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KERR Mines Is Poised to Soar in late 2019 & 2020
More specifically, Kerr Mines’ shares are poised to SOAR in 2019 & 2020
https://www.streetwisereports.com/article/2019/04/06/initial-drill-results-show-mineralization-continuity-extension-at-arizona-project.html
https://www.mining-journal.com/resource-definition/news/1360452/copperstone-expansion-results-give-kerr-confidence
https://www.kitco.com/commentaries/2019-04-08/Flat-U-S-Equities-And-Dollar-Weakness-Are-Supportive-Of-Gold-Prices.html
http://sprott.com/investment-strategies/physical-bullion-trusts/gold/
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
KERR Mines Is Poised to Soar in late 2019 & 2020
More specifically, Kerr Mines’ shares are poised to SOAR in 2019 & 2020
https://www.streetwisereports.com/article/2019/04/06/initial-drill-results-show-mineralization-continuity-extension-at-arizona-project.html
https://www.mining-journal.com/resource-definition/news/1360452/copperstone-expansion-results-give-kerr-confidence
https://www.kitco.com/commentaries/2019-04-08/Flat-U-S-Equities-And-Dollar-Weakness-Are-Supportive-Of-Gold-Prices.html
http://sprott.com/investment-strategies/physical-bullion-trusts/gold/
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
Copperstone expansion results give Kerr confidence
Kerr Mines (TSX: KER) says initial results from a 10,000m underground resource expansion drilling programme are supporting its confidence to be able to extend the mine life at its Copperstone project in Arizona.
https://www.mining-journal.com/resource-definition/news/1360452/copperstone-expansion-results-give-kerr-confidence
https://kerrmines.com/
http://www.sprott.com/
https://www.google.com/amp/s/amp.theguardian.com/world/2019/apr/08/barnier-eu-support-backstop-ireland-no-deal-brexit
”... Copperstone expansion results give Kerr confidence
Kerr Mines (TSX: KER) says initial results from a 10,000m underground resource expansion drilling programme are supporting its confidence to be able to extend the mine life at its Copperstone project in Arizona.
https://www.mining-journal.com/resource-definition/news/1360452/copperstone-expansion-results-give-kerr-confidence
https://www.bbc.com/news/world-europe-47847700
https://www.sprottmoney.com/
http://sprott.com/investment-strategies/physical-bullion-trusts/
https://www.kitco.com/news/2019-04-08/Gold-Silver-Prices-Up-But-Off-Daily-Highs.html
”... Copperstone expansion results give Kerr confidence
Kerr Mines (TSX: KER) says initial results from a 10,000m underground resource expansion drilling programme are supporting its confidence to be able to extend the mine life at its Copperstone project in Arizona.
https://www.mining-journal.com/resource-definition/news/1360452/copperstone-expansion-results-give-kerr-confidence
http://www.sprott.com/
https://www.google.com/amp/s/amp.theguardian.com/world/2019/apr/08/barnier-eu-support-backstop-ireland-no-deal-brexit
“... Initial Drill Results Show Mineralization Continuity, Extension at Arizona Project
“...Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release the first drill results from its resource expansion program at Copperstone in Arizona.
"These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone mine," President Martin Kostuik said in the release.
These maiden results from four holes come from a drill program covering 500 meters (500m) of strike length and 200m of elevation, for about 33% of the existing resource strike length.
Generally, the results "established continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip," the release noted.
Specifically, highlight drill hole 18-08A-02 intersected 12.2m at 11.7 grams per ton (11.7 g/t) gold (Au), including 3m of 38.3 g/t Au. This suggests the zone is of a higher grade and is thicker than expected, having a mining width of 17.7m.
Other assays included 6.1m at 5.8 g/t Au from hole 18-05A-01, 4.6m at 9.8 g/t Au from hole 18-05A-06 and 4.6m at 18.3 g/t Au from hole 18-08A-03.
Kerr will release more drill results as they become available.
https://www.streetwisereports.com/article/2019/04/06/initial-drill-results-show-mineralization-continuity-extension-at-arizona-project.html
https://www.kitco.com/news/2019-04-05/Gold-Prices-Pressured-By-Decent-U-S-Jobs-Report-Rally-in-Equities.html
https://www.thenewswire.com/archives?id=1k49FDnYp
https://www.bbc.com/news/uk-politics-47842572
“... Initial Drill Results Show Mineralization Continuity, Extension at Arizona Project
“...Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release the first drill results from its resource expansion program at Copperstone in Arizona.
"These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone mine," President Martin Kostuik said in the release.
