VANCOUVER, Feb. 8 /CNW/ - Kimber Resources Inc. (AMEX: KBX, TSX:KBR)
announces that Mr. Donald Young, FCA and Dr. Frederick Graybeal have been
appointed to the Company's Board of Directors, replacing Mr. Larry Bell and
Dr. Keith Barron who recently stepped down.
Mr. Young, FCA is a former senior audit partner and a business consulting
partner with KPMG LLP. Previously, he worked at Placer Development Ltd. (now
Barrick Gold Corporation). Mr. Young is a Past President of the Institute of
Chartered Accountants of British Columbia and a past member of the Executive
Committee and Board of Governors of the Canadian Institute of Chartered
Accountants. Mr. Young is currently the Chair of the Audit Committee and a
member of the Executive Committee for OSI Geospatial Inc.
Dr. Graybeal is a geologist with 40 years of international experience in
exploration and mining with emphasis on exploration and mining geology,
primarily for base and precious metals. Mr. Graybeal has been involved with
several discoveries and reserve expansions mostly with ASARCO Incorporated,
from which he retired in 2003 as Chief geologist. He also previously held the
position of President and CEO of Maximus Ventures and is currently a director
of Maximus Ventures.
"I want to express my sincere gratitude to Larry Bell and Keith Barron
for their outstanding service as members of Kimber's board of directors," said
Gordon Cummings, President and CEO of Kimber Resources. "I look forward to
working with Donald Young and Frederick Graybeal as we seek to realise the
full potential of our Mexican properties in order to enhance shareholder
value. I believe that we are at the beginning of an exciting period for
Kimber, with our newly formed exploration team embarking on an intensive
exploration program with the objective of building resources."
Mr. J. Byron Richards, P.Eng. has resigned as Vice President, Engineering
but will remain available to provide services to the Company through his
consulting company. "I would like to thank Byron Richards for making a
tremendous contribution to the Company over the past number of years, dating
back to its days as a private company," said Mr. Cummings.
Kimber owns mineral concessions covering approximately 32,000 hectares in
the prospective Sierra Madre gold-silver belt, including the Company's
flagship Monterde property where three gold-silver deposits have already been
identified, including the Carmen deposit. The Carmen deposit, which has been
extensively drilled, 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. Further, reconnaissance exploration
carried out in 2007 identified a number of new exploration targets. In
addition, the Company has a 100% interest in the mineral concession of its
Pericones property, a 6300 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.
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: firstname.lastname@example.org