Kilo Goldmines Ltd.

Published : April 12th, 2012

Announces Preliminary Metallurgical Test Work Results on Adumbi Gold Deposit, Somituri Project, DRC

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | Facebook | Gold | Recovery |

Toronto, Ontario. � April 12, 2012 � Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE: KGL) (FRANKFURT: 02K) is pleased to announce encouraging results from preliminary metallurgical test work carried out by Wardell Armstrong, UK, on Diamond drill core from the Company�s Adumbi Gold deposit, Somituri Project, in north-eastern Democratic Republic of Congo (�DRC�). 

 

        94.2% gold recovery in oxide

        96.2% gold recovery in sulphide

        10.5 kWh/t Bond Mill Working indice for composite oxide � below expectation

        11.3 kWh/t Bond Mill Working indice for composite sulphide � below expectation

 

Gold recoveries for three oxide composite samples ranged from 92.2 to 94.3% by gravity concentration followed by cyanide leach of the gravity tails.   The gold recovery for one sulphide composite sample, which originated at depth from a minor lithological formation, was 42.9%, while two other composite samples returned gold recoveries of 92.5% and 96.2%.  Further testing will be undertaken to optimize overall recoveries.

 

Commenting on these preliminary metallurgical test results, Alex van Hoeken, President and CEO of Kilo stated; �The preliminary test work is very encouraging and indicative that in excess of 90% of the gold in the oxide appears recoverable by the simple process of gravity and cyanide leaching of gravity concentration tails.  Given that the recent Inferred Mineral Resource estimate concluded about 600,000 ounces of gold in oxide, most of which is contained within Adumbi Mountain and mineable by open-pit with a very low stripping ratio, the anticipated ease of gold recovery is expected to bode well for the project economics. 

 

In addition, the gold recoveries in excess of 90% for two of the three sulphide samples are most encouraging in that the majority of the sulphide mineralization may also be amenable to gravity and cyanide leaching of gravity concentration tails, in particular when the third sulphide sample is referenced to its host lithology that represents less than 4% of the gold bearing rock types identified in the Adumbi Gold Deposit. Furthermore, the lower than expected Bond Mill Working Indices should have a favourable impact on the power and infrastructure requirements for the project.�


For the full press release go to:

http://kilogold.net/investors/pr12apr2012.php



For more information, please contact:


Alex van Hoeken

Chief Executive Officer

Tel: +1-416-360-3406

Email: info@kilogoldmines.com

Facebook: kilogoldmines.com/facebook

Twitter: twitter.com/kilogoldmines

Website: kilogoldmines.com

 

This news release may contain forward looking statements concerning future operations of Kilo Goldmines Ltd. All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

 

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.

EXPLORATION STAGE
CODE : KGL.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Kilo Goldmines is a gold exploration company based in Canada.

Its main exploration properties are ERW, SOMITURI and MASTERS in Congo Dem. Rep. of.

Kilo Goldmines is listed in Canada. Its market capitalisation is CA$ 33.9 millions as of today (US$ 27.1 millions, € 27.4 millions).

Its stock quote reached its highest recent level on April 16, 2010 at CA$ 5.90, and its lowest recent point on June 30, 2020 at CA$ 0.01.