These maiden results from four holes come from a drill program covering 500 meters (500m) of strike length and 200m of elevation, for about 33% of the existing resource strike length.
Generally, the results "established continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip," the release noted.
Specifically, highlight drill hole 18-08A-02 intersected 12.2m at 11.7 grams per ton (11.7 g/t) gold (Au), including 3m of 38.3 g/t Au. This suggests the zone is of a higher grade and is thicker than expected, having a mining width of 17.7m.
Other assays included 6.1m at 5.8 g/t Au from hole 18-05A-01, 4.6m at 9.8 g/t Au from hole 18-05A-06 and 4.6m at 18.3 g/t Au from hole 18-08A-03.
Kerr will release more drill results as they become available.
https://www.streetwisereports.com/article/2019/04/06/initial-drill-results-show-mineralization-continuity-extension-at-arizona-project.html
https://www.kitco.com/news/2019-04-05/Gold-Prices-Pressured-By-Decent-U-S-Jobs-Report-Rally-in-Equities.html
https://www.thenewswire.com/archives?id=1k49FDnYp
https://www.bbc.com/news/uk-politics-47842572
“... Initial Drill Results Show Mineralization Continuity, Extension at Arizona Project
“...Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release the first drill results from its resource expansion program at Copperstone in Arizona.
"These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone mine," President Martin Kostuik said in the release.
These maiden results from four holes come from a drill program covering 500 meters (500m) of strike length and 200m of elevation, for about 33% of the existing resource strike length.
Generally, the results "established continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip," the release noted.
Specifically, highlight drill hole 18-08A-02 intersected 12.2m at 11.7 grams per ton (11.7 g/t) gold (Au), including 3m of 38.3 g/t Au. This suggests the zone is of a higher grade and is thicker than expected, having a mining width of 17.7m.
Other assays included 6.1m at 5.8 g/t Au from hole 18-05A-01, 4.6m at 9.8 g/t Au from hole 18-05A-06 and 4.6m at 18.3 g/t Au from hole 18-08A-03.
Kerr will release more drill results as they become available.
https://www.streetwisereports.com/article/2019/04/06/initial-drill-results-show-mineralization-continuity-extension-at-arizona-project.html
https://www.kitco.com/news/2019-04-05/Gold-Prices-Pressured-By-Decent-U-S-Jobs-Report-Rally-in-Equities.html
https://www.thenewswire.com/archives?id=1k49FDnYp
https://www.bbc.com/news/uk-politics-47842572
“... Initial Drill Results Show Mineralization Continuity, Extension at Arizona Project
“...Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release the first drill results from its resource expansion program at Copperstone in Arizona.
"These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone mine," President Martin Kostuik said in the release.
These maiden results from four holes come from a drill program covering 500 meters (500m) of strike length and 200m of elevation, for about 33% of the existing resource strike length.
Generally, the results "established continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip," the release noted.
Specifically, highlight drill hole 18-08A-02 intersected 12.2m at 11.7 grams per ton (11.7 g/t) gold (Au), including 3m of 38.3 g/t Au. This suggests the zone is of a higher grade and is thicker than expected, having a mining width of 17.7m.
Other assays included 6.1m at 5.8 g/t Au from hole 18-05A-01, 4.6m at 9.8 g/t Au from hole 18-05A-06 and 4.6m at 18.3 g/t Au from hole 18-08A-03.
Kerr will release more drill results as they become available.
