Kilo Announces Updated Mineral Resource Estimate and Gold Grade Increases

Kilo Goldmines today annpulverizing coal burning system in chinaounced the results of its updated Canadian National Instrument 43-101 Mineral Resource estimate for its 71.25%-owned Adumbi Project.

Commenting on today's independent Mineral Resource update, Kilo's President and Chief Executive Officer, Alex van Hoeken, said: "Our latest updated Mineral Resource estimate reaffirms that the Adumbi deposit has significant gold mineralization, with significant potential to grow in size with further systematic exploration. The updated Mineral Resource estimate is based on a more robust geological model, culminating in an increase in average grade and a corresponding increase in gold ounces within higher grade categories. The grade tonnage profile above a 1 g/t cut-off in particular reflects this. The deposit remains open at depth and along strike and is thus believed to have significant upside potential. Considering that this year's exploration focus is on the adjacent nearby prospects, the new...