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Kimber Announces Updated Preliminary Assessment and Mineral Resource Estimate for Monterde Gold-Silver Project, Mexico
http://finance.yahoo.com/news/Kimber-Announces-Updated-prnews-2706870616.html?x=0&.v=17
Press Release Source: Kimber Resources Inc. On Wednesday June 8, 2011, 9:15 am EDT
Reduced open pit size and strip ratio, increase in measured mineral resource for Carmen Deposit
After tax IRR of 40.6% and 2 year payback at $1100 gold and $19 silver
For the full release, click link above...
Carmen is going to be the big one for Kimber...
Curious about financials? See them here:
http://www.kimberresources.com/investors-financial-annual
The last 2 weeks have been nothing short of spectacular.
KIMBER INTERCEPTS 4.9 METRES OF 78.4 g/t GOLD AND 127.9 g/t SILVER BELOW CARMEN GOLD-SILVER DEPOSIT, MONTERDE PROJECT
Date : 05/31/2011 @ 8:54AM
Source : PR Newswire
Stock : Kimber (KBX)
http://ih.advfn.com/p.php?pid=nmona&article=47885298&symbol=KBX
"... the results of two new drill holes from its ongoing drill program at the Carmen deposit at its Monterde Project in Mexico. These holes were drilled with the objective of expanding and upgrading mineral resources potentially amenable to underground extraction ("Carmen Deep" target). Drill hole MTRD-476 was collared on section 30 and was designed to intersect the Carmen structure at a vertical depth of 425m below surface, in an area never previously tested by drilling. This hole intersected high grade mineralization averaging 78.4 g/t gold and 127.9 g/t silver over 4.9 metres, including 1.5 metres of 152.5 g/t gold and 282 g/t silver. This important new intercept is hosted within a semi-massive to massive-sulphide breccia between 565.5 and 570.4 metres down hole and is interpreted to correlate with the downward projection of the Carmen structure... "
It's sure starting to look that way. Ready for the next leg up.
Maybe the start of a reversal?
I am long and see a lot of growth potential above recent highs.
Took a position here today at $1.64. Seems to be in a solid uptrend.
i-Message needs some modernization.
Kimber stilll has +3M for working capital.
http://www.kimberresources.com/News.aspx?newsid=185
Banner day for KBX +16%... News yesterday helped the action today:
http://www.kimberresources.com/News.aspx?newsid=186
Finally, people were disappointed in KBX’s price action. This is a bounce play that had a lot of potential and the strong buying ahead of the open caused it to gap higher. Investors used that as an opportunity to take some profits and drove the price to close at $0.70. However, it’s not all bad news. Volume was relatively low on Tuesday so if activity picks up, the price should recover fairly easily. The first resistance point for this stock is $0.75 but the major test will be at $0.80.
KBX is another listed stock that has the potential to be profitable, similar to ESLR. It has been holding good support around $0.63 and a drop to that price on Monday triggered a very strong rally. It managed to hold on to most of its gains and closed at $0.67. However before people jump into this stock, people would like to see stronger volume. Only 74,500 shares were traded on Monday and with this low liquidity, it would not take a lot to push the price around.
June 2, 2010 Kimber announces positive preliminary assessment for Monterde gold-silver project, Mexico
http://www.kimberresources.com/News.aspx?newsid=181
"... Over 60,000 oz of Gold per Year with Net Cash Costs of US$254/oz over 13.4 Year Life... "
AGNC 20% yield GOV backed stock
I just found a nice stock that is government backed and the best return 20 percent return on your money. People on this board were looking for a better yield and here it is.
Good luck in all your investments.
More news tonight AH
Kimber re-commences exploration drilling at Monterde
Tuesday April 1, 8:40 am ET
VANCOUVER, April 1 /PRNewswire-FirstCall/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) is pleased to report that diamond drilling has commenced on its Arimo target on Kimber's 100% owned Monterde property in the prolific Sierra Madre gold-silver belt of Mexico. The Arimo target, located approximately three kilometres southwest of Kimber's Carmen gold-silver deposit, is an 800 metre long zone of intensively silicified hydrothermal breccia. Arimo is located along the southwesterly dipping contact between overlying felsic volcanic rocks and underlying andesite flows and tuffs, an environment favourable for the discovery of gold-silver mineralization. A program of eight holes, totaling 1,550 metres, is planned on the Arimo structure. A similar, parallel structure (known as Cerro la Mina), located less than one kilometre to the northeast of Arimo will also be drill tested with three core holes totaling 1,000 metres once the initial drilling is completed at Arimo. Drills are being provided by Major Drilling de Mexico.
