Kimber Resources Inc. report further drill results from diamond drilling at its Monterde property in the prolific Sierra Madre gold-silver belt of Mexico, where several holes intersected significant gold-silver mineralization at depth, below the Carmen resource. The Carmen deposit contains the majority of the gold-silver resources at the Monterde property. In particular Holes MTC-08-112, MTC-08-115, MTC-08-116 and MTC-08-117 had high grade gold intercepts below the existing resource, in some cases over 100 metres below the deepest previous intercepts in the relevant Carmen section.
“I am pleased that we have found further evidence of significant gold-silver mineralization at depth, below the Carmen deposit,” said Gordon Cummings, President and CEO of Kimber Resources. “We will continue to develop our understanding of the depth potential of the Carmen gold-silver mineralizing system and the implications for the rest of the Monterde property.”
There are still outstanding drill results for one more hole from Carmen and the two holes drilled at Veta Minitas. Drilling on the recent drill program was completed in the middle of July this year.
Kimber owns mineral concessions covering in excess of 39,000 hectares in the prospective Sierra Madre gold-silver belt, including the Company’s Monterde property, where three gold-silver deposits have already been identified. The most advanced of these, the Carmen deposit, has been extensively drilled and is currently undergoing detailed geologic modeling in order to evaluate the potential for a combined open pit and underground mining operation based on current resources. In addition, the Company has a 100% interest in the mineral concessions of its Pericones property, an 11,890 hectare property targeted for silver, located approximately 100 kilometres southwest of Mexico City.