Kimber's Carotare delivers 36 metres of 3.90 g/t gold equivalent
03 October 2006 - 9:00PM
PR Newswire (US)
Kimber Resources Inc. (AMEX:KBX, TSX:KBR) VANCOUVER, Oct. 3
/PRNewswire-FirstCall/ -- Kimber is pleased to report further drill
results from the Carotare, Carmen and Veta Minitas deposits at the
Monterde project. Carotare Deposit Results are now available for
three additional holes on the Carotare deposit. These include:
CTC-06 36 metres @ 3.90 g/t Au eq. CTC-06, a step out to the
northeast of the drill pattern, extends the mineralization down
dip. Road and pad building continues at Carotare. Some drilling was
completed in Carotare in September. Results from these samples will
be processed as soon as possible. Veta Minitas Deposit The Veta
Minitas is a partially-drilled structure lying some 200 metres to
the southwest and in the footwall of the Carmen deposit. After a
resource estimate of 50,200 gold-equivalent ounces in Measured
& Indicated and 14,400 Inferred had been established in
November 2004 (using a 85:1 gold/silver conversion ratio), drilling
was directed to other targets. Recent drilling has been to
investigate the possibility of additional resources on this
structure. Results include: LMR-35 10 metres @ 10.54 g/t Au eq.
LMR-37 28 metres @ 2.66 g/t Au eq. LMR-30 20 metres @ 2.22 g/t Au
eq. & 6 metres @ 4.85 Au eq. LMR-35 was drilled to the
southwest of LMR-31 and gave first indications of a high grade zone
at depth. Other intervals of interest were found in LMR-37 and
LMR-30. Carmen Deposit Drilling at Carmen included testing the
limits to the northern part of the deposit and some infill holes.
Results include: MTR-380 8 metres @ 4.98 g/t Au eq. MTR-405 4
metres @ 6.91 g/t Au eq. MTR-415 14 metres @ 1.89 g/t Au eq.
MTR-380 was in the northern part of the deposit and was targeting
extensions of the Carmen deposit. MTR-405 reported a near surface
intercept within the Los Hilos structure. MTR-415 was an infill
hole between MTR-257 (reported August 11, 2005) and MTR-354
(reported June 6, 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 Drill Equi-
Hole From To Interval Gold Silver valent ----- ---- --- --------
----- ------ -------- (m) (m) (m) (g/t) (g/t) (g/t)(x) CTC- 06 118
136 18 1.740 3 1.78 and 144 154 10 2.439 5 2.51 and 166 176 10
2.653 2 2.68 and 180 216 36 3.793 8 3.90 and 248 254 6 1.765 3 1.80
CTR- 41 no significant intercepts CTR- 42 128 132 4 1.968 16 2.18
and 208 214 6 1.099 5 1.17 LMC- 01 40 56 16 0.069 66 0.94 LMC- 02
30 38 8 0.644 41 1.19 and 54 64 10 0.144 99 1.46 and 86 94 8 0.174
53 0.87 and 186 198 12 0.273 65 1.14 LMR- 28 80 90 10 0.724 58 1.49
LMR- 29 10 14 4 0.128 164 2.31 LMR- 30 150 158 8 0.087 52 0.78 and
170 190 20 0.589 123 2.22 incl 182 188 6 1.823 227 4.85 LMR- 31 74
90 16 0.068 94 1.32 and 102 110 8 0.741 199 3.39 and 122 128 6
0.242 62 1.06 and 180 214 34 0.150 116 1.69 and 260 268 8 0.576 27
0.93 LMR- 33 50 58 8 0.557 64 1.41 LMR- 34 22 40 18 0.055 89 1.25
LMR- 35 98 120 22 0.050 67 0.94 and 158 166 8 0.040 87 1.20 and 300
310 10 9.531 76 10.54 LMR- 36 scattered anomalous LMR- 37 54 82 28
0.686 148 2.66 and 172 180 8 0.334 53 1.03 LMR- 38 48 58 10 0.563
82 1.65 and 78 82 4 0.589 89 1.78 and 186 198 12 0.089 50 0.76 and
222 234 12 0.046 143 1.96 LMR- 40 scattered anomalous MTC- 36
scattered anomalous MTR-380 270 278 8 4.749 17 4.98 MTR-403 54 68
14 0.125 43 0.69 and 134 138 4 0.843 104 2.23 and 216 220 4 0.932
98 2.24 hole ended in mineralization MTR-405 16 20 4 3.028 292 6.91
MTR-406 6 10 4 0.643 88 1.81 and 28 44 16 0.127 71 1.08 and 78 86 8
0.405 48 1.04 incl 82 86 4 0.746 59 1.53 MTR-408 90 100 10 0.448 57
1.21 and 116 120 4 3.178 67 4.06 and 210 214 4 1.990 19 2.24 and
220 226 6 0.570 36 1.05 and 234 238 4 0.945 164 3.13 MTR-409
scattered anomalous MTR-410 188 192 4 1.837 71 2.78 MTR-411
scattered anomalous MTR-412 94 100 6 0.396 138 2.23 MTR-413
scattered anomalous MTR-414 scattered anomalous MTR-415 0 12 12
0.076 48 0.71 and 30 52 22 0.013 58 0.79 and 84 100 16 0.158 54
0.88 and 160 174 14 1.349 41 1.89 MTR-416 scattered anomalous
MTR-417 146 154 8 0.282 62 1.11 MTR-418 scattered anomalous MTR-419
scattered anomalous MTR-420 scattered anomalous MTR-421 scattered
anomalous (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 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
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. 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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