- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Kimber Resources Starts Underground Sampling at Monterde Mexico Project
Kimber Resources (TSX:KBR) provided an update on its Carmen gold-silver deposit at the Monterde project in Mexico. The company has announced the start of a detailed mapping and sampling of the rehabilitated underground working at the deposit.
Kimber Resources (TSX:KBR) provided an update on its Carmen gold-silver deposit at the Monterde project in Mexico. The company has announced the start of a detailed mapping and sampling of the rehabilitated underground working at the deposit.
As quoted in the press release:
The underground work program initiated at the Carmen deposit is aimed at providing more than 1,000 metres of underground access to high-grade gold-silver mineralized structures, including the Carmen and Hilos structures (see figures 2 and 3 below). The underground work will include detailed mapping and sampling within the historic mine workings that were originally developed in the 1940′s. Historic mining at Carmen occurred between 1937 and 1944. Reported high-grade gold-silver mining produced 68,000 tonnes at 19.3 grams per tonne gold and 311 grams per tonne silver. Production was halted in 1944 due to lack of supplies during World War II.
Gordon Cummings, President and CEO of Kimber, stated:
Kimber has, over the last four months, rehabilitated a significant portion of the 1940s mine workings within the Carmen deposit. Detailed sampling of the underground adits should give us valuable additional information about the nature, controls, grade and continuity of gold-silver mineralization along the Carmen and Hilos structures at various elevation levels.” he said. “We expect assay results to be released over the coming months. In addition, underground access in the core of the proposed open pit, outlined in the 2011 Preliminary Economic Assessment for the Monterde Project, will provide access to sample material for future metallurgical testing.
Outlook Reports
Featured Stocks
Browse Companies
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 2188.35 | -2.62 | |
Silver | 24.54 | -0.02 | |
Copper | 4.00 | 0.00 | |
Oil | 81.72 | +0.37 | |
Heating Oil | 2.60 | 0.00 | |
Natural Gas | 1.72 | 0.00 |
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.