
Zatua. This shares the characteristic of coincident topographical
highs and magnetic anomalies that have been observed at Mt. Asonga
-- Isiro greenstone belt
-- 7 licences covering 1306 km2
-- itabrites (metamorphosed banded iron formation) potentially extends
over a 60 km non-contiguous strike length (as defined by airborne
geophysics)
-- outcrops at Mt. Abambula and Mt. Dududu contain both massive and
laminated types of hematite mineralization
In RPA's opinion, the project warrants additional exploration to estimate Mineral Resources and bring the project to a Preliminary Economic Assessment level, as well as further exploration on the other targets.
Alex van Hoeken, President and CEO of KGL, stated: "The RPA review of the RTME data, indicates that the licences held by KGL, have the potential of generating an iron deposit of regional and global significance.
Whilst KGL's primary business focus is the KGL Somituri gold project, this review indicates that the iron potential of the exploration licences held by KGL Isiro SARL can potentially add significant value. KGL will over the coming months approach potential business partners, with the view of soliciting a new JV partner for the development of this iron ore deposit."
BACKGROUND
The 12 exploration licences covering some 2056 km2 are held in the name of KGL Isiro SARL (Figure 3), a company registered in the Democratic Republic of Congo (DRC). Through this entity, Randgold Resources and KGL also have a joint venture for gold and associated minerals only, whilst all other non-gold rights (iron) remain contractually with KGL and its minority partner Suez Holdings, a private Jersey registered holding company and the original owner of the licences.
During the joint venture period RTME had purchased a 15% equity stake in the project. In exchange for this equity and in recognition of exploration effort expended including discovery of the Mt Asonga prospect, RTME's equity stake was swapped for a 0.8% production royalty over 8 years. The final contractual iron ownership is 89% KGL and 11% Suez Holdings.
RTME terminated the JV agreement with KGL in April of 2013 and as per the termination agreement, RTME provided the entire data set collected during the joint venture period. This data set included: geophysical and remote sensing data over the entire property; down-hole drill logging and surveys from 12 holes totalling some 1198 m of drilling; reconnaissance sampling; basic lithology information and analytical results and certificates.
In July of 2013, KGL submitted the data supplied by RTME to international mining consultants Roscoe Postle Associates (RPA), for an independent assessment of the data. RPA subsequently produced a report based on a review of the available data and a site visit by Mr Ian Blakley, VP and General Manager of RPA UK Ltd (qualified person) to Mt Asonga and RMTE's former base camp at Isiro (core storage facility). The drill core was cut in half and one-half was submitted by RTME to Ultra Trace Pty. Ltd in Perth, Western Australia, for X-ray fluorescence (XRF) analysis.
QUALIFIED PERSON
The data review disclosed in this press release was supervised by RPA's geological consultant Pierre Landry. Pierre Landry, B.Sc.H., P.Geo., is also the 'qualified person' (as that term is defined under National Instrument 43-101) retained by the Company who has reviewed the scientific and technical information contained in this release.
We seek Safe Harbor.
Antwort auf Beitrag Nr.: 45.384.547 von pillpall am 04.09.13 15:42:19Da soll Einer den Kurs verstehen...
Alleine das rechtfertigt schon mehr...
Was war denn da gestern wieder los??
Antwort auf Beitrag Nr.: 45.534.171 von ooy am 28.09.13 20:28:06Gute Frage. Da ich es aber schon lange nicht mehr verstehe, habe ich aufgehört den Kurs bzw. die täglchen Bewegungen zu verfolgen.....
Weck mich, wenn wir wieder bei 0.10CAD stehen. ;-)
Weck mich, wenn wir wieder bei 0.10CAD stehen. ;-)
Antwort auf Beitrag Nr.: 45.534.617 von Kongo-Otto am 29.09.13 01:11:16Werde ich hoffentlich bald...
Kilo Goldmines Ltd.: Cost Cutting Implementation
TORONTO, ONTARIO--(Marketwired - Sept. 30, 2013) - Kilo Goldmines Ltd. ("KGL" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) is pleased to announce that it has implemented a series of cost cutting measures to enhance cash retention.
Following the completion of the 2103 drilling program on August 6, the company is implementing the following:
•All senior staff and board members are taking a 20% salary and fee cut effective October 1st
•DRC staff has been reduced to care and maintenance level only
•Exploration support contractors (helicopter, sample laboratory operation, security) are being suspended or reduced according to current needs
•Jim Williams has resigned from the board effective 30 September
•The Randgold Joint Venture continues using some Kilo personnel & equipment
The DRC staff has been reduced to a minimum level sufficient for keeping the exploration camp in good standing, and security staff with the security contactor has been reduced accordingly. Other contractors are being demobilized until further notice.
The Company is awaiting final assay results from the ALS laboratory in Johannesburg for final interpretation. As announced on August 15, the Company has retained Roscoe Postle Associates for the review of the data with the objective of the establishment of a mineral resource on the Kitenge and Manzako prospects, and this work is ongoing pending the final assay results. It is expected that a report will be available during Q4. Furthermore, the Company is conducting an extensive review of its data with specialist consultants such as geochemistry experts to assess additional exploration targets on its properties.
The joint venture between Kilo Goldmines and Randgold Resources Limited is proceeding as scheduled. Randgold is hiring some of the Company's equipment and utilizing some of its personnel.
David Netherway, Chairman of KGL stated: "The company's portfolio is highly prospective which warrants continued development, and the company is exercising prudent financial management to ensure its long term success considering the state of the mining industry in the short term. It is a tribute to our personnel and their belief in the upside of the project that they have been exceptionally receptive to these cost cutting measures to enhance the long term success of the company. In particular I would like to thank Jim Williams for his service and his voluntary resignation to assist in this cost-cutting exercise."
http://web.tmxmoney.com/article.php?newsid=62979524&qm_symbo…
TORONTO, ONTARIO--(Marketwired - Sept. 30, 2013) - Kilo Goldmines Ltd. ("KGL" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) is pleased to announce that it has implemented a series of cost cutting measures to enhance cash retention.
Following the completion of the 2103 drilling program on August 6, the company is implementing the following:
•All senior staff and board members are taking a 20% salary and fee cut effective October 1st
•DRC staff has been reduced to care and maintenance level only
•Exploration support contractors (helicopter, sample laboratory operation, security) are being suspended or reduced according to current needs
•Jim Williams has resigned from the board effective 30 September
•The Randgold Joint Venture continues using some Kilo personnel & equipment
The DRC staff has been reduced to a minimum level sufficient for keeping the exploration camp in good standing, and security staff with the security contactor has been reduced accordingly. Other contractors are being demobilized until further notice.
The Company is awaiting final assay results from the ALS laboratory in Johannesburg for final interpretation. As announced on August 15, the Company has retained Roscoe Postle Associates for the review of the data with the objective of the establishment of a mineral resource on the Kitenge and Manzako prospects, and this work is ongoing pending the final assay results. It is expected that a report will be available during Q4. Furthermore, the Company is conducting an extensive review of its data with specialist consultants such as geochemistry experts to assess additional exploration targets on its properties.
The joint venture between Kilo Goldmines and Randgold Resources Limited is proceeding as scheduled. Randgold is hiring some of the Company's equipment and utilizing some of its personnel.
David Netherway, Chairman of KGL stated: "The company's portfolio is highly prospective which warrants continued development, and the company is exercising prudent financial management to ensure its long term success considering the state of the mining industry in the short term. It is a tribute to our personnel and their belief in the upside of the project that they have been exceptionally receptive to these cost cutting measures to enhance the long term success of the company. In particular I would like to thank Jim Williams for his service and his voluntary resignation to assist in this cost-cutting exercise."
http://web.tmxmoney.com/article.php?newsid=62979524&qm_symbo…
these guys are sitting on a big Iron deposit
September 10, 2013 01:44 pm 97 reads
and have cash in the bank...I think its way undervalue,I`m buying here...think it will at least double with the improving venture market...
these guys are sitting on a big Iron deposit
September 10, 2013 01:44 pm 97 reads
Post Quality
and have cash in the bank...I think its way undervalue,I`m buying here...think it will at least double with the improving venture market...
these guys are sitting on a big Iron deposit
September 10, 2013 01:44 pm 97 reads
and have cash in the bank...I think its way undervalue,I`m buying here...think it will at least double with the improving venture market...
http://www.stockhouse.com/companies/bullboard/v.kgl/kilo-gol…
September 10, 2013 01:44 pm 97 reads
and have cash in the bank...I think its way undervalue,I`m buying here...think it will at least double with the improving venture market...
these guys are sitting on a big Iron deposit
September 10, 2013 01:44 pm 97 reads
Post Quality
and have cash in the bank...I think its way undervalue,I`m buying here...think it will at least double with the improving venture market...
these guys are sitting on a big Iron deposit
September 10, 2013 01:44 pm 97 reads
and have cash in the bank...I think its way undervalue,I`m buying here...think it will at least double with the improving venture market...
http://www.stockhouse.com/companies/bullboard/v.kgl/kilo-gol…
Antwort auf Beitrag Nr.: 45.640.007 von ooy am 16.10.13 18:42:24
Hoffentlich geht es jetzt endlich bald los bei KGL !
Hoffentlich geht es jetzt endlich bald los bei KGL !
Ist m.E. nur eine Frage der Zeit...
Zitat von ooy: Ist m.E. nur eine Frage der Zeit...
Wenn die Weisheit "Die Börse hat immer Recht" auf KGL zutrifft, dann gehen auch hier bald die Lichter aus!
Weder in Afghanistan noch DRC passiert noch was, das Management streicht das um 20% gekürzte Gehalt fürs Chillen ein, solange bis das Cash futsch ist!
Antwort auf Beitrag Nr.: 45.884.114 von ooy am 21.11.13 05:31:20
tja da stehen wir nun bei kgl und warten immer noch.
und das obwohl seit einiger zeit steigende kurse für rohstoffe inclusive
em angekündigt werden.
aber was noch nicht ist kann ja noch evtl. werden . siehe hierzu auch das
noch das laufende panex-pp zum amani-projekt im giro-field.
laut prospektus und den nachrichten sind große aussichten ausgewiesen.
tja da stehen wir nun bei kgl und warten immer noch.
und das obwohl seit einiger zeit steigende kurse für rohstoffe inclusive
em angekündigt werden.
aber was noch nicht ist kann ja noch evtl. werden . siehe hierzu auch das
noch das laufende panex-pp zum amani-projekt im giro-field.
laut prospektus und den nachrichten sind große aussichten ausgewiesen.
Zitat von blimi:Zitat von ooy: Ist m.E. nur eine Frage der Zeit...
Wenn die Weisheit "Die Börse hat immer Recht" auf KGL zutrifft, dann gehen auch hier bald die Lichter aus!
Weder in Afghanistan noch DRC passiert noch was, das Management streicht das um 20% gekürzte Gehalt fürs Chillen ein, solange bis das Cash futsch ist!
was will man erwarten von buden, welche eher durch börsenbriefe am leben erhalten werden, anstatt durch substanz und erfolgreichen projekten.
energulf, panex.....
alles luftnummern zum geld verbrennen...
Antwort auf Beitrag Nr.: 46.041.046 von schobbesaufer am 12.12.13 22:12:48KGL stellt sich, wie so viele, tot!
Ist imho auch der richtige Weg.
Bohrergebnisse bringen aktuell sowieso nichts, da sie verpuffen, also spart man sich gleich das Geld für Bohrprogramme und fährt auch sonst die administrativen Kosten zurück.
Ende Juni hatte man noch knapp 7M$ Cash!
Bei 319,05 Millionen issued Shares (also ohne Warrants und Options) hat man, Stand heute, eine MK von 4,79M$!
Was mich gerade stinksauer macht: Wieso ist denn die Homepage nicht auf dem aktuellen Stand? Total veraltete Information bzgl. Company Structure, keine aktuelle Präsentation, keine News.....nix!
Das weckt kein Vertrauen!
Ist imho auch der richtige Weg.
Bohrergebnisse bringen aktuell sowieso nichts, da sie verpuffen, also spart man sich gleich das Geld für Bohrprogramme und fährt auch sonst die administrativen Kosten zurück.
Ende Juni hatte man noch knapp 7M$ Cash!
Bei 319,05 Millionen issued Shares (also ohne Warrants und Options) hat man, Stand heute, eine MK von 4,79M$!
Was mich gerade stinksauer macht: Wieso ist denn die Homepage nicht auf dem aktuellen Stand? Total veraltete Information bzgl. Company Structure, keine aktuelle Präsentation, keine News.....nix!
Das weckt kein Vertrauen!
Antwort auf Beitrag Nr.: 46.041.046 von schobbesaufer am 12.12.13 22:12:48Du siehst hier keine Substanz? Dann bist du eh am falschen Platz...
was will man erwarten von buden, welche eher durch börsenbriefe am leben erhalten werden, anstatt durch substanz und erfolgreichen projekten.
energulf, panex.....
alles luftnummern zum geld verbrennen...
Da du hier auch Panex erwähnst! Die Frage wäre von dir einstweilen zu beantworten warum Panex auf dem aktuellen Stand keine Substanz hätte! Und? LG Auriga.
On another note.
excerp from >cost cutting implementations
ABOUT KILO
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some »3000 km2 of favourable Archaen Kabalian Greenstones(the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region (11 Moz, Mineweb).
Incorporated within these licences is:
●the Somituri Project (71.25% owned by KGL), comprising eight non-contiguous licences (606 km2)
●the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS). Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
Additionally:
●KGL has retained the rights to explore for and develop any iron ore resources(or other minerals) associated with the licences held by KGL Isiro SARL. These licences were in a JV with Rio Tinto who have now withdrawn.
●KGL has a minority interest in the Hajigak iron ore project in Afghanistan.
http://web.tmxmoney.com/article.php?newsid=62979524&qm_symbo…
energulf, panex.....
alles luftnummern zum geld verbrennen...
Da du hier auch Panex erwähnst! Die Frage wäre von dir einstweilen zu beantworten warum Panex auf dem aktuellen Stand keine Substanz hätte! Und? LG Auriga.
On another note.
excerp from >cost cutting implementations
ABOUT KILO
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some »3000 km2 of favourable Archaen Kabalian Greenstones(the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region (11 Moz, Mineweb).
Incorporated within these licences is:
●the Somituri Project (71.25% owned by KGL), comprising eight non-contiguous licences (606 km2)
●the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS). Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
Additionally:
●KGL has retained the rights to explore for and develop any iron ore resources(or other minerals) associated with the licences held by KGL Isiro SARL. These licences were in a JV with Rio Tinto who have now withdrawn.
●KGL has a minority interest in the Hajigak iron ore project in Afghanistan.
http://web.tmxmoney.com/article.php?newsid=62979524&qm_symbo…
Zitat von schobbesaufer:Zitat von blimi: ...
Wenn die Weisheit "Die Börse hat immer Recht" auf KGL zutrifft, dann gehen auch hier bald die Lichter aus!
Weder in Afghanistan noch DRC passiert noch was, das Management streicht das um 20% gekürzte Gehalt fürs Chillen ein, solange bis das Cash futsch ist!
was will man erwarten von buden, welche eher durch börsenbriefe am leben erhalten werden, anstatt durch substanz und erfolgreichen projekten.
energulf, panex.....
alles luftnummern zum geld verbrennen...
Wenn die Weisheit "Die Börse hat immer Recht" auf KGL zutrifft, dann gehen auch hier bald die Lichter aus!
Weder in Afghanistan noch DRC passiert noch was, das Management streicht das um 20% gekürzte Gehalt fürs Chillen ein, solange bis das Cash futsch ist!
Dieses ist schwerer Unfug was du schreibst. Lies das Folgende!
The DRC staff has been reduced to a minimum level sufficient for keeping the exploration camp in good standing, and security staff with the security contactor has been reduced accordingly. Other contractors are being demobilized until further notice.
The Company is awaiting final assay results from the ALS laboratory in Johannesburg for final interpretation. As announced on August 15, the Company has retained Roscoe Postle Associates for the review of the data with the objective of the establishment of a mineral resource on the Kitenge and Manzako prospects, and this work is ongoing pending the final assay results. It is expected that a report will be available during Q4. Furthermore, the Company is conducting an extensive review of its data with specialist consultants such as geochemistry experts to assess additional exploration targets on its properties.
The joint venture between Kilo Goldmines and Randgold Resources Limited is proceeding as scheduled. Randgold is hiring some of the Company's equipment and utilizing some of its personnel.
Just onother excerpt from cost cutting implementations
http://web.tmxmoney.com/article.php?newsid=62979524&qm_symbo…
●the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS). Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
http://web.tmxmoney.com/article.php?newsid=62979524&qm_symbo…
http://web.tmxmoney.com/article.php?newsid=62979524&qm_symbo…
Antwort auf Beitrag Nr.: 46.044.312 von auriga am 13.12.13 13:37:08ich sehe die "Herausforderung" darin bzw. die daraus resultierende niedrige Bewertung immer noch darin begründet, dass man aktuell lediglich eine Inferred-Ressource nachgewiesen hat und der Claim zudem im Kongo liegt....
Antwort auf Beitrag Nr.: 46.044.478 von Kongo-Otto am 13.12.13 13:57:52Hi Kongo-Otto! Ja, klingt sehr eingängig! Auch bezüglich Kosteneinsparungen(Vorgängerpost) bin ich bei dir. LG Auriga. PS MM sind die Kosteneinsparungen während Auswertung in Johannesburg weiterläuft und Kilo Goldmines von Randgold gecarried wird in terms einstweilen PFS ausgesprochen positiv zu bewerten! Gefällt mir sehr gut. 
Zitat von Kongo-Otto: ich sehe die "Herausforderung" darin bzw. die daraus resultierende niedrige Bewertung immer noch darin begründet, dass man aktuell lediglich eine Inferred-Ressource nachgewiesen hat und der Claim zudem im Kongo liegt....
-----------------------------------------------------------------------
hallo otto,
nachdem der goldpreis vorgestern und gestern schon recht gut gestiegen ist
darf man gespannt sein ,wann sich das bei den einzelnen explorerwerten
bemerkbar macht .
sollte bei kgl nicht auch das 43-101 bis ende dezember vermeldet werden.
das dürfte dann evtl. der knackpunkt sein.
zum anziehenden goldpreis haben sich ja in den letzten wochen schon einige
experten positiv geäußert .
790.000 Stück Umsatz - nicht schlecht...
Antwort auf Beitrag Nr.: 46.302.411 von punta am 24.01.14 21:38:24Über 100% vom Tief ist doch was, oder?
BID
Orders
Volume
Price Range
27 2,817,000 0.01500-0.03500
ASK
Price Range
Volume
Orders
0.04000-0.06000 365,000 14
Orders
Volume
Price Range
27 2,817,000 0.01500-0.03500
ASK
Price Range
Volume
Orders
0.04000-0.06000 365,000 14
10:20 AM EST
January 30, 2014Kilo Goldmines Ltd.: Maiden Mineral Resource Estimates for the Kitenge and Manzako Gold Deposits and Updated Mineral Resource Estimate for the Adumbi Gold Deposit - Marketwired
Meinungen??
January 30, 2014Kilo Goldmines Ltd.: Maiden Mineral Resource Estimates for the Kitenge and Manzako Gold Deposits and Updated Mineral Resource Estimate for the Adumbi Gold Deposit - Marketwired
Meinungen??
Antwort auf Beitrag Nr.: 46.345.511 von ooy am 30.01.14 17:29:07Mich stört weiterhin, dass es immer noch lediglich eine inferred Resource ist.
Positiv ist, dass man die Resourcenschätzung auf Basis eine Goldpreises von 1200$ erstelllt hat, auch wenn dadurch für Adumbi der Cut-Off von 0,5g/t auf 0,9g/t gestiegen ist und sich die Open-Pit-Resource somit um 0.5MOz verringert hat.
Interessant ist auch das:
RPA have indicated that: by geo-referencing the drill collars to a digital terrain survey, as well as re-surveying historical workings, it is possible that the Mineral Resource classification could be upgraded to the Indicated category in some areas of the deposit; and infill and step out drilling may confirm the continuity of the resource and assign grade and ounces to areas tapered due to the inherent modelling parameters diminishing grade influence with distance from the hole. A comparison between the 2012 and 2013 uncapped versions of the Adumbi Inferred MRE show that in general, at a cut-off grade of 1 g/t Au or above, grade and total ounces have increased on average over the cut-off ranges indicated by 18% and 20% respectively. /i]
Bin mal gespannt wie es weitergeht. Was denkst du?
Positiv ist, dass man die Resourcenschätzung auf Basis eine Goldpreises von 1200$ erstelllt hat, auch wenn dadurch für Adumbi der Cut-Off von 0,5g/t auf 0,9g/t gestiegen ist und sich die Open-Pit-Resource somit um 0.5MOz verringert hat.
Interessant ist auch das:
RPA have indicated that: by geo-referencing the drill collars to a digital terrain survey, as well as re-surveying historical workings, it is possible that the Mineral Resource classification could be upgraded to the Indicated category in some areas of the deposit; and infill and step out drilling may confirm the continuity of the resource and assign grade and ounces to areas tapered due to the inherent modelling parameters diminishing grade influence with distance from the hole. A comparison between the 2012 and 2013 uncapped versions of the Adumbi Inferred MRE show that in general, at a cut-off grade of 1 g/t Au or above, grade and total ounces have increased on average over the cut-off ranges indicated by 18% and 20% respectively. /i]
Bin mal gespannt wie es weitergeht. Was denkst du?
Antwort auf Beitrag Nr.: 46.346.215 von Kongo-Otto am 30.01.14 18:25:41Bin nicht so ein Profi, daher interessiert mich Deine Meinung sehr, grundsaetzlich hoert sich das gut an fuer mich, vor Allem auf dem Niveau...
Gold Geochemistry Anomalies Delineated on the Kilo-Randgold Joint Venture Project, DRC
TORONTO, ONTARIO--(Marketwired - Feb. 3, 2014) - Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) is pleased to announce that Randgold Resources plc ("RRL") provided the following update on the 2 056.76 km² Kilo - Randgold joint venture ("JV") on the Ngayu and Isiro Archaean Greenstone Belts in Oriental Province, Democratic Republic of Congo today at the Indaba conference in Cape Town, South Africa.
•Regional soil sampling over the priority conceptual targets of the Ngayu belt is complete following the collection of 2414 samples over a 400m x 200m grid, covering a total of 210 km2 (Figure 1).
•The gold in soil results have been hand contoured and reveal three gold anomalies worthy of follow-up surface exploration work. The anomalies include Yambenda, Bonzuzu and Mbese.
•The most significant of these is Yambenda which measures 9.5km x 1.5km at 50ppb Au (including 3.0km x 1.5km at 100ppb and 1.5km x 1.5km at 100ppb). The gold anomaly coincides with the flanks of a prominent ridge truncated by the SW flowing Nepoko River. Geologically the anomaly overlies a volcano sedimentary package and appears to be spatially associated with a steeply dipping banded iron formation trending northwest (Figure 2).
•Soil sampling has commenced on the Isiro belt. A total of 364 samples have been taken at the time of report but no assay results have been received (Figure 3).
Alex van Hoeken, President and CEO of Kilo, today stated:
"We are extremely pleased with the professionalism and dedication of our joint venture partner, which has generated anomalies within four months of being on the ground. We look forward to infill results so that drilling could commence during the course of 2014. "
TORONTO, ONTARIO--(Marketwired - Feb. 3, 2014) - Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) is pleased to announce that Randgold Resources plc ("RRL") provided the following update on the 2 056.76 km² Kilo - Randgold joint venture ("JV") on the Ngayu and Isiro Archaean Greenstone Belts in Oriental Province, Democratic Republic of Congo today at the Indaba conference in Cape Town, South Africa.
•Regional soil sampling over the priority conceptual targets of the Ngayu belt is complete following the collection of 2414 samples over a 400m x 200m grid, covering a total of 210 km2 (Figure 1).
•The gold in soil results have been hand contoured and reveal three gold anomalies worthy of follow-up surface exploration work. The anomalies include Yambenda, Bonzuzu and Mbese.