https://www.streetwisereports.com/article/2019/04/06/initial-drill-results-show-mineralization-continuity-extension-at-arizona-project.html
https://www.kitco.com/news/2019-04-05/Gold-Prices-Pressured-By-Decent-U-S-Jobs-Report-Rally-in-Equities.html
https://www.thenewswire.com/archives?id=1k49FDnYp
https://www.bbc.com/news/uk-politics-47842572
Name Symbol Market Market Name
KERR MINES INC. 7AZ1:FF FF Frankfurt
KERR MINES INC. 7AZ1:TG TG Tradegate
Kerr Mines Inc KERMF OTCQB OTCQB - U.S. Registered
Kerr Mines Inc - Ordinary Shares 0V2X:LN LSEI London Stock Exchange International
Kerr Mines Inc. KER:APH ALPHA Alpha
Kerr Mines Inc. KER:AQL AQL Aequitas - Lit
Kerr Mines Inc. KER:AQN AQN Aequitas - Neo
Kerr Mines Inc. KER:CC TSXC CDN Consolidated
Kerr Mines Inc. KER:PUR PURE Canadian Securities Exchange (PURE)
Kerr Mines Inc. KER:CX2 CX2 Nasdaq CX2
Kerr Mines Inc. KER:CHI CHIX Nasdaq CXC
Kerr Mines Inc. KER:ICX ICX. Instinet Canada Cross
Kerr Mines Inc. KER:LQN LQN Liquidnet Canada
Kerr Mines Inc. KER:LYX LYNX Lynx
Kerr Mines Inc. KER:OMG OMEGA Omega
Kerr Mines Inc. KER:TCM TCM TriAct Canada
Kerr Mines Inc. KER:CA TSX Toronto Stock Exchange
https://www.quotemedia.com/portal/quote?qm_symbol=KER
Well you would not bother listing Kerr Mines on all of these exchanges unless... $$$ imho
https://kerrmines.com/
http://www.sprott.com/
http://www.sprott.com/precious-metals-watch/
http://sprott.com/investment-strategies/physical-bullion-trusts/
On a separate note, “...The best Brexit is still no Brexit
Prime Minister Theresa May's new strategy isn't much better than her old one..”
“...U.K. Prime Minister Theresa May this week stopped trying to get her fellow Tories to back her plan for quitting the European Union, and asked the opposition Labour Party to come to her aid. Could this be that most elusive of Brexit developments: progress?
Not exactly. For many reasons – politics, self-interest, the fundamentally incoherent task at hand – May and Labour leader Jeremy Corbyn are unlikely to hash out a workable agreement about how Britain should exit the EU. If they fail, May says she’ll let Parliament settle the matter by voting on various options, through a yet-to-be-determined process.
It’s hard to imagine a breakthrough there, as well. Lawmakers have spent recent days rejecting just about every theoretical variant of Brexit. May’s plan has been voted down three times since January. Even the least-unpopular alternatives – such as adding a permanent customs union to the political declaration attached to May’s withdrawal agreement – would require a steady cross-party alliance, which on current trends looks implausible.
And the underlying problems haven’t gone away. Although the public voted for Brexit in the abstract, all specific versions of it find little support. That’s because they all would, to varying degrees, reduce growth, harm businesses, diminish Britain’s standing in the world and quite possibly impinge on its sovereignty by binding it to EU rules it will no longer have a say over. As ever in this misadventure, the choices are between bad and worse.
Even so, what should happen now isn’t in doubt: The government should seek a long extension of the Article 50 process that underpins Brexit, and plan for a second referendum – with Remain as an option on the ballot, alongside whatever deal May or her successor manages to devise. Britain’s citizens deserve a chance to decide whether the Brexit on offer bears any resemblance to what they thought they were voting for in 2016, and should be given the opportunity to think again.
Granted, further delay and indecision will be costly. The chaos of the past few years in British politics has already done great harm. Investment has declined for four straight quarters. Confidence is plummeting. Manufacturers have been stockpiling at a record rate, incurring needless expense and limiting future growth. By several estimates, Brexit has already reduced GDP by at least 2 percent. Meanwhile, other public business has all but come to a halt....”
https://www.pressherald.com/2019/04/06/another-view-the-best-brexit-is-still-no-brexit/
Name Symbol Market Market Name
KERR MINES INC. 7AZ1:FF FF Frankfurt
KERR MINES INC. 7AZ1:TG TG Tradegate
Kerr Mines Inc KERMF OTCQB OTCQB - U.S. Registered
Kerr Mines Inc - Ordinary Shares 0V2X:LN LSEI London Stock Exchange International
Kerr Mines Inc. KER:APH ALPHA Alpha
Kerr Mines Inc. KER:AQL AQL Aequitas - Lit
Kerr Mines Inc. KER:AQN AQN Aequitas - Neo
Kerr Mines Inc. KER:CC TSXC CDN Consolidated
Kerr Mines Inc. KER:PUR PURE Canadian Securities Exchange (PURE)
Kerr Mines Inc. KER:CX2 CX2 Nasdaq CX2
Kerr Mines Inc. KER:CHI CHIX Nasdaq CXC
Kerr Mines Inc. KER:ICX ICX. Instinet Canada Cross
Kerr Mines Inc. KER:LQN LQN Liquidnet Canada
Kerr Mines Inc. KER:LYX LYNX Lynx
Kerr Mines Inc. KER:OMG OMEGA Omega
Kerr Mines Inc. KER:TCM TCM TriAct Canada
Kerr Mines Inc. KER:CA TSX Toronto Stock Exchange
https://www.quotemedia.com/portal/quote?qm_symbol=KER
Well you would not bother listing Kerr Mines on all of these exchanges unless... $$$ imho
https://kerrmines.com/
http://www.sprott.com/
http://www.sprott.com/precious-metals-watch/
http://sprott.com/investment-strategies/physical-bullion-trusts/
On a separate note, “...The best Brexit is still no Brexit
Prime Minister Theresa May's new strategy isn't much better than her old one..”
