Kimber Intersects Additional High Grade Gold Mineralization at Depth Below Carmen Resource at Monterde
VANCOUVER, Aug. 12 /PRNewswire-FirstCall/ — Kimber Resources Inc. is pleased to report further drill results from diamond drilling at its Monterde property in the prolific Sierra Madre gold-silver belt of Mexico, where several holes intersected significant gold-silver mineralization at depth, below the Carmen resource. The Carmen deposit contains the majority of the gold-silver resources at the Monterde property. In particular Holes MTC-08-112, MTC-08-115, MTC-08-116 and MTC-08-117 had high grade gold intercepts below the existing resource, in some cases over 100 metres below the deepest previous intercepts in the relevant Carmen section.
Highlights of recent results are tabulated below, while complete results are attached.
Drill Hole From To Interval Gold Silver Gold Equivalent ———- —- — ——– —- —— ————— (m) (m) (m) (g/t) (g/t) (g/t)* MTC-08-108 261.4 263.4 2.0 1.8 187.2 4.3 and 390.0 393.0 3.0 3.3 13.9 3.5 MTC-08-110 164.5 166.0 1.5 5.8 1.6 5.8 MTC-08-112 496.5 501.3 4.8 3.7 3.9 3.7 and 513.3 514.8 1.5 20.7 4.2 20.8 and 519.3 522.9 3.6 1.5 3.0 1.5 MTC-08-113 120.2 121.7 1.5 3.9 235 7.0 MTC-08-114 238.0 239.5 1.5 5.0 55.2 5.8 and 271.0 272.5 1.5 3.0 29.2 3.4 and 299.5 301.0 1.5 4.6 90.0 5.8 and 368.5 370.0 1.5 1.2 53.1 2.0 MTC-08-115 518.0 519.5 1.5 13.1 4.7 13.2 MTC-08-116 450.3 454.0 3.7 8.3 6.2 8.4 MTC-08-117 455.0 458.0 3.0 1.8 8.0 1.9 * Gold equivalent grade assumes equivalence of 75 grams of silver to one gram of gold. True widths are expected to range between 65 per cent and 85 per cent of the intervals reported on the table.
“I am pleased that we have found further evidence of significant gold-silver mineralization at depth, below the Carmen deposit,” said Gordon Cummings, President and CEO of Kimber Resources. “We will continue to develop our understanding of the depth potential of the Carmen gold-silver mineralizing system and the implications for the rest of the Monterde property.”
There are still outstanding drill results for one more hole from Carmen and the two holes drilled at Veta Minitas. Drilling on the recent drill program was completed in the middle of July this year.
About Kimber
Kimber owns mineral concessions covering in excess of 39,000 hectares in the prospective Sierra Madre gold-silver belt, including the Company’s Monterde property, where three gold-silver deposits have already been identified. The most advanced of these, the Carmen deposit, has been extensively drilled and is currently undergoing detailed geologic modeling in order to evaluate the potential for a combined open pit and underground mining operation based on current resources. In addition, the Company has a 100% interest in the mineral concessions of its Pericones property, an 11,890 hectare property targeted for silver, located approximately 100 kilometres southwest of Mexico City.
Mr. Petrus (Marius) Mare, Vice-President Exploration, managed this program of drilling on the Monterde project and is also the designated Qualified Person (Q.P.) for the project being responsible for quality control and has verified the data being 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 inserted at the core shack and standards inserted after sample preparation. Diamond drilling has been carried out. A one half split of sections of interest from 0.5 metres to 1.5 metres in length marked by the site geologist is cut by diamond saw. Pulps are analysed by ALS Chemex at its laboratory in North Vancouver, British Columbia, using 50 gram sub-samples, using fire assay with an AA finish for gold and four-acid digestion and ICP finish for silver from a 0.4 gram subsample. High grade 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 fulfil 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. Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as “measured,”"indicated,” and “inferred,”"resources,” which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S.Investors are urged to consider closely the disclosure in our Form 20-F which may be secured from us, or from the SEC’s website at http://www.sec.gov/edgar.shtml.
Tabulation of significant drill results from recent Carmen assays to accompany news release dated August 12, 2008
Drill Hole From To Interval Gold Silver Gold Equivalent ———- —- — ——– —- —— ————— (m) (m) (m) (g/t) (g/t) (g/t)* MTC-08-108 155.5 160.0 4.5 1.4 108.5 2.9 and 228.0 232.2 4.2 3.1 32.4 3.5 and 261.4 263.4 2.0 1.8 187.2 4.3 and 390.0 393.0 3.0 3.3 13.9 3.5 MTC-08-109 16.0 22.0 6.0 1.0 117.3 2.6 and 134.5 137.5 3.0 3.1 55.7 3.8 and 143.3 150.0 6.7 1.6 37.6 2.1 MTC-08-110 100.5 102.0 1.5 0.9 121.0 2.5 and 164.5 166.0 1.5 5.8 1.6 5.8 MTC-08-111 No significant results MTC-08-112 496.5 501.3 4.8 3.7 3.9 3.7 and 513.3 514.8 1.5 20.7 4.2 20.8 and 519.3 522.9 3.6 1.5 3.0 1.5 MTC-08-113 21.0 26.5 5.5 0.3 108.8 1.8 and 120.2 121.7 1.5 3.9 235 7.0 and 189.9 194.0 4.1 1.5 25.5 1.8 and 305.5 310.0 4.5 1.1 2.1 1.1 MTC-08-114 18.0 19.1 1.1 0.4 88.1 1.5 and 111.5 113.0 1.5 1.3 72.7 2.3 and 211.5 213.0 1.5 1.2 12.5 1.4 and 238.0 239.5 1.5 5.0 55.2 5.8 and 271.0 272.5 1.5 3.0 29.2 3.4 and 299.5 301.0 1.5 4.6 90.0 5.8 and 368.5 370.0 1.5 1.2 53.1 2.0 MTC-08-115 518.0 519.5 1.5 13.1 4.7 13.2 MTC-08-116 450.3 454.0 3.7 8.3 6.2 8.4 MTC-08-117 455.0 458.0 3.0 1.8 8.0 1.9 MTC-08-119 No significant results * Gold equivalent grade assumes equivalence of 75 grams of silver to one gram of gold. True widths are expected to range between 65 per cent and 85 per cent of the intervals reported on the table.
Kimber Resources Inc.
CONTACT: Matthew Hamilton, Manager of Investor Relations or GordonCummings CA, 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: news@kimberresources.com