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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/26/13 -- Kimber Resources Inc. (TSX: KBR)(NYSE MKT: KBX) today announced results from its underground rehabilitation and sampling program within the historic Carmen Level 1, underground workings of the Carmen deposit at the 100% owned Monterde gold-silver project in Chihuahua, Mexico. Level 1 is the middle and most extensive of three levels developed on the Carmen deposit. Assay results from Level 1 at Carmen show significant strike lengths of high grade gold and silver mineralization remaining on the vein structure that were not removed by mining in the 1930's and 1940's. The continuity of these high grade zones, over significant strike lengths, supports the potential for similar continuity of high grade zones intersected in other areas of the Carmen deposit.
Individual sample highlights from the sampling program are as follows:
---------------------------------------------------------------------------- TrueSample Sample Width Gold Silver Gold Eq(i)Number Location (m) g/t g/t g/t----------------------------------------------------------------------------S090 Carmen 1 1.1 14.92 503.2 24.49----------------------------------------------------------------------------S059 Carmen 1 2.1 9.11 268.1 14.20----------------------------------------------------------------------------S022 Carmen 1 1.7 7.49 131.7 9.99----------------------------------------------------------------------------S108 Carmen 1 2.5 5.12 246.5 9.81----------------------------------------------------------------------------S045 Carmen 1 2.2 6.38 174.4 9.70----------------------------------------------------------------------------(i) Gold equivalent based upon silver:gold ratio of $27/$1420, Gross metalvalues, no recovery factor applied.
"We continue to be encouraged by the results of our underground sampling program in the Carmen deposit," said Gordon Cummings, President and CEO of Kimber Resources. "The historic mining targeted areas of high grade gold and silver mineralization with good continuity. This underground sampling program returned grades as high as 7.87 g/t gold equivalent over 25 metres of strike length. These results, showing continuity of high grade gold and silver, further adds to our belief that the Carmen deposit offers excellent economic potential."
The sampling results at Carmen, combined with drill results, have successfully provided valuable information, including:
1. Support of continuity of the zones of high grade mineralization within the Carmen vein structure in the old mine workings.2. Distribution of gold and silver within the mineralized zones on the Carmen structure.3. Mineralization controls, including lithological and structural.4. Ground conditions for mine development planning and economics.
The following highlights some of the notable mineralization interpreted following compilation of the results from Carmen Level 1 (see figures 3-4 for further illustration):
----------------------------------------------------------------------------Samples Approx AverageStations Strike sampleIncluded(ii) Length width Gold Silver Gold Eq.(i) (m) (m) (g/t) (g/t) (g/t)----------------------------------------------------------------------------S001-S014 40.0 2.0 0.82 65.2 2.06---------------------------------------------------------------------------- Including S001-S005 12.0 1.7 1.67 83.7 3.26----------------------------------------------------------------------------S015-S021 17.0 2.7 1.85 107.5 3.90----------------------------------------------------------------------------S017 N/A 26.0 0.28 61.9 1.46----------------------------------------------------------------------------S022-S027 19.0 2.4 1.75 100.5 3.66----------------------------------------------------------------------------S028-S048 60.0 2.4 0.90 105.3 2.90---------------------------------------------------------------------------- Including S035-S048 40.0 2.2 1.35 118.4 3.60----------------------------------------------------------------------------S050-S057 26.0 2.4 2.02 127.2 4.44----------------------------------------------------------------------------S059-S109 75.0 1.8 2.61 138.6 5.25---------------------------------------------------------------------------- Including S059-S090 25.0 1.7 4.53 175.9 7.87---------------------------------------------------------------------------- Including S090-S109 50.0 1.9 1.78 122.4 4.11----------------------------------------------------------------------------S066-S085 58.0 1.7 0.27 37.2 0.98----------------------------------------------------------------------------(i) Gold equivalent or Gold Eq g/t is based on a silver:gold ratio of$27/$1420 with no adjustment for estimated metallurgical recoveries(ii) Sample stations included in the selective strike length calculationsinclude only sample stations along the structure and thus may not includeall consecutive sample numbers. See Figures 3-4.
