Kimber Resources Inc. issued an update on the resource potential of its gold and silver mine at its 100% owned Monterde mine in the Sierra Madre region of Mexico. The company said that the base case total mineral resource estimate for the Carmen deposit was 700,000 ounces of gold and 37 million ounces of silver.
“We are extremely pleased with this new mineral resource estimate for the Carmen Deposit, which is underpinned by a very detailed geological model and technical work program, and which defines a significant tonnage of high grade gold-silver mineral resources with excellent metallurgical recoveries,” said Gordon Cummings, the CEO of Kimber Resources Inc.
Kimber Resources Inc. made the new estimates after conducting 587 drill holes and 329 metallurgical tests, and a thorough geological review of the resources in place. Gary Giroux P.Eng, a senior associate of Micon International, supervised the revised estimate for the company.
Kimber Resources Inc. has two other deposits of gold and silver at the Monterde project, and expects resource estimates for the Veta Minitas and Carotare deposits to be released in the future. The company also has a 100% interest in the Pericones property, a potential silver deposit in Mexico.