“...U.K. Prime Minister Theresa May this week stopped trying to get her fellow Tories to back her plan for quitting the European Union, and asked the opposition Labour Party to come to her aid. Could this be that most elusive of Brexit developments: progress?
Not exactly. For many reasons – politics, self-interest, the fundamentally incoherent task at hand – May and Labour leader Jeremy Corbyn are unlikely to hash out a workable agreement about how Britain should exit the EU. If they fail, May says she’ll let Parliament settle the matter by voting on various options, through a yet-to-be-determined process.
It’s hard to imagine a breakthrough there, as well. Lawmakers have spent recent days rejecting just about every theoretical variant of Brexit. May’s plan has been voted down three times since January. Even the least-unpopular alternatives – such as adding a permanent customs union to the political declaration attached to May’s withdrawal agreement – would require a steady cross-party alliance, which on current trends looks implausible.
And the underlying problems haven’t gone away. Although the public voted for Brexit in the abstract, all specific versions of it find little support. That’s because they all would, to varying degrees, reduce growth, harm businesses, diminish Britain’s standing in the world and quite possibly impinge on its sovereignty by binding it to EU rules it will no longer have a say over. As ever in this misadventure, the choices are between bad and worse.
Even so, what should happen now isn’t in doubt: The government should seek a long extension of the Article 50 process that underpins Brexit, and plan for a second referendum – with Remain as an option on the ballot, alongside whatever deal May or her successor manages to devise. Britain’s citizens deserve a chance to decide whether the Brexit on offer bears any resemblance to what they thought they were voting for in 2016, and should be given the opportunity to think again.
Granted, further delay and indecision will be costly. The chaos of the past few years in British politics has already done great harm. Investment has declined for four straight quarters. Confidence is plummeting. Manufacturers have been stockpiling at a record rate, incurring needless expense and limiting future growth. By several estimates, Brexit has already reduced GDP by at least 2 percent. Meanwhile, other public business has all but come to a halt....”
https://www.pressherald.com/2019/04/06/another-view-the-best-brexit-is-still-no-brexit/
“...Trump Picks Gold Standard Advocate Herman Cain For Federal Reserve Board
(Kitco News) - U.S. President Donald Trump is planning to nominate Herman Cain, former Republican presidential candidate and a long-standing gold bug, for a seat on the Federal Reserve Board, according to media reports. BTW, I love the idea of Herman Cain being nominated for...
https://www.kitco.com/news/2019-04-04/Trump-Picks-Gold-Standard-Advocate-Herman-Cain-For-Federal-Reserve-Board.html?_ga=2.12083895.242814415.1554323333-1943498723.1554323333
Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
https://www.nasdaq.com/press-release/kerr-mines--drills-122-meters-of-117-gt-gold-at-copperstone-20190404-00195
The drill results are amazing for a first batch so load up the back of your pick-up truck with these KERR shares before the Golden KERR train leaves the Copperstone station in the heart of Arizona ...
http://www.sprott.com/
https://www.nytimes.com/2019/04/04/world/europe/brexit-extension.html
https://www.theguardian.com/politics/blog/live/2019/apr/05/brexit-latest-news-developments-live-theresa-may-writes-to-eu-requesting-another-article-50-extension-but-only-until-30-june-live-news
Brexit: UK asks EU for further extension until 30 June
https://www.bbc.com/news/uk-politics-47825841
“...Trump Picks Gold Standard Advocate Herman Cain For Federal Reserve Board
(Kitco News) - U.S. President Donald Trump is planning to nominate Herman Cain, former Republican presidential candidate and a long-standing gold bug, for a seat on the Federal Reserve Board, according to media reports. BTW, I love the idea of Herman Cain being nominated for...
https://www.kitco.com/news/2019-04-04/Trump-Picks-Gold-Standard-Advocate-Herman-Cain-For-Federal-Reserve-Board.html?_ga=2.12083895.242814415.1554323333-1943498723.1554323333
Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
https://www.nasdaq.com/press-release/kerr-mines--drills-122-meters-of-117-gt-gold-at-copperstone-20190404-00195
The drill results are amazing for a first batch so load up the back of your pick-up truck with these KERR shares before the Golden KERR train leaves the Copperstone station in the heart of Arizona ...
