Kimber Resources Discloses Assay Upgrade, Stock Jumps - sourced PicksThatMove.com
Kimber Resources, Inc.
Calgary, AB 11/19/2009 06:06 PM GMT (TransWorldNews)
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Kimber Resources Discloses Assay Upgrade, Stock Jumps
The hot stock information of the day includes: KBX
Kimber Resources, Inc. (AMEX:KBX) jumped 21.95% up to $1.00 on news the company announced an upgraded estimate of their mineral resources at their Monterde project, located in Mexico’s Sierra Madre mining district. The update identifies a high grade gold-silver mineral deposit, with improved mining. According to the company’s corporate press release, the new mineral resource estimate was based on 329 tests and identified that gold equivalent recoveries were 96% for indicated mineral resources and inferred mineral resources, silver recovery was 72% for indicated mineral resources and 75% for inferred mineral resources. Headquartered in Vancouver, British Columbia, Kimber Resources Inc. engages in the acquisition, exploration, and development of mineral resource properties in Mexico. Kimber explores for gold and silver deposits and owns100% of the Monterde property including the Monterde Concessions, the El Coronel Concessions, and the Staked Concessions located in the state of Chihuahua, Mexico. Kimber stock has gained 100% since January.
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