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“...Kerr Mines Drills 3 Meters of 27.45 g/t Gold at Copperstone
TORONTO, July 09, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce final drilling results from this first phase of its 2019 resource expansion program at the Copperstone Mine located in Arizona, USA. Based on the recently completed drilling program the next phase of resource expansion drilling of up to 10,000 meters is now in the planning stage and targeted to commence by Q4-2019.
2019 Resource Expansion Highlights:
Drill Hole 18-18-02, a conversion hole, returned a high-grade gold mineralized interval of 3 meters at 27.45 g/t gold, including 1.5 meters of 52.30 g/t gold (See Figure 2), in an area where additional down-dip step-out drilling is planned for the next phase of drilling while further indicating the zone is significantly of higher grade and thickness than initially anticipated.
Drill Hole 18-05-06, a conversion hole, intercepted Indicated resource of 6.1 meters at 3.71 g/t gold, which along with an intercept in nearby drill hole 18-05A-06 of 7.6 meters at 3.80 g/t gold, demonstrates the width and strong continuity of mineralization in this area and is expected to allow for the expansion of a designed stope panel, the edge of which is 15.2 meters down-dip.
Drilling was accomplished entirely from existing underground access and affects an area of 500 meters of strike length and 200 meters of elevation, representing approximately 30 per cent of the current resource strike length.
The objective of the underground resource expansion program of which the initial phase of 5,000 meters of reverse circulation drilling has been completed, was focused on the D and C zones to increase mine life by adding new Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources.
The next phase of drilling, which is currently in the planning stage, will continue to focus on resource expansion by way of underground core drilling in the D and C zones. Recent step out drilling results as previously reported from Drill Hole 18-21-04 (16.8 meters of 40.0 g/t gold) returned significant values and are indicating higher grade and thickness will be followed up with the continued emphasis of adding new Inferred gold resources. The next phase will focus on stepping out along strike and dip beyond the previously defined mineralized domains which are reflecting further continuity with higher grades as shown in Figure 3 below. Highlights from previously reported drill results are included below for reference as these will also form the basis of the next phase of drilling.
Additionally, we will be shifting from reverse circulation drilling to core drilling which will allow for greater accuracy when stepping out to extend previously defined mineralized domains while providing greater granularity of gold ore contacts inclusive of structural information.
Giulio T. Bonifacio, Chief Executive Officer stated: “Our entire team has been extremely pleased by our initial phase of drilling. As we move into the planning phase, the program will focus on newly discovered step out areas that extend or connect previously defined mineralized domains as shown in Figure 3. The shift to core drilling will also prove beneficial towards upgrading and expanding our currently defined resources while allowing for greater accuracy in defining grade, thickness and continuity.”
Drilling results from the recently completed drilling are as follows:
Hole ID From To Interval Length Gold* True Thickness** Effective Mining Width***
meter meter meter gram/tonne meter meter
18-18A-01 10.7 13.7 3.0 4.77 1.6 3.9
includes 10.7 12.2 1.5 8.87 0.8 1.9
18-18-02 12.2 15.2 3.0 27.45 2.0 4.8
includes 12.2 13.7 1.5 52.30 1.0 2.4
18-04-02 22.9 25.9 3.0 4.32 1.5 3.5
18-04A-03 22.9 25.9 3.0 4.20 1.7 4.0
18-05-06 9.1 15.2 6.1 3.71 4.3 7.6
includes 12.2 15.2 3.0 4.80 2.2 3.8
18-05-08 15.2 19.8 4.6 4.52 3.2 5.5
includes 18.3 19.8 1.5 8.79 1.1 1.8
18-05A-06 13.7 21.3 7.6 3.80 4.6 8.0
includes 13.7 18.3 4.6 5.16 2.8 4.8
and 16.8 18.3 1.5 9.54 0.9 1.6
18-05E-01 15.2 19.8 4.6 4.15 4.5 7.8
* Grades herein are reported as uncapped values.
** Estimated distance between the foot wall and hanging wall of the mineralized zone measured perpendicularly to the edges.
*** Effective Mining Width is defined as the distance between the foot wall and hanging wall of the mineralized zone measured horizontally and matches the planned mining method. The mining method used to calculate reserves will extract ore by drift mining along strike in a defined ore stope. The Effective Mining Width is the width that miners will be working within.
Highlights from previously reported drilling results:
Drill hole 18-08A-02 returned an interval of 12.2 meters at 11.7 g/t Au, including 3 meters of 38.3 g/t Au, indicating the zone is higher grade and thicker than initially anticipated with an effective mining width of 17.7 meters;
Drill hole 18-21-06, an exploration step-out hole returned an interval of 16.8 meters at 40.0 g/t gold, including 3 meters of 98.26 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 17.9 meters;
Drill hole 18-21-04, an exploration step-out hole returned an interval of 10.7 meters at 17.49 g/t gold, including 6.1 meters of 29.45 g/t gold with a total effective mining width of 12 meters;
Drill hole 18-21A-05, an exploration step-out hole, returned an interval of 6.1 meters at 15.02 g/t gold, including 3 meters of 22.4 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 13.1 meters;
Drill hole 18-04-01, a conversion hole returned, an interval of 6.1 meters at 15.91 g/t gold, including 4.6 meters of 21.02 g/t gold with a total effective mining width of 3.2 meters
Figure 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/088dc0ed-b9c4-4591-b7e6-fb6e8442295c
Figure 2: https://www.globenewswire.com/NewsRoom/AttachmentNg/81ba2b9d-7f44-4087-99b2-eb01b2e13c99
Figure 3: https://www.globenewswire.com/NewsRoom/AttachmentNg/a563b928-5d20-4691-b691-2e6a4d65a673
Figure 4: https://www.globenewswire.com/NewsRoom/AttachmentNg/b05de102-ce95-47b0-85ed-4dcca0a1a214
The following provided additional information for each of the drill holes reported above:
18-18A-01: Azimuth 165, inclination -25, total length 47.2 meters. This intercept is in C Zone Inferred mineralization and with adjacent successful intercepts, is anticipated to allow for upgrading of Inferred mineralization to Measured and Indicated classification in this area.
18-18-02: Azimuth 90, inclination -65, total length 18.3 meters. This intercept is in C Zone Inferred mineralization and with adjacent new intercepts, is anticipated to allow for conversion of inferred mineralization to Measured and Indicated classification in this area. This intercept is very high in gold grade and may portend the discovery of additional high-grade mineralization in planned down-dip offset drill holes.
18-04-02: Azimuth 205, inclination -12, total length 42.7 meters and 18-04A-03: Azimuth 170, inclination -35, total length 30.5 meters. These Conversion holes successfully intercepted mineralization above cutoff grade and along with adjacent successful Conversion holes, have yielded confidence in the continuity of this part of the C Zone. These results are anticipated to increase Measured and Indicated resources in this area and allow for the boundaries of the known mineralized domain to be updated.
18-05-06: Azimuth 215, inclination -15, total length 65.5 meters. This intercept is in existing C Zone Indicated resource and confirms the anticipated grade and thickness. The intercept is 15.2 m up-dip of designed stopes and may allow the stopes to be expanded in this direction. The intercept is slightly shallower than the modeled C Zone domain and will allow for the boundaries of the mineralized domain to be more accurately modeled.
18-05-08: Azimuth 80, inclination -75, total length 61 meters. This drill hole intercepted existing C Zone Indicated mineralization near the edge of Inferred mineralization and is anticipated to allow for the conversion of adjacent Inferred blocks to the Indicated classification.