•The most significant of these is Yambenda which measures 9.5km x 1.5km at 50ppb Au (including 3.0km x 1.5km at 100ppb and 1.5km x 1.5km at 100ppb). The gold anomaly coincides with the flanks of a prominent ridge truncated by the SW flowing Nepoko River. Geologically the anomaly overlies a volcano sedimentary package and appears to be spatially associated with a steeply dipping banded iron formation trending northwest (Figure 2).
•Soil sampling has commenced on the Isiro belt. A total of 364 samples have been taken at the time of report but no assay results have been received (Figure 3).
Alex van Hoeken, President and CEO of Kilo, today stated:
"We are extremely pleased with the professionalism and dedication of our joint venture partner, which has generated anomalies within four months of being on the ground. We look forward to infill results so that drilling could commence during the course of 2014. "
Diemal muss ich sagen, das wurde auch Zeit:
Kilo Goldmines Announces Proposed Share Consolidation
Nachrichtenquelle: Marketwired
| 06.02.2014, 15:06 | 108 Aufrufe | 0 | druckversion
TORONTO, ONTARIO--(Marketwired - Feb. 6, 2014) - Kilo Goldmines Ltd. ("Kilo" or the "Corporation") (TSX VENTURE:KGL)(FRANKFURT:02K) announces that at its annual meeting to be held on March 6, 2014, shareholders will be asked to approve a share consolidation resolution. If approved by the shareholders, the Corporation's Board of Directors will have the authority, at its sole discretion, to proceed with a share consolidation on the basis of one (1) post-consolidation common share for up to every ten (10) pre-consolidation common shares. Such authority would lapse at the next annual meeting of the Kilo shareholders. The Corporation's outstanding stock options and share purchase warrants would be adjusted on the same basis, with proportionate adjustments to the exercise prices.
The Board of Directors and Management of Kilo have concluded that it may be necessary for the Corporation to consolidate its common shares in order to increase the Corporation's flexibility with respect to potential business transactions, including future financings. Shareholders' approval of this resolution does not necessarily mean that a share consolidation will occur, rather it will provide the Board of Directors the flexibility to implement a share consolidation if determined by the Board to be in the best interest of the Corporation and its shareholders.
There are currently 319,349,978 common shares issued and outstanding. The table below indicates the approximate number of common shares that would be outstanding if a share consolidation were to be effected today:
Proposed Consolidation Ratio Number of Outstanding Common Shares
(Post Consolidation)
1 to 10 31,934,997
1 to 9 35,483,330
1 to 8 39,918,747
1 to 7 45,621,425
The Consolidation is subject to shareholders approval at the upcoming annual and special meeting of shareholders and to the prior acceptance by the TSX Venture Exchange. Should a Consolidation be implemented, the Corporation would at that time issue a further news release confirming the consolidation ratio as well as the effective date. Letters of Transmittal with appropriate instructions would also be mailed to shareholders at such time.
Implementation of a share consolidation will not give rise to a change in the Corporation's name.
Kilo Goldmines Announces Proposed Share Consolidation
Nachrichtenquelle: Marketwired
| 06.02.2014, 15:06 | 108 Aufrufe | 0 | druckversion
TORONTO, ONTARIO--(Marketwired - Feb. 6, 2014) - Kilo Goldmines Ltd. ("Kilo" or the "Corporation") (TSX VENTURE:KGL)(FRANKFURT:02K) announces that at its annual meeting to be held on March 6, 2014, shareholders will be asked to approve a share consolidation resolution. If approved by the shareholders, the Corporation's Board of Directors will have the authority, at its sole discretion, to proceed with a share consolidation on the basis of one (1) post-consolidation common share for up to every ten (10) pre-consolidation common shares. Such authority would lapse at the next annual meeting of the Kilo shareholders. The Corporation's outstanding stock options and share purchase warrants would be adjusted on the same basis, with proportionate adjustments to the exercise prices.
The Board of Directors and Management of Kilo have concluded that it may be necessary for the Corporation to consolidate its common shares in order to increase the Corporation's flexibility with respect to potential business transactions, including future financings. Shareholders' approval of this resolution does not necessarily mean that a share consolidation will occur, rather it will provide the Board of Directors the flexibility to implement a share consolidation if determined by the Board to be in the best interest of the Corporation and its shareholders.
There are currently 319,349,978 common shares issued and outstanding. The table below indicates the approximate number of common shares that would be outstanding if a share consolidation were to be effected today:
Proposed Consolidation Ratio Number of Outstanding Common Shares
(Post Consolidation)
1 to 10 31,934,997
1 to 9 35,483,330
1 to 8 39,918,747
1 to 7 45,621,425
The Consolidation is subject to shareholders approval at the upcoming annual and special meeting of shareholders and to the prior acceptance by the TSX Venture Exchange. Should a Consolidation be implemented, the Corporation would at that time issue a further news release confirming the consolidation ratio as well as the effective date. Letters of Transmittal with appropriate instructions would also be mailed to shareholders at such time.
Implementation of a share consolidation will not give rise to a change in the Corporation's name.
Kilo Goldmines Ltd.: Gold Geochemistry Anomalies Delineated on Ngazi Licence, Somituri Project, DRC
http://www.finanznachrichten.de/nachrichten-2014-02/29443268…
http://www.finanznachrichten.de/nachrichten-2014-02/29443268…
Antwort auf Beitrag Nr.: 46.474.119 von Kongo-Otto am 18.02.14 09:38:07Hoert sich mal wieder sehr gut an, irgendwann wird das hoffentlich auch im Kurs ersichtlich werden...
Back
Kilo Goldmines Announces a Proposed Private Placement and the Consolidation of its Common Shares
TORONTO, ONTARIO--(Marketwired - March 25, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
•A private placement of equity units ◦minimum of $5,000,000, and
◦maximum of $6,000,000
•Dundee Capital Markets and Sprott Private Wealth LP to act as finders for $3.0 million and $2.0 million of the Offering, respectively
•Proceeds principally to be used to further the development of the Imbo licence hosting the Adumbi, Kitenge and Manzako resources (Somituri gold project)
•Offering subject to completion of 1 for 10 consolidation of common shares and shareholder approval of creation of any control persons
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to announce that it intends to proceed with a non-brokered private placement of equity units ("Units") to raise gross proceeds of a minimum of $5,000,000 and a maximum of $6,000,000 (the "Offering"). The Units will be offered at a price of $0.25 per Unit (following a 1 for 10 consolidation of the common shares of the Company) and each Unit will consist of one post-consolidated common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional post-consolidated common share of the Company for five years at a price of $0.35 during the first two years and $0.50 for the next three years.
The Company expects to use the net proceeds from the offering to fund further exploration and development of the Company's Somituri gold project in the Democratic Republic of Congo and for working capital and general corporate purposes.
Dundee Capital Markets ("DCM") and Sprott Private Wealth LP ("SPW") and some of its affiliates (collectively, the "Finders") have agreed to act as finders in connection with the sale of $3.0 million and $2.0 million of the Units, respectively, for a total of $5.0 million of the Offering.
The Finders will receive a fee of 6.0% for all Units placed to investors introduced by them, payable in cash or Units, at the option of the Finder, and will also receive 6.0% Finders' warrants, each exercisable to acquire one post-consolidated common share of the Company at a price of $0.25 per share for a period of 5 years. SPW and its affiliates will not receive a finder's fee or finder warrants for Units sold under the Offering to accounts and funds managed by it or its affiliates due to it being an affiliate of an insider as described below. DCM has agreed to take all fees in Units.
Kilo has been advised that Sprott Inc. (TSX: SII; "Sprott") and its affiliates, including SPW, currently own or control through managed accounts and funds, a total of 40,418,500 pre-consolidated common shares of the Company, representing approximately 12.6% of the currently issued and outstanding shares, as well as warrants to acquire a further 37,155,000 pre-consolidated common shares of the Company. As such, Sprott is an insider of the Company. Assuming the exercise of such warrants, Sprott would own and control 21.79% of the post-consolidated common shares of the Company and would be a "control person" of the Company. Sprott has advised that it, or one or more of its affiliates, intend to acquire that number of Units which, including any Units received by SPW and its affiliates as finder's fees and any finder warrants and assuming the exercise of all warrants, will provide it with approximately, but not more than, 29.9% of the number of post-consolidated common shares of the Company on a partially diluted basis.
DCM has advised that Corona Gold Corporation ("Corona") (TSX:CRG) has agreed to purchase a minimum of $2.3 million and a maximum of $2.8 million of the Units. Corona has confirmed that it currently owns no securities of the Company. If the minimum Offering is completed, Corona would own or control up to 11,200,000 of the post-consolidated common shares, representing up to approximately 21.6% of the post-consolidated common shares then issued and outstanding, as well as warrants to acquire up to a further 11,200,000 post-consolidated common shares of the Company. Assuming the exercise of such warrants, Corona would own or control up to approximately 35.5% of the number of post-consolidated common shares of the Company.
It is anticipated that other insiders of the Company may subscribe for up to $250,000 of the Offering.
Completion of the Offering would result in both Sprott and Corona becoming new "Control Persons" of Kilo, as defined in the policies of the TSX Venture Exchange. Accordingly, Kilo will be required to obtain disinterested shareholder approval for the creation of such Control Persons before the Offering may be completed. Votes attached to common shares owned or controlled by Sprott or Corona and their respective associates and affiliates will be excluded from voting. Kilo has called a special meeting of shareholders to be held on May 1, 2014 to consider approval of the creation of the Control Persons.
As a result of the participation in the Offering by Sprott (and possibly other insiders), the Offering is considered to be a "related party transaction" under Multilateral Instrument 61-101 ("MI 61-101"), however, the transaction will be exempt from the formal valuation requirements of MI 61-101. To the extent that both the fair market value of the securities to be issued to Sprott and other insiders and the cash consideration to be paid for such securities do not exceed 25% of Kilo's market capitalization, the transaction will also be exempt from the minority approval requirements of MI 6-101. Otherwise, minority approval excluding the insiders, their affiliates and joint actors will also be required.
Approval for the planned 1 for 10 share consolidation was received at Kilo's annual and special shareholders' meeting held on March 6, 2014 and is expected to be implemented shortly. It is anticipated that the Offering will be completed in escrow on or about April 15, 2014 subject to receipt of shareholder approval for the creation of the new Control Persons to be obtained at the special shareholders' meeting scheduled for May 1, 2014. The Offering will also be subject to certain conditions including, but not limited to, the receipt of the approval of the TSX Venture Exchange and the delivery of standard opinions.
About Kilo
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. Kilo holds exploitation and exploration licences covering approximately2,662 km2 of favourable Archaen Kabalian Greenstones(the Ngayu belt) in the northeast Democratic Republic of Congo. Incorporated within these licences are:
- the Somituri Project (71.25% owned by Kilo), comprising eight non-contiguous licences (606 km2), held by KGL-Somituri SARL; and
- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, Kilo can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to Kilo.
In addition:
- Kilo has retained the rights to explore for and develop any iron ore or other minerals associated with the licences held by KGL Isiro SARL. These licences were previously in a JV with Rio Tinto who has since withdrawn.
- Kilo has a minority interest in the Hajigak iron ore project in Afghanistan.
Kilo Goldmines Announces a Proposed Private Placement and the Consolidation of its Common Shares
TORONTO, ONTARIO--(Marketwired - March 25, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
•A private placement of equity units ◦minimum of $5,000,000, and
◦maximum of $6,000,000
•Dundee Capital Markets and Sprott Private Wealth LP to act as finders for $3.0 million and $2.0 million of the Offering, respectively
•Proceeds principally to be used to further the development of the Imbo licence hosting the Adumbi, Kitenge and Manzako resources (Somituri gold project)
•Offering subject to completion of 1 for 10 consolidation of common shares and shareholder approval of creation of any control persons
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to announce that it intends to proceed with a non-brokered private placement of equity units ("Units") to raise gross proceeds of a minimum of $5,000,000 and a maximum of $6,000,000 (the "Offering"). The Units will be offered at a price of $0.25 per Unit (following a 1 for 10 consolidation of the common shares of the Company) and each Unit will consist of one post-consolidated common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional post-consolidated common share of the Company for five years at a price of $0.35 during the first two years and $0.50 for the next three years.
The Company expects to use the net proceeds from the offering to fund further exploration and development of the Company's Somituri gold project in the Democratic Republic of Congo and for working capital and general corporate purposes.
Dundee Capital Markets ("DCM") and Sprott Private Wealth LP ("SPW") and some of its affiliates (collectively, the "Finders") have agreed to act as finders in connection with the sale of $3.0 million and $2.0 million of the Units, respectively, for a total of $5.0 million of the Offering.
The Finders will receive a fee of 6.0% for all Units placed to investors introduced by them, payable in cash or Units, at the option of the Finder, and will also receive 6.0% Finders' warrants, each exercisable to acquire one post-consolidated common share of the Company at a price of $0.25 per share for a period of 5 years. SPW and its affiliates will not receive a finder's fee or finder warrants for Units sold under the Offering to accounts and funds managed by it or its affiliates due to it being an affiliate of an insider as described below. DCM has agreed to take all fees in Units.
Kilo has been advised that Sprott Inc. (TSX: SII; "Sprott") and its affiliates, including SPW, currently own or control through managed accounts and funds, a total of 40,418,500 pre-consolidated common shares of the Company, representing approximately 12.6% of the currently issued and outstanding shares, as well as warrants to acquire a further 37,155,000 pre-consolidated common shares of the Company. As such, Sprott is an insider of the Company. Assuming the exercise of such warrants, Sprott would own and control 21.79% of the post-consolidated common shares of the Company and would be a "control person" of the Company. Sprott has advised that it, or one or more of its affiliates, intend to acquire that number of Units which, including any Units received by SPW and its affiliates as finder's fees and any finder warrants and assuming the exercise of all warrants, will provide it with approximately, but not more than, 29.9% of the number of post-consolidated common shares of the Company on a partially diluted basis.
DCM has advised that Corona Gold Corporation ("Corona") (TSX:CRG) has agreed to purchase a minimum of $2.3 million and a maximum of $2.8 million of the Units. Corona has confirmed that it currently owns no securities of the Company. If the minimum Offering is completed, Corona would own or control up to 11,200,000 of the post-consolidated common shares, representing up to approximately 21.6% of the post-consolidated common shares then issued and outstanding, as well as warrants to acquire up to a further 11,200,000 post-consolidated common shares of the Company. Assuming the exercise of such warrants, Corona would own or control up to approximately 35.5% of the number of post-consolidated common shares of the Company.
It is anticipated that other insiders of the Company may subscribe for up to $250,000 of the Offering.
Completion of the Offering would result in both Sprott and Corona becoming new "Control Persons" of Kilo, as defined in the policies of the TSX Venture Exchange. Accordingly, Kilo will be required to obtain disinterested shareholder approval for the creation of such Control Persons before the Offering may be completed. Votes attached to common shares owned or controlled by Sprott or Corona and their respective associates and affiliates will be excluded from voting. Kilo has called a special meeting of shareholders to be held on May 1, 2014 to consider approval of the creation of the Control Persons.
As a result of the participation in the Offering by Sprott (and possibly other insiders), the Offering is considered to be a "related party transaction" under Multilateral Instrument 61-101 ("MI 61-101"), however, the transaction will be exempt from the formal valuation requirements of MI 61-101. To the extent that both the fair market value of the securities to be issued to Sprott and other insiders and the cash consideration to be paid for such securities do not exceed 25% of Kilo's market capitalization, the transaction will also be exempt from the minority approval requirements of MI 6-101. Otherwise, minority approval excluding the insiders, their affiliates and joint actors will also be required.
Approval for the planned 1 for 10 share consolidation was received at Kilo's annual and special shareholders' meeting held on March 6, 2014 and is expected to be implemented shortly. It is anticipated that the Offering will be completed in escrow on or about April 15, 2014 subject to receipt of shareholder approval for the creation of the new Control Persons to be obtained at the special shareholders' meeting scheduled for May 1, 2014. The Offering will also be subject to certain conditions including, but not limited to, the receipt of the approval of the TSX Venture Exchange and the delivery of standard opinions.
About Kilo
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. Kilo holds exploitation and exploration licences covering approximately2,662 km2 of favourable Archaen Kabalian Greenstones(the Ngayu belt) in the northeast Democratic Republic of Congo. Incorporated within these licences are:
- the Somituri Project (71.25% owned by Kilo), comprising eight non-contiguous licences (606 km2), held by KGL-Somituri SARL; and
- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, Kilo can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to Kilo.
In addition:
- Kilo has retained the rights to explore for and develop any iron ore or other minerals associated with the licences held by KGL Isiro SARL. These licences were previously in a JV with Rio Tinto who has since withdrawn.
- Kilo has a minority interest in the Hajigak iron ore project in Afghanistan.
Meinungen???
Antwort auf Beitrag Nr.: 46.700.971 von ooy am 25.03.14 20:13:42Share consolidation find ich gut, auch wenn es nix am kurs ändern wird.
Das PP schockt mich auch nicht. War absehbar.
Wenigstens ist der preis mit 0.25 akzeptabel.
Mal sehen was bei den explorationen rauskommt...
Das PP schockt mich auch nicht. War absehbar.
Wenigstens ist der preis mit 0.25 akzeptabel.
Mal sehen was bei den explorationen rauskommt...
Antwort auf Beitrag Nr.: 46.701.165 von Kongo-Otto am 25.03.14 20:44:56Danke, sehe das auch positiv und glaube nach wie vor an eine Uebernahme...
Bei 0,02 haelt aber Jemand fett die Arme auf und nimmt, was verkauft wird...
Kilo Goldmines Announces Completion of $6.0 Million Private Placement
TORONTO, ONTARIO--(Marketwired - May 2, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to announce that it has completed its previously announced non-brokered private placement of equity units ("Units") raising gross proceeds of $6,000,000 (the "Offering"). The Units were offered and sold at a price of $0.25 per Unit with each Unit consisting of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company until May 2, 2019 at a price of $0.35 during the first two years and $0.50 for the next three years. All securities sold in the Offering, including any shares issued on exercise of the Warrants and finder's warrants, are subject to a four month hold period in Canada expiring on September 3, 2014 and such other hold periods in other jurisdictions applicable to the purchaser.
The Company plans to use the net proceeds from the Offering to fund further exploration and development of the Company's Somituri gold property in the Democratic Republic of Congo and for working capital and general corporate purposes.
Corona Gold Corporation ("Corona") (TSX:CRG), based in Toronto, Canada, acquired direct ownership of 11,200,000 Units under the Offering. Prior to the Offering, Corona directly owned 1,500,000 common shares and no other securities of the Company. Following the Offering, Corona now owns 12,700,000 common shares, representing approximately 22.4% of the number of common shares issued and outstanding, as well as Warrants to acquire up to a further 11,200,000 common shares of the Company. Assuming the exercise of all Warrants by Corona only and no other exercises, Corona would own up to approximately 35.2% of the number of common shares of the Company on a partially diluted basis.
As a result of the Offering, Corona has become a new "Control Person" of Kilo, as defined in the policies of the TSX Venture Exchange. Disinterested shareholder approval was required to be obtained by Kilo for the creation of such Control Person in accordance with the policies of the TSX Venture Exchange, and such approval was overwhelmingly received at a special meeting of shareholders held yesterday in Toronto.
Affiliates of Sprott Inc. ("Sprott") (TSX:SII) acquired ownership or control over 3,790,500 Units under the Offering. Prior to the Offering, Sprott owned or controlled through managed accounts and funds, a total of 4,041,850 common shares of the Company as well as warrants to acquire a further 3,715,500 common shares of the Company. Following the Offering, Sprott now owns or controls 7,832,350 common shares, representing approximately 13.8% of the issued and outstanding common shares, as well as warrants (including the Warrants acquired in the Offering) to acquire up to a further 7,406,000 common shares of the Company. Assuming the exercise of all warrants by Sprott only and no other exercises, Sprott would own up to approximately 23.8% of the number of common shares of the Company on a partially diluted basis.
Directors and officers of Kilo also acquired an aggregate of 420,000 Units under the Offering.
As a result of the participation in the Offering by the insiders noted above, the Offering was considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101") and TSX Venture Exchange policy 5.9 ("Policy 5.9"). The transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 and Policy 5.9 however, as neither the fair market value of the securities issued to insiders nor the cash consideration paid for such securities exceeded 25% of Kilo's market capitalization. The participants in the Offering and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the Offering at least 21 days prior to the completion date.
Dundee Capital Markets ("DCM") and affiliates of Sprott (collectively, the "Finders") acted as Finders in connection with the Offering and received cash finder's fees of $66,623, 740,880 Units in lieu of cash fees and 1,007,370 Finders' warrants, each exercisable to acquire one common share of the Company at a price of $0.25 until May 2, 2019. Affiliates of Sprott did not receive a finder's fee or finder warrants for Units sold under the Offering to accounts and funds managed by it or its affiliates.
TORONTO, ONTARIO--(Marketwired - May 2, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to announce that it has completed its previously announced non-brokered private placement of equity units ("Units") raising gross proceeds of $6,000,000 (the "Offering"). The Units were offered and sold at a price of $0.25 per Unit with each Unit consisting of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company until May 2, 2019 at a price of $0.35 during the first two years and $0.50 for the next three years. All securities sold in the Offering, including any shares issued on exercise of the Warrants and finder's warrants, are subject to a four month hold period in Canada expiring on September 3, 2014 and such other hold periods in other jurisdictions applicable to the purchaser.
The Company plans to use the net proceeds from the Offering to fund further exploration and development of the Company's Somituri gold property in the Democratic Republic of Congo and for working capital and general corporate purposes.
Corona Gold Corporation ("Corona") (TSX:CRG), based in Toronto, Canada, acquired direct ownership of 11,200,000 Units under the Offering. Prior to the Offering, Corona directly owned 1,500,000 common shares and no other securities of the Company. Following the Offering, Corona now owns 12,700,000 common shares, representing approximately 22.4% of the number of common shares issued and outstanding, as well as Warrants to acquire up to a further 11,200,000 common shares of the Company. Assuming the exercise of all Warrants by Corona only and no other exercises, Corona would own up to approximately 35.2% of the number of common shares of the Company on a partially diluted basis.
As a result of the Offering, Corona has become a new "Control Person" of Kilo, as defined in the policies of the TSX Venture Exchange. Disinterested shareholder approval was required to be obtained by Kilo for the creation of such Control Person in accordance with the policies of the TSX Venture Exchange, and such approval was overwhelmingly received at a special meeting of shareholders held yesterday in Toronto.
Affiliates of Sprott Inc. ("Sprott") (TSX:SII) acquired ownership or control over 3,790,500 Units under the Offering. Prior to the Offering, Sprott owned or controlled through managed accounts and funds, a total of 4,041,850 common shares of the Company as well as warrants to acquire a further 3,715,500 common shares of the Company. Following the Offering, Sprott now owns or controls 7,832,350 common shares, representing approximately 13.8% of the issued and outstanding common shares, as well as warrants (including the Warrants acquired in the Offering) to acquire up to a further 7,406,000 common shares of the Company. Assuming the exercise of all warrants by Sprott only and no other exercises, Sprott would own up to approximately 23.8% of the number of common shares of the Company on a partially diluted basis.
Directors and officers of Kilo also acquired an aggregate of 420,000 Units under the Offering.
As a result of the participation in the Offering by the insiders noted above, the Offering was considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101") and TSX Venture Exchange policy 5.9 ("Policy 5.9"). The transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 and Policy 5.9 however, as neither the fair market value of the securities issued to insiders nor the cash consideration paid for such securities exceeded 25% of Kilo's market capitalization. The participants in the Offering and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the Offering at least 21 days prior to the completion date.
Dundee Capital Markets ("DCM") and affiliates of Sprott (collectively, the "Finders") acted as Finders in connection with the Offering and received cash finder's fees of $66,623, 740,880 Units in lieu of cash fees and 1,007,370 Finders' warrants, each exercisable to acquire one common share of the Company at a price of $0.25 until May 2, 2019. Affiliates of Sprott did not receive a finder's fee or finder warrants for Units sold under the Offering to accounts and funds managed by it or its affiliates.
