VANCOUVER, BRITISH COLUMBIA - Kimber Resources Inc. (TSX:KBR)
VANCOUVER, Aug. 11 /CNW/ - Kimber is pleased to report drill results from
both the Carotare exploration target and the Carmen deposit. A 22 metre
intersection of 2.94 g/t gold-equivalent on the Carotare and an 18 metre
intersection of 3.61 g/t gold-equivalent on the Carmen are particularly
notable.
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As shown on the map above, the greater part of the Carotare exploration
target (over one kilometre long) is yet to be tested by drilling.
Carotare Exploration Target
Drilling has been in two zones. The first to be drilled, the "Discovery"
zone, adjacent to the discovery hole near the eastern end of the Carotare
structure, now has results from 14 holes covering a length of approximately
220 metres. The second zone, which lies 200 metres to the west, has seven
holes along a length of about 150 metres.
Intersections in the Discovery zone, including CTR-21 & 23 below, appear
to correlate well with each other along near-vertical structures extending in
some sections to a depth of over 150 metres. Mineralization in this zone is
open in two directions and at depth. The deeper intersection in CTR-23
includes the best silver value (352 g/t over 8 metres) reported from the
Carotare target. True widths are not known but are believed to be between 50%
and 80% of the drill intersections.
Intersections on the first seven holes of the second zone, including
CTR-17 to 20 below, are confined to shallow depths, where they appear to
correlate well. Further drilling is required to determine whether drilling on
the two zones has tested the same structure.
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Drill Gold
Hole From To Interval Gold Silver Equivalent
---- ---- -- -------- ---- ------ ----------
(m) (m) (m) (g/t) (g/t) (g/t)(x)
CTR- 17 No significant intersections
CTR- 18 42 50 8 1.423 18 1.63
CTR- 19 40 44 4 1.923 9 2.03
CTR- 20 No significant intersections
CTR- 21 114 142 28 1.428 7 1.51
CTR- 23 2 8 6 0.432 44 0.95
and 26 32 6 0.565 15 0.75
and 48 54 6 0.584 56 1.24
and 70 92 22 1.351 135 2.94
incl 74 82 8 2.520 352 6.66
92 110 Strongly anomalous to end of hole.
(x) Gold equivalent grade assumes equivalence of 85 grams of silver to
one gram of gold.
Carmen Deposit
By demonstrating some useful widths (e.g. 18 metres of 2.21 g/t Au and
118 g/t Ag in MTR-253) the Carmen holes help confirm the emerging importance
of the south end of the deposit. An aggregate width of 112 metres in four
intersections in MTR-254 is probably attributable to one of the cross
structures mentioned in recent news releases (eg July 20, 2005). Intersections
in MTR-255, the southernmost hole, are narrower, but this is the first hole on
a section requiring many more holes. MTR-256 and MTR-257 are the first holes
into an untested zone to the west of the north end of the Cocos holes.
Most of the holes listed below start as "step-out" holes (testing new
zones) and end as "in-fill" holes (testing between previous holes to raise
resources from Inferred to Measured & Indicated). True widths are believed to
range between 75% and 90% of the interval reported.
Drill Gold
Hole From To Interval Gold Silver Equivalent
---- ---- -- -------- ---- ------ ----------
(m) (m) (m) (g/t) (g/t) (g/t)(x)
MTR-252 76 92 16 0.695 73 1.56
incl 84 90 6 1.377 118 2.76
and 114 132 18 0.162 60 0.87
and 204 212 8 1.298 31 1.67
MTR-253 68 86 18 2.219 118 3.61
incl 74 82 8 4.093 184 6.25
and 182 186 4 2.375 38 2.82
MTR-254 92 104 12 1.712 100 2.89
and 110 152 42 0.865 19 1.08
and 166 200 34 1.193 26 1.49
and 228 252 24 0.947 38 1.39
incl 238 250 12 1.369 63 2.10
MTR-255 96 104 8 2.056 80 2.99
and 198 202 4 2.043 50 2.62
and 222 228 6 1.257 55 1.90
MTR-256 64 68 4 0.298 144 1.99
and 144 150 6 0.131 49 0.71
MTR-257 40 46 6 1.156 112 2.48
and 144 150 6 0.172 60 0.87
and 214 220 6 0.785 5 0.85
Current Activity
Drilling continues on both the Carmen deposit and the Carotate
exploration target. Permits for drilling the El Orito Norte exploration target
have been applied for.
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.