18-05A-06: Azimuth 232, inclination -02, total length 70.1 meters. This drill hole intercepted Indicated mineralization in the C Zone but found the mineralization to be of greater thickness and higher grade than anticipated. Together with the nearby intercept in 18-05-06 reported above, this intercept may allow for designed stope panels to be expanded in this direction.
18-05E-01: Azimuth 244, inclination -65, total length 47.2 meters. This drill hole intercepted what was modeled as low-grade mineralization between designed stopes in the C Zone. The result successfully demonstrated the presence of gold mineralization of higher gold grade than is currently modeled.
The Copperstone zone is the underground extension of the same orebody that was historically mined as an open pit. The pit mined nearly 150 vertical meters of the Copperstone zone and produced in excess of 500,000 gold ounces historically. The Copperstone orebody currently has a horizontal strike length of over 1,500 meters and extends 110 meters beneath the historical open pit. Within this area there are Measured and Indicated resources of 276,100 gold ounces and Inferred resources of 145,700 gold ounces.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, SME Registered Member (Geology), who is a “Qualified Person” as defined by NI 43-101 for this project.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million-ounce prospects within a 50 Square kilometers (12,259 acre) land package.
For further information please visit the Kerr Mines website (www.kerrmines.com)
KERR MINES INC.
Giulio T. Bonifacio, Chief Executive Officer
Quality Assurance and Quality Control Statement
Procedures have been implemented to assure Quality Assurance Quality Control (QAQC) of drill hole assaying being done at ALS Global, which is ISO Accredited. All intervals of drill holes are being assayed and samples are securely stored for shipment to ALS, with chain of custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 30th sample in sequence and results are graphed to assure acceptable results, resulting in high confidence of the drill hole assay results. When laboratory assays are received, the QAQC results are immediately evaluated and graphed to analyze dependability of the drill hole assays. As the Copperstone Project advances, additional QAQC measures will be implemented including selected duplicate check assaying on pulps and coarse rejects at a second accredited assay laboratory. All results will be analyzed for consistency.
For further information contact:
Giulio Bonifacio
Chief Executive Officer
gtbonifacio@kerrmines.com
604-318-6760
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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http://www.globenewswire.com/news-release/2019/07/09/1879970/0/en/Kerr-Mines-Drills-3-Meters-of-27-45-g-t-Gold-at-Copperstone.html
https://www.juniorminingnetwork.com/market-data/stock-quote/kerr-mines.html
https://www.theguardian.com/news/2019/jul/09/us-china-trade-war-and-interest-rate-rises-spell-losses-for-the-super-rich
“... Gold prices are set to “reach $2,000 by the end of the year,” predicts David Roche, president and global strategist at London-based Independent Strategy.
Roche recommends investors hold gold in their portfolios, alongside some European fixed income and U.S. Treasurys....”
https://www.cnbc.com/2019/07/08/gold-prices-could-reach-2000-by-the-end-of-the-year-strategist.html
https://www.linkedin.com/in/abradatkinson
https://www.linkedin.com/in/abradatkinson/da
https://www.accenture.com/us-en/industries/natural-resources-index
It looks like Brad Atkinson left KERR 5 months ago? Hmmm?
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/32835-kerr-mines-strengthens-technical-team-with-appointment-of-director-of-exploration-and-geology.html
“... The Company wishes to announce Giulio T. Bonifacio as the inaugural member of the Special Advisory Board. Mr. Bonifacio has over 30 years’ experience in senior executive roles in the mining industry. Mr. Bonifacio is the Founder and former President, CEO and Director of Nevada Copper Corp. since its inception in 2005 until his retirement in February 2018. Over the 13-year period, he led and directed efforts at every stage of the company's development which included exploration, resource expansion, feasibility studies and the successful permitting of both the underground and open-pit deposits at the company's Pumpkin Hollow project located in Nevada. Additionally, Mr. Bonifacio led efforts toward the construction and completion of production-sized headframe, hoist and 1,900-foot-deep, 24-foot-diameter concreted-lined production-sized shaft, all of which has led to a shortened construction period at Pumpkin Hollow which is currently scheduled to commence production in Q4-2019. Among his many accomplishments Mr. Bonifacio has raised directly over $700 million through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of a billion dollars. Mr. Bonifacio is a Chartered Professional Accountant with extensive experience and knowledge of operations, capital markets, project finance, and mergers and acquisitions.
Bradley Rourke, Scotties’ C.E.O. stated, “We are thrilled to have Giulio join the Company as an Advisory Board member. We expect that we will be able to draw from his decades of experience in the industry in creating wealth for shareholders, as well as his proven experience in accessing capital in the resource sector.”
The Company has granted a total of 550,000 stock options to Mr. Bonifacio, entitling him to purchase one common share for each option held at a price of $0.22 per share and valid for a period of five years. The options will vest in accordance with the Company’s stock option plan.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the high grade, past-producing Scottie Gold Mine property and has the option to purchase a 100% interest in the Bow property which is contiguous with the Scottie Gold Mine property. Scottie owns 100% interests in the Ruby Silver and Black Hills properties and has the option to purchase a 100% interest in the Bitter Creek property which joins the Ruby Silver property with the Black Hills property.
All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts.
Further information on Scottie can be found on the Company’s website at www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President & CEO at (250) 877-9902. ... “
ON BEHALF OF THE BOARD OF DIRECTORS
“Bradley Rourke”
President & CEO ... “
https://www.globenewswire.com/news-release/2019/05/23/1841852/0/en/Scottie-Resources-Announces-Formation-of-Special-Advisory-Board.html
https://scottieresources.com/
Your information was CORRECT-DELAYS, DELAYS, DELAYS... WHY?
Every new KERR Mines Corporate Presentation seems to have yet more delays!
Tedious & FRUSTRATING IMHO!
GPB
PS Delays cost investors $$$
https://kerrmines.com/
“... Fahad Al Tamimi
Chairman
Mr. Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country.
He was also a 50% partner of Worley Parsons Arabia, which undertook major infrastructure projects in the oil & gas, energy and a mining project worth over $5 billion in Saudi Arabia....”
http://www.fahadaltamimiphilanthropy.com/prime/
http://www.fahadaltamimiphilanthropy.com/
“... Giulio T. Bonifacio
Chief Executive Officer & Director
Mr. Bonifacio has over 30 years in senior executive positions in the mining industry. Mr. Bonifacio is the founder and was the CEO of Nevada Copper since its inception in 2005 until 2018. He has also been instrumental in providing over $700 million of capital to projects of merit while having led the efforts at every stage of development from exploration, production, permitting and construction. He is a CPA with extensive experience in the capital markets, securities matters, project finance and M&A. He held senior roles with Getty Resources, TOTAL and Vengold. ...”
https://www.marketscreener.com/business-leaders/Giulio-Bonifacio-061NMN-E/biography/
https://www.caesarsreport.com/blog/giulio-bonifacio-becomes-kerr-mines-new-ceo/
https://www.marketwatch.com/story/gold-edges-lower-as-investors-await-jobs-report-2019-07-05
Wall St, Main St. Look For Gold Prices To Recover From Sell-Off
“...The gold market also roughly formed a double top, he added. The August futures peaked at $1,442.90 an ounce on June 25, then nearly matched that again at $1,441 on Wednesday.