Corona Acquires Interest in Kilo Goldmines Ltd.
TORONTO, ONTARIO--(Marketwired - May 2, 2014) - Corona Gold Corporation ("Corona" or the "Company") (TSX:CRG) announces that it has purchased 11.2 million equity units ("Units") of Kilo Goldmines Ltd. ("Kilo") as part of a previously-announced private placement (the "Placement") that closed today. The price of each Unit was $0.25 and each Unit consists of one post-consolidated Kilo common share (a "Common Share") and one Kilo Common Share purchase warrant (a "Warrant"). Each Warrant entitles the Company to acquire one additional Common Share for five years at a price of $0.35 during the first two years and $0.50 for the next three years.
Prior to the private placement, Corona directly owned 1,500,000 Common Shares and no other securities of the Company. Following the Offering, Corona now owns 12,700,000 Common Shares, representing approximately 22.4% of the number of Common Shares issued and outstanding, as well as Warrants to acquire up to a further 11,200,000 Common Shares. Assuming the exercise of all Warrants by Corona only and no other exercises, Corona would own up to approximately 35.2% of the number of Common Shares on a partially diluted basis.
Kilo's principal asset is the Adumbi gold prospect in the Democratic Republic of the Congo.
Corona's participation in the Placement was for investment purposes and may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors, and in accordance with the provisions of applicable securities legislation.
Corona Gold Corporation
Murray John
(416) 482-8606
TORONTO, ONTARIO--(Marketwired - May 2, 2014) - Corona Gold Corporation ("Corona" or the "Company") (TSX:CRG) announces that it has purchased 11.2 million equity units ("Units") of Kilo Goldmines Ltd. ("Kilo") as part of a previously-announced private placement (the "Placement") that closed today. The price of each Unit was $0.25 and each Unit consists of one post-consolidated Kilo common share (a "Common Share") and one Kilo Common Share purchase warrant (a "Warrant"). Each Warrant entitles the Company to acquire one additional Common Share for five years at a price of $0.35 during the first two years and $0.50 for the next three years.
Prior to the private placement, Corona directly owned 1,500,000 Common Shares and no other securities of the Company. Following the Offering, Corona now owns 12,700,000 Common Shares, representing approximately 22.4% of the number of Common Shares issued and outstanding, as well as Warrants to acquire up to a further 11,200,000 Common Shares. Assuming the exercise of all Warrants by Corona only and no other exercises, Corona would own up to approximately 35.2% of the number of Common Shares on a partially diluted basis.
Kilo's principal asset is the Adumbi gold prospect in the Democratic Republic of the Congo.
Corona's participation in the Placement was for investment purposes and may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors, and in accordance with the provisions of applicable securities legislation.
Corona Gold Corporation
Murray John
(416) 482-8606
Nochmal Lesezeichen, Danke Dir...
Obs jetzt endlich losgeht??
Additional Targets Delineated on the Kilo - Randgold Joint Venture Project, DRC
TORONTO, ONTARIO--(Marketwired - July 28, 2014) - Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) is pleased to announce that Randgold Resources Limited ("RRL") has provided the following update on the 2 057 km² Kilo - Randgold joint venture ("JV") on the Ngayu and Isiro Archaean Greenstone Belts in Oriental Province, Democratic Republic of the Congo ("DRC").
Highlights
•Regional soil sampling and geological mapping over the priority areas of the Isiro
Belt is complete. All results have been received and 5 identified targets are highlighted.
•Infill soil sampling over the Yambenda target (Ngayu Belt) is complete and results confirm the 9.5 km x 200 m wide 50 ppb Au anomaly spatially associated with a ridge of banded iron formation.
•Trenching at Yambenda has commenced.
•Infill soil sampling at Mbese and Zimamoto (Ngayu Belt) has commenced in order to follow up on the Au-As association from the regional soil program.
Alex van Hoeken, President and CEO of Kilo, today stated:
"Our partner Randgold continues to methodically advance the exploration of the joint venture area, and it is very encouraging that, in addition to the previously identified targets in the Ngayu belt, the Isiro belt has also yielded areas of potential discovery thus enhancing the prospectivity of the entire joint venture area."
ISIRO BELT TARGETS
Regional soil sampling over the priority conceptual targets of the Isiro belt is complete, covering a total of 400 km2 (Figure 1). The soil samples (4841 in total) were taken from a 400 m x 200 m grid at ± 50 cm depth below the humus horizon. The samples were sun dried and sieved (-80#) at Isiro Camp before being sent to the SGS laboratory in Doko (Kibali) or Mwanza (in Tanzania). The samples were analysed by fire assay. Additional information including topography, grain size, colour, old/artisanal workings, farms, villages, roads, outcrop and regolith were recorded during sampling. In addition, 76 rock samples were taken with results from the SGS laboratory pending.
All soil sample results have been received, highlighting five identified targets described below in order of priority. Regional form line analysis, constructed at 1:25000 scale (Figure 1b), was completed to assess whether any of the anomalous areas coincide with structural discontinuities.
Logistical issues have thus far limited the amount of data gathered at the extreme east of the Isiro Belt.
Bodjo Target
Gold in soil results reveal a 4 km x 500 m WNW trending anomaly at 30 ppb including 1 km x 150m @ 100 ppb. A second anomaly to the east measures 2.2 km x 400 m @ 30 ppb. The anomalies overlie insitu material associated with a WNW trending topographic high transected by southerly flowing rivers. Several artisanal workers are panning the rivers for gold. A large laterite plateau lies to the north of the anomaly.
Mangabi Target
Gold in soil results reveal a 7.5 km x 500 m WNW trending anomaly at 30 ppb including a 1.5 km x 500 m 70 ppb anomaly. The anomaly is cut by southerly flowing drainages in the east, and north flowing rivers in the west. Although the western limit of this anomaly is suspected to be proximally transported, the highest values (530 ppb) within the anomaly overly a small hill. Numerous artisanal workers are panning for gold along the rivers.
Bamungo Target
Gold in soil results reveal a 4 km x 400 m WNW to NW trending 30 ppb anomaly including a 400 m x 400 m central zone with values greater than 100 ppb. The soil anomaly lies between two prominent hills and may represent proximally transported material.
Adjolia Target
Gold in soil results reveal a 3.8 km x 1.5 km apparent NS trending 30 ppb anomaly that crosscuts the stratigraphy and is possibly transported. Within the southern half of the 30 ppb anomaly a WNW trending zone with higher values of 80 - 130 ppb parallels a major thrust. This high-grade region is thought to be the source of the anomaly, as well as the center of the apparent NS trend.
Pande Target
Gold in soil results reveal that the Pande target is essentially two sub parallel NW trending
30 ppb anomalies. The anomalies crosscut the regional stratigraphy and do not appear to be related to the thrust package, as seen at the Adjolia target. The western anomaly measures 2.8 km x 400 m and is associated with a WNW trending package of banded iron formation ("BIF") and fine grained metasediments (siltstone), whilst the eastern anomaly of 4 km x 150 m traverses a major river (Nava River) and appears to be transported.
NGAYU BELT TARGETS
For details and reference of Figure 2 please refer to the press release of 3 February 2014.
KILO - RRL JV GEOLOGY
The JV property is underlain by Archaean rocks of the Ngayu and Isiro Greenstones Belts, as illustrated in Figures 1 and 3. The greenstone belts are comprised of Upper Kibalian metasedimentary rocks, BIF, mafic volcanics, and mafic to felsic intrusive rocks.
SOIL SAMPLING PROCEDURES
The regional soil samples were collected at a depth of approximately 50 cm, below the humus horizon, at 200 m intervals on lines 400 m apart. Sample sites were located by GPS and coordinates were recorded for each site. Approximately 2 kg of material present at the depth sampled was collected and placed into a plastic bag together with a pre-numbered sample tag and the bag was securely closed. Topographic, grain size, colour, old/artisanal workings, farms, villages, roads, outcrop and regolith data was recorded during sampling.
Sampling was carried out by up to seven sampling teams, each led by a Congolese geologist. Kilo provided logistical support as well as sampling teams comprised of technical and casual labour that reported to Randgold senior geologists.
QUALITY CONTROL AND ANALYTICAL PROCEDURES
Sample preparation consisted of sorting the samples into sequential numerical order, followed by drying (regional soil samples from the Ngayu Belt were dried at 90°C in the Adumbi kiln while the samples from Isiro were sundried), and sieving to -80 mesh (80 microns) Randgold delivered the sample pulps to the SGS Laboratory in Doko, DRC. Both SGS in Mwanza and Doko analyzed the samples using a 50 g charge by Fire Assay with Atomic Adsorption; SGS method, FA505.
Analytical quality control consisted of the insertion of commercial blank and standard reference material in every batch of samples submitted for analysis.
TORONTO, ONTARIO--(Marketwired - July 28, 2014) - Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) is pleased to announce that Randgold Resources Limited ("RRL") has provided the following update on the 2 057 km² Kilo - Randgold joint venture ("JV") on the Ngayu and Isiro Archaean Greenstone Belts in Oriental Province, Democratic Republic of the Congo ("DRC").
Highlights
•Regional soil sampling and geological mapping over the priority areas of the Isiro
Belt is complete. All results have been received and 5 identified targets are highlighted.
•Infill soil sampling over the Yambenda target (Ngayu Belt) is complete and results confirm the 9.5 km x 200 m wide 50 ppb Au anomaly spatially associated with a ridge of banded iron formation.
•Trenching at Yambenda has commenced.
•Infill soil sampling at Mbese and Zimamoto (Ngayu Belt) has commenced in order to follow up on the Au-As association from the regional soil program.
Alex van Hoeken, President and CEO of Kilo, today stated:
"Our partner Randgold continues to methodically advance the exploration of the joint venture area, and it is very encouraging that, in addition to the previously identified targets in the Ngayu belt, the Isiro belt has also yielded areas of potential discovery thus enhancing the prospectivity of the entire joint venture area."
ISIRO BELT TARGETS
Regional soil sampling over the priority conceptual targets of the Isiro belt is complete, covering a total of 400 km2 (Figure 1). The soil samples (4841 in total) were taken from a 400 m x 200 m grid at ± 50 cm depth below the humus horizon. The samples were sun dried and sieved (-80#) at Isiro Camp before being sent to the SGS laboratory in Doko (Kibali) or Mwanza (in Tanzania). The samples were analysed by fire assay. Additional information including topography, grain size, colour, old/artisanal workings, farms, villages, roads, outcrop and regolith were recorded during sampling. In addition, 76 rock samples were taken with results from the SGS laboratory pending.
All soil sample results have been received, highlighting five identified targets described below in order of priority. Regional form line analysis, constructed at 1:25000 scale (Figure 1b), was completed to assess whether any of the anomalous areas coincide with structural discontinuities.
Logistical issues have thus far limited the amount of data gathered at the extreme east of the Isiro Belt.
Bodjo Target
Gold in soil results reveal a 4 km x 500 m WNW trending anomaly at 30 ppb including 1 km x 150m @ 100 ppb. A second anomaly to the east measures 2.2 km x 400 m @ 30 ppb. The anomalies overlie insitu material associated with a WNW trending topographic high transected by southerly flowing rivers. Several artisanal workers are panning the rivers for gold. A large laterite plateau lies to the north of the anomaly.
Mangabi Target
Gold in soil results reveal a 7.5 km x 500 m WNW trending anomaly at 30 ppb including a 1.5 km x 500 m 70 ppb anomaly. The anomaly is cut by southerly flowing drainages in the east, and north flowing rivers in the west. Although the western limit of this anomaly is suspected to be proximally transported, the highest values (530 ppb) within the anomaly overly a small hill. Numerous artisanal workers are panning for gold along the rivers.
Bamungo Target
Gold in soil results reveal a 4 km x 400 m WNW to NW trending 30 ppb anomaly including a 400 m x 400 m central zone with values greater than 100 ppb. The soil anomaly lies between two prominent hills and may represent proximally transported material.
Adjolia Target
Gold in soil results reveal a 3.8 km x 1.5 km apparent NS trending 30 ppb anomaly that crosscuts the stratigraphy and is possibly transported. Within the southern half of the 30 ppb anomaly a WNW trending zone with higher values of 80 - 130 ppb parallels a major thrust. This high-grade region is thought to be the source of the anomaly, as well as the center of the apparent NS trend.
Pande Target
Gold in soil results reveal that the Pande target is essentially two sub parallel NW trending
30 ppb anomalies. The anomalies crosscut the regional stratigraphy and do not appear to be related to the thrust package, as seen at the Adjolia target. The western anomaly measures 2.8 km x 400 m and is associated with a WNW trending package of banded iron formation ("BIF") and fine grained metasediments (siltstone), whilst the eastern anomaly of 4 km x 150 m traverses a major river (Nava River) and appears to be transported.
NGAYU BELT TARGETS
For details and reference of Figure 2 please refer to the press release of 3 February 2014.
KILO - RRL JV GEOLOGY
The JV property is underlain by Archaean rocks of the Ngayu and Isiro Greenstones Belts, as illustrated in Figures 1 and 3. The greenstone belts are comprised of Upper Kibalian metasedimentary rocks, BIF, mafic volcanics, and mafic to felsic intrusive rocks.
SOIL SAMPLING PROCEDURES
The regional soil samples were collected at a depth of approximately 50 cm, below the humus horizon, at 200 m intervals on lines 400 m apart. Sample sites were located by GPS and coordinates were recorded for each site. Approximately 2 kg of material present at the depth sampled was collected and placed into a plastic bag together with a pre-numbered sample tag and the bag was securely closed. Topographic, grain size, colour, old/artisanal workings, farms, villages, roads, outcrop and regolith data was recorded during sampling.
Sampling was carried out by up to seven sampling teams, each led by a Congolese geologist. Kilo provided logistical support as well as sampling teams comprised of technical and casual labour that reported to Randgold senior geologists.
QUALITY CONTROL AND ANALYTICAL PROCEDURES
Sample preparation consisted of sorting the samples into sequential numerical order, followed by drying (regional soil samples from the Ngayu Belt were dried at 90°C in the Adumbi kiln while the samples from Isiro were sundried), and sieving to -80 mesh (80 microns) Randgold delivered the sample pulps to the SGS Laboratory in Doko, DRC. Both SGS in Mwanza and Doko analyzed the samples using a 50 g charge by Fire Assay with Atomic Adsorption; SGS method, FA505.
Analytical quality control consisted of the insertion of commercial blank and standard reference material in every batch of samples submitted for analysis.
Lesezeichen...
Was ist den heute los? Fast 4 Mio. Umsatz hier ist nicht gerade ueblich...
Auch wenn Keiner mehr investiert ist:
Kilo Goldmines Ltd. Registered Shares o.N. Frankfurt 0,064 EUR +39,13%
Kilo Goldmines Ltd. Registered Shares o.N. Frankfurt 0,064 EUR +39,13%
,
Kilo Goldmines Announces Exploration Update and Grant of Stock Options
TORONTO, ONTARIO--(Marketwired - June 3, 2015) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") is pleased to provide an update on its exploration activities on its Imbo licence (PE9691) within the Ngayu Greenstone Belt.
HIGHLIGHTS
•Identification of three prospective drill ready targets totalling 5.1 kilometers of strike
•Recommended drill programme of 88 holes for a total of approximately 9,000 m. The previously announced drilling for March 2015 has been held over pending finalisation of the data review and is subject to financing to complete the full programme.
•Stream sediment sampling programme now 75% complete, with balance of samples to be collected by mid-June
OTHER ACTIVITIES
•Completion of review of all historic data including core relogging and plotting of cross sections, long sections and plans
•Surface mapping of known targets and extensions
•Mapping and sampling of artisanal workings
•IP (induced polarisation) surveys
•Selected test pitting
EXPLORATION ACTIVITIES
A comprehensive property scale understanding of the geology and the controls of mineralization within the Imbo license, PE 9691 has been gained from the year-long review of all historical drilling, Adumbi underground structural mapping, geochemical and geophysical data. In addition to the review of the historical data, exploration has been conducted over known targets that includes, surface mapping along 50 m spaced lines over known prospects and their extensions, mapping and sampling of known artisanal workings, a stream sediment sampling program to the west of the Imbo river, a detailed cartographic survey of all historical and artisanal workings, induced polarization ("IP") surveys (using both pole-dipole and gradient arrays), and selected pitting programs to gain an understanding of the regolith profile. This has resulted in the identification of three prospective targets, Adumbi West, Adumbi South and the Kitenge Extension ("KT Zone") (Figure 1). These targets have a total strike length of approximately 5.1 km and are ready to be drill tested.
The review has included detailed re-logging of all drill hole core, and the plotting of data on cross sections, long sections and plans at a scale of 1:500. This work is now complete for all drilled prospects (i.e. Adumbi, Kitenge, Manzako, Senegal, Vatican, Mondarabe and Lion) and represents a total of 34,660 m in 153 drill holes. The work has enabled a more in depth analysis of lithological and structural controls on mineralization, focussing on the delineation of high grade zones. At Adumbi, this is being assessed in conjunction with previously completed detailed underground mapping with the objective of defining additional down-plunge drill targets. Wireframe modelling of mineralization and structural features is being re-evaluated accordingly and is on-going. Systematic bulk density determinations were completed on core from all Adumbi drill holes. Measurements were taken at 1 m intervals within the mineralized zones, and at 2 m intervals in unmineralized rock, resulting in a total of 5,360 readings all of which passed the company's QC criteria. Reliable density data is now available for resource calculations for the oxide zone (1,384 measurements), transition zone (826 measurements) and sulphide zone (3,150 measurements). Bulk density determinations have also been completed on selected Kitenge drill core.
A pole-dipole Induced Polarization (IP) geophysical survey has been completed over the Adumbi West target, with the objective of defining zones of mineralization for drill testing. Pole-Dipole IP surveys have also been carried out to more closely define the northwestern and southeastern extensions of the Adumbi mineralized trend, outside the current area of drilling. Additional IP lines have been completed in the areas of the Kitenge, Manzako, Senegal, Vatican and Lion prospects, with a view to identifying the mineralized zones, and better interpreting the structural framework and mineralization controls.
In view of the very poor exposure in the licence area, test pitting at 80 m intervals has been carried out on selected IP lines. A total of 52 pits have been dug to the saprolite horizon, in order to provide lithological and structural information to assist in the IP interpretation. The nature of the overburden has also been logged in detail, with the main objective of distinguishing areas of residual and transported material, and better interpreting the soil geochemistry data.
A study was made of the multi-element data for the previously completed soil sampling survey, with the main objective of determining whether areas of transported and residual soil can be distinguished geochemically. It was found that: (a) the residual soils overlying the metasedimentary and metavolcanic terrains have very distinct geochemical characteristics, and (b) areas interpreted from airborne radiometrics and pitting to be covered by transported overburden, have elemental abundances indicating mixing of metasedimentary and metavolcanic components.
A detailed stream sediment sampling program over the whole of the Imbo licence has commenced, with the objective of identifying and prioritising new targets outside the known areas of mineralization. A total of 166 sampling sites have been selected using satellite imagery, to test drainage catchments with an average area of 0.75 km2. All sampling to the west of the Imbo River (75 sites) has been completed, and analytical results are awaited.
Adumbi West Target
The Adumbi West target lies to the west of the Adumbi prospect and is believed to be the faulted extension of Adumbi. This target occurs in a topographical low and for the most part is covered by transported material varying in depth from 30 cm to >3 m. The target is defined by a 1.7 km long linear magnetic anomaly and a coincident and linear gold-in-soil anomaly with values of 50 ppb - 1,000 ppb. This magnetic feature is similar to that which defines the banded ironstone formation ("BIF") at the Adumbi gold prospect hosting 19.11 Mt at 2.2g/t Au for 1.362 Moz. All soil samples were collected at a depth of 1 m below the surface and for the most part were taken in transported material. The fact that the gold-in-soil anomaly is linear and coincident with an underlying, but offset, magnetic feature gives confidence that the source of the gold-in-soil anomaly is in the underlying bedrock, rather than in the transported overburden. Detailed mapping over the Adumbi West target has revealed BIF float that is believed to be the source of the strong magnetic feature, similar to Adumbi.
Adumbi South Target
The Adumbi South target lies 480m to the south the Adumbi prospect. This target is defined by a 1.4 km long magnetic anomaly that appears to be demagnetized in places, and a >200 ppb gold-in-soil anomaly. This target has similar geomorphological features to that of Adumbi West in that it occurs in a topographical low, variably covered by transported soil with little to no lithological exposure.
The tenor of the gold-in-soil anomaly and the associated magnetic feature at Adumbi South is very similar to that associated with the Canal zone, which is thought to be the southeastern extension of the Adumbi mineralization. The previously announced Kilo drill intersections of Canal mineralization include:
•SCDD0001 - 12.55 m @ 7.70 g/t Au
•SCDD0004 - 6.45 m @ 4.21 g/t Au
•SADD0006 - 11.35 m 3.45 g/t Au
Kitenge Extension (KT) Target
The KT Zone lies to south and northwest of the Kitenge prospect that was drilled in 2013, and is defined by an approximately 2 km long magnetic feature with a coincident gold-in-soil anomaly with values from 50 ppb to 450 ppb. The magnetic feature has similar characteristics to that at the Canal and Adumbi South targets. Geomorphologically this target is similar to both the Adumbi West and South targets.
A gradient array IP survey is currently being conducted over this target in order to better assess the lithologies, structures and mineralization causing the magnetic and gold-in-soil anomalies.
CURRENT AND NEXT PHASE PROGRAM
Stream sediment samples from west of the Imbo River have been despatched for analysis, and sampling to the east is in progress to complete the program. Further IP surveys are in progress, and upon completion activities will be curtailed to consolidate the results and to finalise planning for the next phase of exploration. Subject to budgetary constraints, this is likely to include:
•Drilling of both Adumbi West and South targets on 160 m line spacing with each drill hole drilled to an approximate depth of 100 m, entailing 58 drill holes for 6,128 m.
•Drilling of Kitenge extension on a line spacing of 320 m, entailing 30 drill holes for a total of 3,000 m.
GRANT OF STOCK OPTIONS
•The Company announces that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 400,000 common shares to an officer and a consultant under the Employee Stock Option Plan. Each option is exercisable for a five year period to acquire one common share at a price of $0.08 per share. Options granted to an officer vest as to 100% immediately, and options granted to a consultant vest subject to performance criteria.
About Kilo
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some 3,000 km2 of favourable Archaen Kabalian Greenstones (the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region.
Incorporated within these licences is:
•the Somituri Project (71.25% owned by KGL), comprising eight non-contiguous licences (606 km2) held by KGL-Somituri SARL; and
•the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
Additionally:
•KGL has retained the rights to explore for and develop any iron ore resources (or other minerals) associated with the licences held by KGL Isiro SARL.
•KGL has a minority interest in the Hajigak iron ore project in Afghanistan.
Kilo Goldmines Announces Exploration Update and Grant of Stock Options
TORONTO, ONTARIO--(Marketwired - June 3, 2015) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") is pleased to provide an update on its exploration activities on its Imbo licence (PE9691) within the Ngayu Greenstone Belt.
HIGHLIGHTS
•Identification of three prospective drill ready targets totalling 5.1 kilometers of strike
•Recommended drill programme of 88 holes for a total of approximately 9,000 m. The previously announced drilling for March 2015 has been held over pending finalisation of the data review and is subject to financing to complete the full programme.
•Stream sediment sampling programme now 75% complete, with balance of samples to be collected by mid-June
OTHER ACTIVITIES
•Completion of review of all historic data including core relogging and plotting of cross sections, long sections and plans
•Surface mapping of known targets and extensions
•Mapping and sampling of artisanal workings
•IP (induced polarisation) surveys
•Selected test pitting
EXPLORATION ACTIVITIES
A comprehensive property scale understanding of the geology and the controls of mineralization within the Imbo license, PE 9691 has been gained from the year-long review of all historical drilling, Adumbi underground structural mapping, geochemical and geophysical data. In addition to the review of the historical data, exploration has been conducted over known targets that includes, surface mapping along 50 m spaced lines over known prospects and their extensions, mapping and sampling of known artisanal workings, a stream sediment sampling program to the west of the Imbo river, a detailed cartographic survey of all historical and artisanal workings, induced polarization ("IP") surveys (using both pole-dipole and gradient arrays), and selected pitting programs to gain an understanding of the regolith profile. This has resulted in the identification of three prospective targets, Adumbi West, Adumbi South and the Kitenge Extension ("KT Zone") (Figure 1). These targets have a total strike length of approximately 5.1 km and are ready to be drill tested.