http://www.sprott.com/
https://www.nytimes.com/2019/04/04/world/europe/brexit-extension.html
https://www.theguardian.com/politics/blog/live/2019/apr/05/brexit-latest-news-developments-live-theresa-may-writes-to-eu-requesting-another-article-50-extension-but-only-until-30-june-live-news
Brexit: UK asks EU for further extension until 30 June
https://www.bbc.com/news/uk-politics-47825841
“...Trump Picks Gold Standard Advocate Herman Cain For Federal Reserve Board
(Kitco News) - U.S. President Donald Trump is planning to nominate Herman Cain, former Republican presidential candidate and a long-standing gold bug, for a seat on the Federal Reserve Board, according to media reports. BTW, I love the idea of Herman Cain being nominated for...
https://www.kitco.com/news/2019-04-04/Trump-Picks-Gold-Standard-Advocate-Herman-Cain-For-Federal-Reserve-Board.html?_ga=2.12083895.242814415.1554323333-1943498723.1554323333
Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
https://www.nasdaq.com/press-release/kerr-mines--drills-122-meters-of-117-gt-gold-at-copperstone-20190404-00195
The drill results are amazing for a first batch so load up the back of your pick-up truck with these KERR shares before the Golden KERR train leaves the Copperstone station in the heart of Arizona ...
http://www.sprott.com/
https://www.nytimes.com/2019/04/04/world/europe/brexit-extension.html
https://www.theguardian.com/politics/blog/live/2019/apr/05/brexit-latest-news-developments-live-theresa-may-writes-to-eu-requesting-another-article-50-extension-but-only-until-30-june-live-news
Brexit: UK asks EU for further extension until 30 June
https://www.bbc.com/news/uk-politics-47825841
“...Trump Picks Gold Standard Advocate Herman Cain For Federal Reserve Board
(Kitco News) - U.S. President Donald Trump is planning to nominate Herman Cain, former Republican presidential candidate and a long-standing gold bug, for a seat on the Federal Reserve Board, according to media reports. BTW, I love the idea of Herman Cain being nominated for...
https://www.kitco.com/news/2019-04-04/Trump-Picks-Gold-Standard-Advocate-Herman-Cain-For-Federal-Reserve-Board.html?_ga=2.12083895.242814415.1554323333-1943498723.1554323333
Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
https://www.nasdaq.com/press-release/kerr-mines--drills-122-meters-of-117-gt-gold-at-copperstone-20190404-00195
The drill results are amazing for a first batch so load up the back of your pick-up truck with these KERR shares before the Golden KERR train leaves the Copperstone station in the heart of Arizona ...
http://www.sprott.com/
https://www.nytimes.com/2019/04/04/world/europe/brexit-extension.html
https://www.theguardian.com/politics/blog/live/2019/apr/05/brexit-latest-news-developments-live-theresa-may-writes-to-eu-requesting-another-article-50-extension-but-only-until-30-june-live-news
Brexit: UK asks EU for further extension until 30 June
https://www.bbc.com/news/uk-politics-47825841
Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
https://www.nasdaq.com/press-release/kerr-mines--drills-122-meters-of-117-gt-gold-at-copperstone-20190404-00195
The drill results are amazing for a first batch so load up the back of your pick-up truck with these KERR shares before the Golden KERR train leaves the Copperstone station in the heart of Arizona ...
http://www.sprott.com/
https://www.nytimes.com/2019/04/04/world/europe/brexit-extension.html
https://www.theguardian.com/politics/blog/live/2019/apr/05/brexit-latest-news-developments-live-theresa-may-writes-to-eu-requesting-another-article-50-extension-but-only-until-30-june-live-news
Brexit: UK asks EU for further extension until 30 June
https://www.bbc.com/news/uk-politics-47825841
Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
https://www.juniorminingnetwork.com/junior-miner-news.html
https://kerrmines.com/
https://www.google.com/amp/s/www.washingtonpost.com/amphtml/world/europe/eu-cannot-rule-out-irish-border-points-in-no-deal-brexit/2019/04/04/2b5e9ee6-56e1-11e9-aa83-504f086bf5d6_story.html
Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
https://www.juniorminingnetwork.com/junior-miner-news.html
https://kerrmines.com/
https://www.google.com/amp/s/www.washingtonpost.com/amphtml/world/europe/eu-cannot-rule-out-irish-border-points-in-no-deal-brexit/2019/04/04/2b5e9ee6-56e1-11e9-aa83-504f086bf5d6_story.html
GoForTheBet, what do you think of “...Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
TORONTO, April 04, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce initial drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.
