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Kimber-X (KRXR) to Commence Magnetic Survey.


WILMINGTON, Del. -- Kimber-X Resources Corp. Sept 24th, 2007 (Pink Sheets:KRXR) is pleased to report that it is preparing to commence a magnetic survey on the Sask Craton craton (krā`tŏn): see continent.  Joint venture, which is adjacent to the Fort a la Corne kimberlite kimberlite: see diamond.
kimberlite
 or blue ground

Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix.
 fields. The Forte a la Corne area of Saskatchewan contains one of the most extensive kimberlite fields in the world. Current theories postulate postulate: see axiom.  that this area may well contain the world's largest diamond deposit.

Kimberlite is a type of rock that forms in the shape of vertical pipes in the earth's crust and is best known for containing diamonds. The majority of diamonds mined today are found in these kimberlite pipes, which can reside in depths up to 450 kilometres deep. The most cost effective and useful method for detecting these kimberlites is to use a magnetic survey to detect the conductivity conductivity /con·duc·tiv·i·ty/ (kon?duk-tiv´i-te) the capacity of a body to transmit a flow of electricity or heat; the conductance per unit area of the body.

con·duc·tiv·i·ty
n.
1.
 contrast of the pipes as well as the tectonic tectonic /tec·ton·ic/ (tek-ton´ik) pertaining to construction.  faults that assist in the development of kimberlite pipes.

KRXR's consultants have advised that subtle magnetic features in historical surveys would have been overlooked when early discoveries were coming from kimberlites with a stronger magnetic response. Currently, there is no magnetic data available in the public domain on the Sask Craton Joint Venture. The company's consultants feel that this property has the potential to host a subtle magnetic feature that may represent a kimberlite that could have been overlooked by past diamond exploration companies.

The Sask Craton Joint Venture property is favorably located in the Fort a la Corne kimberlite cluster, and will be surveyed with high-sensitivity magnetic surveys at a 150-300 foot interval. A weak magnetic anomaly Magnetic Anomaly may refer to:
  • Kursk Magnetic Anomaly
  • Tycho Magnetic Anomaly
 may indicate a buried kimberlite with low magnetic response. Any anomalies discovered would be enhanced with ground gravity surveys to locate areas with higher gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay.

grav·i·met·ric
adj.
1.
 response, which is expected from thicker kimberlitic deposits. If the results of the magnetic survey indicate that kimberlite pipes may be present, KRXR will then take the necessary steps to prepare for mining development of the site.

Fort a la Corne, Saskatchewan, Canada and its world-class kimberlite field have seen major developments in geophysical ge·o·phys·ics  
n. (used with a sing. verb)
The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology.
 and geological interpretation that have significantly increased the comprehension of the nature of this extraordinary deposit. Various joint ventures in Saskatchewan have now spent in excess of one half billion dollars ($500,000,000) on exploration and development and have identified numerous diamondiferous kimberlite pipes. Airborne magnetic surveys have been the primary exploration tool utilized in this area and have been successful in locating kimberlite pipes.

The two largest diamonds found in Saskatchewan (49.50 and 22.56 carats) were discovered in Fort a la Corne recently. Unique geological situations in this area have created kimberlite size and tonnage TONNAGE, mar. law. The capacity of a ship or vessel.
     2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c.
 in the neighbourhood of 50 to 100 times of any other kimberlites found worldwide and total in excess of 8 billion tons.

Safe Harbour Disclaimer:

This press release contains "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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.
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Publication:Business Wire
Geographic Code:1CANA
Date:Sep 24, 2007
Words:610
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