The review has included detailed re-logging of all drill hole core, and the plotting of data on cross sections, long sections and plans at a scale of 1:500. This work is now complete for all drilled prospects (i.e. Adumbi, Kitenge, Manzako, Senegal, Vatican, Mondarabe and Lion) and represents a total of 34,660 m in 153 drill holes. The work has enabled a more in depth analysis of lithological and structural controls on mineralization, focussing on the delineation of high grade zones. At Adumbi, this is being assessed in conjunction with previously completed detailed underground mapping with the objective of defining additional down-plunge drill targets. Wireframe modelling of mineralization and structural features is being re-evaluated accordingly and is on-going. Systematic bulk density determinations were completed on core from all Adumbi drill holes. Measurements were taken at 1 m intervals within the mineralized zones, and at 2 m intervals in unmineralized rock, resulting in a total of 5,360 readings all of which passed the company's QC criteria. Reliable density data is now available for resource calculations for the oxide zone (1,384 measurements), transition zone (826 measurements) and sulphide zone (3,150 measurements). Bulk density determinations have also been completed on selected Kitenge drill core.
A pole-dipole Induced Polarization (IP) geophysical survey has been completed over the Adumbi West target, with the objective of defining zones of mineralization for drill testing. Pole-Dipole IP surveys have also been carried out to more closely define the northwestern and southeastern extensions of the Adumbi mineralized trend, outside the current area of drilling. Additional IP lines have been completed in the areas of the Kitenge, Manzako, Senegal, Vatican and Lion prospects, with a view to identifying the mineralized zones, and better interpreting the structural framework and mineralization controls.
In view of the very poor exposure in the licence area, test pitting at 80 m intervals has been carried out on selected IP lines. A total of 52 pits have been dug to the saprolite horizon, in order to provide lithological and structural information to assist in the IP interpretation. The nature of the overburden has also been logged in detail, with the main objective of distinguishing areas of residual and transported material, and better interpreting the soil geochemistry data.
A study was made of the multi-element data for the previously completed soil sampling survey, with the main objective of determining whether areas of transported and residual soil can be distinguished geochemically. It was found that: (a) the residual soils overlying the metasedimentary and metavolcanic terrains have very distinct geochemical characteristics, and (b) areas interpreted from airborne radiometrics and pitting to be covered by transported overburden, have elemental abundances indicating mixing of metasedimentary and metavolcanic components.
A detailed stream sediment sampling program over the whole of the Imbo licence has commenced, with the objective of identifying and prioritising new targets outside the known areas of mineralization. A total of 166 sampling sites have been selected using satellite imagery, to test drainage catchments with an average area of 0.75 km2. All sampling to the west of the Imbo River (75 sites) has been completed, and analytical results are awaited.
Adumbi West Target
The Adumbi West target lies to the west of the Adumbi prospect and is believed to be the faulted extension of Adumbi. This target occurs in a topographical low and for the most part is covered by transported material varying in depth from 30 cm to >3 m. The target is defined by a 1.7 km long linear magnetic anomaly and a coincident and linear gold-in-soil anomaly with values of 50 ppb - 1,000 ppb. This magnetic feature is similar to that which defines the banded ironstone formation ("BIF") at the Adumbi gold prospect hosting 19.11 Mt at 2.2g/t Au for 1.362 Moz. All soil samples were collected at a depth of 1 m below the surface and for the most part were taken in transported material. The fact that the gold-in-soil anomaly is linear and coincident with an underlying, but offset, magnetic feature gives confidence that the source of the gold-in-soil anomaly is in the underlying bedrock, rather than in the transported overburden. Detailed mapping over the Adumbi West target has revealed BIF float that is believed to be the source of the strong magnetic feature, similar to Adumbi.
Adumbi South Target
The Adumbi South target lies 480m to the south the Adumbi prospect. This target is defined by a 1.4 km long magnetic anomaly that appears to be demagnetized in places, and a >200 ppb gold-in-soil anomaly. This target has similar geomorphological features to that of Adumbi West in that it occurs in a topographical low, variably covered by transported soil with little to no lithological exposure.
The tenor of the gold-in-soil anomaly and the associated magnetic feature at Adumbi South is very similar to that associated with the Canal zone, which is thought to be the southeastern extension of the Adumbi mineralization. The previously announced Kilo drill intersections of Canal mineralization include:
•SCDD0001 - 12.55 m @ 7.70 g/t Au
•SCDD0004 - 6.45 m @ 4.21 g/t Au
•SADD0006 - 11.35 m 3.45 g/t Au
Kitenge Extension (KT) Target
The KT Zone lies to south and northwest of the Kitenge prospect that was drilled in 2013, and is defined by an approximately 2 km long magnetic feature with a coincident gold-in-soil anomaly with values from 50 ppb to 450 ppb. The magnetic feature has similar characteristics to that at the Canal and Adumbi South targets. Geomorphologically this target is similar to both the Adumbi West and South targets.
A gradient array IP survey is currently being conducted over this target in order to better assess the lithologies, structures and mineralization causing the magnetic and gold-in-soil anomalies.
CURRENT AND NEXT PHASE PROGRAM
Stream sediment samples from west of the Imbo River have been despatched for analysis, and sampling to the east is in progress to complete the program. Further IP surveys are in progress, and upon completion activities will be curtailed to consolidate the results and to finalise planning for the next phase of exploration. Subject to budgetary constraints, this is likely to include:
•Drilling of both Adumbi West and South targets on 160 m line spacing with each drill hole drilled to an approximate depth of 100 m, entailing 58 drill holes for 6,128 m.
•Drilling of Kitenge extension on a line spacing of 320 m, entailing 30 drill holes for a total of 3,000 m.
GRANT OF STOCK OPTIONS
•The Company announces that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 400,000 common shares to an officer and a consultant under the Employee Stock Option Plan. Each option is exercisable for a five year period to acquire one common share at a price of $0.08 per share. Options granted to an officer vest as to 100% immediately, and options granted to a consultant vest subject to performance criteria.
About Kilo
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some 3,000 km2 of favourable Archaen Kabalian Greenstones (the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region.
Incorporated within these licences is:
•the Somituri Project (71.25% owned by KGL), comprising eight non-contiguous licences (606 km2) held by KGL-Somituri SARL; and
•the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
Additionally:
•KGL has retained the rights to explore for and develop any iron ore resources (or other minerals) associated with the licences held by KGL Isiro SARL.
•KGL has a minority interest in the Hajigak iron ore project in Afghanistan.
Sooo ausgebombt, was meint Ihr??
Weiss Jemand, wer das ist?
Danke.
Sep 1/15 Aug 28/15 John, William Murray Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report 550,000 - See more at: https://www.canadianinsider.com/company?menu_tickersearch=kg…
Danke.
Sep 1/15 Aug 28/15 John, William Murray Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report 550,000 - See more at: https://www.canadianinsider.com/company?menu_tickersearch=kg…
Kilo Goldmines Announces Results of Stream Sediment Sampling Showing a 7km Mineralised Extension and Cancellation of Stock Options
TORONTO, ONTARIO--(Marketwired - Sept. 23, 2015) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") is pleased to report the results of a BLEG (Bulk Leach Extractable Gold) stream sediment sampling program on its Imbo licence (PE9691) within the Ngayu Greenstone Belt.
HIGHLIGHTS
•BLEG sampling in the eastern half of the Imbo licence area, previously unexplored by Kilo, indicates a south-eastward extension of the Adumbi-Kitenge-Manzako mineralized trend over a strike of 7 km. The presence of gold mineralization is supported by rock chip sampling with values up to 15.1 g/t Au
•Three stream catchments with anomalous gold and arsenic values, occur outside the area of known mineralization in the western part of the licence.
BLEG SAMPLING PROGRAM
Drainage catchments in the Imbo licence were defined using a 5 m colour elevation image and hydrography vector map produced from Landsat data by Photosat in Toronto. In addition, a 2 m topographic contour map, also generated by Photosat, was used where necessary. A total of 166 drainage catchments were defined with a total area of 113 km2, resulting in an average catchment size of 0.68 km2.
At each sampling site, 3 kg of the finest-grained sediment (mud) was collected from the top of the steam bed. A duplicate sample was taken at every fifth site for quality control purposes. The samples were thoroughly dried at the Adumbi base camp, and 1.1 kg of each sample sent to ALS Minerals in Ireland for analysis. Gold was analysed by cyanide leach bottle roll on 1 kg of sample. Arsenic, and a suite of 51 other elements, were determined by aqua regia digestion of 0.5 g of sample followed by ICP-MS and ICP-AES.
QUALITY CONTROL
Analytical quality was assessed by means of randomly inserted standard reference materials and blanks, all of which passed the Company's QC criteria. Sample representivity was assessed by comparing analyses of the original samples and 33 field duplicates; good correlations were obtained (Figure 1) indicating that the sampling technique produced reliable, representative samples with a low nugget effect.
ANALYTICAL RESULTS
BLEG results for gold and arsenic are shown in Figures 2 and 3 respectively, and Figure 4 presents the results of mapping and rock chip sampling to the east of the Imbo River. The following observations can be made:
•There is a close spatial relationship between catchments with higher gold and arsenic values and the known mineralization at the Adumbi, Kitenge, Manzako and Vatican prospects. It is probable that mining during colonial times, followed by intense artisanal activity over several decades, has increased the amount of gold released into the associated drainages.
•To the west of the Imbo River, anomalous values of 108 ppb Au (346 ppm As), 62 ppb Au (790 ppm As), and 324 ppb Au (234 ppm As) were returned for catchments 13, 21 and 48 respectively. These catchments are not covered by the current soil sampling grid, and warrant further investigation.
•To the east of the Imbo River (an area not previously explored on the ground by Kilo) the Au and As data indicate a south-eastern extension of the Adumbi/Kitenge/Manzako mineralized zone, over a strike of about 7 km. Anomalous values in this area range up to 719 ppb Au and 140 ppb As, the highest values occurring in the Esio area where several colonial adits are located (Figure 4).
•Rock chip samples, taken in the Esio area during the BLEG survey, assayed up to 15.1 g/t Au for quartz veins, 7.91 g/t Au for the host quartz-carbonate schist, and 6.39 g/t for altered banded iron formation (BIF) float.
PLANNED FOLLOW-UP WORK
The catchments with anomalous gold values described above will be further investigated, with priority given to the extension of the Adumbi-Kitenge-Manzako zone to the east of the Imbo River (Figures 2, 3 and 4). This work will have the objective of defining targets for drilling, and will initially comprise soil sampling on 160 m-spaced lines, mechanical auger drilling and trenching.
CANCELLATION OF STOCK OPTIONS
Kilo has cancelled 743,750 stock options previously granted to directors, management and consultants under the Employee Stock Option Plan. The cancelled options had expiry dates of July 7, 2016 or June 19, 2018 at exercise prices of $2.00 and $1.20 respectively.
About Kilo
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some 3000 km2 of favourable Archaen Kabalian Greenstones (the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region.
Incorporated within these licences is:
- the Somituri Project (71.25% owned by KGL), comprising six non-contiguous licences (606 km2) held by KGL-Somituri SARL; and
- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
Additionally:
- KGL has retained the rights to explore for and develop any iron ore resources (or other minerals) associated with the licences held by KGL Isiro SARL.
TORONTO, ONTARIO--(Marketwired - Sept. 23, 2015) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") is pleased to report the results of a BLEG (Bulk Leach Extractable Gold) stream sediment sampling program on its Imbo licence (PE9691) within the Ngayu Greenstone Belt.
HIGHLIGHTS
•BLEG sampling in the eastern half of the Imbo licence area, previously unexplored by Kilo, indicates a south-eastward extension of the Adumbi-Kitenge-Manzako mineralized trend over a strike of 7 km. The presence of gold mineralization is supported by rock chip sampling with values up to 15.1 g/t Au
•Three stream catchments with anomalous gold and arsenic values, occur outside the area of known mineralization in the western part of the licence.
BLEG SAMPLING PROGRAM
Drainage catchments in the Imbo licence were defined using a 5 m colour elevation image and hydrography vector map produced from Landsat data by Photosat in Toronto. In addition, a 2 m topographic contour map, also generated by Photosat, was used where necessary. A total of 166 drainage catchments were defined with a total area of 113 km2, resulting in an average catchment size of 0.68 km2.
At each sampling site, 3 kg of the finest-grained sediment (mud) was collected from the top of the steam bed. A duplicate sample was taken at every fifth site for quality control purposes. The samples were thoroughly dried at the Adumbi base camp, and 1.1 kg of each sample sent to ALS Minerals in Ireland for analysis. Gold was analysed by cyanide leach bottle roll on 1 kg of sample. Arsenic, and a suite of 51 other elements, were determined by aqua regia digestion of 0.5 g of sample followed by ICP-MS and ICP-AES.
QUALITY CONTROL
Analytical quality was assessed by means of randomly inserted standard reference materials and blanks, all of which passed the Company's QC criteria. Sample representivity was assessed by comparing analyses of the original samples and 33 field duplicates; good correlations were obtained (Figure 1) indicating that the sampling technique produced reliable, representative samples with a low nugget effect.
ANALYTICAL RESULTS
BLEG results for gold and arsenic are shown in Figures 2 and 3 respectively, and Figure 4 presents the results of mapping and rock chip sampling to the east of the Imbo River. The following observations can be made:
•There is a close spatial relationship between catchments with higher gold and arsenic values and the known mineralization at the Adumbi, Kitenge, Manzako and Vatican prospects. It is probable that mining during colonial times, followed by intense artisanal activity over several decades, has increased the amount of gold released into the associated drainages.
•To the west of the Imbo River, anomalous values of 108 ppb Au (346 ppm As), 62 ppb Au (790 ppm As), and 324 ppb Au (234 ppm As) were returned for catchments 13, 21 and 48 respectively. These catchments are not covered by the current soil sampling grid, and warrant further investigation.
•To the east of the Imbo River (an area not previously explored on the ground by Kilo) the Au and As data indicate a south-eastern extension of the Adumbi/Kitenge/Manzako mineralized zone, over a strike of about 7 km. Anomalous values in this area range up to 719 ppb Au and 140 ppb As, the highest values occurring in the Esio area where several colonial adits are located (Figure 4).
•Rock chip samples, taken in the Esio area during the BLEG survey, assayed up to 15.1 g/t Au for quartz veins, 7.91 g/t Au for the host quartz-carbonate schist, and 6.39 g/t for altered banded iron formation (BIF) float.
PLANNED FOLLOW-UP WORK
The catchments with anomalous gold values described above will be further investigated, with priority given to the extension of the Adumbi-Kitenge-Manzako zone to the east of the Imbo River (Figures 2, 3 and 4). This work will have the objective of defining targets for drilling, and will initially comprise soil sampling on 160 m-spaced lines, mechanical auger drilling and trenching.
CANCELLATION OF STOCK OPTIONS
Kilo has cancelled 743,750 stock options previously granted to directors, management and consultants under the Employee Stock Option Plan. The cancelled options had expiry dates of July 7, 2016 or June 19, 2018 at exercise prices of $2.00 and $1.20 respectively.
About Kilo
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some 3000 km2 of favourable Archaen Kabalian Greenstones (the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region.
Incorporated within these licences is:
- the Somituri Project (71.25% owned by KGL), comprising six non-contiguous licences (606 km2) held by KGL-Somituri SARL; and
- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
Additionally:
- KGL has retained the rights to explore for and develop any iron ore resources (or other minerals) associated with the licences held by KGL Isiro SARL.
Antwort auf Beitrag Nr.: 50.769.864 von ooy am 04.10.15 10:13:06Meinungen dazu? Der Kurs ist nach wie vor schlimm.
Es scheint loszugehen...
Krass:
BID
Orders
Volume
Price Range
43 1,534,000 0.03000-0.05000
ASK
Price Range
Volume
Orders
0.06000-7.00000 324,000 11
BID
Orders
Volume
Price Range
43 1,534,000 0.03000-0.05000
ASK
Price Range
Volume
Orders
0.06000-7.00000 324,000 11
Geht doch...
Kilo Goldmines Announces Proposed Non-Brokered Private Placement
TORONTO, ONTARIO--(Marketwired - Nov. 19, 2015) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kilo Goldmines Ltd. (TSX VENTURE:KGL) (FRANKFURT:02K) ("Kilo" or the "Company") announced today that it intends to proceed with a non-brokered private placement of equity units ("Units") to raise gross proceeds of C$2,002,000, to a maximum of C$3,003,000, (the "Offering"). The Units will be offered at a price of C$ 0.07 per Unit and each Unit will consist of one common share and one non-transferable common share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to acquire one additional common share of the Company for two years at a price of C$ 0.095. Kilo has been advised that a fund managed by one of the Sprott Group of Companies intends to subscribe for Units in the Offering.
The Company will use the net proceeds from the offering for working capital and general corporate purposes, and to maintain its Somituri gold property in the Democratic Republic of Congo.
The Company will pay finder's fees to registered dealers in connection with the Offering of 7.0% in cash and 5.0% in finders' warrants, each finder's warrant exercisable to acquire one common share of the Company at a price of C$ 0.07 per share for two years.
Insiders of the Company may subscribe for up to 75% of the Offering.
The private placement is subject to all necessary regulatory approvals, including approval of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four month restricted resale period.
TORONTO, ONTARIO--(Marketwired - Nov. 19, 2015) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kilo Goldmines Ltd. (TSX VENTURE:KGL) (FRANKFURT:02K) ("Kilo" or the "Company") announced today that it intends to proceed with a non-brokered private placement of equity units ("Units") to raise gross proceeds of C$2,002,000, to a maximum of C$3,003,000, (the "Offering"). The Units will be offered at a price of C$ 0.07 per Unit and each Unit will consist of one common share and one non-transferable common share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to acquire one additional common share of the Company for two years at a price of C$ 0.095. Kilo has been advised that a fund managed by one of the Sprott Group of Companies intends to subscribe for Units in the Offering.
The Company will use the net proceeds from the offering for working capital and general corporate purposes, and to maintain its Somituri gold property in the Democratic Republic of Congo.
The Company will pay finder's fees to registered dealers in connection with the Offering of 7.0% in cash and 5.0% in finders' warrants, each finder's warrant exercisable to acquire one common share of the Company at a price of C$ 0.07 per share for two years.
Insiders of the Company may subscribe for up to 75% of the Offering.
The private placement is subject to all necessary regulatory approvals, including approval of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four month restricted resale period.
KGL 0.105 +0.045 +75.00% 0.070 0.105 0.065 0.105 0.065 0.060 98,400
Kilo Goldmines and Randgold Resources Announce Signing of Joint Venture Agreement on Kilo's Somituri Properties in DRC
TORONTO, ONTARIO--(Marketwired - Jan. 19, 2016) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) and Randgold Resources (DRC) Limited ("Randgold") are pleased to announce that they have signed a definitive agreement for a joint venture ("JV") on Kilo Goldmines' Somituri licences located in Democratic Republic of Congo ("DRC").
The purpose of the JV is to conduct exploration on the licenced properties to evaluate possible development and mining of the licences, and to operate future mines thereon, if appropriate. Randgold will obtain incremental ownership through financing of exploration, based on milestone events, commencing with establishment of a pre-feasibility study. Randgold will manage exploration activities, and a joint venture committee with representation from both parties will direct the project.
Randgold will manage and fund all exploration of the permit areas until the completion of a pre-feasibility study. Once the Joint Venture has determined to move ahead with a full feasibility study, a special purpose vehicle ("SPV") would be created to hold the specific discovery areas. Subject to the DRC's carried interest, Randgold would retain 65% of the SPV with KGL's DRC 71.25% subsidiary, KGL-Somituri SARL, holding the balance of 35%. Randgold can earn an additional 5% on completion of a bankable feasibility study should KGL choose not to co-fund the feasibility study. KGL will be required, from the completion of a feasibility study, to fund its pro-rata share of the SPV in order to maintain its interest or be diluted.
The agreement is subject to due diligence by Randgold and any necessary regulatory and shareholder approvals.
Six Permis d'Exploitation ("PE"), or Exploitation Licences, comprise the Randgold/KGL JV, namely PE 137, PE 138, PE 140, PE 9691, PE 9692, and PE 9695, totalling 361km². These licences cover prospective Archaen (Kibalian) terrain within the Ngayu greenstone belt in the North-East DRC. To date KGL has conducted exploration on PE 9691 and has established an estimated NI 43-101 Inferred Mineral Resource of 20.78 Mt at a grade of 2.5 g/t Au for 1.675 million ounces of gold. The licenses have numerous gold occurrences.
David Netherway, Chairman of Kilo Goldmines, commented:
"Kilo Goldmines is very pleased to continue our partnership with Randgold, which commenced in 2012 with entry into a joint venture on the Isiro licenses in the DRC. We look forward to continuing this cordial relationship on the Somituri licenses."
Mark Bristow, CEO of Randgold commented:
"This agreement, along with our other JVs in the area which include the existing JV with KGL on the Isiro properties, brings our landholding in the Ngayu belt to over 3 300km². Furthermore, this agreement highlights Randgold's commitment to greenfields exploration and our long term strategy in North East DRC. Randgold explores for world-class gold deposits with the potential to deliver 3Moz with a 20% IRR at a US$1 000/oz gold price. We believe North East DRC is one of the few areas in Africa where this potential remains unexplored."
QUALIFIED PERSON
Howard Fall, B.Sc., PhD, MAusIMM, QP (Geo) is the 'qualified person' (as such term is defined under National Instrument 43-101) of Kilo and has reviewed the scientific and technical information contained in this release.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 square kilometres of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Kilo currently has two projects:
•the Somituri project comprising six contiguous licences covering 361km2
•the Isiro project, comprising twelve licences covering 2056 km2
Further information on the projects may be found on the Company's website, www.kilogoldmines.com
About Randgold
Randgold operates five gold mines: Morila, Loulo, and Gounkoto in Mali, Tongon in Côte d'Ivoire and Kibali in DRC. The Massawa project in Senegal is at feasibility stage and exploration programmes are underway in Côte d'Ivoire, DRC, Mali, and Senegal.
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.
Philip Gibbs
Interim CEO
+1 416 360 3406
philip.gibbs@kilogoldmines.com
www.kilogoldmines.com
TORONTO, ONTARIO--(Marketwired - Jan. 19, 2016) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) and Randgold Resources (DRC) Limited ("Randgold") are pleased to announce that they have signed a definitive agreement for a joint venture ("JV") on Kilo Goldmines' Somituri licences located in Democratic Republic of Congo ("DRC").
The purpose of the JV is to conduct exploration on the licenced properties to evaluate possible development and mining of the licences, and to operate future mines thereon, if appropriate. Randgold will obtain incremental ownership through financing of exploration, based on milestone events, commencing with establishment of a pre-feasibility study. Randgold will manage exploration activities, and a joint venture committee with representation from both parties will direct the project.
Randgold will manage and fund all exploration of the permit areas until the completion of a pre-feasibility study. Once the Joint Venture has determined to move ahead with a full feasibility study, a special purpose vehicle ("SPV") would be created to hold the specific discovery areas. Subject to the DRC's carried interest, Randgold would retain 65% of the SPV with KGL's DRC 71.25% subsidiary, KGL-Somituri SARL, holding the balance of 35%. Randgold can earn an additional 5% on completion of a bankable feasibility study should KGL choose not to co-fund the feasibility study. KGL will be required, from the completion of a feasibility study, to fund its pro-rata share of the SPV in order to maintain its interest or be diluted.
The agreement is subject to due diligence by Randgold and any necessary regulatory and shareholder approvals.
