Kimber Resources Inc. (TSX:KBR)
VANCOUVER, Sept. 7 /CNW/ - Kimber is pleased to report results of a
further four reverse circulation drill holes on the Carmen deposit. These
relatively few holes are being released immediately on reception of their
assays because of the remarkable gold grades in MTR-263 in the Cocos zone, on
the eastern edge of the Carmen deposit area. The 97.75g/t gold intersection
reported below in the interval from 248 to 252 metres comprises two two-metre
intervals, the first grading 114g/t gold and the second 85g/t. These are the
two highest gold assays received to-date on the project. They were of a
character similar to adjacent samples, and processed according to the routine
protocol listed below.
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Gold
Drill Hole From To Interval Gold Silver Equivalent
---------- ---- -- -------- ---- ------ ----------
(m) (m) (m) (g/t) (g/t) (g/t)(x)
MTR-263 158 170 12 0.306 56 0.96
and 176 182 6 0.289 56 0.95
and 196 200 4 0.742 34 1.14
and 232 248 16 0.092 42 0.59
and 248 252 4 97.750 163 99.67
and 252 256 4 2.675 75 3.55
and 256 276 20 0.651 5 0.71
Ends in mineralization.
MTR-264 6 10 4 0.932 4 0.97
and 36 40 4 0.477 56 1.13
and 140 146 6 0.289 51 0.89
Scattered anomalous to 1.85g/t Au to 198m.
MTR-265 78 94 16 4.234 121 5.65
Incl 80 84 4 15.875 299 19.39
MTR-266 0 12 12 0.182 37 0.62
144 150 6 3.516 75 4.39
(x) Gold-equivalent assumes equivalence of 85 units of silver to one
unit of gold.
Drill hole MTR-263 confirms and extends some promising gold zones in the
Cocos structure identified in holes MTR 200 and 226. MTR-264 is on the Cob
structure (between Cocos and Carmen) and 265 & 266 are in-fill holes on the
main Carmen structure. True widths are believed to be between 65% and 85% of
the intervals reported. The deposit remains open to the east and south and at
depth.
The intersections reported above were not included in Resource Estimate
"L" published yesterday (September 6). Intersections such as the high grade in
MTR-263 point to the potential for underground mining beneath an open pit.
Current work
The current drill period (20 days on, 10 days off) started on
September 6th on the Carotare and the Carmen.
The Company will be exhibiting at the Las Vegas Gold & Precious Metals
Investment Conference on September 7 and 8. Shareholders and anyone interested
in Kimber will be welcome at Booth No. 1016.
Robert Longe, P.Eng.
President & CEO
Mr. Alan Hitchborn, B.Sc., Vice President Development, manages the field
program of drilling and trenching on the Monterde project. Mr. J.B. Richards,
P.Eng., Vice President Engineering, and designated Qualified Person (Q.P.) for
the project is responsible for quality control and has verified the data
disclosed. He has determined that the laboratory reports matched the drill
sample logs and that the quality control assays fall within reasonable limits.
QA./QC procedures incorporate blanks and duplicates inserted at the drill site
and standards inserted after sample preparation. Drilling is by reverse
circulation. A one eighth split of each two-metre section of the drill hole,
weighing approximately 6 kg is processed by ALS Chemex at its preparation
laboratory in Hermosillo, Mexico. Pulps are analysed by ALS Chemex at its
laboratory in North Vancouver, British Columbia, using 50 gram subsamples,
fire assay with an AA finish for gold and four-acid digestion and ICP finish
for silver from a 0.4 gram subsample. Highgrade gold or silver intervals are
re-assayed by fire assay with gravimetric finish.
Statements in this release may be viewed as forward-looking statements.
Such statements involve risks and uncertainties that could cause actual
results to differ materially from those projected. There are no assurances the
Company can fulfill such forward-looking statements and the Company undertakes
no obligation to update such statements. Such forward-looking statements are
only predictions; actual events or results may differ materially as a result
of risks facing the Company, some of which are beyond the Company's control.
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