VANCOUVER, Feb. 2 /CNW/ - Kimber Resources Inc. (NYSE Alternext:KBX,
TSX:KBR) announces that the Company has granted 945,000 options to directors
and officers, 340,000 options to staff and 85,000 options to certain
consultants of the Company at an exercise price of C$0.65, the closing price
on the TSX on the day preceding the date of the grant. Options represent an
important component of Kimber's compensation program, aimed at attracting and
retaining important contributors to Kimber's growth objectives.
Kimber owns mineral concessions covering in excess of 39,000 hectares in
the prospective Sierra Madre gold-silver belt, including the Company's
Monterde property, where three gold-silver mineral resources have already been
defined. The most advanced of these, the Carmen deposit, has been extensively
drilled and is currently undergoing detailed geologic modeling in order to
evaluate the potential for a combined open pit and underground mining
operation based on current resources. In addition, the Company has a 100%
interest in the mineral concessions of its Pericones property, an 11,890
hectare property targeted for silver, located approximately 100 kilometres
southwest of Mexico City.
Statements in this release may be viewed as forward-looking statements.
Such statements involve risks and uncertainties that could cause actual
results to differ materially from those projected. There are no assurances the
Company can fulfil such forward-looking statements and the Company undertakes
no obligation to update such statements. Such forward-looking statements are
only predictions; actual events or results may differ materially as a result
of risks facing the Company, some of which are beyond the Company's control.
Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with the
SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. Kimber Resources uses certain terms on its
website (and certain press releases), such as "measured," "indicated," and
"inferred," "resources," which the SEC guidelines strictly prohibit U.S.
registered companies from including in their filings with the SEC.
U.S.Investors are urged to consider closely the disclosure in our Form 20-F
which may be secured from us, or from the SEC's website at
For further information:
For further information: Matthew Hamilton, Manager of Investor Relations
or Gordon Cummings CA, President and CEO, North America Toll Free:
1-866-824-1100, Tel: (604) 669-2251, Fax: (604) 669-8577, Website:
http://www.kimberresources.com, Email: email@example.com