Adrian Day, chairman and chief executive officer of Adrian Day Asset Management, looks for gold to be roughly unchanged next week, although he is bullish further out.
“If certain factors driving gold higher are reversed -- if for example, indications grow that the Fed won't raise rates next month -- gold could consolidate, which would be overdue,” Day said.
Afshin Nabavi, head of trading with MKS, said “it’s a bit hard to tell” what to expect from a suddenly choppy gold market, commenting that the market is in a short-term range of $1,380 to $1,440 an ounce.
“[ Fed Chair Jerome ] Powell testifies in front of Congress next week, where we may get a better clue on the thinking going into the July [Fed] meeting,” Nabavi said.
https://www.kitco.com/news/2019-07-05/Wall-St-Main-St-Look-For-Gold-Prices-To-Recover-From-Sell-Off.html
SPROTT’s support is PIVOTAL for KERR MINES and the next few months will decide the fate of ....
https://www.sprottmoney.com
https://kerrmines.com/
https://www.streetwisereports.com/article/2019/06/08/drill-results-upgrade-expand-resources-at-arizona-gold-project.html
https://www.fahadaltamimigroup.com/
http://www.fahadaltamimi.com/business/
Read more at https://stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=29890154#houTWiBik6gAiBOr.99
Kerr Mines could be a DOUBLE GREEN ZERO on the Arizona Golden Roulette Wheel $0...?
I agree definitely don’t throw all of your money at the Copperstone Mine ...
But if the KERR MINES TEAM gets their act together and provides a proper and realistic resource update in early Q3 2019 at the absolute latest early Q4
Gets the LEACH PLANT up and RUNNING? & Puts Copperstone into production in Q1 2020 ... There may be hope for us yet....
If there are numerous detailed depressing delays these shares will...plummet! imho. Kerr Mines could easily MISS OUT on the obviously climbing PRICE of GOLD ! Frustrating beyond belief for long time investors imho...
https://kerrmines.com/
http://www.sprott.com/
http://www.fahadaltamimi.com/
https://www.rt.com/business/462546-china-gold-trade-war/
Read more at https://stockhouse.com/companies/bullboard?symbol=t.ker&postid=29855749#kkEYxRe6pxpB76GW.99
“...
AVIDIAN GOLD CORP.
David Anderson, Chairman & CEO, Director
+1 403 688 8863
e-mail: danderson@avidiangold.com
Address:
18 King St East, Suite 902
Toronto, Ontario
Canada M5C 1C4
Tel: +1 647 259 1786
Fax: +1 647 259 1785
e-mail: info@avidiangold.com
http://avidiangold.com/contact/
Kerr Mines
18 King Street East
Suite 902
Toronto, Ontario
ON M5C 1C4
Tel: +1 (416) 855-9305
Email: info@kerrmines.com
Kerr & Avidian share the same address & ... Giulio Bonifacio, Executive Chairman, Director. +1 604 318-6760 e-mail: gbonifacio@avidiangold.com
Kerr Mines needs to get the Copperstone GOLD Mine into production ASAP imho
WHY?
The HIGH Price of GOLD May NOT last or hold beyond mid 2020 when the first gold pour is scheduled...
I know that completing the construction of the Leach plant in 2019 Q3 will cost more and add pressure... $$$
Hiring the Gold Miners and commissioning the Copperstone Start-UP in Q3 2019 will be expensive but waiting and possibly missing the Golden opportunity of when the Price of Gold ser$iously POPS in 2019 will be incredibly Frustrating for all of the Kerr Mines’ investors that have waited and dare I state hoped for ....
Frustrated with the lack of information from Kerr Mines and we need the RESOURCE UPDATE prior to Q4 2019 $o... ?
https://kerrmines.com/
http://sprott.com/investment-strategies/sprott-resource-holdings/
https://www.fahadaltamimigroup.com/
“ ... Fahad Al-Tamimi is a compassionate businessman who has been at the centre of many of Saudi Arabia's most significant infrastructure projects in the energy, mining and transportation industries.
His links with Texas span a number of years and he holds a Master of Science Degree in Petroleum Engineering from the University of Houston. Previous to his Masters, Fahad Al-Tamimi earned a Bachelor of Science Degree in Chemical Engineering from the University of Petroleum and Minerals in Dhahran.
He has played a fundamental role in the growth and success of a number of companies, including Worley Parson Arabia Ltd and Petrocon Arabia Ltd. Fahad Al-Tami has been responsible for employing nearly 5,000 employees in Saudi Arabia. He is involved at partner level at both Al Haitam, Tamimi Trading & Contracting Co. Ltd (TIMCO) and Amarco hotel, whilst also owning Oceanic Trans Shipping....”
http://www.fahadaltamimiphilanthropy.com/prime/
https://www.linkedin.com/company/fahad-s-al-tamimi-partners-company/?originalSubdomain=ca
“...Claudio Ciavarella
Vice Chairman
Mr. Ciavarella is a Professional Accountant receiving his designation in 1994. He earned his Bachelor of Business Administration from Wilfrid Laurier University’s School of Business and Economics, where he graduated Honours with Distinction.
Mr. Ciavarella is a private business owner with over 25 years experience in the Construction, Real Estate and Manufacturing Industry....”
Forte Fixtures & Millwork, Inc. President -
Beaufield Resources Inc. Director 2017
Kerr Mines Inc Vice Chairman
https://kerrmines.com/corporate/
Agreed! Kerr Mines needs to get Copperstone GOLD Mine into production ASAP imho
WHY?
The HIGH Price of GOLD May NOT last or hold beyond mid 2020 when the first gold pour is scheduled...
I know that completing the construction of the Leach plant in 2019 Q3 will cost more and add pressure... $$$
Hiring the Gold Miners and commissioning the Copperstone Start-UP in Q3 2019 will be expensive but waiting and possibly missing the Golden opportunity of when the Price of Gold ser$iously POPS in 2019 will be incredibly Frustrating for all of the Kerr Mines’ investors that have waited and dare I state hoped for ....
Frustrated with the lack of information from Kerr Mines and we need the RESOURCE UPDATE prior to Q4 2019 $o... ?
https://kerrmines.com/
http://sprott.com/investment-strategies/sprott-resource-holdings/
https://www.fahadaltamimigroup.com/
“ ... Fahad Al-Tamimi is a compassionate businessman who has been at the centre of many of Saudi Arabia's most significant infrastructure projects in the energy, mining and transportation industries.
His links with Texas span a number of years and he holds a Master of Science Degree in Petroleum Engineering from the University of Houston. Previous to his Masters, Fahad Al-Tamimi earned a Bachelor of Science Degree in Chemical Engineering from the University of Petroleum and Minerals in Dhahran.
He has played a fundamental role in the growth and success of a number of companies, including Worley Parson Arabia Ltd and Petrocon Arabia Ltd. Fahad Al-Tami has been responsible for employing nearly 5,000 employees in Saudi Arabia. He is involved at partner level at both Al Haitam, Tamimi Trading & Contracting Co. Ltd (TIMCO) and Amarco hotel, whilst also owning Oceanic Trans Shipping....”
http://www.fahadaltamimiphilanthropy.com/prime/
https://www.linkedin.com/company/fahad-s-al-tamimi-partners-company/?originalSubdomain=ca
“...Claudio Ciavarella
Vice Chairman
Mr. Ciavarella is a Professional Accountant receiving his designation in 1994. He earned his Bachelor of Business Administration from Wilfrid Laurier University’s School of Business and Economics, where he graduated Honours with Distinction.
