Welcome to Kilo Goldmines
Kilo Goldmines Ltd (Kilo) is an exploration and resource development company with gold and iron ore prospects and resources in the northeastern portion of the Democratic Republic of Congo (DRC) and a non-participatory interest (20%), subject to dilution, in an iron ore prospect in Afghanistan, namely the "Hajigak Project".
We are listed on the Toronto Stock Exchange - Venture ("TSX-V") under the symbol 'KGL' and on the Frankfurt Stock Exchange under the symbol '02K'. Our corporate strategy is to advance solely, or in partnership, our gold and iron ore prospects and resources, in what is defined as the "Kilo-Moto" region, a semi-continuous Archaean Kabalian greenstone belt in the northeast DRC.
In the northeast DRC, we have delineated a 1.67 Moz @ 2.5 g/t NI 43-101 inferred gold resource estimate on our Imbo Licence, one of the eight exploitation licences which form part of the greater "Somituri Project". We are now delineating a number of other highly prospective targets within a 5 km radius of this resource, with the ultimate objective being to grow the gold resource base on this licence significantly and create a multi-pit operating mine of regional significance.
We firmly believe that the DRC is significantly underdeveloped with respect to its resource potential and represents a significant business opportunity for early entrants and for those who understand how to operate in this country.
Due to civil wars post independence, the DRC has been starved of foreign direct investment (FDI), right through to 2006 and 2007. Since this time however, the DRC has seen significant growth in FDI and we as a company believe that the economic, legal and political enablers are now in place for this to continue, see "FDI Graph" (ANAPI) and "GDP Growth Graph" (Economy Watch).