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Cours Or & Argent

Kilo Goldmines Ltd.

Publié le 12 avril 2012

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

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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.

EXPLORATEUR
CODE : KGL.V
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Kilo Goldmines est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont ERW, SOMITURI et MASTERS en Republique Democratique Du Congo.

Kilo Goldmines est cotée au Canada. Sa capitalisation boursière aujourd'hui est 33,9 millions CA$ (27,1 millions US$, 27,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 16 avril 2010 à 5,90 CA$, et son plus bas niveau récent le 30 juin 2020 à 0,01 CA$.

Kilo Goldmines possède 169 700 000 actions en circulation.

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Nominations de Kilo Goldmines Ltd.
07/02/2012Announces Appointment of Vice President Operations
02/02/2012Announces Change to Board of Directors
04/01/2012Appointment of New Director
Projets de Kilo Goldmines Ltd.
04/09/2013A REVIEW BY ROSCOE POSTLE OF PROSPECTIVE IRON ORE LICENCES H...
25/06/2013(Somituri)Gold Geochemistry Anomalies Delineated on Four Other Licence...
17/06/2013(Somituri)1100 Metre Gold Geochemistry Anomaly Delineated at Adumbi We...
09/04/2013(Somituri)Recommences Drilling Operations on its Somituri Project, DRC
12/04/2012(Somituri)Announces Preliminary Metallurgical Test Work Results on Adu...
15/03/2012Announces Updated Mineral Resource Estimate; Gold Grade Incr...
03/02/2012(Somituri)Registration Completed for Kilo's Somituri Property
25/01/2012Drill Results for Kilo / Rio Tinto DRC Iron Ore JV
06/09/2011to Issue Shares to Satisfy SIHU Property Payment Obligation
28/06/2011(Somituri)Announces Exploration Update of the Somituri Project, DRC
24/02/2011(Somituri)Drilling Intersects 3.51g/t Gold Over 31.30 Metres on the Ad...
Communiqués de Presse de Kilo Goldmines Ltd.
28/07/2016Kilo Goldmines Announces Private Placement and Closing of Fi...
14/07/2016Kilo Goldmines Announces Favourable Court Ruling Regarding T...
20/01/2016Kilo Goldmines and Randgold Resources Announce Signing of Jo...
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19/11/2015Kilo Goldmines Announce $2M Non-brokered Private Placement
23/09/2015Kilo Goldmines Announces Results of Stream Sediment Sampling...
24/04/2015Kilo Goldmines Ltd.: Corporate Update
05/02/2015Kilo Goldmines Ltd.: Exploration Activities Update
19/12/2014Kilo Goldmines Announces Grant of Stock Options
18/12/2014Kilo Goldmines Announces Grant of Stock Options
18/11/2014Kilo Goldmines Ltd.: Exploration Activities Update
08/10/2014Kilo Announces Appointment of New Interim CEO
28/07/2014Additional Targets Delineated on the Kilo - Randgold Joint V...
23/06/2014Kilo Goldmines Ltd.: Exploration Activities Update
06/06/2014Liberty Street Capital Corp. Proposes Eight Directors to the...
02/06/2014Kilo Goldmines Announces Corporate Update
01/10/2013announces Cost Cutting Implementation
30/09/2013Cost Cutting Implementation
15/08/2013(Somituri)COMPLETION OF PLANNED 2013 SOMITURI PROJECT DRILLING PROGRAM...
22/07/2013Primary Targets Defined on Joint Venture Ground With Randgol...
20/03/2013Completes $10 Million Unit Offering
11/03/2013Announces Pricing for Previously Announced Offering
15/02/2013Files Amended Disclosure Documents
31/01/2013Files Preliminary Short Form Prospectus for Offering of Comm...
02/11/2012Intersection of 5.80 m Grading 42.24 G/T Gold, in a 700 m Op...
09/03/2012Announces Election of New Director
21/02/2012(Somituri)Drilling Intersects 3.09 g/t Gold Over 33.68 m on Adumbi Gol...
09/01/2012(Somituri)Drilling Intersects 4.96 g/t Gold Over 11.20 Metres (Includi...
05/01/2012Rio Tinto Makes Payment of US$1.43 Million to Kilo under Isi...
28/11/2011Comments on Reports of Award of Afghan Iron Ore Concession B...
13/10/2011(Somituri)Drilling Intersects 7.71 g/t Gold Over 12.60 metres; Defines...
01/09/2011(#KGL) announces CEO transition and grant of stock options
23/08/2011(Somituri)Drilling Intersects 3.86 g/t Gold Over 34.30 Metres on the A...
07/07/2011Announces Changes in Management and Board
30/06/2011(Somituri)Announces 31.70 Metres Grading 4.39 g/t Gold on the Manzako ...
26/05/2011Adopts Shareholders Rights Plan
12/05/2011Completes $10 Million Unit Offering
04/05/2011Files Final Short Form Prospectus for Offering of Units
25/04/2011Files Preliminary Short Form Prospectus for Offering of Unit...
02/03/2011Announces 2.0 Million Ounces Gold ...
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