Mr. Ciavarella is a private business owner with over 25 years experience in the Construction, Real Estate and Manufacturing Industry....”
Forte Fixtures & Millwork, Inc. President -
Beaufield Resources Inc. Director 2017
Kerr Mines Inc Vice Chairman
https://kerrmines.com/corporate/
I believe with the Trade War and Brexit getting hammered out this FALL the PRICE of GOLD will climb...
My concern is that in late 2020 when Kerr Mines goes into production and will provide results the POG could be dropping so... MOST concerning imho ...
The options are a great idea but who knows ... I do think the POG will hold or climb in the next 5 months... With a few slight dips...
Kerr Mines will hopefully speed up their business plan and get into production in early 2020 if possible...?
https://kerrmines.com/
http://www.sprott.com/
KERR Mines should start mining in 2019 Q4 and have their first gold pour in Q1 2020 if at all possible.?.. at the Copperstone Mine imho
Brexit and the Trade Wars will NOT last forever....
When Gold POPS this FALL it will probably drop eventually in 2020 so... There is a possible narrow window... $o...?
Originally this was the goal so...
Kerr Mines will probably MISS this golden opportunity regarding the GOLD PRICE Popping in late 2019 and early 2020 if they are not pouring gold prior to mid 2020! IMHO
Kerr Mines needs to do their best to move up their production and business timelines if at all possible? https://kerrmines.com/
Golden HIGH POG opportunities do not last for decades and can come and GO quickly so...
http://www.sprott.com/
Hi Michael, Agreed $1 pps in 2020
I must admit by late 2020 ...... I am hoping for $2 price per share for Kerr Mines ...
I wonder if the Copperstone Mine contains any RARE-EARTH Mineral Deposits?
Ciao,
GOldenPolarBear
https://kerrmines.com/
https://www.streetwisereports.com/article/2019/06/08/drill-results-upgrade-expand-resources-at-arizona-gold-project.html
http://sprott.com/investment-strategies/physical-bullion-trusts/gold/
https://www.forbes.com/sites/kenrapoza/2019/06/10/hong-kong-risks-becoming-a-new-variable-in-china-trade-war/#1fe041a1543c
https://www.rt.com/business/461492-china-rare-earths-exports/
”... Gold’s latest rally hints at a return to record price levels
But will Kerr Mines be producing in early 2020 when the Gold Prices are high or will this golden opportunity be foresaken?
https://www.marketwatch.com/story/golds-latest-rally-hints-at-a-return-to-record-price-levels-2019-06-07
“...Gold has moved higher for the year, after stalling just below the $1,300-an-ounce mark for weeks. All the factors for the metal to rally to record levels might finally be falling into place.
“Gold does well in a period of dollar weakness, inflation and economic uncertainty,” says Peter Schiff, chief global strategist for Euro Pacific Capital, a division of Alliance Global Partners. “We are about to get all three.”
https://www.allianceg.com/
https://kerrmines.com/
https://www.bloomberg.com/news/articles/2019-06-07/worst-may-be-yet-to-come-for-u-s-jobs-as-trade-war-intensifies
”... Gold’s latest rally hints at a return to record price levels
But will Kerr Mines be producing in early 2020 when the Gold Prices are high or will this golden opportunity be foresaken?
https://www.marketwatch.com/story/golds-latest-rally-hints-at-a-return-to-record-price-levels-2019-06-07
“...Gold has moved higher for the year, after stalling just below the $1,300-an-ounce mark for weeks. All the factors for the metal to rally to record levels might finally be falling into place.
“Gold does well in a period of dollar weakness, inflation and economic uncertainty,” says Peter Schiff, chief global strategist for Euro Pacific Capital, a division of Alliance Global Partners. “We are about to get all three.”
https://www.allianceg.com/
https://kerrmines.com/
https://www.bloomberg.com/news/articles/2019-06-07/worst-may-be-yet-to-come-for-u-s-jobs-as-trade-war-intensifies
“... Technical analyst Clive Maund charts this miner with a gold project in Arizona and explains why he believes its stock is a good buy.....”
“.... Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) has not—so far—responded to the rally in gold of recent days, but the pattern looks most favorable with it having consolidated a sharp high volume rally at the start of last month, that allowed its 50-day moving average to catch up and rise through its 200-day.
The company has reported a run of good drilling results that augment the value of its Copperstone Mine in Arizona, and just came out with more very positive results, that are thought likely to get the stock moving.
https://www.streetwisereports.com/article/2019/06/07/company-with-positive-drill-results-at-good-entry-point.html
“...
Gold has been moving higher since early May on fears that multiple trade wars would bite into economic growth and on expectations the Fed would cut interest rates.
But analysts say the metal may be nearing the top of its run for now.
Gold futures for August were higher by more than $5 to $1,334 per ounce Wednesday afternoon, and are up 5% since the beginning of May.
https://www.cnbc.com/2019/06/05/people-are-buying-up-the-asset-class-that-loves-trade-wars-central-bank-easing-and-volatility.html
https://www.thestar.com/business/2019/06/06/trade-war-added-167b-to-gold-stocks-in-just-three-days.html
“... Technical analyst Clive Maund charts this miner with a gold project in Arizona and explains why he believes its stock is a good buy.....”
“.... Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) has not—so far—responded to the rally in gold of recent days, but the pattern looks most favorable with it having consolidated a sharp high volume rally at the start of last month, that allowed its 50-day moving average to catch up and rise through its 200-day.
The company has reported a run of good drilling results that augment the value of its Copperstone Mine in Arizona, and just came out with more very positive results, that are thought likely to get the stock moving.
https://www.streetwisereports.com/article/2019/06/07/company-with-positive-drill-results-at-good-entry-point.html
“...
Gold has been moving higher since early May on fears that multiple trade wars would bite into economic growth and on expectations the Fed would cut interest rates.
But analysts say the metal may be nearing the top of its run for now.
Gold futures for August were higher by more than $5 to $1,334 per ounce Wednesday afternoon, and are up 5% since the beginning of May.
https://www.cnbc.com/2019/06/05/people-are-buying-up-the-asset-class-that-loves-trade-wars-central-bank-easing-and-volatility.html
https://www.thestar.com/business/2019/06/06/trade-war-added-167b-to-gold-stocks-in-just-three-days.html
Agreed! Kerr Mine$
Cheer$
GPB
https://kerrmines.com/
“... Kerr Mines Inc.
09:59 AM EST - Kerr Mines Inc. : Announced further drilling results from its resource expansion program at the Copperstone Mine located in Arizona. Additional drilling results from this current phase of drilling at Copperstone are pending and will be released as they become available. Drill hole 18-21A-05, an exploration step-out hole, returned an interval of 6.1 metres at 15.02 g/t gold, including three metres of 22.4 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 13.1 metres. Kerr Mines Inc.
shares T.KER are trading up $0.01 at $0.17.
http://www.baystreet.ca/articles/stocksinplayarticles/48457/060519
https://kerrmines.com/
« ... Kerr Mines Drills 6.1 Meters of 15.02 g/t Gold at Copperstone
TORONTO, June 05, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results from this current phase of drilling at Copperstone are pending and will be released as they become available.