Six Permis d'Exploitation ("PE"), or Exploitation Licences, comprise the Randgold/KGL JV, namely PE 137, PE 138, PE 140, PE 9691, PE 9692, and PE 9695, totalling 361km². These licences cover prospective Archaen (Kibalian) terrain within the Ngayu greenstone belt in the North-East DRC. To date KGL has conducted exploration on PE 9691 and has established an estimated NI 43-101 Inferred Mineral Resource of 20.78 Mt at a grade of 2.5 g/t Au for 1.675 million ounces of gold. The licenses have numerous gold occurrences.
David Netherway, Chairman of Kilo Goldmines, commented:
"Kilo Goldmines is very pleased to continue our partnership with Randgold, which commenced in 2012 with entry into a joint venture on the Isiro licenses in the DRC. We look forward to continuing this cordial relationship on the Somituri licenses."
Mark Bristow, CEO of Randgold commented:
"This agreement, along with our other JVs in the area which include the existing JV with KGL on the Isiro properties, brings our landholding in the Ngayu belt to over 3 300km². Furthermore, this agreement highlights Randgold's commitment to greenfields exploration and our long term strategy in North East DRC. Randgold explores for world-class gold deposits with the potential to deliver 3Moz with a 20% IRR at a US$1 000/oz gold price. We believe North East DRC is one of the few areas in Africa where this potential remains unexplored."
QUALIFIED PERSON
Howard Fall, B.Sc., PhD, MAusIMM, QP (Geo) is the 'qualified person' (as such term is defined under National Instrument 43-101) of Kilo and has reviewed the scientific and technical information contained in this release.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 square kilometres of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Kilo currently has two projects:
•the Somituri project comprising six contiguous licences covering 361km2
•the Isiro project, comprising twelve licences covering 2056 km2
Further information on the projects may be found on the Company's website, www.kilogoldmines.com
About Randgold
Randgold operates five gold mines: Morila, Loulo, and Gounkoto in Mali, Tongon in Côte d'Ivoire and Kibali in DRC. The Massawa project in Senegal is at feasibility stage and exploration programmes are underway in Côte d'Ivoire, DRC, Mali, and Senegal.
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.
Philip Gibbs
Interim CEO
+1 416 360 3406
philip.gibbs@kilogoldmines.com
www.kilogoldmines.com
Wow, verdreifacht, und keiner schreibt mehr, schade...
RE:RE:RE:first step
KGL invested over $50m into DRC properties over the years. 0 value given to 1,650,000 high grade ounces found and proven by drilling.. KGL common stock can easily trade over 0.25c by year end. $10,000,000 market capitalization is nothing here.. Big miner will have to pay more if it happens in 2015. Time will tell
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kg…
KGL invested over $50m into DRC properties over the years. 0 value given to 1,650,000 high grade ounces found and proven by drilling.. KGL common stock can easily trade over 0.25c by year end. $10,000,000 market capitalization is nothing here.. Big miner will have to pay more if it happens in 2015. Time will tell
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kg…
Mike, it's more than about what they've got. What's most significant right now is their location and their proximity to majors looking to expand. It's about being in the right location at the right time. Randgold for example has a $6B market cap with paper that for the past five years has strongly outperformed almost every gold stock in existence. It shouldn't surprise you to receive the equivalent of 30 cents for your KGL stock based on Randgold shares issued. Financially the deal would be totally inconsequential to Randgold, but asset-wise they would be making a very prudent move.
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kg…
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kg…
My take
I had a look at the financials. Relatively speaking, the company is very tightly run. At these levels at this point in time it remains a no brainer. It's going much higher. I don't know where else you'd find a better risk-reward.
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kg…
I had a look at the financials. Relatively speaking, the company is very tightly run. At these levels at this point in time it remains a no brainer. It's going much higher. I don't know where else you'd find a better risk-reward.
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kg…
RE:Randgold got NO!!! Unreal
They made the deal before the gold market turned a critical corner. KGL holders are lucky that they have Oban and Dundee looking out for them. I suspect Oban wants to acquire the rest of the company and feels they have the resources without any further involvement of Randgold. Of course, Randgold could sour those plans by buying KGL themselves, for a price Oban won't be able to match.
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kg…
They made the deal before the gold market turned a critical corner. KGL holders are lucky that they have Oban and Dundee looking out for them. I suspect Oban wants to acquire the rest of the company and feels they have the resources without any further involvement of Randgold. Of course, Randgold could sour those plans by buying KGL themselves, for a price Oban won't be able to match.
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kg…
Kilo Goldmines Announces Favourable Court Ruling Regarding Title to Isiro Properties
TORONTO, ONTARIO--(Marketwired - July 14, 2016) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) announced that the Democratic Republic of Congo ("DRC") Court of Commerce has dismissed an action initiated in 2014 by LA SOCIETE MINIERE DE L'ITURI SPRL claiming title to Kilo's Isiro properties located in north-eastern DRC. The Isiro properties have been the subject of a joint venture since December 2012 (see below), and further information on the properties and joint venture may be found on the Company's website, (www.Kilogoldmines.com) and under the Company's profile on SEDAR.
Mr David Netherway, Chairman, commented: "We're are pleased that the Court has finally ruled on this matter, which we have always viewed to be without merit, and it is encouraging to see the DRC Mining Code upheld by the legal system."
Kilo also announced that it has published an updated Corporate Presentation on its website and on SEDAR.
TORONTO, ONTARIO--(Marketwired - July 14, 2016) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) announced that the Democratic Republic of Congo ("DRC") Court of Commerce has dismissed an action initiated in 2014 by LA SOCIETE MINIERE DE L'ITURI SPRL claiming title to Kilo's Isiro properties located in north-eastern DRC. The Isiro properties have been the subject of a joint venture since December 2012 (see below), and further information on the properties and joint venture may be found on the Company's website, (www.Kilogoldmines.com) and under the Company's profile on SEDAR.
Mr David Netherway, Chairman, commented: "We're are pleased that the Court has finally ruled on this matter, which we have always viewed to be without merit, and it is encouraging to see the DRC Mining Code upheld by the legal system."
Kilo also announced that it has published an updated Corporate Presentation on its website and on SEDAR.
Kilo Goldmines Announces Private Placement and Closing of First Tranche
TORONTO, ONTARIO--(Marketwired - July 27, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) announced today that it is proceeding with a non-brokered private placement of equity units ("Units") to raise up to $7,500,000 (the "Offering") of which it has completed a first tranche raising gross proceeds of $930,000.
The Units were and are being offered and sold at a price of $0.10 per Unit with each Unit consisting of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company for two years (until July 27, 2018 for the first tranche) at a price of $0.135. The Company has the right to accelerate the expiry of the Warrants on 30 days written notice if, following four months from the issuance of the Warrants, the volume weighted trading price of the common shares of the Company on the TSX Venture Exchange for any period of 20 consecutive trading days exceeds $0.30 per share. All securities sold in the Offering, including any shares issued on exercise of the Warrants, are subject to a four month hold period in Canada (expiring on November 28, 2016 for the first tranche) and such other hold periods in other jurisdictions applicable to the purchaser.
Sprott Private Wealth LP and one of its affiliates have agreed to act as finders for the Offering on a non-exclusive basis.
The Company plans to use the net proceeds from the Offering for the exploration of its gold properties in the Democratic Republic of Congo and for working capital and other general corporate purposes.
Osisko Mining Corp. ("Osisko"), a significant shareholder of the Company, acquired 2,000,000 Units under the first tranche of the Offering. Prior to the Offering, Osisko directly owned 15,600,000 common shares and warrants to acquire a further 14,100,000 common shares of the Company. Following the Offering, Osisko now owns 17,600,000 common shares, representing approximately 22.3% of the number of common shares issued and outstanding, as well as warrants to acquire up to a further 16,100,000 common shares of the Company. Assuming the exercise of all warrants by Osisko only and no other exercises, Osisko would own up to approximately 30.2% of the common shares of the Company.
As a result of the participation in the Offering by Osisko noted above, the first tranche of the Offering was considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101") and TSX Venture Exchange policy 5.9 ("Policy 5.9"). The transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 and Policy 5.9 however, as neither the fair market value of the securities issued to insiders nor the cash consideration paid for such securities exceeded 25% of Kilo's market capitalization. The participants in the first tranche of the Offering and the extent of such participation were not finalized until shortly prior to the completion of the first tranche of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the first tranche of the Offering at least 21 days prior to the completion date.
The Company intends to complete further tranches of the private placement up to a targeted maximum of $7.5 million (inclusive of proceeds received from the first tranche of the placement). Kilo will pay a cash finder's to registered dealers and eligible finders who procure subscriptions for Units equal to 6% of the proceeds received from such subscriptions. No finder's fees were payable in connection with the completion of the first tranche of the Offering.
TORONTO, ONTARIO--(Marketwired - July 27, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) announced today that it is proceeding with a non-brokered private placement of equity units ("Units") to raise up to $7,500,000 (the "Offering") of which it has completed a first tranche raising gross proceeds of $930,000.
The Units were and are being offered and sold at a price of $0.10 per Unit with each Unit consisting of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company for two years (until July 27, 2018 for the first tranche) at a price of $0.135. The Company has the right to accelerate the expiry of the Warrants on 30 days written notice if, following four months from the issuance of the Warrants, the volume weighted trading price of the common shares of the Company on the TSX Venture Exchange for any period of 20 consecutive trading days exceeds $0.30 per share. All securities sold in the Offering, including any shares issued on exercise of the Warrants, are subject to a four month hold period in Canada (expiring on November 28, 2016 for the first tranche) and such other hold periods in other jurisdictions applicable to the purchaser.
Sprott Private Wealth LP and one of its affiliates have agreed to act as finders for the Offering on a non-exclusive basis.
The Company plans to use the net proceeds from the Offering for the exploration of its gold properties in the Democratic Republic of Congo and for working capital and other general corporate purposes.
Osisko Mining Corp. ("Osisko"), a significant shareholder of the Company, acquired 2,000,000 Units under the first tranche of the Offering. Prior to the Offering, Osisko directly owned 15,600,000 common shares and warrants to acquire a further 14,100,000 common shares of the Company. Following the Offering, Osisko now owns 17,600,000 common shares, representing approximately 22.3% of the number of common shares issued and outstanding, as well as warrants to acquire up to a further 16,100,000 common shares of the Company. Assuming the exercise of all warrants by Osisko only and no other exercises, Osisko would own up to approximately 30.2% of the common shares of the Company.
As a result of the participation in the Offering by Osisko noted above, the first tranche of the Offering was considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101") and TSX Venture Exchange policy 5.9 ("Policy 5.9"). The transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 and Policy 5.9 however, as neither the fair market value of the securities issued to insiders nor the cash consideration paid for such securities exceeded 25% of Kilo's market capitalization. The participants in the first tranche of the Offering and the extent of such participation were not finalized until shortly prior to the completion of the first tranche of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the first tranche of the Offering at least 21 days prior to the completion date.
The Company intends to complete further tranches of the private placement up to a targeted maximum of $7.5 million (inclusive of proceeds received from the first tranche of the placement). Kilo will pay a cash finder's to registered dealers and eligible finders who procure subscriptions for Units equal to 6% of the proceeds received from such subscriptions. No finder's fees were payable in connection with the completion of the first tranche of the Offering.
Kilo Goldmines Ltd.
Exchange: TSXV Exchange | Aug 2, 2016, 11:46 PM EDT logo
KGL $ 0.165 Change Up Change:
0.035 (+26.92%) Volume:
224,500
Exchange: TSXV Exchange | Aug 2, 2016, 11:46 PM EDT logo
KGL $ 0.165 Change Up Change:
0.035 (+26.92%) Volume:
224,500
Kilo Goldmines Ltd.
Exchange: TSXV Exchange | Aug 12, 2016, 5:03 AM EDT logo
KGL $ 0.17 Change Up Change:
0.04 (30.77%) Volume:
769,650
Exchange: TSXV Exchange | Aug 12, 2016, 5:03 AM EDT logo
KGL $ 0.17 Change Up Change:
0.04 (30.77%) Volume:
769,650
...und weiter up!!
Ist ausser mir eigentlich Niemand dabei???
Ist ausser mir eigentlich Niemand dabei???
Kilo Comments on Recent Trading Activity
TORONTO, ONTARIO--(Marketwired - Aug. 15, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) has been requested by the Investment Industry Regulatory Organization of Canada (IIROC) to comment on the recent increase in the trading volume and price of the Company's common shares on the TSX Venture Exchange. The Company is not aware of any material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in volume or price. On July 27, 2016 the Company announced a non-brokered private placement of units at $0.10 per unit to raise gross proceeds of up to $7,500,000, of which $930,000 of the placement has been completed to date. The Company plans to use the net proceeds from the private placement for the exploration of its gold properties in the Democratic Republic of Congo and for working capital and other general corporate purposes.
About Kilo
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some 2,417 km2 of favourable Archaen Kabalian Greenstones (the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region.
Incorporated within these licences is:
- the Somituri project (71.25% owned by KGL), comprising six non-contiguous licences (361 km2) held by KGL-Somituri SARL; and
- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
In addition, KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.
Philip Gibbs
Interim CEO
+1 416 360 3406
philip.gibbs@kilogoldmines.com
www.kilogoldmines.com
QuoteMedia logo
TORONTO, ONTARIO--(Marketwired - Aug. 15, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) has been requested by the Investment Industry Regulatory Organization of Canada (IIROC) to comment on the recent increase in the trading volume and price of the Company's common shares on the TSX Venture Exchange. The Company is not aware of any material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in volume or price. On July 27, 2016 the Company announced a non-brokered private placement of units at $0.10 per unit to raise gross proceeds of up to $7,500,000, of which $930,000 of the placement has been completed to date. The Company plans to use the net proceeds from the private placement for the exploration of its gold properties in the Democratic Republic of Congo and for working capital and other general corporate purposes.
About Kilo
Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some 2,417 km2 of favourable Archaen Kabalian Greenstones (the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region.
Incorporated within these licences is:
- the Somituri project (71.25% owned by KGL), comprising six non-contiguous licences (361 km2) held by KGL-Somituri SARL; and
- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
In addition, KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.
Philip Gibbs
Interim CEO
+1 416 360 3406
philip.gibbs@kilogoldmines.com
www.kilogoldmines.com
QuoteMedia logo
Kilo Goldmines Announces Exploration Update and Grant of Stock Options
TORONTO, ONTARIO--(Marketwired - Jan. 30, 2017) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to provide an update on its exploration program on its Imbo Licence (PE9691) within the Ngayu greenstone belt in the northeastern Democratic Republic of the Congo ("DRC").
DIAMOND DRILLING PROGAM IN PROGESS:
The current 63 hole (8,900 m) program is designed to test coincident gold-in-soil geochemical and geophysical anomalies on the following three targets, located within 4 km of the Company's Adumbi prospect (Figure 1):
Adumbi South Target (20 drill holes totalling 3,100 m, on 7 traverses at a spacing of 160 m along strike, Figure 2).
Adumbi West Target (26 drill holes totalling 3,400 m, on 10 traverses at a spacing of 160 m along strike, Figure 3).
Kitenge Extension Target (17 drill holes totalling 2,400 m, on 7 traverses at a spacing of 320 m along strike, Figure 4).
Further details on the geology and characteristics of these targets are provided in the Company's press release of November 2, 2016.
Drilling commenced on October 31, 2016 with two diamond drilling rigs (one track-mounted and one man-portable) and continued until the planned year-end suspension of field work on December 9, 2016. During the recess period, two additional track-mounted rigs were mobilized to site, and the program recommenced on January 11, 2107 using the three track-mounted machines.
To date, 5 drill holes totalling 814 m have been completed at Adumbi South (Figure 2 - drill traverses ASL5 and ASL4), and 2 holes totalling 299 m have been drilled at Kitenge Extension (Figure 4 - drill traverse KPL4). A third hole is in progress at Kitenge at a depth of 98 m (Drill traverse KPL2)
At Adumbi South, the sequence drilled on drill traverse ASL5 consists mainly of interlayered quartz-carbonate schist and chlorite schist, with localised bands of magnetite-rich chlorite schist. Hydrothermal alteration is associated with a 3.35 m-wide shear zone, and comprises foliation parallel quartz veins with disseminated pyrite, pyrrhotite, chalcopyrite and arsenopyrite; assay results for this zone returned geochemically anomalous Au values up to 0.24 g/t. Drilling is now in progress on traverse ASL4, where the magnetic response of the magnetite-bearing schists is weaker, possibly due to more extensive hydrothermal activity.
Following completion of the first traverse at Kitenge Extension, one rig has will now commence drilling at Adumbi West on traverse AWL2 (Figure 3), and the program will continue with one rig operating on each target.
GRANT OF STOCK OPTIONS:
The Company announces that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 8,600,000 common shares to directors, officers, consultants and contractors of Kilo and its DRC subsidiaries under its Employee Stock Option Plan. Each option is exercisable for a ten year period to acquire one common share at a price of $0.10 per share. The options granted are not subject to vesting restrictions.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km2 of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km2) held by KGL-Somituri SARL
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
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.
Kilo Goldmines Ltd.
Philip Gibbs
Interim CEO
+1 416 360 3406
philip.gibbs@kilogoldmines.com
www.kilogoldmines.com
TORONTO, ONTARIO--(Marketwired - Jan. 30, 2017) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to provide an update on its exploration program on its Imbo Licence (PE9691) within the Ngayu greenstone belt in the northeastern Democratic Republic of the Congo ("DRC").
DIAMOND DRILLING PROGAM IN PROGESS:
The current 63 hole (8,900 m) program is designed to test coincident gold-in-soil geochemical and geophysical anomalies on the following three targets, located within 4 km of the Company's Adumbi prospect (Figure 1):
Adumbi South Target (20 drill holes totalling 3,100 m, on 7 traverses at a spacing of 160 m along strike, Figure 2).
Adumbi West Target (26 drill holes totalling 3,400 m, on 10 traverses at a spacing of 160 m along strike, Figure 3).
Kitenge Extension Target (17 drill holes totalling 2,400 m, on 7 traverses at a spacing of 320 m along strike, Figure 4).
Further details on the geology and characteristics of these targets are provided in the Company's press release of November 2, 2016.
Drilling commenced on October 31, 2016 with two diamond drilling rigs (one track-mounted and one man-portable) and continued until the planned year-end suspension of field work on December 9, 2016. During the recess period, two additional track-mounted rigs were mobilized to site, and the program recommenced on January 11, 2107 using the three track-mounted machines.
To date, 5 drill holes totalling 814 m have been completed at Adumbi South (Figure 2 - drill traverses ASL5 and ASL4), and 2 holes totalling 299 m have been drilled at Kitenge Extension (Figure 4 - drill traverse KPL4). A third hole is in progress at Kitenge at a depth of 98 m (Drill traverse KPL2)
At Adumbi South, the sequence drilled on drill traverse ASL5 consists mainly of interlayered quartz-carbonate schist and chlorite schist, with localised bands of magnetite-rich chlorite schist. Hydrothermal alteration is associated with a 3.35 m-wide shear zone, and comprises foliation parallel quartz veins with disseminated pyrite, pyrrhotite, chalcopyrite and arsenopyrite; assay results for this zone returned geochemically anomalous Au values up to 0.24 g/t. Drilling is now in progress on traverse ASL4, where the magnetic response of the magnetite-bearing schists is weaker, possibly due to more extensive hydrothermal activity.
Following completion of the first traverse at Kitenge Extension, one rig has will now commence drilling at Adumbi West on traverse AWL2 (Figure 3), and the program will continue with one rig operating on each target.
GRANT OF STOCK OPTIONS:
The Company announces that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 8,600,000 common shares to directors, officers, consultants and contractors of Kilo and its DRC subsidiaries under its Employee Stock Option Plan. Each option is exercisable for a ten year period to acquire one common share at a price of $0.10 per share. The options granted are not subject to vesting restrictions.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km2 of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km2) held by KGL-Somituri SARL
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km2), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
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.
Kilo Goldmines Ltd.
Philip Gibbs
Interim CEO
+1 416 360 3406
philip.gibbs@kilogoldmines.com
www.kilogoldmines.com
Kilo Goldmines Ltd
Exchange: TSXV Exchange | Feb 28, 2017, 6:39 AM EST logo
KGL $ 0.10 Change Up Change:
0.01 (11.11%) Volume:
429,000
Exchange: TSXV Exchange | Feb 28, 2017, 6:39 AM EST logo
KGL $ 0.10 Change Up Change:
0.01 (11.11%) Volume:
429,000
Kilo Goldmines Announces Exploration Update
TORONTO, ONTARIO--(Marketwired - March 14, 2017) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to provide an update on the exploration program on its Imbo Licence (PE9691) within the Ngayu greenstone belt in the northeastern Democratic Republic of Congo ("DRC").
Drilling
The drilling programme currently underway on the Imbo licence is designed to test coincident gold-in-soil and magnetic anomalies at the Adumbi South, Adumbi West and Kitenge Extension targets, as shown in Figure 1 and detailed in the Company's press release of 2nd November 2016. The three targets are located within 4 km of the Company's Adumbi prospect, which has an Inferred Resource of 19.11 Mt @ 2.2 g/t Au for 1.362 Moz of gold. To date 30 holes have been completed for a total of 4,620 m, as follows:
Adumbi South:
The Adumbi South target lies 480 m to the south of the Adumbi prospect, and is defined by a 1.4 km-long magnetic anomaly that appears to be demagnetized in places, and a >200 ppb gold-in-soil anomaly. To date a total of 9 holes (1,407 m) on 3 traverses at a spacing of 160 m have been completed (Figure 2). The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist, and supports the interpretation that the lithologies at Adumbi South are similar to those at the Canal prospect, which forms the southeastern extension of the main Adumbi mineralization. Hydrothermal pyrite locally replaces disseminated magnetite in the chlorite schist, which together with a deeper weathering profile, is likely responsible for the weakening of the magnetic response on traverses ALS2 to ALS4. Other hydrothermal alteration comprises zones of foliation-parallel quartz veining up to 11 m in width (with individual veins <1 m across); pyrite, +/- pyrrhotite, +/- arsenopyrite occurs locally within the veins and sheared country rock.
Analytical results have been received for 6 of the 9 holes drilled to date, the best intersection being 1 m @ 3.85 g/t Au in hole ASDD003.
Kitenge Extension:
The Kitenge Extension target lies to the northwest of the Kitenge prospect, and is defined by an approximately 2 km-long magnetic feature with a coincident gold-in-soil anomaly with values from 50 ppb to 450 ppb. The planned programme comprised 17 drill holes totalling 2,435 m, on 7 traverses at a spacing of 320 m along strike. To date, a total of 14 holes (2,163 m) have been completed on 6 traverses (Figure 3).
The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist within a package of quartz-carbonate schist, and the lithological sequence is similar to the Canal prospect southeast of Adumbi. Hydrothermal alteration is associated with strike-parallel shear zones, some of which affect earlier breccia zones containing clasts of vein quartz and country rock, indicating several phases of tectonism and alteration. The hydrothermal activity has caused a general "bleaching" of the sheared host rock, and quartz veins parallel to the foliation are common. Disseminated sulphides (pyrite, +/- pyrrhotite, +/- arsenopyrite) are locally associated with the veins and sheared host rock.
Analytical results have been received for the first two drill holes:
SKDD060: 2.90 m @ 1.05 g/t Au from 102.00 m; 1.00 m @ 0.77 g/t Au from 167.00 m.
SKDD061: 1.63 m @ 3.05 g/t Au from 68.40 m; 1.60 m @ 10.52 g/t Au from 84.00 m.
Drilling at Adumbi South and Kitenge Extension has confirmed the presence of the mineralized structures that the program was designed to test, and further drilling at these targets will be subject to assay results from the holes which are not yet available.
Adumbi West:
The Adumbi West target is defined by a 1.7 km-long linear magnetic anomaly and a coincident gold-in-soil anomaly with values from 50 ppb to 1,000 ppb. This magnetic feature is similar to that which defines the banded ironstone formation (BIF) at the Adumbi prospect. To date, 7 holes (1,050 m) have been completed on traverse AWL2 (Figure 4).
Drilling on traverse AWL2 has shown that the strong magnetic anomaly is caused by chlorite schist with abundant disseminated magnetite, rather than the expected BIF. The magnetite-chlorite schist is interpreted as a facies equivalent of the Adumbi BIF, and represents an area where a greater proportion of clastic material was deposited with the chemically precipitated iron oxide.
