VANCOUVER, Jan. 17 /CNW/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR)
Monterde Drill Results
Kimber is pleased to report further drill results from 30 holes at Monterde. These results are from reverse circulation ("RC") drilling at Monterde on Carmen (MTR) and Carotare (CTR) as well as core drilling on Carmen (CTC). Additionally, there are two reverse holes on El Orito Norte (EOR) and one on Veta Minitas (LMR).
The core holes on Carmen continue to confirm the previously published reverse circulation ("RC") drilling.
The most noticeable intersections continue to be from the Carmen structure itself, but an unnamed structure adjacent to the old Los Hilos mine in the hanging wall of the Carmen, is proving to be a previously unrecognized high grade shoot (MTR-441: 14 metres of 17.72 g/t gold equivalent).
Drilling on the Carotare has further confirmed the main structure on Carotare East (28 metres of 2.89 g/t gold in CTR-61) but the South Structure does not appear to have significant mineralization.
Veta Minitas (LMR-32) has produced additional intersections over 25 metres in apparent width.
Drilling in January is focused on the high grade zone on Veta Minitas reported in November (LMR-47) and on drilling the El Orito Norte, where access roads have now been built.
Drill data on the Carmen deposit is being further examined to explore the possibility that optimum economics may be achieved with mill feed from both underground and open-pit.
Drill Hole From To Interval Gold Silver Au Eq.
---------- ---- -- -------- ---- ------ ------
(m) (m) (m) (g/t) (g/t) (g/t)(x)
CTR- 37 130 146 16 1.765 3.1 1.81
and 168 178 10 0.698 1.4 0.72
CTR- 51 short intervals of grade
CTR- 55 scattered anomalous
CTR- 56 0 6 6 0.208 82.3 1.31
CTR- 57 scattered anomalous
CTR- 58 scattered anomalous
CTR- 60 scattered anomalous
CTR- 61 84 88 4 1.558 6.5 1.64
and 104 132 28 2.899 10.5 3.04
incl 112 118 6 7.030 11.3 7.18
and 200 206 6 1.013 2.0 1.04
and 218 234 16 0.896 2.1 0.92
EOR- 12 170 184 14 0.019 68.0 0.93
EOR- 13 short intervals of grade
LMR- 32 20 46 26 0.467 112.4 1.97
and 76 102 26 0.779 121.8 2.40
incl 92 96 4 4.843 172.0 7.14
and 194 212 18 2.108 81.2 3.19
and 236 240 4 3.926 45.0 4.53
MTC- 46 76 98 22 1.196 66.1 2.08
and 218 232 14 0.211 56.4 0.96
and 262 274.9 12.9 0.646 57.5 1.41
hole ended in mineralization
MTC- 50 26 38 12 0.441 69.5 1.37
incl 32 36 4 0.640 77.0 1.67
and 138 144 6 0.998 32.7 1.43
and 152 156 4 1.256 33.0 1.70
and 192 196 4 12.019 167.0 14.25
hole ended in mineralization
MTC- 52 164 168 4 0.245 116.5 1.80
MTC- 53 32 42 10 0.405 87.6 1.57
and 72 78 6 1.288 135.7 3.10
and 86 90 4 1.268 174.5 3.59
and 120 124 4 0.731 90.5 1.94
and 158 164 6 0.518 38.0 1.02
and 194 198 4 1.619 39.5 2.15
and 264 268 4 1.160 99.5 2.49
MTC- 54 64 72 8 2.192 121.8 3.82
and 124 128 4 0.640 107.5 2.07
and 134 140 6 0.964 46.7 1.59
and 146 150 4 2.113 90.0 3.31
MTC- 55 scattered anomalous
MTC- 56 114 120 6 0.498 86.7 1.65
and 192 198 6 1.029 66.7 1.92
MTC- 57 52 80 28 0.079 41.7 0.63
and 100 104 4 2.906 104.5 4.30
MTC- 58 122 128 6 0.503 39.0 1.02
and 180 186 6 1.818 41.0 2.36
and 218 224 6 13.257 568.0 20.83
and 242 246 4 16.376 549.5 23.70
MTC- 61 42 58 16 0.463 89.0 1.65
incl 44 48 4 1.311 201.5 4.00
and 142 146 4 2.105 21.5 2.39
MTC- 62 50 94 44 0.141 47.7 0.78
and 60 64 4 0.616 73.5 1.60
MTC- 66 88 126 38 1.595 59.7 2.39
MTC- 69 scattered anomalous
MTC- 70 6.1 16 9.9 0.567 62.8 1.40
incl 10 14 4 1.248 100.5 2.59
and 90 124 34 0.187 37.3 0.68
and 176 184 8 0.615 48.8 1.27
