drbubb Posted October 19, 2006 Report Share Posted October 19, 2006 Kimber Resources (KBX) and (KBR.v) Self-updating Daily KIMBER ANNOUNCES FURTHER DRILL RESULTS October 19, 2006 VANCOUVER, BRITISH COLUMBIA - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) Kimber is pleased to report further drill results from 19 holes on the Carmen, Veta Minitas and Carotare deposits. KBX Weekly Chart ... update : Daily Drill Results Carmen Deposit Drilling concentrated further on testing the northern and northeastern limits of the deposit. One notable intercept was on MTR-407 which returned four metres of 16.58 g/t gold equivalent. This was a step out from MTR-373 (reported August 8, 2006) and infill to MTR-422 which is also reported in this news release. Additional intercepts from various holes reported grade but the limits to the deposit are now very close to being defined. Carotare & Veta Minitas Deposits Two holes at Carotare and five from Veta Minitas demonstrated various intervals of grade. The drilling at Carotare was targeted at testing outlying structures. Drilling at Veta Minitas was to test the area between the Carmen footwall and the Veta Minitas structure. 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. *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. Current Operations The rainy season in the Sierra Madre has started to subside allowing the team on the ground to make better progress with road repairs and drill road and pad building. Access to Carotare and El Orito Norte continues to be a top priority and over the past month good progress has been made on Carotare East & West. At Carotare, there are now a number of roads in place from which to develop pads to access both the eastern and western structures. Road building at El Orito, while slow because of the steepness of terrain, has allowed for some drilling to take place during this drill period. Further road access to key structures is under construction in preparation for additional drilling. Property Acquisition Kimber, through a wholly-owned Mexican subsidiary, has acquired a new property, approximately 7200 hectares in size in Estado de Mexico. Staking of the property was initiated some time ago, but the announcement of the acquisition was postponed until title could be made secure. The property ("Pericones") covers at least two areas which are prospective for bulk tonnage silver deposits. Each has pervasive alteration with numerous old workings. Preliminary mapping and sampling is in progress. The property was staked because it was seen to cover at least one alteration system which appeared prospective for bulk tonnage silver. Work on the property is at an early stage (no drilling). Monterde continues to be the main focus of the Company. Only one geologist along with some local help will be available for the mapping and sampling program at Pericones. About Kimber Kimber Resources Inc., which holds a 100% interest in the Monterde property in the Sierra Madre of northern Mexico, 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 www.kimberresources.com Link to comment Share on other sites More sharing options...
drbubb Posted March 15, 2008 Author Report Share Posted March 15, 2008 Kimber is coming back to life - at last !: KBX: $1.44 Change: +0.18 Open: 1.27 High: 1.45 Low: 1.26 Volume: 671,400 Percent Change: +14.29% KBX Chart : Daily Link to comment Share on other sites More sharing options...
Newbear Posted March 15, 2008 Report Share Posted March 15, 2008 Kimber is coming back to life - at last !: KBX: $1.44 Change: +0.18 Open: 1.27 High: 1.45 Low: 1.26 Volume: 671,400 Percent Change: +14.29% KBX Chart : Daily Yeah! It's been good to see it come back from underwater. Tyhee too. In fact signs of movement in several juniors. Link to comment Share on other sites More sharing options...
drbubb Posted March 15, 2008 Author Report Share Posted March 15, 2008 THIS is a nice powerful move with some volume behind it Link to comment Share on other sites More sharing options...
silverharp Posted March 16, 2008 Report Share Posted March 16, 2008 I hope the shorts are feeling some pain. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.