Kilo Goldmines has 169 700 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Kilo Goldmines Ltd.
2/7/2012Announces Appointment of Vice President Operations
2/2/2012Announces Change to Board of Directors
1/4/2012Appointment of New Director
Project news of Kilo Goldmines Ltd.
9/4/2013A REVIEW BY ROSCOE POSTLE OF PROSPECTIVE IRON ORE LICENCES H...
6/25/2013(Somituri)Gold Geochemistry Anomalies Delineated on Four Other Licence...
6/17/2013(Somituri)1100 Metre Gold Geochemistry Anomaly Delineated at Adumbi We...
4/9/2013(Somituri)Recommences Drilling Operations on its Somituri Project, DRC
4/12/2012(Somituri)Announces Preliminary Metallurgical Test Work Results on Adu...
3/15/2012Announces Updated Mineral Resource Estimate; Gold Grade Incr...
2/3/2012(Somituri)Registration Completed for Kilo's Somituri Property
1/25/2012Drill Results for Kilo / Rio Tinto DRC Iron Ore JV
9/6/2011to Issue Shares to Satisfy SIHU Property Payment Obligation
6/28/2011(Somituri)Announces Exploration Update of the Somituri Project, DRC
2/24/2011(Somituri)Drilling Intersects 3.51g/t Gold Over 31.30 Metres on the Ad...
Corporate news of Kilo Goldmines Ltd.
7/28/2016Kilo Goldmines Announces Private Placement and Closing of Fi...
7/14/2016Kilo Goldmines Announces Favourable Court Ruling Regarding T...
1/20/2016Kilo Goldmines and Randgold Resources Announce Signing of Jo...
1/19/2016Kilo Goldmines and Randgold Resources Announce Signing of Jo...
11/19/2015Kilo Goldmines Announce $2M Non-brokered Private Placement
9/23/2015Kilo Goldmines Announces Results of Stream Sediment Sampling...
4/24/2015Kilo Goldmines Ltd.: Corporate Update
2/5/2015Kilo Goldmines Ltd.: Exploration Activities Update
12/19/2014Kilo Goldmines Announces Grant of Stock Options
12/18/2014Kilo Goldmines Announces Grant of Stock Options
11/18/2014Kilo Goldmines Ltd.: Exploration Activities Update
10/8/2014Kilo Announces Appointment of New Interim CEO
7/28/2014Additional Targets Delineated on the Kilo - Randgold Joint V...
6/23/2014Kilo Goldmines Ltd.: Exploration Activities Update
6/6/2014Liberty Street Capital Corp. Proposes Eight Directors to the...
6/2/2014Kilo Goldmines Announces Corporate Update
10/1/2013announces Cost Cutting Implementation
9/30/2013Cost Cutting Implementation
8/15/2013(Somituri)COMPLETION OF PLANNED 2013 SOMITURI PROJECT DRILLING PROGRAM...
7/22/2013Primary Targets Defined on Joint Venture Ground With Randgol...
3/20/2013Completes $10 Million Unit Offering
3/11/2013Announces Pricing for Previously Announced Offering
2/15/2013Files Amended Disclosure Documents
1/31/2013Files Preliminary Short Form Prospectus for Offering of Comm...
11/2/2012Intersection of 5.80 m Grading 42.24 G/T Gold, in a 700 m Op...
3/9/2012Announces Election of New Director
2/21/2012(Somituri)Drilling Intersects 3.09 g/t Gold Over 33.68 m on Adumbi Gol...
1/9/2012(Somituri)Drilling Intersects 4.96 g/t Gold Over 11.20 Metres (Includi...
1/5/2012Rio Tinto Makes Payment of US$1.43 Million to Kilo under Isi...
11/28/2011Comments on Reports of Award of Afghan Iron Ore Concession B...
10/13/2011(Somituri)Drilling Intersects 7.71 g/t Gold Over 12.60 metres; Defines...
9/1/2011(#KGL) announces CEO transition and grant of stock options
8/23/2011(Somituri)Drilling Intersects 3.86 g/t Gold Over 34.30 Metres on the A...
7/7/2011Announces Changes in Management and Board
6/30/2011(Somituri)Announces 31.70 Metres Grading 4.39 g/t Gold on the Manzako ...
5/26/2011Adopts Shareholders Rights Plan
5/12/2011Completes $10 Million Unit Offering
5/4/2011Files Final Short Form Prospectus for Offering of Units
4/25/2011Files Preliminary Short Form Prospectus for Offering of Unit...
3/2/2011Announces 2.0 Million Ounces Gold ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (KGL.V)
0.200+0.00%
TSX-V
CA$ 0.200
09/06 10:30 -
0%
Prev close Open
0.200 0.200
Low High
0.200 0.200
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.200 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : -11
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/4/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202214.29%0.200.02
20211066.67%0.400.02
2020200.00%0.030.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.94+9.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+13.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :