Kimber Intercepts 5.2 Metres Of 51.9 G/T Gold And 1,076 G/T Silver Below Carmen Gold-Silver Deposit, Monterde Project
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Hole MTRD-477 hits multiple structures below previous drilling, improving potential for underground extraction of Carmen Deep areas
Vancouver, British Columbia - Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) is pleased to announce the results of a further 8 drill holes from its ongoing drill program at the Carmen Deposit at its Monterde Project in Mexico.Hole MTRD-477 was drilled with the objective of expanding and upgrading mineral resources potentially amenable to underground extraction ("Carmen Deep" target) and intersected multiple high grade zones of gold-silver mineralization, as detailed below. Seven of the drill holes (MTR-483 to 489) were drilled to increase the confidence level of shallow mineral resources potentially amenable to open pit extraction ("Carmen Pit" targets). These seven holes returned results in line with expectations and will support increased confidence in mineral resources in the Carmen Pit areas.
"We are extremely pleased with these most recent results from drilling at the Carmen deposit," said Gordon Cummings, President and CEO of Kimber Resources. "Hole MTRD-477 had a number of high grade gold-silver intercepts involving multiple structures, including one of the best high-grade gold-silver drill intercepts ever recorded at Monterde, returning 5.2 metres of 51.9 g/t gold and 1,076.7 g/t silver from the Hilos structure within the Carmen Deposit. This intercept, drilled with core, contained visible gold and also includes 1.3 metres of 188.5 g/t gold and 3,770 g/t silver. Two additional intercepts (of 0.9 metres of 44.5 g/t gold and 38.2 g/t silver and 1.2 metres of 28.2 g/t gold and 26.0 g/t silver) are interpreted to have come from the main Carmen structure, 40 metres below previous drilling, and are associated with strong sulphide veining," he said. "These high grade intercepts are very positive and indicate potential to expand high grade gold-silver mineral resources in Carmen Deep areas."
Highlights of assay results from hole MTRD-477 drilled at the Carmen deposit are tabulated below, while complete results for all eight holes are attached:
Drill hole
Section
From
(m)
To
(m)
Intercept*
(m)
Gold
(g/t)
Silver
(g/t)
Gold equivalent**
(g/t)
MTRD-477
34
166.0
174.0
8.0
1.7
181.5
4.7
including
172.0
174.0
2.0
5.1
418.0
12.0
and
***
255.5
260.7
5.2
51.9
1,076.7
69.9
including
***
256.9
258.2
1.3
188.5
3,770.0
251.3
and
338.4
340.4
2.0
25.2
725.0
37.3
and
410.4
411.2
0.8
23.4
23.1
23.8
and
418.5
419.4
0.9
44.5
38.2
45.1
and
432.0
433.2
1.2
28.2
26.0
28.6
* True widths are expected to range between 65% and 85% of the intervals reported on the table above.
**Gold equivalent grade assumes equivalence of 60 grams of silver to one gram of gold.
*** Gold grade confirmed by 1kg screened fire assay.
Drill hole MTRD-477 was drilled on section 34 with the goal of testing the Carmen structure at a vertical depth of 350 metres below surface, in an area that had not been drill tested in the past. High grade silver mineralization between 166 and 174 metres down hole is associated with a hanging wall splay to the Cob structure. Alteration consists of moderate limonite and hematite hosted by intermediate pyroclastic breccias. High grade gold and silver mineralization between 268.2 and 274.7 metres down hole is associated with a zone of quartz veining with veinlets of galena and sphalerite and occasional amethyst and is interpreted to correspond to the Hilos structure. Between 415.6 metres and 420.1 metres down hole, a zone of strong sulphide veining was intersected. Mineralization in this intercept consists of coarse grained sphalerite with galena, quartz, calcite and hematite veins. This style of mineralization extends sporadically downhole to 437.4 metres and is associated with high grade gold mineralization. These sulphide veins are interpreted to represent a new style of mineralization on the Carmen structure and suggest potential for a high sulphidation epithermal gold system.
In order to review a plan view of the location of the drill collars of each hole and to view a vertical section of hole MTRD-477 showing a selection of intercepts detailed in the highlights summary above please click on the following link:
The drilling of the Carmen Deep targets utilizes a combination of reverse circulation drilling at the top of the hole and diamond drilling in the lower part of the hole to improve productivity and reduce costs. Additional drilling is underway in the Carmen Deep target area.
The seven shallow holes represent the completion of the most recent program of Carmen Pit holes and data from all the new holes in the Carmen Pit area will be used to assist with updated mineral resource estimation and mine planning.
Complete table of Carmen drill results
To accompany Kimber News Release Dated May 26, 2011
Drill hole
Section
From
(m)
To
(m)
Intercept*(m)
Drill
type
Gold
(g/t)
Silver
(g/t)
Gold equivalent
(g/t)**
Structure
MTRD-477
34
166.0
174.0
8.0
RC
1.7
181.5
4.7
Cob
including
172.0
174.0
2.0
RC
5.1
418.0
12.0
Cob
and
***
255.5
260.7
5.2
Core
51.9
1,076.7
69.9
Hilos C2 HW
including
***
256.9
258.2
1.3
Core
188.5
3,770.0
251.3
Hilos C2 HW
and
268.2
274.7
6.6
Core
2.3
102.6
4.0
FW Splay Hilos C2
and
338.4
340.4
2.0
Core
25.2
725.0
37.3
Hilos FW splay
and
410.4
411.2
0.8
Core
23.4
23.1
23.8
Carmen HW splay
and
418.5
419.4
0.9
Core
44.5
38.2
45.1
Carmen HW splay
and
425.6
426.9
1.3
Core
3.8
10.7
4.0
Carmen HW splay
and
432.1
438.5
6.4
Core
5.6
6.2
5.7
Carmen
including
432.1
433.2
1.1
Core
28.2
26.0
28.6
Carmen
MTR-483
40.5
20.0
26.0
6.0
RC
0.2
35.3
0.8
Hilos Splay1
and
44.0
50.0
6.0
RC
0.4
108.2
2.2
Hilos C2-Splay1
including
48.0
50.0
2.0
RC
0.8
200.0
4.2
Hilos C2-Splay1
and