In drill holes AWDD002 and AWDD004, a 1.4 to 4.3 m-wide zone of quartz veining and silicification with abundant pyrite was intersected, which is on strike with the Dieu Merci artisanal workings to the northwest (Figure 4). This zone could represent the north-western strike extension of the Adumbi structure, and indicating that the structure is cross-cutting the lithological strike at an acute angle. Whereas at Adumbi the structure is hosted by the chemically reactive BIF, at Adumbi West it is within quartz-carbonate schist in the hangingwall of the Fe-rich horizon.
Drilling will now move to traverse AWL5 where four holes will be drilled to further test the interpreted extension of the Adumbi structure, and the area of the magnetic anomaly. Drilling at Adumbi West will then be suspended until assay results are available.
Adumbi Prospect:
Four drill holes totalling approximately 1,900 m are planned to test the depth extensions of a zone of high grade mineralization defined by geological and mineralization modelling of the Adumbi drill hole core. This zone of mineralization is associated with alteration and structural deformation that has completely destroyed the primary host lithological characteristics and is termed Replaced Rock Zone ("RP Zone") (Figures 5 and 6).
The RP Zone has been traced along strike for 840 m and down dip to 275 m below surface. The average true width and weighted average grade of all drill hole intersections of the RP Zone is 4.91 meters @ 5.44 g/t Au. In the central 480 m portion of the Adumbi prospect the average is 6.41 meters @ 6.25 g/t Au.
The four planned drill holes will target the down-plunge extensions of relatively high grade shoots within the RP zone, with the aim of intersecting the mineralization about 100 m below the previous deepest drilling (Figure 7). The RP zone is seen to have potential for underground exploitation, and establishing depth continuity could add significantly to the Company's resource base.
Other Exploration
Exploration will shortly recommence in the eastern part of the Imbo Licence area, where stream sediment and rock chip sampling indicate an extension of the Adumbi/Kitenge/Manzako mineralized trend over a strike of about 7 km (see the Company's press release of 23 September 2015). The programme will entail soil sampling at 40 m intervals along 160 m-spaced lines, over an area of 4 km x 1.5 km in the central part of the target (Figure 1). This will be accompanied by geological mapping, rock chip sampling, channel sampling, and trenching/augering, with the objective of defining targets for drilling in the third quarter of 2017.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km²) held by KGL-Somituri SARL
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
TORONTO, ONTARIO--(Marketwired - March 14, 2017) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to provide an update on the exploration program on its Imbo Licence (PE9691) within the Ngayu greenstone belt in the northeastern Democratic Republic of Congo ("DRC").
Drilling
The drilling programme currently underway on the Imbo licence is designed to test coincident gold-in-soil and magnetic anomalies at the Adumbi South, Adumbi West and Kitenge Extension targets, as shown in Figure 1 and detailed in the Company's press release of 2nd November 2016. The three targets are located within 4 km of the Company's Adumbi prospect, which has an Inferred Resource of 19.11 Mt @ 2.2 g/t Au for 1.362 Moz of gold. To date 30 holes have been completed for a total of 4,620 m, as follows:
Adumbi South:
The Adumbi South target lies 480 m to the south of the Adumbi prospect, and is defined by a 1.4 km-long magnetic anomaly that appears to be demagnetized in places, and a >200 ppb gold-in-soil anomaly. To date a total of 9 holes (1,407 m) on 3 traverses at a spacing of 160 m have been completed (Figure 2). The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist, and supports the interpretation that the lithologies at Adumbi South are similar to those at the Canal prospect, which forms the southeastern extension of the main Adumbi mineralization. Hydrothermal pyrite locally replaces disseminated magnetite in the chlorite schist, which together with a deeper weathering profile, is likely responsible for the weakening of the magnetic response on traverses ALS2 to ALS4. Other hydrothermal alteration comprises zones of foliation-parallel quartz veining up to 11 m in width (with individual veins <1 m across); pyrite, +/- pyrrhotite, +/- arsenopyrite occurs locally within the veins and sheared country rock.
Analytical results have been received for 6 of the 9 holes drilled to date, the best intersection being 1 m @ 3.85 g/t Au in hole ASDD003.
Kitenge Extension:
The Kitenge Extension target lies to the northwest of the Kitenge prospect, and is defined by an approximately 2 km-long magnetic feature with a coincident gold-in-soil anomaly with values from 50 ppb to 450 ppb. The planned programme comprised 17 drill holes totalling 2,435 m, on 7 traverses at a spacing of 320 m along strike. To date, a total of 14 holes (2,163 m) have been completed on 6 traverses (Figure 3).
The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist within a package of quartz-carbonate schist, and the lithological sequence is similar to the Canal prospect southeast of Adumbi. Hydrothermal alteration is associated with strike-parallel shear zones, some of which affect earlier breccia zones containing clasts of vein quartz and country rock, indicating several phases of tectonism and alteration. The hydrothermal activity has caused a general "bleaching" of the sheared host rock, and quartz veins parallel to the foliation are common. Disseminated sulphides (pyrite, +/- pyrrhotite, +/- arsenopyrite) are locally associated with the veins and sheared host rock.
Analytical results have been received for the first two drill holes:
SKDD060: 2.90 m @ 1.05 g/t Au from 102.00 m; 1.00 m @ 0.77 g/t Au from 167.00 m.
SKDD061: 1.63 m @ 3.05 g/t Au from 68.40 m; 1.60 m @ 10.52 g/t Au from 84.00 m.
Drilling at Adumbi South and Kitenge Extension has confirmed the presence of the mineralized structures that the program was designed to test, and further drilling at these targets will be subject to assay results from the holes which are not yet available.
Adumbi West:
The Adumbi West target is defined by a 1.7 km-long linear magnetic anomaly and a coincident gold-in-soil anomaly with values from 50 ppb to 1,000 ppb. This magnetic feature is similar to that which defines the banded ironstone formation (BIF) at the Adumbi prospect. To date, 7 holes (1,050 m) have been completed on traverse AWL2 (Figure 4).
Drilling on traverse AWL2 has shown that the strong magnetic anomaly is caused by chlorite schist with abundant disseminated magnetite, rather than the expected BIF. The magnetite-chlorite schist is interpreted as a facies equivalent of the Adumbi BIF, and represents an area where a greater proportion of clastic material was deposited with the chemically precipitated iron oxide.
In drill holes AWDD002 and AWDD004, a 1.4 to 4.3 m-wide zone of quartz veining and silicification with abundant pyrite was intersected, which is on strike with the Dieu Merci artisanal workings to the northwest (Figure 4). This zone could represent the north-western strike extension of the Adumbi structure, and indicating that the structure is cross-cutting the lithological strike at an acute angle. Whereas at Adumbi the structure is hosted by the chemically reactive BIF, at Adumbi West it is within quartz-carbonate schist in the hangingwall of the Fe-rich horizon.
Drilling will now move to traverse AWL5 where four holes will be drilled to further test the interpreted extension of the Adumbi structure, and the area of the magnetic anomaly. Drilling at Adumbi West will then be suspended until assay results are available.
Adumbi Prospect:
Four drill holes totalling approximately 1,900 m are planned to test the depth extensions of a zone of high grade mineralization defined by geological and mineralization modelling of the Adumbi drill hole core. This zone of mineralization is associated with alteration and structural deformation that has completely destroyed the primary host lithological characteristics and is termed Replaced Rock Zone ("RP Zone") (Figures 5 and 6).
The RP Zone has been traced along strike for 840 m and down dip to 275 m below surface. The average true width and weighted average grade of all drill hole intersections of the RP Zone is 4.91 meters @ 5.44 g/t Au. In the central 480 m portion of the Adumbi prospect the average is 6.41 meters @ 6.25 g/t Au.
The four planned drill holes will target the down-plunge extensions of relatively high grade shoots within the RP zone, with the aim of intersecting the mineralization about 100 m below the previous deepest drilling (Figure 7). The RP zone is seen to have potential for underground exploitation, and establishing depth continuity could add significantly to the Company's resource base.
Other Exploration
Exploration will shortly recommence in the eastern part of the Imbo Licence area, where stream sediment and rock chip sampling indicate an extension of the Adumbi/Kitenge/Manzako mineralized trend over a strike of about 7 km (see the Company's press release of 23 September 2015). The programme will entail soil sampling at 40 m intervals along 160 m-spaced lines, over an area of 4 km x 1.5 km in the central part of the target (Figure 1). This will be accompanied by geological mapping, rock chip sampling, channel sampling, and trenching/augering, with the objective of defining targets for drilling in the third quarter of 2017.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km²) held by KGL-Somituri SARL
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
Hoert sich sehr gut an, oder?
Die Meinung eines Fachmannes waere super, danke...
Die Meinung eines Fachmannes waere super, danke...
Antwort auf Beitrag Nr.: 54.537.521 von ooy am 15.03.17 03:56:33
lass Es mich mal so ausdrücken:
ich halte Kilo schon für Eine ernsthafte Rohstoff/Explorationfirma.
ABER
bis hier klar(er) wird ob Sie Was "potenziell wirtschaftlich Verwertbares" zu bieten haben, dürfte noch so Einige Zeit vergehen.
für "(just) Fantasie" zahlt Der Markt halt, meistens, Nix mehr,
dolle.
(tendenziell vollkommen berechtigt, inMYopinion -geht immerimmermehr -bei DIESER Art AGs in Richtung "brutale Kommerzialisierung"
(plattplatt gesagt: solange da Die (milestone)"Sonne" scheint, all good,
ansonsten aber vielleicht liiiiieber vom Acker machen)
der ist viel, viel selektiver, "hard" facts orientierter geworden.
für konkreter Unterlegter-"erhärtete Indikationen", mindestens, sage ich mal-Griffiges zahlt Er
aber
sehr, sehr, sehr wohl.
und Das ist nicht sonderlich "Kilo spezifisch",
sondern wovon immerimmermehr AGs -"Dieser" Art-betroffen sind.
was ich -rohstoffbezogen(Anderes nicht, unbedingt, ausschliessend)-vor Jahrenjahren(2009, ff..............) prognostiziert habe.
also ich würde Keinesfalls sagen Kilo ist Müll,
aer WAS Der Markt WANN WIE wertet, ist auch ein ganz, ganz wichtiger Punkt dabei.
HOPE that helps
lass Es mich mal so ausdrücken:
ich halte Kilo schon für Eine ernsthafte Rohstoff/Explorationfirma.
ABER
bis hier klar(er) wird ob Sie Was "potenziell wirtschaftlich Verwertbares" zu bieten haben, dürfte noch so Einige Zeit vergehen.
für "(just) Fantasie" zahlt Der Markt halt, meistens, Nix mehr,
dolle.
(tendenziell vollkommen berechtigt, inMYopinion -geht immerimmermehr -bei DIESER Art AGs in Richtung "brutale Kommerzialisierung"
(plattplatt gesagt: solange da Die (milestone)"Sonne" scheint, all good,
ansonsten aber vielleicht liiiiieber vom Acker machen)
der ist viel, viel selektiver, "hard" facts orientierter geworden.
für konkreter Unterlegter-"erhärtete Indikationen", mindestens, sage ich mal-Griffiges zahlt Er
aber
sehr, sehr, sehr wohl.
und Das ist nicht sonderlich "Kilo spezifisch",
sondern wovon immerimmermehr AGs -"Dieser" Art-betroffen sind.
was ich -rohstoffbezogen(Anderes nicht, unbedingt, ausschliessend)-vor Jahrenjahren(2009, ff..............) prognostiziert habe.
also ich würde Keinesfalls sagen Kilo ist Müll,
aer WAS Der Markt WANN WIE wertet, ist auch ein ganz, ganz wichtiger Punkt dabei.
HOPE that helps
Antwort auf Beitrag Nr.: 54.540.968 von Popeye82 am 15.03.17 16:47:04Ja, vielen Dank.
Noch was? Zu den Bohrergebnissen waere schoen..
Kilo Goldmines Announces Update on Drill and Exploration Program
TORONTO, ONTARIO--(Marketwired - May 4, 2017) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to provide an update on the exploration program on its Imbo Licence (PE9691) within the Ngayu greenstone belt in the northeastern Democratic Republic of Congo ("DRC").
Program highlights
Drilling completed at Adumbi South, Adumbi West and Kitenge targets
First of four holes at Adumbi prospect shows extension of the higher-grade Replaced Rock (RP) Zone to 100 m below previous deepest drill intersections
Field work to generate targets over an area of 4km by 1.5km east of the Imbo River due to commence
Diamond drilling to test coincident gold-in-soil and magnetic anomalies at the Adumbi South, Adumbi West and Kitenge Extension targets has been completed, with a total of 5,132 m drilled in 34 holes. Hydrothermal alteration was found to be associated with strike-parallel shears at all three prospects with intersections of gold mineralization including 7.36 m @ 1.31 g/t, 1.60 m @ 10.52 g/t, 0.80 m @ 23.90 g/t and 1.45 m @ 8.53 g/t.
At the Adumbi prospect, the first of four relatively deep drill holes, designed to test the depth extension of a zone of high-grade mineralization known as the Replaced Rock (RP) Zone, has been completed. Two zones of RP totalling 27 m were intersected, separated by 11 m of carbonaceous schist. This drill hole shows that the RP Zone extends down-dip to a vertical depth of at least 375 m below surface, or 100 m below the previous deepest drill intersections. The Adumbi prospect currently has an Inferred Resource of 19.11 Mt @ 2.2 g/t Au for 1.36 Moz of gold.
In early May, exploration will recommence in the eastern part of the Imbo Licence area, where stream sediment and rock chip sampling indicate an extension of the Adumbi/Kitenge/Manzako mineralized trend over a strike of about 7 km (see the Company's press release of 23 September 2015). The programme will entail soil sampling at 40 m intervals along 160 m-spaced lines, over an area of 4 km x 1.5 km in the central part of the target.
Further details are given below.
Adumbi South:
The Adumbi South target lies 480 m to the south of the Adumbi prospect (Figure 1), and is defined by a 1.4 km-long magnetic anomaly that appears to be demagnetized in places, and a >200 ppb gold-in-soil anomaly. Nine (9) holes (1,407 m) on 3 traverses at a spacing of 160 metres have been completed (Figure 2). The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist, and supports the interpretation that the lithologies at Adumbi South are similar to those at the Canal prospect, which forms the southeastern extension of the main Adumbi mineralization. Hydrothermal pyrite locally replaces disseminated magnetite in the chlorite schist, which together with a deeper weathering profile, is probably responsible for the weakening of the magnetic response on traverses ALS2 to ALS4. Other hydrothermal alteration comprises zones of foliation-parallel quartz veining up to 11 m in width (with individual veins <1 m across); pyrite, +/- pyrrhotite, +/- arsenopyrite occurs locally within the veins and sheared country rock.
Analytical results are summarised in Table 1. In view of the narrow widths and sporadic nature of the gold mineralization associated with the alteration zones, it has been decided not to drill the remaining holes originally planned at Adumbi South.
Table 1. Summary of mineralized intersections at Adumbi South
BHID From (m) To (m) Width (m) Au g/t
ASDD003 108.00 109.00 1.00 3.85
ASDD004 60.40 60.70 0.30 1.07
Kitenge Extension:
The Kitenge Extension target lies to the northwest of the Kitenge prospect, and is defined by an approximately 2 km-long magnetic feature with a coincident gold-in-soil anomaly with values from 50 ppb to 450 ppb. A total of 14 holes (2,170 m) have been completed on 6 traverses (Figure 3).
The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist within a package of quartz-carbonate schist, and the lithological sequence is similar to the Canal prospect southeast of Adumbi. Hydrothermal alteration is associated with strike-parallel shear zones, some of which affect earlier breccia zones containing clasts of vein quartz and country rock, indicating several phases of tectonism and alteration. The hydrothermal activity has caused a general "bleaching" of the sheared host rock, and quartz veins parallel to the foliation are common. Disseminated sulphides (pyrite, +/- pyrrhotite, +/- arsenopyrite) are locally associated with the veins and sheared host rock. Assay results are summarised in Table 2.
Table 2. Summary of mineralized intersections at Kitenge Extension
BHID From (m) To (m) Width (m) Au g/t
SKDD0060 102.00 104.90 2.90 1.05
167.00 168.00 1.00 0.77
SKDD0061 68.40 70.03 1.63 3.05
84.00 85.60 1.60 10.52
106.00 106.83 0.83 1.63
SKDD0063 129.95 130.45 0.50 2.65
140.00 141.00 1.00 0.51
8.85 9.40 0.55 1.53
SKDD0065 81.00 82.00 1.00 0.71
132.00 133.00 1.00 3.08
SKDD0067 51.40 53.20 1.80 0.65
SKDD0068 25.00 25.80 0.80 1.92
SKDD0069 110.00 111.00 1.00 0.63
67.75 69.40 1.65 0.50
72.90 73.90 1.00 0.57
SKDD0070 88.00 96.00 8.00 0.51
108.00 109.00 1.00 0.67
122.90 123.90 1.00 0.63
126.90 127.90 1.00 0.60
71.44 78.80 7.36 1.31
SKDD0071 110.20 111.00 0.80 23.90
131.00 132.00 1.00 0.97
Adumbi West:
The Adumbi West target is defined by a 1.7 km-long linear magnetic anomaly and a coincident gold-in-soil anomaly with values of 50 ppb - 1,000 ppb. This magnetic feature is similar to that which defines the banded ironstone formation (BIF) at the Adumbi prospect. 11 holes totalling 1,555 m were drilled on traverses AWL2 and AWL5 (Figure 4).
Drilling on traverse AWL2 has shown that the strong magnetic anomaly is caused by chlorite schist with abundant disseminated magnetite, rather than the expected BIF. The magnetite-chlorite schist is probably a facies equivalent of the Adumbi BIF, and represents an area where a greater proportion of clastic material was deposited with the chemically precipitated iron oxide.
Intersections of 1.45 m @ 8.53 g/t Au and 1.30 m @ 2.31 g/t Au were drilled in Holes AWDD002 and AWDD004, associated with a zone of quartz veining, silicification and pyritization, on strike with the Dieu Merci artisanal workings to the northwest (Figure 4, Table 3). This zone probably represents the northwestern strike extension of the Adumbi structure, and indicates that the structure is cross-cutting the lithological strike at an acute angle. Whereas at Adumbi the structure is hosted by the chemically reactive BIF, at Adumbi West it is within quartz-carbonate schist in the hangingwall of the Fe-rich horizon.
No further drilling is planned at Adumbi West at this stage.
Table 3. Summary of mineralized intersections at Adumbi West
BHID From (m) To (m) Width (m) Au g/t
AWDD001 35.03 36.00 0.97 0.55
39.00 40.00 1.00 0.70
50.00 51.00 1.00 0.51
AWDD002 140.20 141.65 1.45 8.53
AWDD004 35.40 36.70 1.30 2.31
145.80 146.80 1.00 0.61
AWDD010 56.00 57.00 1.00 0.90
103.87 104.87 1.00 0.76
AWDD011 96.62 96.95 0.33 0.50
Adumbi Prospect:
A program of four drill holes totalling approximately 1,700 m is in progress, to test the depth extensions of a zone of high grade mineralization defined by geological and mineralization modelling of the Adumbi drill hole core. This zone of mineralization is associated with alteration and structural deformation that has completely destroyed the primary host lithological characteristics and is termed Replaced Rock Zone ("RP Zone") (Figure 5).
The RP Zone has been traced along strike for 840 m and down dip to 275 m below surface. The average true width and weighted average grade of all drill hole intersections of the RP Zone is 4.91 meters at 5.44 g/t Au. In the central 480 m portion of the Adumbi prospect the average is 6.41 meters @ 6.25 g/t Au. The RP zone is seen to have potential for underground exploitation, and establishing depth continuity could add significantly to the Company's resource base.
The four drill holes are targeting the down-plunge extensions of relatively high grade shoots within the RP zone, with the aim of intersecting the mineralization about 100 m below the previous deepest drilling (Figure 6). The first hole (SADD0050) has been completed, and intersected the RP zone as follows:
409.38 - 424.45 m = 15.07 m: RP Zone
424.45 - 435.36 m = 10.91 m: Carbonaceous Schist Marker
435.36 - 447.40 m = 12.04 m: RP Zone
The RP zone comprises an alteration assemblage of silica, carbonate, and abundant sulphides (pyrite, pyrrhotite and arsenopyrite representing up to 40% of the rock). Visible gold was observed at a depth of 444 m.
The total down-hole width of the RP zone in SADD0050 is 27.11 m (21.95 m true thickness) which compares with 25.13 m (18.11 m true thickness) in SADD0017, 100 m up-dip (Figure 7). Assay results for SADD0050 are awaited, but the core is similar in appearance to that in SADD0017 which averaged 5.06 g/t over the 25.13 m intersection.
Qualified Person
Howard Fall, B.Sc., PhD, MAusIMM, QP (Geo) is the 'qualified person' (as such term is defined under National Instrument 43-101) of Kilo and has reviewed the scientific and technical information contained in this release.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
- the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km²) held by KGL-Somituri SARL
- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
TORONTO, ONTARIO--(Marketwired - May 4, 2017) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to provide an update on the exploration program on its Imbo Licence (PE9691) within the Ngayu greenstone belt in the northeastern Democratic Republic of Congo ("DRC").
Program highlights
Drilling completed at Adumbi South, Adumbi West and Kitenge targets
First of four holes at Adumbi prospect shows extension of the higher-grade Replaced Rock (RP) Zone to 100 m below previous deepest drill intersections
Field work to generate targets over an area of 4km by 1.5km east of the Imbo River due to commence
Diamond drilling to test coincident gold-in-soil and magnetic anomalies at the Adumbi South, Adumbi West and Kitenge Extension targets has been completed, with a total of 5,132 m drilled in 34 holes. Hydrothermal alteration was found to be associated with strike-parallel shears at all three prospects with intersections of gold mineralization including 7.36 m @ 1.31 g/t, 1.60 m @ 10.52 g/t, 0.80 m @ 23.90 g/t and 1.45 m @ 8.53 g/t.
At the Adumbi prospect, the first of four relatively deep drill holes, designed to test the depth extension of a zone of high-grade mineralization known as the Replaced Rock (RP) Zone, has been completed. Two zones of RP totalling 27 m were intersected, separated by 11 m of carbonaceous schist. This drill hole shows that the RP Zone extends down-dip to a vertical depth of at least 375 m below surface, or 100 m below the previous deepest drill intersections. The Adumbi prospect currently has an Inferred Resource of 19.11 Mt @ 2.2 g/t Au for 1.36 Moz of gold.
In early May, exploration will recommence in the eastern part of the Imbo Licence area, where stream sediment and rock chip sampling indicate an extension of the Adumbi/Kitenge/Manzako mineralized trend over a strike of about 7 km (see the Company's press release of 23 September 2015). The programme will entail soil sampling at 40 m intervals along 160 m-spaced lines, over an area of 4 km x 1.5 km in the central part of the target.
Further details are given below.
Adumbi South:
The Adumbi South target lies 480 m to the south of the Adumbi prospect (Figure 1), and is defined by a 1.4 km-long magnetic anomaly that appears to be demagnetized in places, and a >200 ppb gold-in-soil anomaly. Nine (9) holes (1,407 m) on 3 traverses at a spacing of 160 metres have been completed (Figure 2). The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist, and supports the interpretation that the lithologies at Adumbi South are similar to those at the Canal prospect, which forms the southeastern extension of the main Adumbi mineralization. Hydrothermal pyrite locally replaces disseminated magnetite in the chlorite schist, which together with a deeper weathering profile, is probably responsible for the weakening of the magnetic response on traverses ALS2 to ALS4. Other hydrothermal alteration comprises zones of foliation-parallel quartz veining up to 11 m in width (with individual veins <1 m across); pyrite, +/- pyrrhotite, +/- arsenopyrite occurs locally within the veins and sheared country rock.
Analytical results are summarised in Table 1. In view of the narrow widths and sporadic nature of the gold mineralization associated with the alteration zones, it has been decided not to drill the remaining holes originally planned at Adumbi South.
