Kimber Resources (TSE:KBR) announced Wednesday it intersected strong gold mineralization deeper than ever at the Carmen deposit on its Monterde project in Mexico.
Assays for three drill holes, which intended to expand and upgrade the mineral resource at the property, intersected several strong grades at the Carmen Deep target.
Hole MTC-122D, which intersected 22.7 grams per tonne (g/t) gold and 32.6 g/t silver over 2.3 metres, including 38.1 g/t gold and 52.3 g/t silver over 1.4 metres, was drilled to a depth of 553.9 metres down hole and was wedged off of hole MTC-122, which returned 3.0 g/t gold and 6.6 g/t silver over 2.2 metres.
Meanwhile, hole MTRD-502, returned 88 g/t gold and 7.7 g/t silver over 3.0 metres, including 1.5 metres grading 16.6 g/t gold and 8.7 g/t silver. This hole had intersected the Carmen deposit for over 30 metres, directly below previously reported hole MTRD-476, which had found 78.4 g/t gold and 127.9 g/t silver over 5.2 metres in May.
Kimber's President and CEO Gordon Cummings said: "The intercepts . . . hole MTC-122D and . . . hole MTRD 502 are significant as they give further support for the extension of possible high grade gold-silver mineralization on the main Carmen structure below the currently defined mineral resources that comprise the Carmen deposit."
Drill hole MTRD-501, which was drilled 450 metres below surface and 100 metres along strike to the north, intersected 2.0 metres grading 3.5 g/t gold and 236.0 g/t silver.
Kimber, whose stock on the Toronto Stock Exchange rose 5.66% as of 3:35 pm EDT, to trade at $1.68, currently has three core drill rigs and one reverse circulation rig on site, with drilling being conducted on the Cob structure, which is part of the Carmen deposit, and at the Veta Minitas deposit.