Kimber Resources has reported the results of a new drill hole from its ongoing drill program at the Carmen deposit at its Monterde Project in Mexico.

This hole was drilled with the objective of expanding and upgrading mineral resources potentially amenable to underground extraction (Carmen Deep target).

Drill hole MTRD-492 was collared on section 43 and was designed to intersect the Carmen structure at a vertical depth of 390m below surface, in an area never previously tested by drilling.

This hole intersected high grade mineralization averaging 12.8 g/t gold and 5.7 g/t silver over two metres, including one metre of 24.7 g/t gold and 5.7 g/t silver.

According to the company, this intercept is interpreted to correlate with the downward projection of the Carmen structure.

Kimber Resources president and CEO Gordon Cummings said that the results from hole MTRD-492 give additional confirmation that there is excellent potential to increase high-grade resources in the Carmen Deep area at the Monterde project.