Kilo Goldmines

Kilo Goldmines Ltd. is a gold exploration and development company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The company is actively drilling several past producing mines in the Democratic Republic of Congo (DRC). Key targets are ~200 km away from the Moto discovery (20M+ oz) and ~450km away from Banro (11M+ oz)

Properties Overview

Kilo has three joint ventures in a land package totalling +7,000 square kilometres mainly in the Orientale Province, North-eastern Democratic Republic of Congo (DRC). These properties are located in the Archaean Kabalian greenstone geological formation.

Active projects currently include KGL Somituri and KGL ERW.

KGL Somituri

In March 2011, Kilo announced an inferred mineral resource estimate of 2.0 M oz Gold at 1.4g/t Au (0.5g/t Au cut-off) for the Adumbi Deposit, Somituri Project (see table below). The Adumbi Deposit and surrounding Somituri concessions will remain the Company's primary exploration focus for 2011.

Resource Table (Inferred Mineral Resource Estimate for Adumbi Deposit, Somituri Project)

Additional information about the Somituri Project:

KGL ERW

Kilo and Rio Tinto Mining and Exploration Ltd. entered into a long-term joint venture for the iron ore assets on Kilo's KGL ERW properties. Under this agreement Rio Tinto will manage and conduct all iron ore exploration activities. The joint venture is an earn-in arrangement split into three phases:

•     Phase I (2009 - 2013) : To earn 51%, Rio must spend $23M
•     Phase II (2014 - 2018) : To earn up to 75%, Rio must spend an additional $60M
•     Phase III (2019 forward) : Kilo has the option to convert its equity for cash plus an NSR.

Compelling mineralization characteristics of these properties include:

•     100km long NW-SE trending itabirite belt
•     High grade haematite enrichment (>60% Fe) of itabirite sequences
•     Low phosphorus
•     Discontinuous strike length ~6km
• 
  

Alex van Hoeken Chief Executive Officer

Mr. van Hoeken is a Dutch citizen and obtained a B.Sc. in Mining Engineering from the Colorado School of Mines in 1991. His early career included positions in the maritime construction industry in Nigeria, Malaysia, Qatar, and several European countries, after which he was involved in the establishment of gold and copper exploration and mining ventures in Indonesia, Mexico, and Oman. He has been active in the mining industry in various management and consulting positions in the Democratic Republic of Congo (DRC) in the gold, diamond, and copper sectors since 1999 and has extensive experience with remote operations. Mr. van Hoeken has been a director and managing director of several private companies and subsidiaries of listed companies since 1996. He is fluent in French, and is a Fellow of the UK Institute of Materials, Minerals, and Mining as well as a UK Chartered Engineer, and a Professional Member of the US Society of Mining Engineers.

Philip Gibbs Chief Financial Officer

A Chartered Management Accountant with extensive financial management experience in large corporate environments in the manufacturing and retail sectors, both in North America and in Africa. Philip's multi-disciplinary exposure includes areas of Market Research, Logistics and IT Systems implementations, providing a broad base of business acumen suited to growing businesses.

Stanley Robinson Geological Consultant

A Canadian geologist, Stanley Robinson is a graduate of Sir George Williams and the University of Ottawa, with over thirty years exploration and management experience in Canada and Africa, including six years with International Gold and Ashanti Goldfields in Burkina Faso and Ghana. Mr. Robinson served as a director and President of Lakota Resources Inc. and managed the Company's exploration projects and joint ventures in Tanzania. In Bukina Faso Mr. Robinson delineated a resource of 1.3 million ounces of gold on the Youga project; Youga is now in commercial production.

Alan Bell Security Consultant

With more than 22 years of Special Forces experience, including 12 years with Britain's elite commando unit, the Special Air Service (SAS) which recognized as the world's foremost Special Forces unit. Alan Bell has participated in counterterrorist operations worldwide as President of his security consulting company, Globe Risk, which supports security and logistical operations worldwide.

Board of Directors

David Netherway

Non-Executive Chairman

Mr. Netherway is a mining engineer with over 35 years of experience in the mining industry. He was until the recent takeover by Gryphon Minerals Ltd (GRY-ASX), the CEO of Shield Mining Limited. He is also a former director of Afcan Mining Corporation, Orezone Resources Inc. Kazakhgold Ltd and Equigold NL. He is a mine developer and operator who was involved in the construction and development of the Iduapriem, Siguiri and Kiniero gold mines in West Africa. Mr Netherway is currently the Chairman of Aureus Mining Inc.(AUE-TSX & AAAM-AIM), Afferro Mining Inc.(AFF-TSX & AAAM-AIM), GMA Resources plc(GMA-AIM) and a non-executive director of Gryphon Minerals Ltd (GRY-ASX), Crusader Resources Ltd (CAS-ASX) and Altus Resource Capital Ltd (ARCL-LSE).

Alex van Hoeken - Director

Mr. van Hoeken is a Dutch citizen and obtained a B.Sc. in Mining Engineering from the Colorado School of Mines in 1991. His early career included positions in the maritime construction industry in Nigeria, Malaysia, Qatar, and several European countries, after which he was involved in the establishment of gold and copper exploration and mining ventures in Indonesia, Mexico, and Oman. He has been active in the mining industry in various management and consulting positions in the Democratic Republic of Congo (DRC) in the gold, diamond, and copper sectors since 1999 and has extensive experience with remote operations. Mr. van Hoeken has been a director and managing director of several private companies and subsidiaries of listed companies since 1996. He is fluent in French, and is a Fellow of the UK Institute of Materials, Minerals, and Mining as well as a UK Chartered Engineer, and a Professional Member of the US Society of Mining Engineers.

Jim Mustard - Director

Jim Mustard, formerly Senior Mining Analyst, Vice President, at Haywood Securities Inc. is a professional geologist and registered professional engineer. With over 25 years of industry experience with major Canadian, international mining companies, and the Government of Canada, Jim's interest focuses on the junior exploration sector to identify early stage opportunities and his global research focuses on gold, silver, copper, lead, zinc, nickel, PGMs and diamonds.

Jim Williams - Director

Jim Williams is a professional geologist with more than 20 years worldwide experience for a variety of minerals. For the past six years Mr Williams has been evaluating silver (and gold) projects in Mexico and is very familiar with both epithermal and VMS systems. Mr Williams is a Fellow of the UK IMMM, a CEng and a CGeol. He is also a Eur. Ing., and a Euro. Geol. In addition, he is involved with various project financings, and is conversant with the US, Canadian and UK financial 'circuits' and this has been demonstrated over the past ~ six years. Mr Williams holds BSc, MSc and DIC degrees in geology and exploration.

For further information please click here