2019 Resource Expansion Highlights:
Drill hole 18-21A-05, an exploration step-out hole, returned an interval of 6.1 meters at 15.02 g/t gold, including 3 meters of 22.4 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 13.1 meters;
Drill hole 18-04-01, a conversion hole returned, an interval of 6.1 meters at 15.91 g/t gold, including 4.6 meters of 21.02 g/t gold with a total effective mining width of 3.2 meters; and,
Continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip.
Drilling is being accomplished entirely from existing underground access and will affect an area of 500 meters of strike length and 200 meters of elevation, representing approximately 30 per cent of the current resource strike length. The program was designed to increase confidence in the mineral resources and reserves, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study.
The objective of the underground resource expansion program of up to 10,000 meters of drilling, of which we have currently completed 5,000 meters which is currently focused on the D and C zones to increase mine life by adding additional Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources. Updating the mine plan with the new resources will be the final step towards extending mine life once all drilling results have been received.
Giulio T. Bonifacio, Chief Executive Officer stated: “We continue to be very encouraged with the positive drill results to date. Building off the success of the previously announced results from holes 18-21-04(16.8 meters of 40.0 g/t gold) and 18-21-06(10.7 meters of 17.5 g/t gold) our current reported drilling results as shown in “Drill Stations Close View Looking West” further confirm that results are upgrading and expanding our currently defined resources beyond the various mineralized domains with both high grades and further continuity. ”... »
https://www.globenewswire.com/news-release/2019/06/05/1864470/0/en/Kerr-Mines-Drills-6-1-Meters-of-15-02-g-t-Gold-at-Copperstone.html
https://www.sprottmoney.com/
https://www.bloomberg.com/news/articles/2019-06-05/imf-cuts-china-growth-forecast-citing-downside-trade-war-risks
https://kerrmines.com/projects/
« ... Kerr Mines Drills 6.1 Meters of 15.02 g/t Gold at Copperstone
TORONTO, June 05, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results from this current phase of drilling at Copperstone are pending and will be released as they become available.
2019 Resource Expansion Highlights:
Drill hole 18-21A-05, an exploration step-out hole, returned an interval of 6.1 meters at 15.02 g/t gold, including 3 meters of 22.4 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 13.1 meters;
Drill hole 18-04-01, a conversion hole returned, an interval of 6.1 meters at 15.91 g/t gold, including 4.6 meters of 21.02 g/t gold with a total effective mining width of 3.2 meters; and,
Continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip.
Drilling is being accomplished entirely from existing underground access and will affect an area of 500 meters of strike length and 200 meters of elevation, representing approximately 30 per cent of the current resource strike length. The program was designed to increase confidence in the mineral resources and reserves, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study.
The objective of the underground resource expansion program of up to 10,000 meters of drilling, of which we have currently completed 5,000 meters which is currently focused on the D and C zones to increase mine life by adding additional Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources. Updating the mine plan with the new resources will be the final step towards extending mine life once all drilling results have been received.
Giulio T. Bonifacio, Chief Executive Officer stated: “We continue to be very encouraged with the positive drill results to date. Building off the success of the previously announced results from holes 18-21-04(16.8 meters of 40.0 g/t gold) and 18-21-06(10.7 meters of 17.5 g/t gold) our current reported drilling results as shown in “Drill Stations Close View Looking West” further confirm that results are upgrading and expanding our currently defined resources beyond the various mineralized domains with both high grades and further continuity. ”... »
https://www.globenewswire.com/news-release/2019/06/05/1864470/0/en/Kerr-Mines-Drills-6-1-Meters-of-15-02-g-t-Gold-at-Copperstone.html
https://www.sprottmoney.com/
https://www.bloomberg.com/news/articles/2019-06-05/imf-cuts-china-growth-forecast-citing-downside-trade-war-risks
https://kerrmines.com/projects/
« ... Kerr Mines Drills 6.1 Meters of 15.02 g/t Gold at Copperstone
TORONTO, June 05, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results from this current phase of drilling at Copperstone are pending and will be released as they become available.
2019 Resource Expansion Highlights:
Drill hole 18-21A-05, an exploration step-out hole, returned an interval of 6.1 meters at 15.02 g/t gold, including 3 meters of 22.4 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 13.1 meters;
Drill hole 18-04-01, a conversion hole returned, an interval of 6.1 meters at 15.91 g/t gold, including 4.6 meters of 21.02 g/t gold with a total effective mining width of 3.2 meters; and,
Continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip.
Drilling is being accomplished entirely from existing underground access and will affect an area of 500 meters of strike length and 200 meters of elevation, representing approximately 30 per cent of the current resource strike length. The program was designed to increase confidence in the mineral resources and reserves, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study.
The objective of the underground resource expansion program of up to 10,000 meters of drilling, of which we have currently completed 5,000 meters which is currently focused on the D and C zones to increase mine life by adding additional Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources. Updating the mine plan with the new resources will be the final step towards extending mine life once all drilling results have been received.
Giulio T. Bonifacio, Chief Executive Officer stated: “We continue to be very encouraged with the positive drill results to date. Building off the success of the previously announced results from holes 18-21-04(16.8 meters of 40.0 g/t gold) and 18-21-06(10.7 meters of 17.5 g/t gold) our current reported drilling results as shown in “Drill Stations Close View Looking West” further confirm that results are upgrading and expanding our currently defined resources beyond the various mineralized domains with both high grades and further continuity. ”... »
https://www.globenewswire.com/news-release/2019/06/05/1864470/0/en/Kerr-Mines-Drills-6-1-Meters-of-15-02-g-t-Gold-at-Copperstone.html
https://www.sprottmoney.com/
https://www.bloomberg.com/news/articles/2019-06-05/imf-cuts-china-growth-forecast-citing-downside-trade-war-risks
https://kerrmines.com/projects/
AGREED! ! ! = $$€€££¥¥€
Spark wrote “...KERMF been buying for months..by the end of the year over a buck should be nice~ ...”
« ...Gold in the Desert: High-Grade Project Nearing Fruition in Arizona... »
NYBob, I wonder if Kerr Mines is finally going to soar?
https://www.streetwisereports.com/article/2019/05/21/gold-in-the-desert-high-grade-project-nearing-fruition-in-arizona.html
Located in the fault- and gold-riddled desert lands between Phoenix and Death Valley, Kerr Mines Inc.'s (KER:TSX; KERMF:OTC; 7AZ1:FRA) Copperstone Mine is gearing up to recommence production in 2020, stated newly appointed CEO Giulio T. Bonifacio.
Because it is blessed with existing infrastructure—a mill, water, power, labs, repair shop, warehouses, offices, tailings pond and extensive underground development—reinvigorating Copperstone is a low capex project.
Copperstone's historically productive high-grade gold deposit was profitably mined as an open pit in 1987 by Cyprus Minerals Corporation. Within six remarkable years, Copperstone delivered more than 500,000 ounces gold from 5.6 million tons of ore grading at 0.089 ounces per ton (oz/t) gold (3.05 grams/tonne).
“... Gold in the Desert: High-Grade Project Nearing Fruition in Arizona
“... Located in the fault- and gold-riddled desert lands between Phoenix and Death Valley, Kerr Mines Inc.'s (KER:TSX; KERMF:OTC; 7AZ1:FRA) Copperstone Mine is gearing up to recommence production in 2020, stated newly appointed CEO Giulio T. Bonifacio.
Because it is blessed with existing infrastructure—a mill, water, power, labs, repair shop, warehouses, offices, tailings pond and extensive underground development—reinvigorating Copperstone is a low capex project.
