Kimber updates exploration activities at Monterde gold-silver and Pericones silver properties
“We are pleased to have identified three new targets in close proximity to the
Monterde Exploration Activities
During 2009, Kimber undertook a significant mapping and sampling program within a 4km radius of the
Kimber is considering a small diamond drill program, totaling 2,000m to 3,000m, to drill test these new targets once the rainy season ends during
Veta Verde
The Veta Verde structure lies approximately two kilometres to the northeast of the
Veta Norte
The Veta Norte structure has a northwest strike with near vertical dips and has been traced over 200 metres along strike but remains open to the southeast, where it is covered by overburden. This new structure is characterized by zones of oxidation with patches of silicification ranging from 50 cm to 3 metres in width. The first round of chip sampling of outcrop returned values ranging from 26 to 187 g/t silver. The structure appears to contain trace, but elevated, levels of barium, manganese and antimony associated with the silver, a similar association to that at the
Veta 0409
The Veta 0409 structure has a NW strike with dips of 75-80 degrees to the SW and has been traced for 650 metres along strike. Observed widths range from 6 to 15 metres and consist of irregularly filled fissures of banded crustiform quartz and hematite. The host rock is the same as those encountered at the other two structures. A total of 140 channel samples were collected and returned anomalous values in silver including 4m grading 43g/t Ag, 4m grading 27g/t Ag and 6m grading 16g/t Ag, all associated with anomalous values in lead and zinc.
In tandem with completing the preliminary assessment on the known mineral resources at Monterde, Kimber’s technical staff and consultants are also reviewing the potential to expand the current mineral resources at the existing deposits of
Pericones update
Kimber recently completed a 2,190m drill program on its 100% owned Pericones Project. The program consisted of 16 core holes targeted on the Plaza de Gallos structure. The holes were designed to intersect a 3 metres wide silicified structure hosted in andesite and carbonaceous shale. Highlights of the results of the drilling are provided in the table below:
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Weighted
From To Width Average Weighted
Drill Hole (metres) (metres) (metres) silver Average gold
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PG-D02 80.17 83.25 3.08 29.5g/t Ag 0.037g/t Au
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including 81.39 82.30 0.91 77.0g/t Ag 0.053g/t Au
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PG-G03 60.10 62.36 2.26 20.0g/t Ag 0.128g/t Au
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and 67.69 71.03 3.34 32.3g/t Ag 0.046g/t Au
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including 69.94 71.03 1.09 77.1g/t Ag 0.053g/t Au
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PG-H05 128.77 131.20 2.43 37.8gt Ag 0.099g/t Au
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PG-K08 117.89 121.47 3.58 23.0g/t Ag 0.037g/t Au
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PG-R14 117.40 122.75 5.35 7.5g/t Ag 0.215g/t Au
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Analyses of the drill results by Kimber staff indicate that the intersected zones are geochemically similar to the previously released adit samples but are lacking in the silver-bearing base metal sulphides that characterized the adit samples. Kimber has outlined three additional, untested areas of mineralization on the Pericones property which will be evaluated in the coming months.
About Kimber
Kimber owns mineral concessions covering in excess of 39,000 hectares in the prospective
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.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Mr.
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. Kimber Resources uses certain terms on its website (and certain press releases), 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.
SOURCE Kimber Resources Inc.
