Kimber announces key addition to personnel & updates on drilling
November 15 2006 - 5:15AM
PR Newswire (US)
VANCOUVER, Nov. 15 /PRNewswire-FirstCall/ -- Kimber Resources Inc.
(AMEX: KBXAMEX:TSX:AMEX:KBR) The Company is pleased to announce a
key appointment for its Mexican operations. Ing. Manuel Flores has
been appointed to the position of Assistant General Manager,
Mexico. Ing. Flores is an engineer with more than 25 years of
experience in the Mexican mining sector. He brings with him a
wealth of experience in: mining, processing, project management and
planning, and cost control. Ing. Flores will supervise the
operations of Kimber's subsidiaries in Mexico and will be an
important link for Kimber with the Mexican mining community. Drill
Results Further drill results from 17 holes at Monterde are
reported below. The results include reverse circulation drilling on
Carotare (CTR), Veta Minitas (LMR), and Carmen (MTR) as well as
core drilling on Carmen (MTC). These results mainly focused on
infill drilling at Carmen. MTC-60, MTC-65, MTR-432, and MTR-434 all
had notable intersections on Carmen. Of the three holes at Carotare
(CTR), CTR-44 was in Carotare West and CTR-46 was in Carotare East.
Because of limited access at the time of drilling, both holes
originated from pads already in place but in different directions
from previously drilled holes in those areas. 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. Highlights include:
MTC - 65 6 metres of 19.38 g/t gold-equivalent MTC - 60 32 metres
of 2.35 g/t gold-equivalent MTR - 434 8 metres of 5.85 g/t
gold-equivalent MTR - 432 30 metres of 1.94 g/t gold-equivalent
Gold Drill Equi- Hole From To Interval Gold Silver valent -----
---- --- -------- ----- ------ -------- (m) (m) (m) (g/t) (g/t)
(g/t)(x) CTR- 43 no significant intercepts CTR- 44 74 78 4 1.933 92
3.15 LMR- 43 96 118 22 0.097 47 0.73 and 278 282 4 2.265 7 2.36
LMR- 46 120 136 16 0.117 94 1.37 and 140 146 6 0.109 72 1.07 and
194 200 6 2.108 68 3.02 MTC- 39 218 226 8 1.164 17 1.39 MTC- 45 28
36 8 0.354 85 1.48 and 48 88 40 0.081 57 0.84 MTC- 60 40 72 32
0.305 153 2.35 MTC- 65 6.1 36 29.9 0.055 47 0.68 and 106 122 16
1.788 75 2.78 and 288 294 6 11.828 566 19.38 and 298 302 4 4.233 37
4.73 MTC- 75 140 144 4 1.778 23 2.08 and 196 208 12 2.435 24 2.75
MTC- 78 72 78 6 2.101 54 2.82 and 146 152 6 3.690 104 5.07 and 158
176 18 0.221 50 0.89 MTR-427 scattered anomalous MTR-432 58 88 30
1.057 66 1.94 incl 68 76 8 2.809 82 3.90 and 102 106 4 1.219 79
2.27 and 140 150 10 0.648 5 0.72 MTR-433 no significant intercepts
MTR-434 58 66 8 0.122 53 0.83 and 138 144 6 2.059 20 2.32 and 184
190 6 0.999 48 1.64 and 270 278 8 4.245 121 5.85 MTR-435 164 172 8
1.648 49 2.30 and 176 194 18 0.855 36 1.34 and 198 206 8 0.626 17
0.85 MTR-436 48 56 8 1.065 60 1.86 (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. 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 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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