Copperstone's historically productive high-grade gold deposit was profitably mined as an open pit in 1987 by Cyprus Minerals Corporation. Within six remarkable years, Copperstone delivered more than 500,000 ounces gold from 5.6 million tons of ore grading at 0.089 ounces per ton (oz/t) gold (3.05 grams/tonne).
Copperstone's next owner, American Bonanza, further developed Copperstone with drilling, underground development at the base of the open pit, while also permitting the project. This was followed by the construction of a 600-ton-per'day flotation mill. The company extracted 16,900 ounces of riches from ore grading at 0.104 oz/t gold (3.57 grams/tonne) during 2012 before terminating operations in early 2013 as the gold market turned and Copperstone went temporarily fallow.
Copperstone and its adjacent property was subsequently acquired by Kerr Mines in 2014 at a discounted price that did not reflect the significant historical costs that approximated US$100 million, Bonifacio noted. Kerr Mine's wholly owned Copperstone project straddles 19.2 square miles (50 square kilometers) of surface area and mineral rights in La Paz County, Arizona. The Toronto-based company controls the property's 546 federal unpatented mining claims (10,920 acres) and two Arizona state mineral leases totaling 1,338 acres.
In late 2017, Kerr Mines completed a combined surface and underground drilling exploration program, adding 800 feet of additional underground access. Bonifacio stated the company plans to start mining and processing 600 tons of ore per day at Copperstone in 2020, pending advancing detailed engineering, minor permit modifications approval and finalizing terms of a current financing package with Sprott Resource Lending Corp.
Last year, Kerr Mines' Copperstone preliminary feasibility study calculated the underground Proven and Probable to hold 175,093 ounces at 6.79 g/t with a mine life of 4.5 years. In 2019, a further 15,000-meter drill program is targeted with the objective of extending the estimated life of the mine to 8–10 years based on extracting 320,000 ounces of gold, Bonifacio noted.
"To date we have only modestly tested the Copperstone project with exploration work covering approximately only 10% of the project," Bonifacio stated. "We see a pathway toward capturing multimillion-ounce potential with further drilling and testing several prospective targets that have been identified."
Kerr Mines' proposed mining method is a mechanized cut and fill using rock fill and cement rock fill. Cut and fill was chosen for its flexibility in handling the low vein dip angles. The project is designed to operate on two 10-hour shifts; the region has an ample supply of experienced workers and is mining friendly.
In an interview with Streetwise Reports, Bonifacio said, "There is a comfort zone involved, in that Copperstone has already produced more than a half million ounces. The grade is high for underground at plus six grams. Additionally, with several very prospective targets in hand and a land package that has been relatively underexplored, there is a strong likelihood that we are sitting on a million-ounce deposit and a pretty low cost to get at the deposit."
Bonifacio explained, "The US$100 million investment by Copperstone's previous owners in existing infrastructure is saving us tens of millions in capital expenses. And the mine has all of its major permits. I'm quite excited about the large land position that came with the acquisition, which we will explore and develop after Copperstone goes on line."
Bonifacio joined Kerr Mines in April from Nevada Copper, which he retired from in early 2018. Bonifacio told Streetwise Reports that he founded Nevada Copper in 2005 and directed efforts at every stage of the company's development, which included exploration, resource expansion, feasibility studies and the successful permitting of both the underground and open-pit deposits and construction at the company's Pumpkin Hollow project located in Nevada, which is scheduled to commence production in Q4 2019. Bonifacio is a Chartered Professional Accountant with 30 years of executive experience in operations, project finance, capital markets and mergers and acquisitions. Bonifacio has himself raised US$700 million in capital through equity and project debt financings; he has participated in more than US$1 billion worth of corporate transactions.
Bonifacio has put his money where his mouth is, too. Kerr Mines has completed a non-brokered private placement offering of 3,350,000 shares at a price of CA$0.14 per unit for gross proceeds of CA$469,000. Bonifacio personally subscribed for 3 million shares; Peter Damouni, a Kerr director, subscribed for 350,000.
Retail investors currently hold only about a third of Kerr's shares with directors, insiders and family funds and offices holding the rest.
Bonifacio said, "We've got the budget on hand to continue the study work, and we are looking at lenders and our current financing package with Sprott Resource Lending to advance the project fully into production. We are also very excited about the drilling results to date so we ideally would like to further advance our drilling efforts with an aggressive targeted success driven drill program." Bonifacio went on to state, "We also have the best in class mining professionals to further advance Copperstone, which is critical to our future success."
Is now the right time?
"There are very few already built-out, ready-to-go projects like Copperstone. That is what sets us apart from the crowd," Bonifacio observed. "A bump in the gold prices is inevitable, it is a law of the market—that is why I put so much of my own skin in the game!"
Mining investment experts are cheering for Bonifacio and Copperstone. Technical analyst Clive Maund, analyst Siddharth Rajeev with Fundamental Research and industry observer Jeff Nielson all view Kerr Mines as a worthy investment that has the potential to glow with even a modest uptick in gold prices.
The nine-member board of directors of Kerr Mines is loaded not just with mining operations experts with the background to bring Copperstone to fruition, but also with several heavy weight capitalists.
Chairman Fahad Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was president and CEO of SaudConsult, the largest engineering firm in Saudi Arabia, responsible for many large infrastructure and construction projects in the country.
Executive vice-chairman Claudio Ciavarella, who has advanced Copperstone since its acquisition, is a CPA and private business owner who operates international businesses in construction and manufacturing.
Direct investor and board member Peter Damouni has over 18 years of experience in investment banking and capital markets, with expertise in mining and oil and gas. Damouni has worked on and led equity and debt financings valued over $5 billion.
Director Ayman Arekathas over 35 years of strong banking, finance, investment and business management experience working with Chase Manhattan Bank, Merrill Lynch, Deutsche Bank, Investor, Abraaj Capital and Tamimi investments.
https://www.streetwisereports.com/article/2019/05/21/gold-in-the-desert-high-grade-project-nearing-fruition-in-arizona.html
https://www.forbes.com/sites/kenroberts/2019/05/21/trade-war-update-port-of-los-angeles-no-longer-top-port-its-laredo/amp/
“... Gold in the Desert: High-Grade Project Nearing Fruition in Arizona
“... Located in the fault- and gold-riddled desert lands between Phoenix and Death Valley, Kerr Mines Inc.'s (KER:TSX; KERMF:OTC; 7AZ1:FRA) Copperstone Mine is gearing up to recommence production in 2020, stated newly appointed CEO Giulio T. Bonifacio.
Because it is blessed with existing infrastructure—a mill, water, power, labs, repair shop, warehouses, offices, tailings pond and extensive underground development—reinvigorating Copperstone is a low capex project.
Copperstone's historically productive high-grade gold deposit was profitably mined as an open pit in 1987 by Cyprus Minerals Corporation. Within six remarkable years, Copperstone delivered more than 500,000 ounces gold from 5.6 million tons of ore grading at 0.089 ounces per ton (oz/t) gold (3.05 grams/tonne).
Copperstone's next owner, American Bonanza, further developed Copperstone with drilling, underground development at the base of the open pit, while also permitting the project. This was followed by the construction of a 600-ton-per'day flotation mill. The company extracted 16,900 ounces of riches from ore grading at 0.104 oz/t gold (3.57 grams/tonne) during 2012 before terminating operations in early 2013 as the gold market turned and Copperstone went temporarily fallow.