"We are delighted that drilling at Kimber's Monterde gold-silver project has re-started, ahead of schedule," said Gordon Cummings, President and CEO of Kimber Resources. "The drill targets at Arimo and Cerro la Mina exhibit anomalous geological features, are lower in the stratigraphy than the rhyolitic host rocks at Carmen (a setting favourable for the discovery of gold-silver mineralization based on other deposits in the prolific Sierra Madre gold-silver belt), and neither target has been drilled before. A second diamond drill is due to arrive at Monterde within the next three weeks to test the depth potential of the Carmen structure, by drilling at depths of 100 metres or more below any previous intersection. This is an exciting period for us at Kimber as we embark on an aggressive exploration program at Monterde aimed at expanding resources at our existing deposits and discovering entirely new ones."
About Kimber
With the recent addition of the new Setago concessions, 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 gold-silver deposits have already been identified. The most advanced of these, the Carmen deposit, has been extensively drilled and is currently undergoing detailed geologic modeling in order to evaluate the potential for a combined open pit and underground mining operation based on current resources. Further, reconnaissance exploration carried out in 2007 has identified a number of new exploration targets on Kimber's properties in the Sierra Madre. 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 100 kilometres southwest of Mexico City.
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 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.
CONTACT: Matthew Hamilton, Manager of Investor Relations; 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: news@kimberresources.com
--------------------------------------------------------------------------------
Source: Kimber Resources Inc.
Kimber announces new board members and personnel change
Friday February 8, 8:30 am ET
VANCOUVER, Feb. 8 /PRNewswire-FirstCall/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) announces that Mr. Donald Young, FCA and Dr. Frederick Graybeal have been appointed to the Company's Board of Directors, replacing Mr. Larry Bell and Dr. Keith Barron who recently stepped down.
Mr. Young, FCA is a former senior audit partner and a business consulting partner with KPMG LLP. Previously, he worked at Placer Development Ltd. (now Barrick Gold Corporation). Mr. Young is a Past President of the Institute of Chartered Accountants of British Columbia and a past member of the Executive Committee and Board of Governors of the Canadian Institute of Chartered Accountants. Mr. Young is currently the Chair of the Audit Committee and a member of the Executive Committee for OSI Geospatial Inc.
Dr. Graybeal is a geologist with 40 years of international experience in exploration and mining with emphasis on exploration and mining geology, primarily for base and precious metals. Mr. Graybeal has been involved with several discoveries and reserve expansions mostly with ASARCO Incorporated, from which he retired in 2003 as Chief geologist. He also previously held the position of President and CEO of Maximus Ventures and is currently a director of Maximus Ventures.
"I want to express my sincere gratitude to Larry Bell and Keith Barron for their outstanding service as members of Kimber's board of directors," said Gordon Cummings, President and CEO of Kimber Resources. "I look forward to working with Donald Young and Frederick Graybeal as we seek to realise the full potential of our Mexican properties in order to enhance shareholder value. I believe that we are at the beginning of an exciting period for Kimber, with our newly formed exploration team embarking on an intensive exploration program with the objective of building resources."
Mr. J. Byron Richards, P.Eng. has resigned as Vice President, Engineering but will remain available to provide services to the Company through his consulting company. "I would like to thank Byron Richards for making a tremendous contribution to the Company over the past number of years, dating back to its days as a private company," said Mr. Cummings.
Kimber increases concessions on Pericones and Setago and grants stock options
Thursday February 14, 5:45 pm ET
VANCOUVER, Feb. 14 /PRNewswire-FirstCall/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) announces that it has received the Pericones concession title, Ampliacion La Guera. As a result of this grant, the total size of the Pericones property has almost doubled to a total size of 11,890 hectares. In addition, Kimber has been advised that two concessions, adjoining Kimber's Setago property, have been issued to Kimber by the Mexican government. Kimber is currently awaiting receipt of the title documents. These new concessions will more than triple the total land package at Setago to approximately 10,000 hectares.
"The additional concessions granted to Kimber at Pericones and Setago substantially increases our exploration holdings in two prospective areas," said Gordon Cummings, President and CEO of Kimber Resources. "These new concessions greatly enhance the size of two of our existing Mexican properties: Setago, 24 kilometres to the west of Monterde, and in the heart of the prolific Sierra Madre gold-silver belt, and, Pericones, in the vicinity of a number of significant silver-gold properties south west of Mexico City."
Kimber also advises that, subject to regulatory approval, it has granted a total of 500,000 stock options under the Company's 2007 Stock Option Plan to directors and officers of the Company at an exercise price of $0.79 per share.
