Kilo Goldmines Ltd. (TSX Venture: KGL; Frankfurt: 02K) (�Kilo� or
the �Company�) announced that Stuart Thomson has joined the company as
Vice President Operations. Mr. Thomson's appointment is subject to regulatory
approval.
Mr Thomson originates from New Zealand and has a
master�s degree in Chemical and Materials Engineering and has over 20 years experience in the resource industry. Over this period
he has worked in Australia, Africa (Botswana, Mali, South Africa, Zambia and Zimbabwe),
Europe (Ireland) and South America (Brazil).
In these countries he has worked in an operational, project development
and process/business/strategy/environmental consulting role in the base metals,
precious metals, industrial minerals and coal/energy sectors. Mr Thomson has also represented an international mining
house at a governmental/industry level on strategic issues facing the mining
industry, as well as providing technical/business input at a board level.
Prior to joining Kilo, Mr Thomson has held
various roles from graduate engineer to senior management, with: Queensland
Nickel in Australia, Anglo American in South Africa and major international
EPCM contractors such AMEC and Fluor Daniel.
Mr Thomson brings a broad spectrum of experience
to Kilo across the gold value chain, from resource development to project
closure. In addition, he has an in-depth knowledge of both refractory and
non-refractory gold ore bodies along with the associated
technical/environmental/business constraints.
Alex van
Hoeken, President & CEO,
commented �Stuart�s experience will provide significant support for Kilo
Goldmines and his skill set will be drawn upon to implement various technical
and business systems and procedures to ensure accountability to the board and to
shareholders. In addition, he will be responsible for the necessary studies to
support the development of the resource through the various project stagegates to production�.
In conjunction with Mr.
Thomson�s appointment, which was effective January 15, 2012, and subject to
regulatory approval, Kilo has granted him stock options to acquire 300,000
common shares of the Company exercisable for a three year period at a price of
$0.20 per share.
About
Kilo
Kilo
Goldmines Ltd. is a Canadian gold exploration company operating in the
Democratic Republic of Congo (DRC). The Company has over 7,000 square km of favourable Archaean Kabalian greenstone in the Kilo-Moto area in north-eastern
DRC. Kilo has announced an inferred resource on the Adumbi
Deposit of the Somituri Project of which the Company
owns a 71.25% interest in the DRC entity that holds the Somituri
Project Exploitation Permits.
The
Company is also working on a number of other prospective areas which contain
historical workings in the same region. It also has a joint venture with Rio
Tinto Ltd. on potential iron ore licences in
north-eastern DRC.
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.