Copperstone and its adjacent property was subsequently acquired by Kerr Mines in 2014 at a discounted price that did not reflect the significant historical costs that approximated US$100 million, Bonifacio noted. Kerr Mine's wholly owned Copperstone project straddles 19.2 square miles (50 square kilometers) of surface area and mineral rights in La Paz County, Arizona. The Toronto-based company controls the property's 546 federal unpatented mining claims (10,920 acres) and two Arizona state mineral leases totaling 1,338 acres.
In late 2017, Kerr Mines completed a combined surface and underground drilling exploration program, adding 800 feet of additional underground access. Bonifacio stated the company plans to start mining and processing 600 tons of ore per day at Copperstone in 2020, pending advancing detailed engineering, minor permit modifications approval and finalizing terms of a current financing package with Sprott Resource Lending Corp.
Last year, Kerr Mines' Copperstone preliminary feasibility study calculated the underground Proven and Probable to hold 175,093 ounces at 6.79 g/t with a mine life of 4.5 years. In 2019, a further 15,000-meter drill program is targeted with the objective of extending the estimated life of the mine to 8–10 years based on extracting 320,000 ounces of gold, Bonifacio noted.
"To date we have only modestly tested the Copperstone project with exploration work covering approximately only 10% of the project," Bonifacio stated. "We see a pathway toward capturing multimillion-ounce potential with further drilling and testing several prospective targets that have been identified."
Kerr Mines' proposed mining method is a mechanized cut and fill using rock fill and cement rock fill. Cut and fill was chosen for its flexibility in handling the low vein dip angles. The project is designed to operate on two 10-hour shifts; the region has an ample supply of experienced workers and is mining friendly.
In an interview with Streetwise Reports, Bonifacio said, "There is a comfort zone involved, in that Copperstone has already produced more than a half million ounces. The grade is high for underground at plus six grams. Additionally, with several very prospective targets in hand and a land package that has been relatively underexplored, there is a strong likelihood that we are sitting on a million-ounce deposit and a pretty low cost to get at the deposit."
Bonifacio explained, "The US$100 million investment by Copperstone's previous owners in existing infrastructure is saving us tens of millions in capital expenses. And the mine has all of its major permits. I'm quite excited about the large land position that came with the acquisition, which we will explore and develop after Copperstone goes on line."
Bonifacio joined Kerr Mines in April from Nevada Copper, which he retired from in early 2018. Bonifacio told Streetwise Reports that he founded Nevada Copper in 2005 and directed efforts at every stage of the company's development, which included exploration, resource expansion, feasibility studies and the successful permitting of both the underground and open-pit deposits and construction at the company's Pumpkin Hollow project located in Nevada, which is scheduled to commence production in Q4 2019. Bonifacio is a Chartered Professional Accountant with 30 years of executive experience in operations, project finance, capital markets and mergers and acquisitions. Bonifacio has himself raised US$700 million in capital through equity and project debt financings; he has participated in more than US$1 billion worth of corporate transactions.
Bonifacio has put his money where his mouth is, too. Kerr Mines has completed a non-brokered private placement offering of 3,350,000 shares at a price of CA$0.14 per unit for gross proceeds of CA$469,000. Bonifacio personally subscribed for 3 million shares; Peter Damouni, a Kerr director, subscribed for 350,000.
Retail investors currently hold only about a third of Kerr's shares with directors, insiders and family funds and offices holding the rest.
Bonifacio said, "We've got the budget on hand to continue the study work, and we are looking at lenders and our current financing package with Sprott Resource Lending to advance the project fully into production. We are also very excited about the drilling results to date so we ideally would like to further advance our drilling efforts with an aggressive targeted success driven drill program." Bonifacio went on to state, "We also have the best in class mining professionals to further advance Copperstone, which is critical to our future success."
Is now the right time?
"There are very few already built-out, ready-to-go projects like Copperstone. That is what sets us apart from the crowd," Bonifacio observed. "A bump in the gold prices is inevitable, it is a law of the market—that is why I put so much of my own skin in the game!"
Mining investment experts are cheering for Bonifacio and Copperstone. Technical analyst Clive Maund, analyst Siddharth Rajeev with Fundamental Research and industry observer Jeff Nielson all view Kerr Mines as a worthy investment that has the potential to glow with even a modest uptick in gold prices.
The nine-member board of directors of Kerr Mines is loaded not just with mining operations experts with the background to bring Copperstone to fruition, but also with several heavy weight capitalists.
Chairman Fahad Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was president and CEO of SaudConsult, the largest engineering firm in Saudi Arabia, responsible for many large infrastructure and construction projects in the country.
Executive vice-chairman Claudio Ciavarella, who has advanced Copperstone since its acquisition, is a CPA and private business owner who operates international businesses in construction and manufacturing.
Direct investor and board member Peter Damouni has over 18 years of experience in investment banking and capital markets, with expertise in mining and oil and gas. Damouni has worked on and led equity and debt financings valued over $5 billion.
Director Ayman Arekathas over 35 years of strong banking, finance, investment and business management experience working with Chase Manhattan Bank, Merrill Lynch, Deutsche Bank, Investor, Abraaj Capital and Tamimi investments.
https://www.streetwisereports.com/article/2019/05/21/gold-in-the-desert-high-grade-project-nearing-fruition-in-arizona.html
https://www.forbes.com/sites/kenroberts/2019/05/21/trade-war-update-port-of-los-angeles-no-longer-top-port-its-laredo/amp/
Kerr Mines filed NEW Financial SEDAR Documents
https://www.investorx.ca/search/00003818/kerr-mines-inc
https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00003818&issuerType=03&projectNo=02917105&docId=4523311
https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00003818&issuerType=03&projectNo=02917104&docId=4523310
https://kerrmines.com/
https://www.bloomberg.com/news/articles/2019-05-14/trump-suggests-fed-match-china-in-any-aid-on-trade-war-impact
Kerr Mines filed NEW Financial SEDAR Documents
https://www.investorx.ca/search/00003818/kerr-mines-inc
https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00003818&issuerType=03&projectNo=02917105&docId=4523311
https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00003818&issuerType=03&projectNo=02917104&docId=4523310
https://kerrmines.com/
https://www.bloomberg.com/news/articles/2019-05-14/trump-suggests-fed-match-china-in-any-aid-on-trade-war-impact
https://www.reuters.com/article/us-usa-trade-china-options/no-easy-options-for-china-as-trade-war-u-s-pressure-bite-idUSKCN1SL0OU
Stateside Report Podcast – May 13, 2019
Kerr Mines $KER ...
http://statesidereport.com/stateside-report-podcast-may-13-2019/
https://kerrmines.com/
https://www.bloomberg.com/news/articles/2019-05-14/trump-suggests-fed-match-china-in-any-aid-on-trade-war-impact
“... 2019-20 Target to increase mine life to +10 years...”
Updated Kerr Mines Presentation for an important presentation $o...
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-May-2019.pdf
Several more detailed pages and images have been added ....
https://www.theguardian.com/world/2019/may/12/trump-china-tariff-hike-trade-war
“...Macroeconomic forces should be providing tailwinds for gold, but unlike an apathetic market, Sprott’s CEO , Peter Grosskopf, remains constructive the yellow metal, a contrarian move.