and 206 210 4 5.796 120.0 7.40
and 280 284 4 2.332 129.0 4.05
and 294 298 4 2.731 111.0 4.21
MTR-439 26 34 8 1.062 86.3 2.21
MTR-441 0 14 14 15.239 185.9 17.72
incl 0 4 4 50.700 536.0 57.85
MTR-442 66 82 16 0.563 87.8 1.73
and 146 152 6 0.962 37.3 1.46
and 162 166 4 13.397 78.0 14.44
and 172 180 8 1.552 59.3 2.34
MTR-443 78 128 50 0.644 61.3 1.46
incl 92 96 4 3.238 69.5 4.16
incl 104 108 4 1.885 85.5 3.03
and 178 184 6 1.204 27.7 1.57
MTR-444 98 116 18 0.091 53.7 0.81
and 124 148 24 1.269 48.5 1.92
incl 128 134 6 3.643 72.0 4.60
(x) Gold equivalent grade assumes equivalence of 75 grams of silver to
one gram of gold.
True widths on Carmen and Carotare are expected to range between 65% and 85% of the intervals reported on the table above. All samples are prepared and analysed by ALS Chemex.
Pericones Project
Kimber is also pleased to report results from the mapping and sampling program at the 6300 hectare Pericones Project located approximately 100 kilometres southwest of Mexico City in Estado de Mexico.
The Pericones project was acquired through staking and covers areas of altered volcanic rock thought to be prospective for bulk tonnage silver deposits. Throughout the property there are numerous old workings which appear to be at least 100 years old.
There are two principal areas of alteration, mineralization, and old workings identified so far: Aguacate and Tejamanil.
Preliminary surface sampling and chip sampling from the old workings as well as geological mapping on the Aguacate area have identified several areas with silver values of potential economic interest. Information on two of these is now sufficient to justify drilling.
Results from two metre chip samples on Aguacate are listed below:
Target Number Grade (g/t of silver)
of Samples From To Average
No.1 old workings 23 9 380 193
surface 24 2 332 73
No.2 old workings 24 20 420 114
While these are early stage results, they are promising and will allow us to continue with further work to prepare for drilling once permits can be secured. The Tejamanil target requires additional mapping and sampling before drill targets can be identified.
About Kimber
Kimber Resources Inc. holds a 100% interest in the Monterde property in the Sierra Madre of northern Mexico. On the Monterde property, The Company is advancing the Carmen gold-silver deposit towards production. The Carmen deposit, an underground mine in the 1930's, is a typical low sulphidation epithermal system, oxidized, and believed to be suitable for open pit mining. Two adjacent epithermal systems first identified in 2005, the Carotare deposit and El Orito Norte exploration target appear to be similar to the Carmen. The Company recently acquired a second project, the "Pericones" in Estado de Mexico. This prospective silver system is undergoing a mapping and sampling program with drilling expected in 2007. For further information on the company visit SEDAR or the company website at www.kimberresources.com.
Mr. Antonio Aguilar, Project Manager, managed this program of drilling 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 Chihuahua, 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.
Mr. Jesus Gradias, B.Sc., Project Manager, managed this mapping and sampling program at the Pericones project. Mr. J.B. Richards, P.Eng., Vice President Engineering, acted as the Qualified Person (Q.P.) for this news release. 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.
Cautionary Statement
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.