Kilimanjaro Capital Ltd.
OTC PINK : KIMJF

Kilimanjaro Capital Ltd.

August 08, 2014 08:00 ET

Kilimanjaro Enters Into Negotiations With Sika Resources

BELIZE CITY, BELIZE--(Marketwired - Aug. 8, 2014) - The directors and management of Kilimanjaro Capital (OTC PINK:KIMJF) are pleased to announce that it has reached an agreement in principle with Sika Resources to acquire an interest in world class gold assets in Tanzania.

Sika holds properties located within the Lake Victoria Goldfields, a world-class gold district with over 60 million ounces of gold in reserves. Sika's properties host Archean greenstone rocks within which numerous northeast-southwest and northwest-southeast trending fault/shear zones are seen, similar to trends hosting known gold deposits across the district. Deposits in the Lake Victoria Goldfields district, some within 30 km of Sika's properties, include:

  • AngloGold Ashanti's Geita Mines (+19 million oz)
  • Barrick Gold's Bulyanhulu Mine (+15 million oz)
  • Resolute Mining's Golden Pride (+2.6 million oz)
  • A host of other known deposits and gold mines including Barrick's Tuluwaka and Buzwagi

Tanzania is considered by many as Africa's most stable country featuring a progressive, western-oriented political system and investor friendly business climate. It is Africa's third largest gold producer, yet many highly prospective regions remain under-explored.

More information on Sika Resources Inc's. assets can be found at the link below:

www.sikaresources.com

FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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