VANCOUVER, March 2 /CNW/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR)
The results of 21 drill holes are reported below. One hole, CTC-01, is a
core hole on the Carotare deposit drilled for geologic information and
metallurgical samples. This hole, which produced the first visible gold on the
Monterde property, intersected 28 metres with a gold-equivalent grade of 8.09
g/t (6.72 g/t Au + 116 g/t Ag) as well as a deeper intersection of 22 metres
of 3.42 gold-equivalent (3.03 g/t Au + 33 g/t Ag).
The other twenty holes are on the Carmen deposit, where a combination of
in-fill and step-out holes has continued to firm up and extend the deposit.
MTR-301 is notable for intersecting 20 metres of 7.54 g/t gold equivalent
(6.48 g/t Au + 90 g/t Ag) on the Carmen structure itself. While most of those
reported are infill holes, MTR-308 and MTR-311 to 315 are step-outs which
confirm the extension of the deposit towards the southeast, where further
drilling is now required.
All reverse circulation drilling since November has been on the Carmen
deposit while access roads and drill pads are prepared on the Carotare deposit
and the El Orito target.
<<
Gold
----
Drill Hole From To Interval Gold Silver Equivalent
---------- ---- -- -------- ---- ------ ----------
(m) (m) (m) (g/t) (g/t) (g/t)(x)
CTC-01 3.3 20 16.7 0.915 69 1.72
and 68 96 28 6.725 116 8.09
incl 86 90 4 36.520 427 41.54
and 116 138 22 3.034 33 3.42
MTC-24 198 206 8 0.245 43 0.75
214 228 14 3.845 62 4.57
MTC-25 154 170 16 0.369 47 0.92
MTR-298 54 62 8 0.490 80 1.43
and 230 234 4 1.183 60 1.88
and 268 276 8 2.608 60 3.31
and 284 298 14 2.732 24 3.02
incl. 288 290 2 open stope.
MTR-299 34 40 6 1.146 63 1.88
and 142 148 6 0.878 43 1.39
and 178 182 4 1.492 89 2.53
and 198 202 4 1.305 18 1.52
and 298 310 12 2.214 151 3.99
incl 300 304 4 5.585 370 9.93
and 314 326 12 1.445 52 2.06
MTR-300 202 216 14 0.977 62 1.70
MTR-301 28 34 6 0.795 87 1.81
and 150 156 6 0.821 22 1.08
and 224 228 4 1.028 68 1.82
and 260 264 4 1.063 167 3.03
and 294 314 20 6.481 90 7.54
incl. 298 302 4 24.450 334 28.38
and 322 326 4 8.010 31 8.37
MTR-302 Several low-grade and anomalous intervals
MTR-303 52 56 4 1.376 114 2.72
and 180 186 6 1.484 150 3.25
and 200 204 4 1.680 43 2.18
and 212 218 6 3.003 59 3.70
and 248 262 14 1.830 32 2.21
and 324 328 4 2.013 93 3.10
MTR-304 114 118 4 1.394 70 2.21
and 128 134 6 6.607 75 7.49
and 206 216 10 2.514 101 3.70
and 228 236 8 0.726 32 1.11
and 244 272 28 1.843 10 1.96
and 282 289 7 1.117 17 1.31
MTR-305 Several low-grade and anomalous intervals
MTR-306 132 156 24 1.069 61 1.79
MTR-307 256 268 12 2.477 17 2.68
MTR-308 0 8 8 1.063 38 1.51
and 26 40 14 0.781 55 1.43
incl. 30 34 4 2.315 94 3.42
MTR-309 34 44 10 0.339 50 0.92
and 134 138 4 1.041 88 2.08
and 146 150 4 2.497 23 2.76
and 158 162 4 1.434 46 1.97
and 176 182 6 1.142 5 1.20
MTR-310 16 28 12 0.175 48 0.74
and 74 84 10 0.197 43 0.70
and 272 290 18 1.215 43 1.72
MTR-311 66 86 20 1.526 62 2.25
incl 68 72 4 3.678 170 5.67
MTR-312 4 14 10 0.057 55 0.70
and 72 84 12 0.499 57 1.17
incl 74 78 4 0.863 113 2.19
and 156 160 4 1.458 51 2.05
and 164 174 10 1.544 48 2.10
MTR-313 212 232 20 1.752 41 2.24
246 250 4 3.712 13 3.86
MTR-315 68 76 8 1.422 142 3.09
and 118 124 6 0.500 119 1.90
and 148 166 18 1.792 77 2.70
incl 158 162 4 6.650 194 8.93
MTR-316 42 48 6 1.388 160 3.27
and 116 120 4 2.591 363 6.86
and 166 184 18 0.159 43 0.66
(x) Gold equivalent grade assumes equivalence of 85 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.
Drilling continues with three drills: one core drill and two reverse
circulation. Each of the RC drills is working two shifts (24 hours per day).
One remains on the Carmen deposit; the other is on the Carotare.
The drill holes listed above and all previous holes have been added to a
three dimensional topographic model of the Monterde property now available on
the Company's web site. With a relatively new computer and Google Earth
software, investors can explore the Monterde property. Drill intercepts can be
obtained with a click of a mouse for any of over 400 holes now plotted. For
details see: http://www.kimberresources.com/monterde3d.html
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. A pre-feasibility study is
expected on the Carmen deposit in April 2006. 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 initial resource estimate on
Carotare was reported in November 2005. 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. 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.
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.
>>
