Wednesday, October 24, 2012


This is a good one, folks. I am long KBX!

Kimber Resources Inc. (TSX: KBR)(NYSE MKT: KBX)(NYSE Amex: KBX) reports its updated mineral resource estimate for the Carmen deposit, part of its Monterde project, located in the Sierra Madre Gold-Silver Belt of northwestern Mexico. The 2012 updated mineral resource estimate at Carmen highlights a number of improvements, including:

"-- A 14% increase in contained gold and a 2% increase in contained silver in the combined Measured and Indicated categories; -- An 85% increase in contained gold and an 83% increase in contained silver ounces in the Measured category within the conceptual Open Pit defined in the April 2011 Preliminary Economic Assessment (the "Open Pit"); -- An 18% increase in contained gold in the Indicated category below the Open Pit, within the area that may conceptually be amenable to underground mining (the "Underground Area")."