2019 Resource Expansion Highlights:
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;
Additional intervals include 6.1 meters @ 5.8 g/t Au (18-05A-01); 4.6 meters @ 9.8 g/t Au (18-05A-06) and 4.6 meters @ 18.3 g/t Au (18-08A-03);
Established 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 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study (PFS).
The objective of the underground resource expansion program is to increase mine life by adding new 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; and,
Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C areas of the Copperstone zone.
“We are extremely pleased with the initial drilling results and performance of the program in its early stages and look forward to communicating results as they become available. These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone Mine,” stated Martin Kostuik, President.
Hole ID From To Interval
Length Gold* True
Thickness** Effective Mining
Width***
meter meter meter gram/tonne meter meter
18-05A-01 16.8 24.4 7.6 5.15 4.6 8.2
includes 16.8 22.9 6.1 5.77 3.7 6.1
includes 16.8 18.3 1.5 12.85 0.9 1.5
18-05A-06 36.6 44.2 7.6 7.71 4.9 8.2
includes 39.6 44.2 4.6 9.84 2.7 4.9
18-08A-02 12.2 24.4 12.2 11.70 10.1 17.7
includes 18.3 24.4 6.1 20.67 5.2 8.8
includes 21.3 24.4 3.0 38.25 2.4 4.6
18-08A-03 10.7 27.4 16.8 8.25 16.2 28.3
includes 22.9 27.4 4.6 18.25 4.6 7.6
* 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.
18-05A-01: Azimuth 245, inclination 0, total length 64 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercepted thickness of the resource domain is wider than had been anticipated by the existing model, having a true thickness of approximately 6 meters. This intercept is 16 meters up-dip from the edge of the nearest engineered mining stope and may allow the stopes to be extended up-dip.
18-05A-06: Azimuth 235, inclination 0, total length 70 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept length approximates true thickness and is approximately what had been previously modelled, while the grade of this intercept exceeds what had been predicted in the existing model. Similar to hole 18-05A-01, this intercept is approximately 16 meters up-dip from the upper edge of engineered mining stopes in the resource domain and may allow the stopes to be extended up-dip.
18-08A-02: Azimuth 245, inclination -20, total length 40 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept length approximates the true thickness of the domain and shows it to be twice the anticipated thickness at this location and also of higher grade than anticipated. This intercept is 40 meters up-dip from the upper edge of engineered mining stopes of the resource domain and may allow the stopes to be extended up-dip.
18-08A-03: Azimuth 245, inclination -40, total length 43 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept approximates the true thickness of the zone and is of approximately the expected thickness and is of higher than anticipated gold grade. This intercept demonstrates opportunity to convert domain resources 30 meters up-dip from the upper edge of engineered mining stopes and may allow the stopes to be extended up-dip.
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.
Future drilling programs, with the objective of further mine life extension, will target areas beyond the current 2019 Phase II affected area of 500 meters of strike length. The ultimate goal would be the addition of resources along all sections encompassing the entire current resource strike length of over 1,500 meters.
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.
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:
Claudio Ciavarella
Chief Executive Officer
cciavarella@kerrmines.com
416-855-9305
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.
https://www.globenewswire.com/news-release/2019/04/04/1796897/0/en/Kerr-Mines-Drills-12-2-Meters-of-11-7-g-t-Gold-at-Copperstone.html
Hi NYBob, Finally “...Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
TORONTO, April 04, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce initial drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.
2019 Resource Expansion Highlights:
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;
Additional intervals include 6.1 meters @ 5.8 g/t Au (18-05A-01); 4.6 meters @ 9.8 g/t Au (18-05A-06) and 4.6 meters @ 18.3 g/t Au (18-08A-03);
Established 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 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study (PFS).
The objective of the underground resource expansion program is to increase mine life by adding new 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; and,
Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C areas of the Copperstone zone.
“We are extremely pleased with the initial drilling results and performance of the program in its early stages and look forward to communicating results as they become available. These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone Mine,” stated Martin Kostuik, President.
