Kimberly Gold Mines Retains Independent Consultant to Prepare ``43-101'' Report on Wenatchee and Central Idaho Properties.COEUR D'ALENE, Idaho Coeur d'Alene (IPA: [kɚ də liːn]) is the county seat and largest city of Kootenai County, Idaho, United States. -- Kimberly Gold Mines (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :KMGM) announced that it has retained an independent Consultant to prepare "43-101" Report on its Wenatchee and Central Idaho Properties. Independent geologist Gerald Harper Gerald Harper (born 15 February 1929 in London, England) is an actor, best known for his work on television, having played the title roles in both Adam Adamant Lives! (1966–67) and Hadleigh. , P.Geo, of Toronto, Ontario, has been retained to prepare a technical report on the Wenatchee (Compton and Matthews) and Central Idaho (Rescue and Kimberly) projects. The report will be used as a foundation for Kimberly Gold Mines to apply for listing on the TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : V exchange in Canada. The advanced nature of the Matthews and Rescue properties warrants the completion of a technical report that complies with National Instrument 43-101 guidelines. In Canada, a 43-101 report is a prerequisite for a company applying for a listing on a Canadian national stock exchange and provides typically an assessment of the mineral assets and potential of a project, as well as recommendations for advancing the projects. The Wenatchee Gold Belt properties are located in central Washington Central Washington is a region of the United States defined as the western half of Eastern Washington, or those counties lying east of the Cascade Mountains but west of the 119th meridian. , and were drilled extensively in the 1980s and 90s by Asamera Minerals Ltd (a subsidiary of Asamera Oil Inc.) and Consolidated Ramrod ram·rod n. 1. A rod used to force the charge into a muzzleloading firearm. 2. A rod used to clean the barrel of a firearm. 3. A harshly demanding overseer; a disciplinarian. tr.v. (which later became Quest International Quest International was a major producer of flavors and fragrances with sales of £560 million in 2005[1] before its acquisition by rival Givaudan. Quest created and marketed flavours and fragrance concepts and solutions for the fast moving consumer goods industries. Resources Corporation). The Gold belt has hosted two significant gold deposits, the Cannon and Lovitt Mines that have produced 1.6 million ounces of gold between them. Kimberly believes there is excellent potential for the Belt to contain additional deposits. The Rescue and Kimberly mines are located in central Idaho. They are former gold producers that exploited high-grade gold veins hosted in the quartz monzonites of the Idaho Batholith batholith, enormous mass of intrusive igneous rock, that is, rock made of once-molten material that has solidified below the earth's surface (see rock). Batholiths usually are granitic (see granite) in composition, have steeply inclined walls, have no visible floors, . The Rescue Mine explored the Rescue vein, with historical grades reportedly averaging nearly one ounce of gold per ton with roughly 60 percent as free gold and the remainder associated with sulfides. The property also includes a 120-ton-per-day mill, and a considerable complement of mining equipment, that was used by the Company to rehabilitate the main decline portal in 2004. The Kimberly property also explores several high-grade gold veins, with channel sampling returning numerous values in excess of one ounce of gold per ton. Kimberly Gold Mines is an aggressive gold exploration company focused on the historic mining districts of the Pacific Northwest. Active Kimberly projects include the Kimberly and Rescue Gold Mines in central Idaho, the Matthews property in the Wenatchee Gold Belt of central Washington, and the Empire Creek Project in the Republic Graben of northeastern Washington. 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 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. 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. If you would like to receive press releases via email contact Heather Colpitts (heather@chfir.com) |
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