Kimber drills 18 metres of 17.7 g/t Au eq. at Carmen
August 08 2006 - 7:20AM
PR Newswire (US)
Kimber Resources Inc. (AMEX:KBX, TSX:KBR) VANCOUVER, Aug. 8
/PRNewswire-FirstCall/ -- Kimber is pleased to report further drill
results from both the Carmen and Carotare deposits. Carmen Deposit
Drilling on the Carmen deposit focused on drilling infill holes to
close gaps, and step-out holes to test the limits of the deposit.
The most notable hole, MTR-363 returned 18 metres of 17.70 g/t gold
equivalent including 4.0 metres of 70.67 g/t gold equivalent. This
hole was targeting part of the Los Hilos structure located on the
eastern part of Carmen, where there is an area of about 100 metres
across with little drilling. This area has been followed up with
MTR-384 (results pending), up dip from MTR-363, and will likely see
further drilling if results continue to show intercepts of economic
interest. MTR-365 located in an area between Carmen and Cocos
returned a 44 metre interval of 2.29 g/t gold equivalent. MTR-373,
positioned in the northern part of the Carmen was a step-out to
continue testing the limits of the deposit. It intersected 6.0
metres of 5.41 g/t gold equivalent and 14 metres of 3.56 g/t gold
equivalent and will be followed up with further step-outs in the
same direction. MTR-367, 368, 370 and 371, also targeted to test
the limits of the deposit, all reported scattered anomalous or
scattered low grade. A few holes still to be drilled will continue
to test the limits of the deposit The portions of the deposit
likely to be included in an initial pit are now well defined. There
will be a minimal number of holes drilled in a few zones where
drill spacing needs to be tighter. Carotare Deposit Results from
Carotare include two core holes (CTC) and one reverse circulation
hole (CTR) all from Carotare East. Most notable was CTC-04 which
returned 14.95 metres of 6.10 g/t gold equivalent including an
interval of 2.95 metres of 16.10 g/t gold equivalent. This is a
step out from CTR-10 (reported June 22, 2005) and from CTC-01
(reported March 2, 2006). 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. Gold Equiv- Drill
Hole From To Interval Gold Silver alent ---------- ---- -- --------
---- ------ ------- (m) (m) (m) (g/t) (g/t) (g/t)(x) Carmen MTR-360
172 178 6 0.420 102 1.78 MTR-363 6 26 20 1.093 120 2.69 and 112 130
18 16.985 54 17.70 incl 116 120 4 69.600 81 70.67 and 162 166 4
2.721 16 2.93 and 206 210 4 1.404 14 1.59 MTR-364 60 66 6 1.114 206
3.87 MTR-365 182 226 44 1.109 89 2.29 incl 216 222 6 3.895 161 6.04
and 244 248 4 2.093 63 2.93 and 270 276 6 0.891 16 1.10 MTR-366 184
188 4 0.668 68 1.57 and 230 236 6 1.131 11 1.28 and 272 280 8 1.097
7 1.19 MTR-367 Scattered lowgrade MTR-368 Scattered anomalous
MTR-369 56 66 10 0.020 46 0.63 and 72 104 32 0.039 55 0.77 and 190
194 4 1.111 56 1.86 MTR-370 Scattered lowgrade MTR-371 Scattered
lowgrade MTR-372 166 172 6 0.705 46 1.31 MTR-373 120 140 20 0.495
50 1.16 and 164 172 8 2.983 83 4.09 and 210 216 6 3.586 137 5.41
and 278 284 6 2.156 61 2.96 and 288 302 14 1.825 130 3.56 and 346
350 4 2.667 5 2.73 hole ended in mineralization MTR-374 30 40 10
0.376 38 0.88 MTR-375 160 172 12 3.709 63 4.55 and 192 196 4 0.800
79 1.85 MTR-376 162 170 8 0.758 29 1.14 and 190 194 4 1.172 211
3.98 MTR-377 92 106 14 0.132 45 0.73 and 228 232 4 1.572 15 1.77
MTR-378 204 208 4 2.725 36 3.21 and 214 218 4 1.857 27 2.22 MTR-379
38 42 4 1.590 27 1.95 and 186 192 6 0.694 36 1.17 MTR-381 Scattered
lowgrade to .90g/t Au MTR-382 22 40 18 0.432 103 1.81 incl 26 30 4
1.580 268 5.15 and 148 154 6 0.122 74 1.11 MTR-383 60 74 14 0.807
102 2.16 and 82 104 22 0.226 55 0.96 hole ended in mineralization
Carotare CTC-04 110 126 16 1.518 10 1.65 and 176 190.95 14.95 5.900
15 6.10 incl 188 190.95 2.95 15.550 42 16.10 and 222 236 14 1.016 3
1.06 CTC-07 Scattered lowgrade CTR-33 222 228 6 1.267 3 1.31 (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. 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 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
http://www.kimberresources.com/. Mr. Fernando Oviedo, B.Sc.,
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
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. CONTACT:
Darren Klinck, Vice President, Corporate & Investor Relations,
or Robert Longe, P.Eng, President and CEO, North America Toll Free:
1-866-824-1100, Tel: (604) 669-2251, Fax: (604) 669-8577, Website:
http://www.kimberresources.com/, Email: DATASOURCE: Kimber
Resources Inc. CONTACT: Darren Klinck, Vice President, Corporate
& Investor Relations, or Robert Longe, P.Eng, President and
CEO, North America Toll Free: 1-866-824-1100, Tel: (604) 669-2251,
Fax: (604) 669-8577, Website: http://www.kimberresources.com/,
Email:
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