KIMBER CONTINUES STEPPING OUT AT CARMEN; CUTS 7.25 g/t Au Eq OVER 8 METRES
May 12, 2006
VANCOUVER, BRITISH COLUMBIA - Kimber Resources Inc. (AMEX:KBX, TSX:KBR)
Further drill results from both the Carmen and Carotare deposits are reported below. Both deposits remain open for expansion. Drilling continues.
Results from Carmen include MTR-331 which had 8 metres of 7.25g/t Au eq and 4 metres of 10.09 g/t Au eq. This hole was drilled in the sparsely-drilled gap between the well-drilled portion of the deposit and the Cocos structure. MTR-328, in the same area to the southwest of the Cocos structure, contained18 metres of 2.10 g/t Au eq. Overall, the results from Carmen show multiple intervals of good open pit grades in almost all of the holes.
The first five Reverse Circulation ("RC") drill holes (CTR-29 to 33) in western part of the Carotare zone, 250 metres west of the previous drilling, intersected no significant grades. The holes did not intercept the mineralized zone seen at surface, probably because the structure does not dip in the expected direction. The next holes will be drilled in the opposite direction, towards the south, instead of towards the north. In the meantime, additional holes are being drilled on the eastern part of the Carotare target where the first 28 holes generated a resource estimate (announced November 8, 2005 using a conversion factor of 85:1) of 101,000 Au eq resource ounces of Measured & Indicated together with 139,000 Au eq resource ounces in the Inferred category.
To view the drill results and entire text, click here:
http://www.kimberresources.com/newsletter156
True widths are expected to range between 65% and 85% of the intervals reported on the table above.
Ejido Agreement
The Company is pleased to report that a second Ejido (land-owning collective) has approved an agreement with the Company for access and surface rights for exploration, development and mining. This Ejido is located to the north of the Ejido with which the Company has an existing agreement. It covers the northern mineral concessions which may be required for future operations.
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 initial resource estimate on Carotare was reported in November 2005. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Darren Klinck
Director, 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: news@kimberresources.com
Mr. Alan Hitchborn, B.Sc., Vice President Development, manages the field program of drilling and trenching 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 Hermosillo, 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.
