Kimber announces drill results from Monterde & sampling at Pericones projectadmin
Kimber Resources Inc.
Monterde Drill Results
Kimber is pleased to report further drill results from 30 holes at Monterde. These results are from reverse circulation (“RC”) drilling at Monterde on Carmen (MTR) and Carotare (CTR) as well as core drilling on Carmen (CTC). Additionally, there are two reverse holes on El Orito Norte (EOR) and one on Veta Minitas (LMR).
The core holes on Carmen continue to confirm the previously published reverse circulation (“RC”) drilling.
The most noticeable intersections continue to be from the Carmen structure itself, but an unnamed structure adjacent to the old Los Hilos mine in the hanging wall of the Carmen, is proving to be a previously unrecognized high grade shoot (MTR-441: 14 metres of 17.72 g/t gold equivalent).
Drilling on the Carotare has further confirmed the main structure on Carotare East (28 metres of 2.89 g/t gold in CTR-61) but the South Structure does not appear to have significant mineralization.
Veta Minitas (LMR-32) has produced additional intersections over 25 metres in apparent width.
Drilling in January is focused on the high grade zone on Veta Minitas reported in November (LMR-47) and on drilling the El Orito Norte, where access roads have now been built.
Drill data on the Carmen deposit is being further examined to explore the possibility that optimum economics may be achieved with mill feed from both underground and open-pit.
True widths on Carmen and Carotare 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.
Kimber is also pleased to report results from the mapping and sampling program at the 6300 hectare Pericones Project located approximately 100 kilometres southwest of Mexico City in Estado de Mexico.
The Pericones project was acquired through staking and covers areas of altered volcanic rock thought to be prospective for bulk tonnage silver deposits. Throughout the property there are numerous old workings which appear to be at least 100 years old.
There are two principal areas of alteration, mineralization, and old workings identified so far: Aguacate and Tejamanil.
Preliminary surface sampling and chip sampling from the old workings as well as geological mapping on the Aguacate area have identified several areas with silver values of potential economic interest. Information on two of these is now sufficient to justify drilling.
While these are early stage results, they are promising and will allow us to continue with further work to prepare for drilling once permits can be secured. The Tejamanil target requires additional mapping and sampling before drill targets can be identified.
Kimber Resources Inc. holds a 100% interest in the Monterde property in the Sierra Madre of northern Mexico. On the Monterde property, The Company 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 Company recently acquired a second project, the “Pericones” in Estado de Mexico. This prospective silver system is undergoing a mapping and sampling program with drilling expected in 2007. For further information on the company visit SEDAR or the company website at 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.
Mr. Jesus Gradias, B.Sc., Project Manager, managed this mapping and sampling program at the Pericones project. Mr. J.B. Richards, P.Eng., Vice President Engineering, acted as the Qualified Person (Q.P.) for this news release. 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.
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 (after January 21, 2007), 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: firstname.lastname@example.org
Source: Kimber Resources Inc.