Table 1. Summary of mineralized intersections at Adumbi South
BHID From (m) To (m) Width (m) Au g/t
ASDD003 108.00 109.00 1.00 3.85
ASDD004 60.40 60.70 0.30 1.07
Kitenge Extension:
The Kitenge Extension target lies to the northwest of the Kitenge prospect, and is defined by an approximately 2 km-long magnetic feature with a coincident gold-in-soil anomaly with values from 50 ppb to 450 ppb. A total of 14 holes (2,170 m) have been completed on 6 traverses (Figure 3).
The drilling has shown that the linear magnetic feature is caused by magnetite-bearing chlorite schist within a package of quartz-carbonate schist, and the lithological sequence is similar to the Canal prospect southeast of Adumbi. Hydrothermal alteration is associated with strike-parallel shear zones, some of which affect earlier breccia zones containing clasts of vein quartz and country rock, indicating several phases of tectonism and alteration. The hydrothermal activity has caused a general "bleaching" of the sheared host rock, and quartz veins parallel to the foliation are common. Disseminated sulphides (pyrite, +/- pyrrhotite, +/- arsenopyrite) are locally associated with the veins and sheared host rock. Assay results are summarised in Table 2.
Table 2. Summary of mineralized intersections at Kitenge Extension
BHID From (m) To (m) Width (m) Au g/t
SKDD0060 102.00 104.90 2.90 1.05
167.00 168.00 1.00 0.77
SKDD0061 68.40 70.03 1.63 3.05
84.00 85.60 1.60 10.52
106.00 106.83 0.83 1.63
SKDD0063 129.95 130.45 0.50 2.65
140.00 141.00 1.00 0.51
8.85 9.40 0.55 1.53
SKDD0065 81.00 82.00 1.00 0.71
132.00 133.00 1.00 3.08
SKDD0067 51.40 53.20 1.80 0.65
SKDD0068 25.00 25.80 0.80 1.92
SKDD0069 110.00 111.00 1.00 0.63
67.75 69.40 1.65 0.50
72.90 73.90 1.00 0.57
SKDD0070 88.00 96.00 8.00 0.51
108.00 109.00 1.00 0.67
122.90 123.90 1.00 0.63
126.90 127.90 1.00 0.60
71.44 78.80 7.36 1.31
SKDD0071 110.20 111.00 0.80 23.90
131.00 132.00 1.00 0.97
Adumbi West:
The Adumbi West target is defined by a 1.7 km-long linear magnetic anomaly and a coincident gold-in-soil anomaly with values of 50 ppb - 1,000 ppb. This magnetic feature is similar to that which defines the banded ironstone formation (BIF) at the Adumbi prospect. 11 holes totalling 1,555 m were drilled on traverses AWL2 and AWL5 (Figure 4).
Drilling on traverse AWL2 has shown that the strong magnetic anomaly is caused by chlorite schist with abundant disseminated magnetite, rather than the expected BIF. The magnetite-chlorite schist is probably a facies equivalent of the Adumbi BIF, and represents an area where a greater proportion of clastic material was deposited with the chemically precipitated iron oxide.
Intersections of 1.45 m @ 8.53 g/t Au and 1.30 m @ 2.31 g/t Au were drilled in Holes AWDD002 and AWDD004, associated with a zone of quartz veining, silicification and pyritization, on strike with the Dieu Merci artisanal workings to the northwest (Figure 4, Table 3). This zone probably represents the northwestern strike extension of the Adumbi structure, and indicates that the structure is cross-cutting the lithological strike at an acute angle. Whereas at Adumbi the structure is hosted by the chemically reactive BIF, at Adumbi West it is within quartz-carbonate schist in the hangingwall of the Fe-rich horizon.
No further drilling is planned at Adumbi West at this stage.
Table 3. Summary of mineralized intersections at Adumbi West
BHID From (m) To (m) Width (m) Au g/t
AWDD001 35.03 36.00 0.97 0.55
39.00 40.00 1.00 0.70
50.00 51.00 1.00 0.51
AWDD002 140.20 141.65 1.45 8.53
AWDD004 35.40 36.70 1.30 2.31
145.80 146.80 1.00 0.61
AWDD010 56.00 57.00 1.00 0.90
103.87 104.87 1.00 0.76
AWDD011 96.62 96.95 0.33 0.50
Adumbi Prospect:
A program of four drill holes totalling approximately 1,700 m is in progress, to test the depth extensions of a zone of high grade mineralization defined by geological and mineralization modelling of the Adumbi drill hole core. This zone of mineralization is associated with alteration and structural deformation that has completely destroyed the primary host lithological characteristics and is termed Replaced Rock Zone ("RP Zone") (Figure 5).
The RP Zone has been traced along strike for 840 m and down dip to 275 m below surface. The average true width and weighted average grade of all drill hole intersections of the RP Zone is 4.91 meters at 5.44 g/t Au. In the central 480 m portion of the Adumbi prospect the average is 6.41 meters @ 6.25 g/t Au. The RP zone is seen to have potential for underground exploitation, and establishing depth continuity could add significantly to the Company's resource base.
The four drill holes are targeting the down-plunge extensions of relatively high grade shoots within the RP zone, with the aim of intersecting the mineralization about 100 m below the previous deepest drilling (Figure 6). The first hole (SADD0050) has been completed, and intersected the RP zone as follows:
409.38 - 424.45 m = 15.07 m: RP Zone
424.45 - 435.36 m = 10.91 m: Carbonaceous Schist Marker
435.36 - 447.40 m = 12.04 m: RP Zone
The RP zone comprises an alteration assemblage of silica, carbonate, and abundant sulphides (pyrite, pyrrhotite and arsenopyrite representing up to 40% of the rock). Visible gold was observed at a depth of 444 m.
The total down-hole width of the RP zone in SADD0050 is 27.11 m (21.95 m true thickness) which compares with 25.13 m (18.11 m true thickness) in SADD0017, 100 m up-dip (Figure 7). Assay results for SADD0050 are awaited, but the core is similar in appearance to that in SADD0017 which averaged 5.06 g/t over the 25.13 m intersection.
Qualified Person
Howard Fall, B.Sc., PhD, MAusIMM, QP (Geo) is the 'qualified person' (as such term is defined under National Instrument 43-101) of Kilo and has reviewed the scientific and technical information contained in this release.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
- the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km²) held by KGL-Somituri SARL
- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
Für die Boardsuche: Nach dem 10:1 Reverse-Split (Ex-Tag 31.03.2014) lautet die neue ISIN CA49427Y5039. Die alte ISIN lautete CA49427Y1079.
Was geht?? Gibt es Gruende fuer den Kursverfall??? Danke.
Antwort auf Beitrag Nr.: 55.193.145 von ooy am 23.06.17 16:22:18
https://rdl.de/beitrag/un-sehen-hinweise-auf-massenmorde-im-…
Aber wenn, dann muss man wohl jetzt einsteigen.
Kabila
Im Kongo siehts einfach mies aus:https://rdl.de/beitrag/un-sehen-hinweise-auf-massenmorde-im-…
Aber wenn, dann muss man wohl jetzt einsteigen.
Antwort auf Beitrag Nr.: 55.231.109 von startvestor am 29.06.17 17:23:24Ja, extremes Risiko und Riesenchance, wenn man das weiss, ist es fuer mich ein Kauf...
Wer kauft auf diesem Schrottniveau?
Danke...
Danke...
Antwort auf Beitrag Nr.: 55.313.068 von ooy am 12.07.17 20:33:48Ich war hier interessiert wegen Resolutes Einstieg. Nun habe ich mal näher geschaut und lass die Finger davon. Die letzte Exploration war ein Desaster. M.E. sollten sie ihren Chefgeologen feuern und neu starten.
Antwort auf Beitrag Nr.: 55.321.336 von startvestor am 13.07.17 21:19:34Ich sehe das Desaster nicht und halte den Wert fuer voellig unterbewertet, ein sehr riskanter Kauf momentan.
Hervorragende Ergebnisse:
Kilo Goldmines Announces Drilling Results: Adumbi Extended Down Dip
TORONTO, ONTARIO--(Marketwired - July 17, 2017) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to provide the results of its completed drill programme to test the down dip extension at the Adumbi Prospect, as well as an update on regional exploration activities on its Imbo Licence (PE9691) falling within the Ngayu greenstone belt in the north-eastern Democratic Republic of Congo ("DRC").
Highlights
• Results from four holes drilled to test the depth extensions of the Replaced Rock ("RP") Zone confirm that the Adumbi mineralization extends down dip to at least 375 m below surface (i.e. about 100 m deeper than defined by previous drilling).
• Width of the mineralization is continuing with depth at similar grades and includes an intersection of 23.45 m @ 6.08 g/t, with visible gold observed in three of the holes.
Significant RP Zone intersections in each hole are:
• SADD0050: 434.73 - 447.42 m = 12.69 m @ 5.51 g/t Au (Including 5.49 m @ 9.67 g/t Au)
• SADD0051: 393.43 - 402.72 m = 9.29 m @ 4.09 g/t Au
• SADD0052: 389.72 - 401.87 m = 12.15 m @ 3.24 g/t Au
419.15 - 428.75 m = 9.60 m @ 5.04 g/t Au
• SADD0053: 346.36 - 355.63 m = 9.27 m @ 3.71 g/t Au
391.72 - 415.17 m = 23.45 m @ 6.08 g/t
• Further mineralogical studies and metallurgical test work is planned to assess the economic potential of the RP Zone.
• The stream sediment (BLEG) sampling programme, intended to identify and prioritise regional exploration targets on five other exploration licences (which cover 240 km² within the Ngayu Belt), is nearing completion.
Drilling - Adumbi Prospect
Previous drilling at the Company's Adumbi prospect (currently with an Inferred Resource of 19.11 Mt @ 2.2 g/t Au for 1.362 Moz of gold) identified a zone of relatively high grade mineralization termed the Replaced Rock (or RP) Zone. The RP Zone is associated with intense alteration and structural deformation that has completely destroyed the primary lithological characteristics of the host rock, and was initially traced along strike for 840 m and down dip to 275 m below surface (Figure 1).
The average true width and weighted average grade of all previous drill hole intersections in the RP Zone is 4.91 meters at 5.44 g/t Au, with the central 480 m of strike averaging 6.41 meters @ 6.25 g/t Au. The RP Zone is seen to have potential for underground exploitation, and establishing depth continuity could add significantly to the Company's resource base. A program of four drill holes totalling 1,776 m was therefore recently completed, with the objective of testing the down-plunge extensions of relatively high grade shoots within the RP Zone, at depths approximately 100 m vertically below the previous deepest intersections (Figures 2 and 3).
The RP Zone was intersected in all four of the new drill holes (SADD0050, SADD0051, SADD0052 and SADD0053, Figures 4 - 7) and comprises Banded Iron Formation (BIF) which has been intensely silicified and sulphidised. Pyrite, pyrrhotite and arsenopyrite occur in varying proportions, and comprise up to 40% of the rock. There is a general, positive, correlation between the amount of sulphides and gold grade, with arsenopyrite frequently associated with higher grade gold values. Visible gold was locally observed in the RP Zone in three drill holes. Less intensely altered rock occurs outside the RP Zones, and also locally carries significant gold grades. Analytical results for the RP and other significant intersections are summarised in Table 1, and completes the results for all drilling to date.
The results show that the RP Zone extends down dip to at least 375 m below surface (i.e. about 100 m deeper than defined by previous drilling) and that the width and grade of the mineralization is continuing with depth. The data also supports the interpretation that the higher-grade shoots within the RP Zone dip steeply to the NW at about 80°. In order to further assess the economic potential of the RP zone, mineralogical studies to determine gold deportment are planned, followed by metallurgical test work.
Table 1.
BHID From
(m) To
(m) Downhole
Width (m) True Width
(m) Grade
(Au g/t) Comments
SADD0050 339.00 340.00 1.00 0.78 1.23
355.00 356.00 1.00 0.79 1.82
395.43 396.04 0.61 0.50 4.80
402.90 403.40 0.50 0.40 9.03
405.40 408.30 2.90 2.35 0.80
409.95 415.80 5.85 4.77 1.77 RP Zone
419.86 424.45 4.59 3.75 1.06 RP Zone
434.73 447.42 12.69 10.48 5.51 RP Zone
Includes:
435.36 440.85 5.49 4.53 9.67
SADD0051 90.60 92.08 1.48 0.66 23.80
Includes:
91.60 92.08 0.48 0.21 54.60
301.31 304.00 2.69 1.78 1.17
312.00 317.00 5.00 3.34 1.44
321.05 325.00 3.95 2.64 2.41
328.80 334.30 5.50 3.70 1.62
339.55 355.48 15.93 10.82 1.30 RP Zone
378.43 379.43 1.00 0.69 13.00
393.43 402.72 9.29 6.48 4.09 RP Zone
SADD0052 74.90 75.90 1.00 0.50 2.10
303.55 308.55 5.00 3.29 1.11
350.70 352.15 1.45 1.00 3.82
375.00 379.45 4.45 3.08 3.53
389.72 401.87 12.15 8.42 3.24 RP Zone
402.57 406.00 3.43 2.42 0.59
407.00 411.00 4.00 2.84 2.05 RP Zone
419.15 428.75 9.60 6.88 5.04 RP Zone
SADD0053 239.30 259.32 20.02 13.65 1.95
Includes:
239.30 247.78 8.48 5.78 3.26
262.32 266.75 4.43 3.02 1.29
292.23 293.18 0.95 0.47 63.90
312.60 319.00 6.40 3.25 0.63
321.00 339.65 18.65 9.59 1.88
Includes:
333.68 339.62 5.94 3.05 3.04
341.28 342.00 0.72 0.37 3.00
346.36 355.63 9.27 4.83 3.71 RP Zone
367.36 374.30 6.94 3.68 2.43 RP Zone
376.07 380.56 4.49 2.42 1.32
383.11 386.42 3.31 1.80 0.85
391.72 415.17 23.45 12.99 6.08 RP Zone from 400.95 - 415.17 m
Other Exploration
A stream sediment (BLEG) sampling programme is underway on 5 licence areas within the Ngayu belt, with the objective of identifying and prioritising targets for follow-up by soil sampling. A planned programme of a total of 315 sampling sites on PE137, PE138, PE140, PE9692 and PE9695 (Figure 8) has been completed and sample preparation is underway prior to submission to an SGS laboratory in Ireland for analyses.
Exploration is also planned in the eastern part of the Imbo Licence, where stream sediment and rock chip sampling indicate an extension of the Adumbi/Kitenge/Manzako mineralized trend over a strike of about 7 km (see the Company's press release of September 23, 2015). The programme will entail soil sampling at 40 m intervals along 160 m-spaced lines, and will be accompanied by geological mapping, rock chip sampling, channel sampling and trenching/augering.
Kilo Goldmines Announces Drilling Results: Adumbi Extended Down Dip
TORONTO, ONTARIO--(Marketwired - July 17, 2017) - Kilo Goldmines Ltd. ("Kilo" or "KGL" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to provide the results of its completed drill programme to test the down dip extension at the Adumbi Prospect, as well as an update on regional exploration activities on its Imbo Licence (PE9691) falling within the Ngayu greenstone belt in the north-eastern Democratic Republic of Congo ("DRC").
Highlights
• Results from four holes drilled to test the depth extensions of the Replaced Rock ("RP") Zone confirm that the Adumbi mineralization extends down dip to at least 375 m below surface (i.e. about 100 m deeper than defined by previous drilling).
• Width of the mineralization is continuing with depth at similar grades and includes an intersection of 23.45 m @ 6.08 g/t, with visible gold observed in three of the holes.
Significant RP Zone intersections in each hole are:
• SADD0050: 434.73 - 447.42 m = 12.69 m @ 5.51 g/t Au (Including 5.49 m @ 9.67 g/t Au)
• SADD0051: 393.43 - 402.72 m = 9.29 m @ 4.09 g/t Au
• SADD0052: 389.72 - 401.87 m = 12.15 m @ 3.24 g/t Au
419.15 - 428.75 m = 9.60 m @ 5.04 g/t Au
• SADD0053: 346.36 - 355.63 m = 9.27 m @ 3.71 g/t Au
391.72 - 415.17 m = 23.45 m @ 6.08 g/t
• Further mineralogical studies and metallurgical test work is planned to assess the economic potential of the RP Zone.
• The stream sediment (BLEG) sampling programme, intended to identify and prioritise regional exploration targets on five other exploration licences (which cover 240 km² within the Ngayu Belt), is nearing completion.
Drilling - Adumbi Prospect
Previous drilling at the Company's Adumbi prospect (currently with an Inferred Resource of 19.11 Mt @ 2.2 g/t Au for 1.362 Moz of gold) identified a zone of relatively high grade mineralization termed the Replaced Rock (or RP) Zone. The RP Zone is associated with intense alteration and structural deformation that has completely destroyed the primary lithological characteristics of the host rock, and was initially traced along strike for 840 m and down dip to 275 m below surface (Figure 1).
The average true width and weighted average grade of all previous drill hole intersections in the RP Zone is 4.91 meters at 5.44 g/t Au, with the central 480 m of strike averaging 6.41 meters @ 6.25 g/t Au. The RP Zone is seen to have potential for underground exploitation, and establishing depth continuity could add significantly to the Company's resource base. A program of four drill holes totalling 1,776 m was therefore recently completed, with the objective of testing the down-plunge extensions of relatively high grade shoots within the RP Zone, at depths approximately 100 m vertically below the previous deepest intersections (Figures 2 and 3).
The RP Zone was intersected in all four of the new drill holes (SADD0050, SADD0051, SADD0052 and SADD0053, Figures 4 - 7) and comprises Banded Iron Formation (BIF) which has been intensely silicified and sulphidised. Pyrite, pyrrhotite and arsenopyrite occur in varying proportions, and comprise up to 40% of the rock. There is a general, positive, correlation between the amount of sulphides and gold grade, with arsenopyrite frequently associated with higher grade gold values. Visible gold was locally observed in the RP Zone in three drill holes. Less intensely altered rock occurs outside the RP Zones, and also locally carries significant gold grades. Analytical results for the RP and other significant intersections are summarised in Table 1, and completes the results for all drilling to date.
The results show that the RP Zone extends down dip to at least 375 m below surface (i.e. about 100 m deeper than defined by previous drilling) and that the width and grade of the mineralization is continuing with depth. The data also supports the interpretation that the higher-grade shoots within the RP Zone dip steeply to the NW at about 80°. In order to further assess the economic potential of the RP zone, mineralogical studies to determine gold deportment are planned, followed by metallurgical test work.
Table 1.
BHID From
(m) To
(m) Downhole
Width (m) True Width
(m) Grade
(Au g/t) Comments
SADD0050 339.00 340.00 1.00 0.78 1.23
355.00 356.00 1.00 0.79 1.82
395.43 396.04 0.61 0.50 4.80
402.90 403.40 0.50 0.40 9.03
405.40 408.30 2.90 2.35 0.80
409.95 415.80 5.85 4.77 1.77 RP Zone
419.86 424.45 4.59 3.75 1.06 RP Zone
434.73 447.42 12.69 10.48 5.51 RP Zone
Includes:
435.36 440.85 5.49 4.53 9.67
SADD0051 90.60 92.08 1.48 0.66 23.80
Includes:
91.60 92.08 0.48 0.21 54.60
301.31 304.00 2.69 1.78 1.17
312.00 317.00 5.00 3.34 1.44
321.05 325.00 3.95 2.64 2.41
328.80 334.30 5.50 3.70 1.62
339.55 355.48 15.93 10.82 1.30 RP Zone
378.43 379.43 1.00 0.69 13.00
393.43 402.72 9.29 6.48 4.09 RP Zone
SADD0052 74.90 75.90 1.00 0.50 2.10
303.55 308.55 5.00 3.29 1.11
350.70 352.15 1.45 1.00 3.82
375.00 379.45 4.45 3.08 3.53
389.72 401.87 12.15 8.42 3.24 RP Zone
402.57 406.00 3.43 2.42 0.59
407.00 411.00 4.00 2.84 2.05 RP Zone
419.15 428.75 9.60 6.88 5.04 RP Zone
SADD0053 239.30 259.32 20.02 13.65 1.95
Includes:
239.30 247.78 8.48 5.78 3.26
262.32 266.75 4.43 3.02 1.29
292.23 293.18 0.95 0.47 63.90
312.60 319.00 6.40 3.25 0.63
321.00 339.65 18.65 9.59 1.88
Includes:
333.68 339.62 5.94 3.05 3.04
341.28 342.00 0.72 0.37 3.00
346.36 355.63 9.27 4.83 3.71 RP Zone
367.36 374.30 6.94 3.68 2.43 RP Zone
376.07 380.56 4.49 2.42 1.32
383.11 386.42 3.31 1.80 0.85
391.72 415.17 23.45 12.99 6.08 RP Zone from 400.95 - 415.17 m
Other Exploration
A stream sediment (BLEG) sampling programme is underway on 5 licence areas within the Ngayu belt, with the objective of identifying and prioritising targets for follow-up by soil sampling. A planned programme of a total of 315 sampling sites on PE137, PE138, PE140, PE9692 and PE9695 (Figure 8) has been completed and sample preparation is underway prior to submission to an SGS laboratory in Ireland for analyses.
Exploration is also planned in the eastern part of the Imbo Licence, where stream sediment and rock chip sampling indicate an extension of the Adumbi/Kitenge/Manzako mineralized trend over a strike of about 7 km (see the Company's press release of September 23, 2015). The programme will entail soil sampling at 40 m intervals along 160 m-spaced lines, and will be accompanied by geological mapping, rock chip sampling, channel sampling and trenching/augering.
RE:RE:RE:RE:RE:TABLE POUNDING BUY!!!
I totally agree. KGL has a great upside potential especially if political situation in DRC will improve. With this kind of results it's almost impossible to find any other stocks at 4 cents, which I don't think will last for long.
Read more at http://www.stockhouse.com/companies/bullboard#1f1UPw53LFQpf6…
I totally agree. KGL has a great upside potential especially if political situation in DRC will improve. With this kind of results it's almost impossible to find any other stocks at 4 cents, which I don't think will last for long.
Read more at http://www.stockhouse.com/companies/bullboard#1f1UPw53LFQpf6…
Kilo Goldmines Stream Sediment Sampling Defines New Gold Exploration Targets Within the Ngayu Greenstone Belt
TORONTO, Sept. 26, 2017 (GLOBE NEWSWIRE) -- Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company") (TSX-V:KGL) (FRANKFURT:02K) is pleased to provide the results of a BLEG (Bulk Leach Extractable Gold) stream sediment sampling program on five licences within the Ngayu greenstone belt in the north-eastern Democratic Republic of Congo ("DRC").
Figure 1. Licences in the Ngayu greenstone belt
Figure 1. Licences in the Ngayu greenstone belt
Figure 2. Comparison of Original Samples and Field Duplicate - Ngayu BLEG Program
Figure 2. Comparison of Original Samples and Field Duplicate - Ngayu BLEG Program
Figure 3. BLEG Sampling Results for PE 9692 (Au ppb)
Figure 3. BLEG Sampling Results for PE 9692 (Au ppb)
Figure 4. BLEG Sampling Results for PE 9695 (Au ppb)
Figure 4. BLEG Sampling Results for PE 9695 (Au ppb)
Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3d457c4a-…
http://www.globenewswire.com/NewsRoom/AttachmentNg/ec39f1ba-…
http://www.globenewswire.com/NewsRoom/AttachmentNg/5e1819bb-…
http://www.globenewswire.com/NewsRoom/AttachmentNg/cb438ecc-…
HIGHLIGHTS
Three well-defined BLEG anomalies have been located as follows:
In the northern part of PE9692, where anomalous values of 21 - 41 ppb Au (compared to background values of <3 ppb) indicate the potential for mineralization over a strike of about 2 km. Follow-up mapping and rock chip sampling have shown the presence of mineralized BIF (Banded Iron Formation) forming an anticlinal fold closure, with values up to 5.70 g/t Au.