Kimber completes C$6 million non-brokered private placement exploration drilling to commence April 2008
Wednesday March 12, 8:35 am ET
VANCOUVER, March 12 /PRNewswire-FirstCall/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) is pleased to report the closing of their previously announced private placement. The transaction was over-subscribed and consisted of a total of 8,000,000 units at a price of C$0.75 for gross proceeds of C$6,000,000. Each unit consists of one common share plus one half non-transferable common share purchase warrant. Each full share purchase warrant entitles the holder to purchase one common share at C$1.25 for a two year period commencing March 11, 2008.
The non-brokered private placement was subscribed to by institutional and accredited investors in Canada, the United States and offshore. Over 75% of the placement was taken up by three parties comprised of two North American investment funds and one large publicly listed mining company. One of the funds is Sprott Asset Management Inc., an insider of the Company due to the fact that it controls, directly or indirectly through various funds managed by it, more than 10% of the issued and outstanding shares of the Company. Sprott acquired 1,500,000 units and the Company understands that, prior to the closing of the private placement, it controlled approximately 14% of the issued and outstanding shares of the Company. In addition, directors Gordon Cummings (President and CEO of the Company), Peter Nixon, (Chairman of the Company) and Leanne Baker (Director of the Company) acquired 15,000, 20,000 and 25,000 units, respectively. Participation in the private placement by insiders of the Company is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101, however the transaction is exempt from the formal valuation and minority shareholder approval requirements under the Instrument as neither the fair market value of the securities being issued nor the consideration paid exceeds 25 per cent of the Company's market capitalization.
The net proceeds of the private placement will be used for exploration of the Company's Monterde and Setago properties in the prolific Sierra Madre gold-silver belt of Mexico, exploration of the Pericones property in the south of Mexico, advancement of the Carmen deposit at Monterde and for general corporate purposes.
"I am pleased to announce the closing of this C$6 million financing as well as our plans to commence drilling at Monterde within the next four to six weeks," 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 aggressive exploration campaign at Monterde in tandem with advancing the Carmen deposit."
Exploration Plans
A drilling contract has been signed with Major Drilling de Mexico, S.A. de C.V. This contract is for an initial 12,000 metres of drilling and our objective is to have two diamond drills in operation at Monterde by April 2008.
Marius Mare, Vice-President, Exploration stated, "The Carmen deposit on the Monterde property will be drilled at depth with an initial diamond drill program of approximately 7,000 metres designed to drill test the Carmen structure at depths of 100 metres or more below any previous intersection. An additional 5,000 metres of drilling at Carmen is contingent on results from the initial drill program. Two new exploration targets on the Monterde property, Arimo & Cerro de Mina Breccia (located approximately three kilometres southwest of the Monterde camp), are to be tested with 3,000 metres of drilling. These targets are comprised of silicified and variably mineralized breccia zones defining the boundaries of an andesite unit lower in the stratigraphy than the rhyolitic host rocks at Carmen. Drilling later in the year is also planned on the Veta Minitas project, 250 metres west of Carmen."
Private Placement
An individual third party will receive finder's fees of 7% of the proceeds raised on certain placements, such fees totaling approximately C$35,000. No other commissions or finder's fees are payable on the remainder and majority of this non-brokered placement. The shares are subject to a hold period under applicable Canadian securities laws and the policies of the Toronto Stock Exchange (TSX). This hold period expires at midnight on July 11, 2008. Additional resale restrictions apply to shares issued to U.S. investors. The private placement is subject to final acceptance by the TSX.
Management Changes
Michael Hoole, has resigned as Vice-President and Secretary of Kimber, but will remain available to provide services to the Company as a consultant. "I would like to thank Michael Hoole for the very valuable contribution he has made to our Company as a senior executive over the last 8 years," said Mr. Cummings.
About Kimber
With the addition of its recently acquired Setago concessions, 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 gold-silver deposits have already been identified. The most advanced of these, the Carmen deposit, has been extensively drilled and is currently undergoing detailed geologic modeling in order to evaluate the potential for a combined open pit and underground mining operation based on current resources. Further, reconnaissance exploration carried out in 2007 has identified a number of new exploration targets. 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 100 kilometres southwest of Mexico City.
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 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.
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: news@kimberresources.com
JP stop it from Cratering.? NOT !!!
That idea didnt pan out. Maybe they will have to SELL something.
DG
Puplava alone should keep it from cratering in all but the worst of markets. They continue to prove up stuff.
Hi everyone, welcome to the KBX board via Ihub, $GOLD & $ILVER is heating up.
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