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Kimber announces additional drill results from promising,

 near-surface 
zone on Carmen deposit 
VANCOUVER, July 8 /CNW/ - Results from two more holes drilled into the
Carmen deposit are now available. 


    <<
    Drill              From    To    Interval    Gold     Silver   Gold
     Hole              ----    --    --------    ----     ------   Equivalent
    -----              (m)     (m)     (m)       (g/t)    (g/t)    (g/t)(x)
                                                                   ----------
                                                                   (at) 70:1
                                                                   See below
    MTR 65               0       4       4        0.59       74      1.65
                        24      58      34        0.47       85      1.69
            including   46      54       8        1.17      177      3.69
    MTR 66              44      82      38        1.23      131      3.11
            including   44      56      12        1.24      160      4.00
                  and   70      82      12        2.50      180      5.08
                        82      94      12        open stope
                        94      98       4        2.22      148      4.33
                                                                     ended in
                                                                     grade


These two holes in the silver-rich zone in the northern part of the
Carmen deposit join several previous holes in pointing towards a zone of good
widths and grades about 150 metres in length starting at or near surface and
continuing to at least 100 metres depth. We expect this near-surface zone to
become a significant feature of open-pit planning, possibly the "starter pit". 
The results of a further six holes are awaited, three on the Carmen,
three on Las Minitas. 
The above two holes and the nine previously-reported from the near-surface zone referred to above are as follows: 


    Drill      From    To    Interval   Gold     Silver    Gold
     Hole      ----    --    --------   ----     ------    Equivalent
    -----      (m)     (m)     (m)      (g/t)    (g/t)     (g/t)(x)
                                                           ----------
                                                           (at) 70:1
                                                           See below
    MTR-24       4      52     48       0.79        149    2.93
    MTR-31       4      14     10       0.90         91    2.20
                26      34      8       0.75         71    1.76
    MTR-13      78     102     24       1.85         45    2.49
    MTR-30      10      14      4       1.37        242    4.84
    MTR-12      68      84     16       1.23         44    1.85 (inlc. 8m
                                                                 open stope)
    MTR-27       8      16      8       0.89        221    4.05
    MTR-03      28      60     32       3.67        333    8.43 (inlc. 2m
                                                                 open stope)
    MTR-66      44      82     38       1.23        131    3.11 (ended in
                                                                 grade)
    MTR-14      30      56     26       1.31        142    3.35
    MTR-60      10      64     54       0.55        112    2.16
    MTR-65      24      58     34       0.47         85    1.69
    >>
    Use of gold-equivalent grades


When reporting values for more than one metal, the use of a combination
of several grades into one is very useful for making quick comparisons. For
such comparisons to be fair, the equivalence must be based on current metal
prices and expected recoveries. When Kimber first started using gold
equivalent numbers for the Carmen deposit, the prices of gold and silver were
about $275 and $4.30 respectively and a conversion factor of 70 was
appropriate, after taking into account expected recoveries. Since then the
price of gold has climbed faster than the price of silver and 70:1 no longer
reflects the relative value. The Gold Equivalent column above, using a
conversion factor of 70 is included as usual in order to facilitate comparison
with drill holes reported previously. 
In future releases and until further notice, Kimber will use a conversion
factor of 100, which may need to be changed from time to time to reflect the
relative prices and recoveries. More accurate weighting would include
processing and refining costs. The reader should use "Gold-Equivalent" as a
quick guide only. 
Mr. Alan Hitchborn, B.Sc., Vice President Development, manages the field
program of drilling and trenching on the Monterde project. Mr. J.B. Richards,
P.Eng., Vice President Engineering, and designated Q.P. for the project is
responsible for quality control and has verified the data disclosed. He has
determined that the laboratory reports matched the drill sample logs and that
the quality control assays fall within reasonable limits. QA./QC procedures
incorporate blanks and duplicates inserted at the drill site and standards
inserted after sample preparation. Drilling is by reverse circulation. A one
eighth split of each two-metre section of the drill hole, weighing
approximately 6 kg is processed by ALS Chemex at its preparation laboratory in
Hermosillo, Mexico. Pulps are analysed by ALS Chemex at its laboratory in
North Vancouver, British Columbia, using 50 gram subsamples, fire assay with
an AA finish for gold and four-acid digestion and ICP finish for silver from a
1.0 gram subsample. Highgrade gold or silver intervals are re-assayed by fire
assay with gravimetric finish. 
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. 


    %SEDAR: 00017718E
    -0-                           07/08/2003


/For further information: please contact: Robert Longe, President, Email: 
info(at)kimberresources.com, Tel: (604) 669-2251 or Paul Frigstad, Investor 
Relations, Email: pfrigstad(at)kimberresources.com, North America Toll Free: 
1-866-824-1100, Tel: (604) 669-2251, Fax: (604) 669-8577; Website: 
http://www.kimberresources.com/ 
(KBR.) 
CO:  Kimber Resources Inc.
ST:  British Columbia
IN:  MNG 
SU:   
-30- 
-0- Jul/08/2003 13:00 GMT
 
 
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