Hole ID From To Interval
Length Gold* True
Thickness** Effective Mining
Width***
meter meter meter gram/tonne meter meter
18-05A-01 16.8 24.4 7.6 5.15 4.6 8.2
includes 16.8 22.9 6.1 5.77 3.7 6.1
includes 16.8 18.3 1.5 12.85 0.9 1.5
18-05A-06 36.6 44.2 7.6 7.71 4.9 8.2
includes 39.6 44.2 4.6 9.84 2.7 4.9
18-08A-02 12.2 24.4 12.2 11.70 10.1 17.7
includes 18.3 24.4 6.1 20.67 5.2 8.8
includes 21.3 24.4 3.0 38.25 2.4 4.6
18-08A-03 10.7 27.4 16.8 8.25 16.2 28.3
includes 22.9 27.4 4.6 18.25 4.6 7.6
* 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.
18-05A-01: Azimuth 245, inclination 0, total length 64 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercepted thickness of the resource domain is wider than had been anticipated by the existing model, having a true thickness of approximately 6 meters. This intercept is 16 meters up-dip from the edge of the nearest engineered mining stope and may allow the stopes to be extended up-dip.
18-05A-06: Azimuth 235, inclination 0, total length 70 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept length approximates true thickness and is approximately what had been previously modelled, while the grade of this intercept exceeds what had been predicted in the existing model. Similar to hole 18-05A-01, this intercept is approximately 16 meters up-dip from the upper edge of engineered mining stopes in the resource domain and may allow the stopes to be extended up-dip.
18-08A-02: Azimuth 245, inclination -20, total length 40 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept length approximates the true thickness of the domain and shows it to be twice the anticipated thickness at this location and also of higher grade than anticipated. This intercept is 40 meters up-dip from the upper edge of engineered mining stopes of the resource domain and may allow the stopes to be extended up-dip.
18-08A-03: Azimuth 245, inclination -40, total length 43 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept approximates the true thickness of the zone and is of approximately the expected thickness and is of higher than anticipated gold grade. This intercept demonstrates opportunity to convert domain resources 30 meters up-dip from the upper edge of engineered mining stopes and may allow the stopes to be extended up-dip.
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.
Future drilling programs, with the objective of further mine life extension, will target areas beyond the current 2019 Phase II affected area of 500 meters of strike length. The ultimate goal would be the addition of resources along all sections encompassing the entire current resource strike length of over 1,500 meters.
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.
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:
Claudio Ciavarella
Chief Executive Officer
cciavarella@kerrmines.com
416-855-9305
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.
https://www.globenewswire.com/news-release/2019/04/04/1796897/0/en/Kerr-Mines-Drills-12-2-Meters-of-11-7-g-t-Gold-at-Copperstone.html
“...Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
TORONTO, April 04, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce initial drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.
2019 Resource Expansion Highlights:
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;
Additional intervals include 6.1 meters @ 5.8 g/t Au (18-05A-01); 4.6 meters @ 9.8 g/t Au (18-05A-06) and 4.6 meters @ 18.3 g/t Au (18-08A-03);
Established 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 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study (PFS).
The objective of the underground resource expansion program is to increase mine life by adding new 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; and,
Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C areas of the Copperstone zone.
“We are extremely pleased with the initial drilling results and performance of the program in its early stages and look forward to communicating results as they become available. These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone Mine,” stated Martin Kostuik, President.
Hole ID From To Interval
Length Gold* True
Thickness** Effective Mining
Width***
meter meter meter gram/tonne meter meter
18-05A-01 16.8 24.4 7.6 5.15 4.6 8.2
includes 16.8 22.9 6.1 5.77 3.7 6.1
includes 16.8 18.3 1.5 12.85 0.9 1.5
18-05A-06 36.6 44.2 7.6 7.71 4.9 8.2
includes 39.6 44.2 4.6 9.84 2.7 4.9
18-08A-02 12.2 24.4 12.2 11.70 10.1 17.7
includes 18.3 24.4 6.1 20.67 5.2 8.8
includes 21.3 24.4 3.0 38.25 2.4 4.6
18-08A-03 10.7 27.4 16.8 8.25 16.2 28.3
includes 22.9 27.4 4.6 18.25 4.6 7.6
* 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.
18-05A-01: Azimuth 245, inclination 0, total length 64 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercepted thickness of the resource domain is wider than had been anticipated by the existing model, having a true thickness of approximately 6 meters. This intercept is 16 meters up-dip from the edge of the nearest engineered mining stope and may allow the stopes to be extended up-dip.
18-05A-06: Azimuth 235, inclination 0, total length 70 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept length approximates true thickness and is approximately what had been previously modelled, while the grade of this intercept exceeds what had been predicted in the existing model. Similar to hole 18-05A-01, this intercept is approximately 16 meters up-dip from the upper edge of engineered mining stopes in the resource domain and may allow the stopes to be extended up-dip.
