Kimber to commence drilling at the Pericones silver project
25 Febrero 2010 - 7:45AM
PR Newswire (US)
VANCOUVER, Feb. 25 /PRNewswire-FirstCall/ -- Kimber Resources Inc.
(NYSE Amex:KBX, TSX:KBR) announces that drilling is set to commence
during March 2010 on the 100 percent owned Pericones silver project
in Southern Mexico. The initial core drilling program is expected
to be in the range of 2,500 to 3,000 metres and will be focused on
the Plaza de Gallos area of Pericones, where previous surface and
underground sampling returned significant silver values. "I am
pleased to announce our plans to commence drilling at Pericones
next month" said Gordon Cummings, President and CEO of Kimber
Resources. "Under the leadership of Marius Mare, Vice-President,
Exploration and our senior Mexican geologists, our technical team
has been making excellent progress in planning and preparing our
initial drill targets. This is an exciting period for Kimber as we
embark on an initial drill campaign at Pericones in tandem with
advancing the Monterde project towards a completed preliminary
economic assessment." The Pericones project is comprised of two
contiguous concessions totaling 11,890 hectares located
approximately 160 kilometres southwest of Mexico City. The area has
been the subject of mineral exploration since colonial times, with
numerous historic small scale mines and workings on the Pericones
property. Infrastructure is excellent, with two paved roads
transecting the concessions, both with parallel hydro lines, as
well as numerous, well maintained gravel roads connecting local
communities. Water is available year-round from streams and rivers
passing through the property. Four main areas of interest have been
identified at Pericones to date: Plaza de Gallos, El Cirian,
Aquacate and Tejamanil. The Plaza de Gallos target was the primary
focus of Kimber's most recent exploration work on the Pericones
property. An adit, approximately 110 metres long with two levels,
and excavated in the 1980's, was mapped and sampled by Kimber
personnel during the 2008/2009 exploration program. The Plaza de
Gallos structure ranges from 1.3 to 3.0 metres in width and
silver-gold mineralization occurs throughout the entire length of
the adit. High grade silver is associated with elevated levels of
copper, lead and zinc. Highlights from the underground sampling at
Plaza de Gallos include: - 1,362 g/t silver and 0.31 g/t gold over
2.3m; - 307 g/t silver and 0.24 g/t gold over 3.0m; - 480 g/t
silver over 2.9m; and - 225 g/t silver and 0.60 g/t gold over 1.9m.
The surface trace of the mineralization has been mapped by Kimber
geologists over 900 metres of strike from the adit portal. Five
samples collected from the surface expression of the structure
returned values of 171 g/t to 242 g/t silver in chip samples over
widths of 1.5 metres. These samples ranged from 190-160 metres
vertically above the mine workings. Kimber has finalized all land
use agreements and permitting at Plaza de Gallos and the target has
been prepared for drilling. About Kimber 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 deposits with gold-silver mineral
resources have already been defined. The most advanced of these,
the Carmen deposit, has been extensively drilled and has undergone
detailed geologic modeling in order to evaluate the potential for a
combined open pit and underground mining operation based on current
mineral resources. The Company is now seeking to complete a
preliminary economic assessment of the Carmen and Veta Minitas
deposits. 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 160 kilometres
southwest of Mexico City. 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
fulfil 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. The technical information
in this news release has been prepared in accordance with Canadian
regulatory requirements set out in National Instrument 43-101 and
reviewed by Mr. Petrus (Marius) Mare P.Geo., Vice-President
Exploration of the Company. The exploration activities at the
Monterde and Pericones project sites are carried out under the
supervision of Mr. Mare, who is the designated Qualified Person
under National Instrument 43-101 for the Monterde and Pericones
projects. Mr. Petrus (Marius) Mare, Vice-President Exploration, is
the designated Qualified Person (Q.P.) for the Monterde and
Pericones projects being responsible for quality control and has
verified the data being disclosed. He has determined that the
laboratory reports matched the surface and adit sample logs and
that the quality control assays fall within reasonable limits.
QA/QC procedures incorporate blanks inserted at the core shack
(Monterde and Pericones projects) and standards inserted after
sample preparation (Monterde Project). Pulps are analyzed by ALS
Chemex at its laboratory in North Vancouver, British Columbia,
using 50 gram sub-samples, using fire assay with an AA finish for
gold and four-acid digestion and ICP finish for silver from a 0.4
gram subsample. High grade gold or silver intervals are re-assayed
by fire assay with gravimetric finish. Cautionary Note to U.S.
Investors - The United States Securities and Exchange Commission
permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can
economically and legally extract or produce. Kimber Resources uses
certain terms on its website (and certain press releases), such as
"measured," "indicated," and "inferred," "resources," which the SEC
guidelines strictly prohibit U.S. registered companies from
including in their filings with the SEC. U.S.Investors are urged to
consider closely the disclosure in our Form 20-F which may be
secured from us, or from the SEC's website at
http://www.sec.gov/edgar.shtml. DATASOURCE: Kimber Resources Inc.
CONTACT: Matthew Hamilton, Manager of Investor Relations or Gordon
Cummings CA, 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:
Copyright