“Nobody likes gold right now, and we’re contrarian, and we think there’s great investment opportunities across the spectrum in gold, even if it doesn’t move. But at some point in the next few years, those other markets will have problems and when they have problems gold will be an amazing hedge,” Grosskopf told Kitco News on the sidelines of the Mines and Money conference in New York.
Grosskopf noted that sentiment for gold is improving and more sophisticated investors are beginning to take notice and invest....”
https://www.kitco.com/news/video/show/Mines--Money-New-York/2393/2019-05-07/Were-Betting-Against-The-Street-On-Gold---Sprott-CEO#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMines--Money-New-York
https://www.sprottmoney.com/
https://www.theguardian.com/business/live/2019/may/13/trade-war-investors-china-retaliation-us-tariffs-growth-stock-markets-business-live
“... 2019-20 Target to increase mine life to +10 years...”
Updated Kerr Mines Presentation for an important presentation $o...
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-May-2019.pdf
Several more detailed pages and images have been added ....
https://www.theguardian.com/world/2019/may/12/trump-china-tariff-hike-trade-war
“...Macroeconomic forces should be providing tailwinds for gold, but unlike an apathetic market, Sprott’s CEO, Peter Grosskopf, remains constructive the yellow metal, a contrarian move.
“Nobody likes gold right now, and we’re contrarian, and we think there’s great investment opportunities across the spectrum in gold, even if it doesn’t move. But at some point in the next few years, those other markets will have problems and when they have problems gold will be an amazing hedge,” Grosskopf told Kitco News on the sidelines of the Mines and Money conference in New York.
Grosskopf noted that sentiment for gold is improving and more sophisticated investors are beginning to take notice and invest....”
https://www.kitco.com/news/video/show/Mines--Money-New-York/2393/2019-05-07/Were-Betting-Against-The-Street-On-Gold---Sprott-CEO#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMines--Money-New-York
https://www.sprottmoney.com/
“... 2019-20 Target to increase mine life to +10 years...”
Updated Kerr Mines Presentation for an important presentation $o...
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-May-2019.pdf
Several more detailed pages and images have been added ....
https://www.theguardian.com/world/2019/may/12/trump-china-tariff-hike-trade-war
“...Macroeconomic forces should be providing tailwinds for gold, but unlike an apathetic market, Sprott’s CEO, Peter Grosskopf, remains constructive the yellow metal, a contrarian move.
“Nobody likes gold right now, and we’re contrarian, and we think there’s great investment opportunities across the spectrum in gold, even if it doesn’t move. But at some point in the next few years, those other markets will have problems and when they have problems gold will be an amazing hedge,” Grosskopf told Kitco News on the sidelines of the Mines and Money conference in New York.
Grosskopf noted that sentiment for gold is improving and more sophisticated investors are beginning to take notice and invest....”
https://www.kitco.com/news/video/show/Mines--Money-New-York/2393/2019-05-07/Were-Betting-Against-The-Street-On-Gold---Sprott-CEO#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMines--Money-New-York
https://www.sprottmoney.com/
”...Gold finding support from trade tensions, expert says
5:05 AM ET Fri, 10 May 2019
Paul Bloxham, chief economist for Australia, New Zealand and global commodities at HSBC Global Research, discusses precious metals investing....”
https://www.cnbc.com/video/2019/05/10/gold-finding-support-from-trade-tensions-expert-says.html
“... Gold on track for weekly gain due to US-China trade tension; palladium soars
“... Gold prices rose on Friday and were set to post a weekly rise as the United States raised tariffs on Chinese goods, exacerbating fears of a global economic slowdown, while palladium surged more than 5% on technical buying and short covering.
The United States intensified a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods. U.S. President Donald Trump said on Friday he was in no hurry to sign a trade deal with China.
The escalation in the U.S.-China trade dispute has weighed on stock markets worldwide and boosted demand for assets viewed as safer.
https://www.cnbc.com/2019/05/10/gold-market-us-china-trade-talks-tariff-threats-in-focus.html
https://kerrmines.com/
Kerr Mines Inc. (QB) (KERMF) 0.128 UP 0.011 (9.40%)
Volume: 45,500 @ 12:05:12 PM EDT ET
Bid Ask Day's Range
0.1255 0.1286 0.118988 - 0.128
https://kerrmines.com/
“... Just days after they appeared to be on the verge of brokering a deal, the United States and China are fighting a trade war again.
The Trump administration made good on its threat to raise tariffs on $200 billion worth of Chinese exports from 10% to 25% earlier on Friday, marking a sharp escalation in tension between the world's two largest economies.
After months of talks aimed at ending a year-long dispute that has already hurt global growth and rattled stock markets around the world, the latest US salvo risks triggering a new wave of tit-for-tat responses....”
https://www.cnn.com/2019/05/10/economy/us-tariffs-china-trade-war/index.html
https://www.nytimes.com/2019/05/10/us/politics/trump-china-trade.html
$ 0.17 0.015 UP | 9.68%
Bid: 0.16 x 500 Ask: 0.17 x 33500 Volume: 149,240
Low: 0.16 | High: 0.17 | Year Low: 0.105 | Year High: 0.245
CAD $ TORONTO STOCK EXCHANGE DELAYED
PRICE MAY 10, 2019 12:05 PMEDT
HTTPS://KERRMINES.COM/
HTTPS://WWW.SPROTTMONEY.COM/
HTTP://WWW.SPROTT.COM/
”... US customs issues notice of higher Chinese tariffs
It’s official! US Customs officials are ready to start collecting a new 25% tariff rate on thousands of products from China, in just seven hours time.
A notice on the U.S. Customs and Border Protection web site says it will begin collecting a 25% tariff on $200bn worth Chinese imports at 12:01 a.m. (05:01am UK time).
They are implementing a document filed earlier this week, which itself followed tweets from Donald Trump on Sunday which blamed China for moving too slowly in the trade talks.
The higher tariff applies to over 5,700 products that were previously hit with a 10% tariff last year. Here’s the announcement.
https://www.theguardian.com/business/live/2019/may/09/markets-us-china-trade-talks-liu-donald-trump-business-live
https://kerrmines.com/
“... Seoul, South Korea (CNN)
North Korea has launched two suspected "short-range missiles," South Korea's military said Thursday, adding yet another complication into Pyongyang's stalled negotiations with the United States and peace talks with South Korea.
It launched the projectiles at 4:29 p.m. local (3.29 a.m. ET) and 4:49 p.m. local towards the east, which had an estimated range of 420 kilometers (260 miles) and 270 kilometers respectively, South Korea's Joint Chiefs of Staff (JCS) said in a statement.
The missiles had an altitude of around 50 kilometers and hit the East Sea, also known as the Sea of Japan, South Korea's Defense Military told CNN. It added that it had detected that one of the projectiles was launched from Sino-ri and the other was launched from Kusong, both in the North Pyongan Province, in northwest North Korea.
https://www.cnn.com/2019/05/09/asia/north-korea-projectile-intl/index.html
Giulio T. Bonifacio
Chief Executive Officer & Director of Kerr Mines
Mr. Bonifacio has over 30 years in senior executive positions in the mining industry. Mr. Bonifacio is the founder and was the CEO of Nevada Copper since its inception in 2005 until 2018. He has also been instrumental in providing over $700 million of capital to projects of merit while having led the efforts at every stage of development from exploration, production, permitting and construction. He is a CPA with extensive experience in the capital markets, securities matters, project finance and M&A. He held senior roles with Getty Resources, TOTAL and Vengold.
https://kerrmines.com/corporate/