Location: 20 Km to the west of Monterde
Ownership: 100% Kimber
Status: Grassroots (non-core)
Focus: Gold
Highlights:
· 100% owned (no NSR).
· Located within the Sierra Madre Gold-Silver Belt, along the same regional trend as Mulatos (Alamos Gold) and El Sauzal (Goldcorp).
· High sulphidation epithermal exploration target; similar to Mulatos: 5.1* Moz Au (Alamos Gold), El Sauzal: 1.8 Moz (Goldcorp) and Orisyvo: 9.9 Moz Au, (Fresnillo).
· Strong alteration targets occur on the project with numerous targets project wide.
· Never drilled.
· Positive Ejido relations.
*Current Reserves and Resource as opposed to total project Reserves and Resource.
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 lies within southwestern Chihuahua state within the Sierra Madre Gold-Silver Belt which hosts a number of multi-million ounce gold-silver deposits including: Mulatos (Alamos), Dolores (Pan American), Ocampo (Minera Frisco), Pinos Altos (Agnico Eagle), Palmarejo (Coeur d’Alenes), El Sauzal (Goldcorp), Orisyvo (Fresnillo) and Kimber’s own 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.
Further work in 2008 identified a new alteration zone hosted in the Lower Volcanic Sequence of the Sierra Madre Volcanic Complex.
In 2009 a surface mapping and sampling program was conducted including rock chip and channel sampling over 2 main target areas; Guachajure and Monterdito.
Access and Infrastructure
Access to the northern portion of the Setago claims is by poorly maintained logging and prospecting roads from the north. Potential drill sites are available to test the northern portion of the project from these existing roads. Access to Guachajure Canyon is only by walking or helicopter, there are no roads for vehicles.