Summary
The 100% owned Setago Property, which consists of three concessions totaling 10,068 hectares, lies approximately 20 kilometres to the west of Monterde. The Setago Property covers well-altered tertiary volcanics of the Upper Volcanic Series (similar to Monterde). Alteration types include argillic, alunitic, pyrophyllitic and silicification, together with siliceous breccias, quartz vein stockworks and extensive iron oxide. Kimber’s geological team in Mexico completed a limited mapping and sampling program on the Setago Property in July 2003 resulting in the identification of anomalous gold values. Follow-up reconnaissance work, consisting of mapping and sampling carried out during the first half of 2007, identified areas of potential epithermal gold-silver and possible polymetallic deposits. Several prominent colour anomalies have been noted. Colour anomalies of the types noted at Setago are often associated with epithermal gold and silver deposits in Mexico.
Access and Infrastructure
The Setago Property is accessible by road from Monterde and power lines are within 60kms.
Exploration
Kimber has at this time carried out very early stage analysis on the Setago Property and has not carried out in-depth geological analysis of the property. Kimber believes this property warrants further exploratory investigation because parts of the surface exhibit characteristics which can be indicative of gold-silver mineralization below ground. Kimber will be assessing the extent of future geological procedures to be carried out on the Setago Property in the near term.
