Kimber Resources Inc. (AMEX:KBX, TSX:KBR)
VANCOUVER, Oct. 19 /CNW/ - Kimber is pleased to report further drill
results from 19 holes on the Carmen, Veta Minitas and Carotare deposits.
Drill Results
Carmen Deposit
Drilling concentrated further on testing the northern and northeastern
limits of the deposit. One notable intercept was on MTR-407 which returned
four metres of 16.58 g/t gold equivalent. This was a step out from MTR-373
(reported August 8, 2006) and infill to MTR-422 which is also reported in this
news release.
Additional intercepts from various holes reported grade but the limits to
the deposit are now very close to being defined.
Carotare & Veta Minitas Deposits
Two holes at Carotare and five from Veta Minitas demonstrated various
intervals of grade. The drilling at Carotare was targeted at testing outlying
structures. Drilling at Veta Minitas was to test the area between the Carmen
footwall and the Veta Minitas structure.
To view the location of the drill results below in relation to the
deposits, please utilize the Google Earth feature of our website at:
http://www.kimberresources.com/monterde3d.html.
<<
Hole From To Width Gold Silver AuEq
---- ---- -- ----- ---- ------ ----
(m) (m) (m) (g/t) (g/t) (g/t)(x)
CTR-45 scattered anomalous
CTR-46 254 260 6 1.768 7.0 1.861
LMR-39 40 46 6 0.747 98.0 2.054
and 234 248 14 1.349 6.1 1.431
LMR-41 scattered anomalous
LMR-42 22 30 8 0.062 95.3 1.332
LMR-44 scattered anomalous
LMR-45 scattered anomalous
MTC-37 22 32 10 0.121 44.2 0.71
and 62 86 24 0.557 80.0 1.62
and 268 272 4 1.808 9.5 1.93
and 280 288 8 0.840 2.5 0.87
MTC-38 40 60 20 0.040 69.9 0.97
and 72 84 12 0.222 67.5 1.12
and 124 140 16 0.335 59.3 1.12
and 258 263.1 5.1 1.692 26.3 2.04
hole ended in mineralization
MTR-407 160 164 4 1.491 32.0 1.92
and 234 250 16 0.911 12.4 1.08
and 256 260 4 16.426 11.5 16.58
MTR-421 scattered anomalous
MTR-422 16 20 4 2.378 38.0 2.88
and 284 288 4 2.803 4.5 2.86
MTR-423 122 126 4 0.580 86.0 1.73
MTR-424 scattered anomalous
MTR-425 scattered anomalous
MTR-426 146 152 6 0.611 87.3 1.78
MTR-428 scattered anomalous
MTR-429 scattered anomalous
MTR-430 no significant intercepts
MTR-431 4 10 6 0.456 74.0 1.44
and 66 86 20 0.149 44.4 0.74
hole ended in mineralization
(x) Gold equivalent grade assumes equivalence of 75 grams of silver to
one gram of gold.
>>
True widths 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.
Current Operations
The rainy season in the Sierra Madre has started to subside allowing the
team on the ground to make better progress with road repairs and drill road
and pad building. Access to Carotare and El Orito Norte continues to be a top
priority and over the past month good progress has been made on Carotare East
& West. At Carotare, there are now a number of roads in place from which to
develop pads to access both the eastern and western structures. Road building
at El Orito, while slow because of the steepness of terrain, has allowed for
some drilling to take place during this drill period. Further road access to
key structures is under construction in preparation for additional drilling.
Property Acquisition
Kimber, through a wholly-owned Mexican subsidiary, has acquired a new
property, approximately 7200 hectares in size in Estado de Mexico. Staking of
the property was initiated some time ago, but the announcement of the
acquisition was postponed until title could be made secure.
The property ("Pericones") covers at least two areas which are
prospective for bulk tonnage silver deposits. Each has pervasive alteration
with numerous old workings. Preliminary mapping and sampling is in progress.
The property was staked because it was seen to cover at least one
alteration system which appeared prospective for bulk tonnage silver. Work on
the property is at an early stage (no drilling). Monterde continues to be the
main focus of the Company. Only one geologist along with some local help will
be available for the mapping and sampling program at Pericones.
About Kimber
Kimber Resources Inc., which holds a 100% interest in the Monterde
property in the Sierra Madre of northern Mexico, 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 goal of the company
is to demonstrate at least three million resource ounces from the two deposits
and exploration target identified. 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.
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.
