Vancouver – Several step-out holes drilled by Kimber Resources (KBR-T, KBX-X) have intersected gold-silver mineralization and expanded the potential of the Carmen deposit, one of three adjacent epithermal systems at the company’s wholly owned Monterde property in the Sierra Madre belt of northern Mexico.
The highlight from recent step-out drilling targeting the area northeast of Carmen was a 24-metre intersection grading 2.8 grams gold and 105 grams silver per tonne, or 4.05% grams gold-equivalent (based on 85 grams silver equal to 1 gram gold). The intersection includes a 4-metre interval grading 9.79 grams gold and 226 grams silver, or 12.45 grams gold-equivalent.
Two other step-out holes returned 36 metres of 1.48 grams gold and 74 grams silver, or 2.35 grams gold-equivalent, and 74 metres of 0.92 gram gold and 65 grams silver, or 1.69 grams gold-equivalent, respectively. True widths are estimated to range between 65% and 85% of the reported intervals.
Kimber reported results from a total of 16 reverse-circulation and three core holes recently drilled at Monterde, including 17 drilled at or near Carmen. Two holes tested an area considered to a potential starter-pit at Carmen, and returned 32 metres of 2.72 grams gold-equivalent, and 60 metres of 1.62 grams gold-equivalent, respectively.
Other highlights from drilling at Carmen include 4 metres grading 8.88 grams gold-equivalent, and 6 metres of 7.95 grams gold-equivalent at depths between 254 metres and 280 metres.
The Carmen deposit was mined by underground methods in 1930s, but drilling is now focused on defining open-pittable resources. At last report, measured and indicated resources stood at 19.5 million tonnes grading 0.87 gram gold and 576 grams silver, plus another 7.4 million tonnes of 1 gram gold and 39 grams silver in the inferred category.
Two other deposits, Carotare and Vetas Minitas, add another 3.6 million tonnes of measured and indicated resources at roughly similar grades, along with about 4 million tonnes of inferred resources.
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