Post by Catdaddy on Oct 14, 2007 11:19:03 GMT -5
Kimber-X Continues Assessment of JV Property
Business Wire News ReleasesPublished: 09/18/07 03:00 PM CDTReleased By:
Kimber-X Resources Corp.
markets.chron.com/chron?GUID=3222891&Page=MediaViewer&Ticker=KRXR
NewsvineCommentKimber-X Resources Corp. (KRXR) reports that through its recently acquired a 55% interest in the Sask Craton Joint venture, which is adjacent to the Fort a la Corne kimberlite fields, the Company continues to pursue its exploration options as well as participating in additional exploration programs.
Fort a la Corne, Saskatchewan, Canada and its world class kimberlite field has undergone major developments in geophysical and geological interpretation that have significantly increased the comprehension of the nature of this extraordinary deposit. The area surrounding Fort a la Corne is also very similar geologically which creates the significant possibility that it will also host additional kimberlite clusters similar to those found within the boundaries of the current Fort a la Corne project. Consequently, Kimber-X has concentrated its efforts and resources to the Sask Craton Joint Venture.
The Company proposes to conduct a highly specialized aeromagnetic /EM program over the relevant portions of the JV to augment the data currently held in the assessment files for the area. The Company feels that this unexplored area could become extremely valuable for diamond exploration. Should this process delineate the appropriate data, the Company anticipates identifying several new kimberlite targets. The previous work considered only highly magnetic targets as prospective. However, given the high variability of magnetic signatures several new and exciting targets may present themselves in the Sask Craton JV area.
The Forte a la Corne area of central Saskatchewan encompasses one of the most extensive kimberlite fields in the world. Based upon current theories this area may well contain the world's largest diamond deposit. The two largest diamonds recovered in Saskatchewan of 49 and 23 carats were recently discovered in Fort a la Corne. The unique geological situations in this area have created kimberlite size and tonnage up to 100 times of any other kimberlites found worldwide and total in excess of 8 billion tons. The kimberlite formations in this area are amenable to open pit development with a very low stripping ratio. All of these factors make this region one of the most exciting diamond exploration areas in the world.
About Kimber-X Resources Corp:
Based in Wilmington, Delaware, Kimber-X Resources Corp. (http://www.kimber-x.com) (KRXR) is a junior mineral exploration company, actively searching for diamonds in various claims located in Central and Southern Canada along the U.S. border, directly and in conjunction with significant joint venture partners. Capitalizing on its strong technical talent, Kimber-X Resources combines the latest in technology with current geological models to develop a balanced portfolio of properties with the potential for hosting large economic deposits.
Safe Harbour Disclaimer:
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
Contacts:
Kimber X-Resources Corp.
Investor Relations, Toll-Free: 1-866-507-0001
info@kimber-x.com
www.kimber-x.com
or
TheOpeningBell Newsletter
John Gernannt, 478-254-4138
EquityResearchIR.com
theopeningbell@cox.net
Business Wire News ReleasesPublished: 09/18/07 03:00 PM CDTReleased By:
Kimber-X Resources Corp.
markets.chron.com/chron?GUID=3222891&Page=MediaViewer&Ticker=KRXR
NewsvineCommentKimber-X Resources Corp. (KRXR) reports that through its recently acquired a 55% interest in the Sask Craton Joint venture, which is adjacent to the Fort a la Corne kimberlite fields, the Company continues to pursue its exploration options as well as participating in additional exploration programs.
Fort a la Corne, Saskatchewan, Canada and its world class kimberlite field has undergone major developments in geophysical and geological interpretation that have significantly increased the comprehension of the nature of this extraordinary deposit. The area surrounding Fort a la Corne is also very similar geologically which creates the significant possibility that it will also host additional kimberlite clusters similar to those found within the boundaries of the current Fort a la Corne project. Consequently, Kimber-X has concentrated its efforts and resources to the Sask Craton Joint Venture.
The Company proposes to conduct a highly specialized aeromagnetic /EM program over the relevant portions of the JV to augment the data currently held in the assessment files for the area. The Company feels that this unexplored area could become extremely valuable for diamond exploration. Should this process delineate the appropriate data, the Company anticipates identifying several new kimberlite targets. The previous work considered only highly magnetic targets as prospective. However, given the high variability of magnetic signatures several new and exciting targets may present themselves in the Sask Craton JV area.
The Forte a la Corne area of central Saskatchewan encompasses one of the most extensive kimberlite fields in the world. Based upon current theories this area may well contain the world's largest diamond deposit. The two largest diamonds recovered in Saskatchewan of 49 and 23 carats were recently discovered in Fort a la Corne. The unique geological situations in this area have created kimberlite size and tonnage up to 100 times of any other kimberlites found worldwide and total in excess of 8 billion tons. The kimberlite formations in this area are amenable to open pit development with a very low stripping ratio. All of these factors make this region one of the most exciting diamond exploration areas in the world.
About Kimber-X Resources Corp:
Based in Wilmington, Delaware, Kimber-X Resources Corp. (http://www.kimber-x.com) (KRXR) is a junior mineral exploration company, actively searching for diamonds in various claims located in Central and Southern Canada along the U.S. border, directly and in conjunction with significant joint venture partners. Capitalizing on its strong technical talent, Kimber-X Resources combines the latest in technology with current geological models to develop a balanced portfolio of properties with the potential for hosting large economic deposits.
Safe Harbour Disclaimer:
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
Contacts:
Kimber X-Resources Corp.
Investor Relations, Toll-Free: 1-866-507-0001
info@kimber-x.com
www.kimber-x.com
or
TheOpeningBell Newsletter
John Gernannt, 478-254-4138
EquityResearchIR.com
theopeningbell@cox.net
