Recent News
Apr 12, 2012
Kilo Announces Preliminary Metallurgical Test Work Results on Adumbi Gold Deposit, Somituri Project, DRC
Mar 21, 2012
Kilo Grants Stock Options to a Director, an Officer and a Consultant
Mar 15, 2012
Kilo Announces Updated Mineral Resource Estimate; Gold Grade Increases an Average of 18% on Adumbi
Mar 9, 2012
Kilo Goldmines Announces Election of New Director
Feb 21, 2012
Kilo Drilling Intersects 3.09 g/t Gold Over 33.68 m on Adumbi Gold Deposit, Somituri Project, DRC
Overview
Kilo Goldmines Ltd. is a gold exploration and development company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The company is actively drilling several past producing mines in the Democratic Republic of Congo (DRC). Key targets are ~200 km away from the Moto discovery (20M+ oz) and ~450km away from Banro (11M+ oz).
Investment Highlights
- 1.9 Million oz Au at 1.6g/t Au (0.5g/t Au cut-off) or 1.6 MMoz at 2.0g/T Au (1.0g/T Au cut-off) updated inferred mineral resource estimate for the Adumbi Deposit, Somituri Project (announced Mar. 2012)
- Adumbi Deposit starts at surface of a hill 130m above base level (i.e. open-pittable; very low stripping ratio) and has favourable/simple CIL metallurgy
- Experienced management team with a history of success in Africa & DRC
- Established camp with good infrastructure
- Strategic partnership with Rio Tinto for iron ore assets
- Blue sky potential; large land package (+7,000 km2) of highly prospective ground in the Kibalian greenstone belt
