Kimber Resources Inc. (TSX:KBR)
VANCOUVER, Aug. 30 /CNW/ - Kimber is pleased to report results of a
further 12 reverse circulation drill holes, six on the Carotare exploration
target, six on the Carmen deposit.
With 34 metres of 3.63 g/t gold-equivalent, drill hole CTR-22 on the
Carotare target is particularly encouraging. In addition to having significant
grades over a good width, this intersection appears to correlate with a
previous hole (CTR-06: 20 metres of 1.54 g/t gold-equivalent) on the same
section. With 27 holes reported and a similar geologic system, the Carotare
remains on track to produce another Carmen-like deposit on the Monterde.
Carotare
Drilling on the Carotare target has been focused in two areas, the
Discovery zone with the 18 holes reported to date and the Pandora zone with
nine. The Discovery zone (CTR-22,26,27,28), now drilled over a length of
300 metres, has yielded several promising intersections. The structure appears
to be steeply dipping and variable, with true widths between 60% and 80 % of
reported intervals.
The Pandora zone (CTR-24 & 25), 200 metres to the west of the most
westerly hole on the Discovery zone, has fewer significant intersections. The
nine holes drilled to date may not have tested the same structure as the
Discovery zone.
Further drilling is required on both of the zones mentioned above and
elsewhere on this exploration target, only a small portion of which has been
drilled.
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Gold
Drill Hole From To Interval Gold Silver Equivalent
---------- ---- -- -------- ---- ------ ----------
(m) (m) (m) (g/t) (g/t) (g/t)(x)
CTR-22 48 82 34 3.108 45 3.63
incl 48 64 16 4.357 44 4.88
incl 72 82 10 3.448 77 4.36
and 144 156 12 0.786 2 0.81
and 172 176 4 1.323 2 1.35
Strongly anomalous or grade from top to bottom.
CTR-24 No significant assays
CTR-25 Scattered anomalous to .25g/t
CTR-26 72 82 10 1.183 55 1.83
124 128 4 0.765 8 0.85
Scattered anomalous and grade from 68 to 144m
CTR-27 No significant assays
CTR-28 118 126 8 0.531 93 1.63
(x) Gold-equivalent grade assumes equivalence of 85 grams of silver to
one gram of gold.
Carmen Deposit
MTR-258 confirms and extends some promising zones associated with the Cob
structure. Drill holes MTR-261 & 267 are in-fill holes near the main
structure. MTR-259, 260, & 262 are step-out holes in the vicinity of the Cocos
structure on the eastern side of the deposit. 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.
Gold
Drill Hole From To Interval Gold Silver Equivalent
---------- ---- -- -------- ---- ------ ----------
(m) (m) (m) (g/t) (g/t) (g/t)(x)
MTR-258 46 52 6 1.571 136 3.17
and 162 172 10 2.006 27 2.32
and 206 222 16 3.415 88 4.45
MTR-259 122 128 6 0.203 58 0.89
MTR-260 124 128 4 0.253 65 1.02
134 138 4 0.656 56 1.31
MTR-261 106 144 38 0.390 82 1.35
incl 112 116 4 1.495 68 2.29
MTR-262 154 158 4 1.309 91 2.37
and 172 180 8 0.812 51 1.41
and 244 250 6 0.877 40 1.35
MTR-267 110 136 26 0.401 69 1.21
incl 126 132 6 1.171 139 2.80
Current work
The next drilling period (20 days on, 10 days off) will start on
September 6th on the Carotare and the Carmen. A resource estimate is expected
in early September.
The Company will be exhibiting at the Las Vegas Gold & Precious Metals
Investment Conference on September 7-8. 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 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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