Kimber announces further drill results
19 October 2006 - 9:00PM
PR Newswire (US)
Kimber Resources Inc. (AMEX:KBX, TSX:KBR) VANCOUVER, Oct. 19
/PRNewswire-FirstCall/ -- Kimber is pleased to report further drill
results from 19 holes on the Carmen, Veta Minitas and Carotare
deposits. Drill Results Carmen Deposit Drilling concentrated
further on testing the northern and northeastern limits of the
deposit. One notable intercept was on MTR-407 which returned four
metres of 16.58 g/t gold equivalent. This was a step out from
MTR-373 (reported August 8, 2006) and infill to MTR-422 which is
also reported in this news release. Additional intercepts from
various holes reported grade but the limits to the deposit are now
very close to being defined. Carotare & Veta Minitas Deposits
Two holes at Carotare and five from Veta Minitas demonstrated
various intervals of grade. The drilling at Carotare was targeted
at testing outlying structures. Drilling at Veta Minitas was to
test the area between the Carmen footwall and the Veta Minitas
structure. 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.
Hole From To Width Gold Silver AuEq ---- ---- -- ----- ---- ------
---- (m) (m) (m) (g/t) (g/t) (g/t)(x) CTR-45 scattered anomalous
CTR-46 254 260 6 1.768 7.0 1.861 LMR-39 40 46 6 0.747 98.0 2.054
and 234 248 14 1.349 6.1 1.431 LMR-41 scattered anomalous LMR-42 22
30 8 0.062 95.3 1.332 LMR-44 scattered anomalous LMR-45 scattered
anomalous MTC-37 22 32 10 0.121 44.2 0.71 and 62 86 24 0.557 80.0
1.62 and 268 272 4 1.808 9.5 1.93 and 280 288 8 0.840 2.5 0.87
MTC-38 40 60 20 0.040 69.9 0.97 and 72 84 12 0.222 67.5 1.12 and
124 140 16 0.335 59.3 1.12 and 258 263.1 5.1 1.692 26.3 2.04 hole
ended in mineralization MTR-407 160 164 4 1.491 32.0 1.92 and 234
250 16 0.911 12.4 1.08 and 256 260 4 16.426 11.5 16.58 MTR-421
scattered anomalous MTR-422 16 20 4 2.378 38.0 2.88 and 284 288 4
2.803 4.5 2.86 MTR-423 122 126 4 0.580 86.0 1.73 MTR-424 scattered
anomalous MTR-425 scattered anomalous MTR-426 146 152 6 0.611 87.3
1.78 MTR-428 scattered anomalous MTR-429 scattered anomalous
MTR-430 no significant intercepts MTR-431 4 10 6 0.456 74.0 1.44
and 66 86 20 0.149 44.4 0.74 hole ended in mineralization (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. Current Operations The rainy
season in the Sierra Madre has started to subside allowing the team
on the ground to make better progress with road repairs and drill
road and pad building. Access to Carotare and El Orito Norte
continues to be a top priority and over the past month good
progress has been made on Carotare East & West. At Carotare,
there are now a number of roads in place from which to develop pads
to access both the eastern and western structures. Road building at
El Orito, while slow because of the steepness of terrain, has
allowed for some drilling to take place during this drill period.
Further road access to key structures is under construction in
preparation for additional drilling. Property Acquisition Kimber,
through a wholly-owned Mexican subsidiary, has acquired a new
property, approximately 7200 hectares in size in Estado de Mexico.
Staking of the property was initiated some time ago, but the
announcement of the acquisition was postponed until title could be
made secure. The property ("Pericones") covers at least two areas
which are prospective for bulk tonnage silver deposits. Each has
pervasive alteration with numerous old workings. Preliminary
mapping and sampling is in progress. The property was staked
because it was seen to cover at least one alteration system which
appeared prospective for bulk tonnage silver. Work on the property
is at an early stage (no drilling). Monterde continues to be the
main focus of the Company. Only one geologist along with some local
help will be available for the mapping and sampling program at
Pericones. 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. Antonio Aguilar, 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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