Sabre Gold Mines Corp (SGLDF)

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KERR MINES COMMENCES DEWATERING OPERATIONS AT ITS COPPERSTONE MINE

TORONTO, Oct. 19, 2016 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX:KER) is pleased to announce it has begun dewatering and rehabilitation activities at its flagship Copperstone Mine located in Arizona. The rehabilitation activities are consistent with Kerr's strategy to re-start production at Copperstone.
"We are firmly focused on restarting operations at Copperstone," said Chris Hopkins, Interim CEO of Kerr Mines. "Completing the de-watering activities will represent a major catalyst in our efforts to unlock Copperstone's potential value. The Company has also begun developing an exploration and underground development program."

The Copperstone Mine produced nearly 500,000 ounces of gold through open pit mining. Existing infrastructure which remains from this time, or which has been subsequently installed by the Company's predecessor and wholly owned subsidiary, American Bonanza Gold Corp., is considerable and serves to reduce the current capital requirements for the mine. Existing infrastructure includes a power line and substation, and three water wells, all sufficient for the proposed operations at Copperstone. Additional infrastructure on site includes offices, maintenance shops and a laboratory building (permitted tailings facility, processing facility and mill).

http://kerrmines.com/release/?id=122640

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