(BSNS WIRE) Kimberly Gold Mines Completes Drilling at Empire Creek
Business Editors
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--KMGM--
Kimberly Gold Mines (OTC:KMGM) is pleased to announce
the completion of its initial reverse-circulation drilling program at
its Empire Creek project on the Republic Graben of northeastern
Washington.
The primary objective at Empire Creek is the discovery of
gold-bearing massive sulphide deposits in Permian-Triassic age
Greenstone. Consulting geologists believe that Empire Creek may
contain high-grade gold skarns similar to those found at the nearby
Overlook and Buckhorn deposits. Empire Creek bears many similarities
to the 1.6-million ounce Buckhorn Deposit, including graben margin
location, alteration-type host rock, laterally-extensive magnetic
highs, local high-grade gold and massive magnetite content.
The initial Kimberly drill program consisted of five holes
totaling 2,410 feet, targeting intense magnetic anomalies found in
Greenstones with associated high threshold gold-silver soils and
rocks. Preliminary results indicate the presence of
epidote-quartz-calcite veining along with zones of anomalous magnetite
and sulfide. Assay results are expected by early next month and will
be reported as they become available.
Drilling was conducted by O'Keefe Drilling Company of Butte,
Montana. Assaying will be conducted by Chris Christopherson, Inc. of
Kellogg, Idaho.
Please visit the Kimberly website at www.kimberlygold.com for more
information.
Kimberly Gold Mines is an aggressive gold exploration company,
focused upon the historic mining districts of the Pacific Northwest.
Kimberly holds four high-potential gold exploration projects including
the Kimberly Gold Mine, the Matthews and Compton properties along the
Wenatchee Gold Belt, and the Empire Creek Project on the Republic
Graben. Kimberly has approximately 9.3 million shares outstanding and
no long-term debt. Kimberly stock trades on the OTC Market under the
symbol "KMGM".
Certain statements contained in this press release are "forward
looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements are based on beliefs of
management as well as assumptions made by and information currently
available to management. Forward-looking statements are subject to
risks, uncertainties and other factors that could cause actual results
to differ materially from expected results.
KEYWORD: IDAHO
INDUSTRY KEYWORD: MINING/METALS
SOURCE: Kimberly Gold Mines, Inc.
CONTACT INFORMATION:
Kimberly Gold Mines, Inc.
Kevin Shiell, 208-676-1629
www.kimberlygold.com
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