In the southwestern part of PE9692, a stream catchment with an anomalous value of 65 ppb Au indicates a potential extension of mineralization from the adjacent Loncor Itali prospect.
In the southern part of PE9695, a strong anomaly with values up to 372 ppb, indicates the possible presence of mineralization parallel to Loncor’s Yindi prospect located 4 km to the southwest.
BLEG SAMPLING PROGRAM
The BLEG sampling program was carried out on five of the Company’s exploration licences in the Ngayu greenstone belt (PE137, PE138, PE140, PE9692 and PE9695), the locations of which are shown in Figure 1. Drainage catchments within these licences were defined using hydrography vector maps derived from 50 cm stereo satellite photos by Photosat, Canada. A total of 310 catchments were sampled over an area of 239 km2, resulting in an average catchment size of 0.77 km2.
At each sampling site, 3 kg of the finest-grained sediment (mud) was collected from the top of the steam bed. A duplicate sample was taken at every fifth site for quality control purposes. The samples were thoroughly dried at the Company’s base camp at Adumbi, and 1.1 kg of each sample was sent to ALS Minerals in Ireland for analysis. Gold was analysed by cyanide leach bottle roll on 1 kg of sample. Arsenic, and a suite of 51 other elements, were determined by aqua regia digestion of 0.5 g of sample followed by ICP-MS and ICP-AES.
QUALITY CONTROL
Analytical quality was assessed by means of randomly-inserted standard reference materials and blanks. All standards passed the Company’s QC criteria and 15 of the 16 blank samples returned values <1 ppb Au; one blank assayed 2.3 ppb. Sample representivity was assessed by comparing analyses of the original samples with 46 field duplicates; good correlations were obtained (see examples in Figure 2) indicating that the sampling technique produced reliable, representative samples with a low nugget effect.
ANALYTICAL RESULTS
PE9692. As shown in Figure 3, anomalous gold values of 21 - 41 ppb Au were returned for catchments over an area of approximately 3 km x 2 km in the northern part of the licence, with background values of up to 3 ppb Au dominating in the southeast. The northern anomaly coincides with an area of artisanal alluvial mining activity, and following the BLEG sampling, was further investigated by mapping and rock chip sampling. As shown in Figure 4, the area is underlain by BIF interlayered with chlorite schist, carbonaceous schist and quartz-sericite schist, which is interpreted to form the closure of a northerly-plunging anticline and to represent a very favourable litho-structural setting for gold mineralization. Sulphidised BIF was found in outcrop and float at a number of localities, and as shown in Figure 4, values of up to 5.70 g/t were returned from rock chip samples. Auriferous quartz veins were also sampled in several localities, and are being exploited by artisanal miners in a bedrock working in the northwest of the mapped block.
An anomalous BLEG result of 65 ppb Au was returned for a catchment in the southwest of PE9692. This area lies immediately to the east of Loncor Resources’ Itali prospect, and probably indicates an extension of the Itali mineralization onto the Company’s licence.
Arsenic values show a general correlation with gold in PE9695, although the arsenic anomalies are less well-defined, probably due to greater dispersion in both the primary mineralization and tropical weathering environment. A similar relationship was also found in the other licence areas.
PE9695. A strong BLEG anomaly is present in the south of PE9695, with values of 40 – 372 ppb Au occurring in catchments covering over an area of about 4 km2 (Figure 4). The source of the anomalism appears to be located approximately 4 km to the northeast of Loncor’s Yindi Prospect, and may represent a parallel (i.e. northwest-trending) mineralized zone.
PE137 and PE140. All BLEG samples from PE137 returned background values of <2 ppb. Although two isolated samples from PE140 returned elevated values of 5.5 ppb Au and 7.0 ppb Au, the mineralization potential of both these licences is considered to be low.
PE138. This licence is located in flat-lying terrain immediately to the north of the Ngayu River with four streams flowing southwards through the property. However, three of these streams traverse an area of intense artisanal activity 1 – 2 km north of the licence boundary, and the anomalous values of 21 – 217 ppb Au therefore probably represent contamination from this area. A stream in the east, which originates within PE138, returned low Au values. Although the geometry of the drainage system has not enabled the whole area to be assessed by the BLEG survey, further work will be difficult due to extensive alluvial cover from the Ngayu River flood plain, and the property is considered to be a low exploration priority.
FURTHER EXPLORATION
Additional work is warranted in the three areas of BLEG anomalism on PE9692 and PE9695 described above. A programme would entail soil sampling over the anomalous catchments, initially at a line spacing of 160 m, with infill at 80 m depending on results. Soil anomalies would be further investigated by trenching and/or mechanical augering, with the objective of defining mineralized targets for drill testing.
TORONTO, Sept. 26, 2017 (GLOBE NEWSWIRE) -- Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company") (TSX-V:KGL) (FRANKFURT:02K) is pleased to provide the results of a BLEG (Bulk Leach Extractable Gold) stream sediment sampling program on five licences within the Ngayu greenstone belt in the north-eastern Democratic Republic of Congo ("DRC").
Figure 1. Licences in the Ngayu greenstone belt
Figure 1. Licences in the Ngayu greenstone belt
Figure 2. Comparison of Original Samples and Field Duplicate - Ngayu BLEG Program
Figure 2. Comparison of Original Samples and Field Duplicate - Ngayu BLEG Program
Figure 3. BLEG Sampling Results for PE 9692 (Au ppb)
Figure 3. BLEG Sampling Results for PE 9692 (Au ppb)
Figure 4. BLEG Sampling Results for PE 9695 (Au ppb)
Figure 4. BLEG Sampling Results for PE 9695 (Au ppb)
Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3d457c4a-…
http://www.globenewswire.com/NewsRoom/AttachmentNg/ec39f1ba-…
http://www.globenewswire.com/NewsRoom/AttachmentNg/5e1819bb-…
http://www.globenewswire.com/NewsRoom/AttachmentNg/cb438ecc-…
HIGHLIGHTS
Three well-defined BLEG anomalies have been located as follows:
In the northern part of PE9692, where anomalous values of 21 - 41 ppb Au (compared to background values of <3 ppb) indicate the potential for mineralization over a strike of about 2 km. Follow-up mapping and rock chip sampling have shown the presence of mineralized BIF (Banded Iron Formation) forming an anticlinal fold closure, with values up to 5.70 g/t Au.
In the southwestern part of PE9692, a stream catchment with an anomalous value of 65 ppb Au indicates a potential extension of mineralization from the adjacent Loncor Itali prospect.
In the southern part of PE9695, a strong anomaly with values up to 372 ppb, indicates the possible presence of mineralization parallel to Loncor’s Yindi prospect located 4 km to the southwest.
BLEG SAMPLING PROGRAM
The BLEG sampling program was carried out on five of the Company’s exploration licences in the Ngayu greenstone belt (PE137, PE138, PE140, PE9692 and PE9695), the locations of which are shown in Figure 1. Drainage catchments within these licences were defined using hydrography vector maps derived from 50 cm stereo satellite photos by Photosat, Canada. A total of 310 catchments were sampled over an area of 239 km2, resulting in an average catchment size of 0.77 km2.
At each sampling site, 3 kg of the finest-grained sediment (mud) was collected from the top of the steam bed. A duplicate sample was taken at every fifth site for quality control purposes. The samples were thoroughly dried at the Company’s base camp at Adumbi, and 1.1 kg of each sample was sent to ALS Minerals in Ireland for analysis. Gold was analysed by cyanide leach bottle roll on 1 kg of sample. Arsenic, and a suite of 51 other elements, were determined by aqua regia digestion of 0.5 g of sample followed by ICP-MS and ICP-AES.
QUALITY CONTROL
Analytical quality was assessed by means of randomly-inserted standard reference materials and blanks. All standards passed the Company’s QC criteria and 15 of the 16 blank samples returned values <1 ppb Au; one blank assayed 2.3 ppb. Sample representivity was assessed by comparing analyses of the original samples with 46 field duplicates; good correlations were obtained (see examples in Figure 2) indicating that the sampling technique produced reliable, representative samples with a low nugget effect.
ANALYTICAL RESULTS
PE9692. As shown in Figure 3, anomalous gold values of 21 - 41 ppb Au were returned for catchments over an area of approximately 3 km x 2 km in the northern part of the licence, with background values of up to 3 ppb Au dominating in the southeast. The northern anomaly coincides with an area of artisanal alluvial mining activity, and following the BLEG sampling, was further investigated by mapping and rock chip sampling. As shown in Figure 4, the area is underlain by BIF interlayered with chlorite schist, carbonaceous schist and quartz-sericite schist, which is interpreted to form the closure of a northerly-plunging anticline and to represent a very favourable litho-structural setting for gold mineralization. Sulphidised BIF was found in outcrop and float at a number of localities, and as shown in Figure 4, values of up to 5.70 g/t were returned from rock chip samples. Auriferous quartz veins were also sampled in several localities, and are being exploited by artisanal miners in a bedrock working in the northwest of the mapped block.
An anomalous BLEG result of 65 ppb Au was returned for a catchment in the southwest of PE9692. This area lies immediately to the east of Loncor Resources’ Itali prospect, and probably indicates an extension of the Itali mineralization onto the Company’s licence.
Arsenic values show a general correlation with gold in PE9695, although the arsenic anomalies are less well-defined, probably due to greater dispersion in both the primary mineralization and tropical weathering environment. A similar relationship was also found in the other licence areas.
PE9695. A strong BLEG anomaly is present in the south of PE9695, with values of 40 – 372 ppb Au occurring in catchments covering over an area of about 4 km2 (Figure 4). The source of the anomalism appears to be located approximately 4 km to the northeast of Loncor’s Yindi Prospect, and may represent a parallel (i.e. northwest-trending) mineralized zone.
PE137 and PE140. All BLEG samples from PE137 returned background values of <2 ppb. Although two isolated samples from PE140 returned elevated values of 5.5 ppb Au and 7.0 ppb Au, the mineralization potential of both these licences is considered to be low.
PE138. This licence is located in flat-lying terrain immediately to the north of the Ngayu River with four streams flowing southwards through the property. However, three of these streams traverse an area of intense artisanal activity 1 – 2 km north of the licence boundary, and the anomalous values of 21 – 217 ppb Au therefore probably represent contamination from this area. A stream in the east, which originates within PE138, returned low Au values. Although the geometry of the drainage system has not enabled the whole area to be assessed by the BLEG survey, further work will be difficult due to extensive alluvial cover from the Ngayu River flood plain, and the property is considered to be a low exploration priority.
FURTHER EXPLORATION
Additional work is warranted in the three areas of BLEG anomalism on PE9692 and PE9695 described above. A programme would entail soil sampling over the anomalous catchments, initially at a line spacing of 160 m, with infill at 80 m depending on results. Soil anomalies would be further investigated by trenching and/or mechanical augering, with the objective of defining mineralized targets for drill testing.
Kilo Applies for Extension of Warrants
TORONTO, Oct. 27, 2017 (GLOBE NEWSWIRE) -- Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) announced today that it has applied to the TSX Venture Exchange for acceptance to extend the expiry date of 12,993,386 outstanding common share purchase warrants for an additional twelve month period to December 24, 2018. Each warrant currently entitles the holder to purchase one common share of the Company at a price of $0.095 per share until December 24, 2017. Insiders of the Company own approximately 2.2% of the outstanding warrants. The extension of the warrants is subject to acceptance by the TSX Venture Exchange.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km²) held by KGL-Somituri SARL
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
TORONTO, Oct. 27, 2017 (GLOBE NEWSWIRE) -- Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) announced today that it has applied to the TSX Venture Exchange for acceptance to extend the expiry date of 12,993,386 outstanding common share purchase warrants for an additional twelve month period to December 24, 2018. Each warrant currently entitles the holder to purchase one common share of the Company at a price of $0.095 per share until December 24, 2017. Insiders of the Company own approximately 2.2% of the outstanding warrants. The extension of the warrants is subject to acceptance by the TSX Venture Exchange.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km²) held by KGL-Somituri SARL
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
RE:RE:no news
Huge sel orders liquidating into year end and as off last night Tax year end is finished. Hugely undervalued at 0.03c and overhang at 4c is cleared stock should trade back over 0.05c - 0.10c in the new year.
Read more at http://www.stockhouse.com/companies/bullboard#QHDIDrQWW0HtTH…
Huge sel orders liquidating into year end and as off last night Tax year end is finished. Hugely undervalued at 0.03c and overhang at 4c is cleared stock should trade back over 0.05c - 0.10c in the new year.
Read more at http://www.stockhouse.com/companies/bullboard#QHDIDrQWW0HtTH…
This one is so cheap!!!
At the moment these guys are being given around $3.00 an ounce FD minus cash lol it’s ludicrous compared to an industry average well over $20.00 an ounce so some point at the fact their land is in the DRC yet I fail to see when it’s stopped these guys from conducting business. This is just way to cheap $10 milllion pp was done at .10 all warrants are .135 and up lots at .25 and .50 these prices are among the best I have ever seen downside non existent upside tremendous. Add to that they have nearly 2 million ounces already with further huge upside and a massive land package and Rangold a massive partner for the south property. No wonder house 9 has accumulated $100 000 worth of shares in the last couple days wouldn’t surprise me to see a take out here of .15-.20 minimum!!
Read more at http://www.stockhouse.com/companies/bullboard#VHQrstXIJhg6U2…
At the moment these guys are being given around $3.00 an ounce FD minus cash lol it’s ludicrous compared to an industry average well over $20.00 an ounce so some point at the fact their land is in the DRC yet I fail to see when it’s stopped these guys from conducting business. This is just way to cheap $10 milllion pp was done at .10 all warrants are .135 and up lots at .25 and .50 these prices are among the best I have ever seen downside non existent upside tremendous. Add to that they have nearly 2 million ounces already with further huge upside and a massive land package and Rangold a massive partner for the south property. No wonder house 9 has accumulated $100 000 worth of shares in the last couple days wouldn’t surprise me to see a take out here of .15-.20 minimum!!
Read more at http://www.stockhouse.com/companies/bullboard#VHQrstXIJhg6U2…
Gold predictions for 2018. KiloGoldCoin for 4c
2018 Predictions BY TRADITION GOLD Economic & Geopolitical News Doug Kass is the president of Seabreeze Partners Management Inc. Until 1996, he was a senior portfolio manager at Omega Advisers, which is a $6 billion investment partnership. Said differently, he is a well known Wall Street pro that covers all investment topics, not just equities. Every year Mr. Kass puts out a list of predictions for the following year that are sometimes quite accurate, and if nothing else, entertaining. His recent recent predictions contained fifteen different subjects, with #4 being the most interesting: The Cryptocurrency Bubbles Pops and Gold Goes To All-Time Highs. My Surprise is that though bitcoin becomes ever-more popular over the near term and rises to more than $21,000, the price plummets to under $2,000 during 2018. My surprise is that bitcoin trades above my target of $21,119 by early January but crashes in 2018 to under $2,000 and falls toward and eventually below the cost of mining the cryptocurrency, which today is about $1,000 to $1,500. The initial pause and sizable break lower in bitcoins price is when market participants begin to realize more fully that the supply of cryptocurrencies, in the aggregate, is unlimited with low entry barriers. The threat and realization of this risk is prompted by Apple Inc. (AAPL) and Amazon.com Inc. (AMZN) , which introduce their own easy-to-use and faster cryptocurrency blockchains. (Note: Amazon already has received a patent for its own blockchain technology 8,719,131 see here and here.) JPMorgan Chase & Co. (JPM) causes a stir after CEO Jamie Dimons previously negative comments on bitcoin by introducing JPMorgan E-cash, its own cryptocurrency. Soon thereafter, other banks follow suit. As well, several governments (including the U.S.) introduce their own government-based cryptocurrencies based on their desire to continue to control policy levers such as money supply and fiscal policy. The eventual demise for bitcoin commences in earnest when it is revealed in a New York Times expose that less than 10 entities, mostly residing in China and Japan, are found to have manipulated the price of bitcoins higher in Ponzi-scheme fashion over the last two years. The cryptocurrency bubble finally collapses in dramatic fashion and falls in value by 90% as a result of direct government intervention and a successful hacking where thieves penetrate the blockchain code and steal a large amount of coins. Bitcoin will ultimately assume a permanent place in the Speculative Hall of Fame, along with tulips (1636-37), the dot.com bust (1999-2000), the housing bubble (2005-07) and the South Sea Bubble (1711-20), as traders and investors learn the lesson, once again, that an asset class founded on the notion that there is a greater fool who will be willing to buy that asset for more than the previous fool paid, almost always ends in disaster. The year 2018 will be one in which investors come to understand that blockchain technology a distributed database of records of transactions that are executed and shared among participating parties and are validated by a network of users, called miners, who contribute computing power in exchange for the chance to garner coins using a shared database and distributed processing is real (each transaction is encrypted and cant be replicated or altered), but that bitcoin is a mirage and becomes, like many past schemes, a byword forPonzi-like nostalgia. Interest in gold, which has been sidelined for months amid the cryptocurrency frenzy, regains popularity, reverses direction from the lower left to the upper right and moves higher in price. In an abrupt and swift flight to alternative safety, gold makes new all-time highs and becomes the single best-performing asset class in 2018. That was quite a prediction for the coming year, especially for the frothy crypto market. Its always a good time to invest in gold, but if this prediction is even partially correct, then a gold investment now in your gold IRA would be a wise move.
Read more at http://www.stockhouse.com/companies/bullboard#Bcu5E8HLyzzfME…
2018 Predictions BY TRADITION GOLD Economic & Geopolitical News Doug Kass is the president of Seabreeze Partners Management Inc. Until 1996, he was a senior portfolio manager at Omega Advisers, which is a $6 billion investment partnership. Said differently, he is a well known Wall Street pro that covers all investment topics, not just equities. Every year Mr. Kass puts out a list of predictions for the following year that are sometimes quite accurate, and if nothing else, entertaining. His recent recent predictions contained fifteen different subjects, with #4 being the most interesting: The Cryptocurrency Bubbles Pops and Gold Goes To All-Time Highs. My Surprise is that though bitcoin becomes ever-more popular over the near term and rises to more than $21,000, the price plummets to under $2,000 during 2018. My surprise is that bitcoin trades above my target of $21,119 by early January but crashes in 2018 to under $2,000 and falls toward and eventually below the cost of mining the cryptocurrency, which today is about $1,000 to $1,500. The initial pause and sizable break lower in bitcoins price is when market participants begin to realize more fully that the supply of cryptocurrencies, in the aggregate, is unlimited with low entry barriers. The threat and realization of this risk is prompted by Apple Inc. (AAPL) and Amazon.com Inc. (AMZN) , which introduce their own easy-to-use and faster cryptocurrency blockchains. (Note: Amazon already has received a patent for its own blockchain technology 8,719,131 see here and here.) JPMorgan Chase & Co. (JPM) causes a stir after CEO Jamie Dimons previously negative comments on bitcoin by introducing JPMorgan E-cash, its own cryptocurrency. Soon thereafter, other banks follow suit. As well, several governments (including the U.S.) introduce their own government-based cryptocurrencies based on their desire to continue to control policy levers such as money supply and fiscal policy. The eventual demise for bitcoin commences in earnest when it is revealed in a New York Times expose that less than 10 entities, mostly residing in China and Japan, are found to have manipulated the price of bitcoins higher in Ponzi-scheme fashion over the last two years. The cryptocurrency bubble finally collapses in dramatic fashion and falls in value by 90% as a result of direct government intervention and a successful hacking where thieves penetrate the blockchain code and steal a large amount of coins. Bitcoin will ultimately assume a permanent place in the Speculative Hall of Fame, along with tulips (1636-37), the dot.com bust (1999-2000), the housing bubble (2005-07) and the South Sea Bubble (1711-20), as traders and investors learn the lesson, once again, that an asset class founded on the notion that there is a greater fool who will be willing to buy that asset for more than the previous fool paid, almost always ends in disaster. The year 2018 will be one in which investors come to understand that blockchain technology a distributed database of records of transactions that are executed and shared among participating parties and are validated by a network of users, called miners, who contribute computing power in exchange for the chance to garner coins using a shared database and distributed processing is real (each transaction is encrypted and cant be replicated or altered), but that bitcoin is a mirage and becomes, like many past schemes, a byword forPonzi-like nostalgia. Interest in gold, which has been sidelined for months amid the cryptocurrency frenzy, regains popularity, reverses direction from the lower left to the upper right and moves higher in price. In an abrupt and swift flight to alternative safety, gold makes new all-time highs and becomes the single best-performing asset class in 2018. That was quite a prediction for the coming year, especially for the frothy crypto market. Its always a good time to invest in gold, but if this prediction is even partially correct, then a gold investment now in your gold IRA would be a wise move.
Read more at http://www.stockhouse.com/companies/bullboard#Bcu5E8HLyzzfME…
Kilo Goldmines Adopts Amendment to By-laws Requiring Advance Notice of Nomination of Directors
TORONTO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) announced today that, subject to regulatory approval, it has adopted an amendment to its by-laws, similar to by-law amendments and policies adopted by numerous other Canadian public companies, requiring advance notice to the Company for nominations of directors by shareholders other than through a requisitioned meeting or by way of a shareholder proposal pursuant to applicable corporate laws.
The by-law amendment is not intended to discourage director nominations but rather to facilitate orderly and efficient meetings at which directors are to be elected and to permit shareholders to register an informed vote by allowing them to receive sufficient information with respect to all director nominees and reasonable time for appropriate deliberation.
The by-law amendment provides shareholders, directors and management of the Company with a clear framework for nominating directors in an orderly and fair manner. The by-law amendment fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form in order for any director nominee to be eligible for election at any annual or special meeting of shareholders.
In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.
In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.
The by-law amendment is effective immediately, is subject to regulatory approval and will be placed before shareholders for confirmation at the Company’s annual and special meeting of shareholders to be held on March 8, 2018. To be deemed to be timely delivered, notice in accordance with the by-law amendment of persons to be nominated for election as directors at the March 8, 2018 meeting must be received by the Secretary of the Company no later than 5:00 p.m. (Toronto time) on February 6, 2018. A copy of the by-law amendment has been filed and is available under the Company's profile at www.sedar.com.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km²) held by KGL-Somituri SARL
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
For further information, please contact:
Philip Gibbs
Interim CEO
+1 416 360 3406
philip.gibbs@kilogoldmines.com
www.kilogoldmines.com
Disclaimer
TORONTO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Kilo Goldmines Ltd. ("Kilo" or “KGL” or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) announced today that, subject to regulatory approval, it has adopted an amendment to its by-laws, similar to by-law amendments and policies adopted by numerous other Canadian public companies, requiring advance notice to the Company for nominations of directors by shareholders other than through a requisitioned meeting or by way of a shareholder proposal pursuant to applicable corporate laws.
The by-law amendment is not intended to discourage director nominations but rather to facilitate orderly and efficient meetings at which directors are to be elected and to permit shareholders to register an informed vote by allowing them to receive sufficient information with respect to all director nominees and reasonable time for appropriate deliberation.
The by-law amendment provides shareholders, directors and management of the Company with a clear framework for nominating directors in an orderly and fair manner. The by-law amendment fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form in order for any director nominee to be eligible for election at any annual or special meeting of shareholders.
In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.
In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.
The by-law amendment is effective immediately, is subject to regulatory approval and will be placed before shareholders for confirmation at the Company’s annual and special meeting of shareholders to be held on March 8, 2018. To be deemed to be timely delivered, notice in accordance with the by-law amendment of persons to be nominated for election as directors at the March 8, 2018 meeting must be received by the Secretary of the Company no later than 5:00 p.m. (Toronto time) on February 6, 2018. A copy of the by-law amendment has been filed and is available under the Company's profile at www.sedar.com.
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 2,417 km² of prospective Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Incorporated within these licences is:
the Somituri project (71.25% owned by KGL), comprising six contiguous licences (361km²) held by KGL-Somituri SARL
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2,056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.
KGL has retained the rights to explore for and develop iron ore resources and other minerals associated with the licences held by KGL Isiro SARL.
For further information, please contact:
Philip Gibbs
Interim CEO
+1 416 360 3406
philip.gibbs@kilogoldmines.com
www.kilogoldmines.com
Disclaimer
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