18-08A-02: Azimuth 245, inclination -20, total length 40 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept length approximates the true thickness of the domain and shows it to be twice the anticipated thickness at this location and also of higher grade than anticipated. This intercept is 40 meters up-dip from the upper edge of engineered mining stopes of the resource domain and may allow the stopes to be extended up-dip.
18-08A-03: Azimuth 245, inclination -40, total length 43 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept approximates the true thickness of the zone and is of approximately the expected thickness and is of higher than anticipated gold grade. This intercept demonstrates opportunity to convert domain resources 30 meters up-dip from the upper edge of engineered mining stopes and may allow the stopes to be extended up-dip.
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.
Future drilling programs, with the objective of further mine life extension, will target areas beyond the current 2019 Phase II affected area of 500 meters of strike length. The ultimate goal would be the addition of resources along all sections encompassing the entire current resource strike length of over 1,500 meters.
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.
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:
Claudio Ciavarella
Chief Executive Officer
cciavarella@kerrmines.com
416-855-9305
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.
https://www.globenewswire.com/news-release/2019/04/04/1796897/0/en/Kerr-Mines-Drills-12-2-Meters-of-11-7-g-t-Gold-at-Copperstone.html
“...Kerr Mines Drills 12.2 Meters of 11.7 g/t Gold at Copperstone
TORONTO, April 04, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce initial drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.
2019 Resource Expansion Highlights:
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;
Additional intervals include 6.1 meters @ 5.8 g/t Au (18-05A-01); 4.6 meters @ 9.8 g/t Au (18-05A-06) and 4.6 meters @ 18.3 g/t Au (18-08A-03);
Established 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 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study (PFS).
The objective of the underground resource expansion program is to increase mine life by adding new 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; and,
Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C areas of the Copperstone zone.
“We are extremely pleased with the initial drilling results and performance of the program in its early stages and look forward to communicating results as they become available. These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone Mine,” stated Martin Kostuik, President.
Hole ID From To Interval
Length Gold* True
Thickness** Effective Mining
Width***
meter meter meter gram/tonne meter meter
18-05A-01 16.8 24.4 7.6 5.15 4.6 8.2
includes 16.8 22.9 6.1 5.77 3.7 6.1
includes 16.8 18.3 1.5 12.85 0.9 1.5
18-05A-06 36.6 44.2 7.6 7.71 4.9 8.2
includes 39.6 44.2 4.6 9.84 2.7 4.9
18-08A-02 12.2 24.4 12.2 11.70 10.1 17.7
includes 18.3 24.4 6.1 20.67 5.2 8.8
includes 21.3 24.4 3.0 38.25 2.4 4.6
18-08A-03 10.7 27.4 16.8 8.25 16.2 28.3
includes 22.9 27.4 4.6 18.25 4.6 7.6
* 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.
18-05A-01: Azimuth 245, inclination 0, total length 64 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercepted thickness of the resource domain is wider than had been anticipated by the existing model, having a true thickness of approximately 6 meters. This intercept is 16 meters up-dip from the edge of the nearest engineered mining stope and may allow the stopes to be extended up-dip.
18-05A-06: Azimuth 235, inclination 0, total length 70 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept length approximates true thickness and is approximately what had been previously modelled, while the grade of this intercept exceeds what had been predicted in the existing model. Similar to hole 18-05A-01, this intercept is approximately 16 meters up-dip from the upper edge of engineered mining stopes in the resource domain and may allow the stopes to be extended up-dip.
18-08A-02: Azimuth 245, inclination -20, total length 40 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept length approximates the true thickness of the domain and shows it to be twice the anticipated thickness at this location and also of higher grade than anticipated. This intercept is 40 meters up-dip from the upper edge of engineered mining stopes of the resource domain and may allow the stopes to be extended up-dip.
18-08A-03: Azimuth 245, inclination -40, total length 43 meters. This hole demonstrates opportunity to convert Inferred resource in the resource domain to Measured or Indicated resource. The intercept approximates the true thickness of the zone and is of approximately the expected thickness and is of higher than anticipated gold grade. This intercept demonstrates opportunity to convert domain resources 30 meters up-dip from the upper edge of engineered mining stopes and may allow the stopes to be extended up-dip.
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.
Future drilling programs, with the objective of further mine life extension, will target areas beyond the current 2019 Phase II affected area of 500 meters of strike length. The ultimate goal would be the addition of resources along all sections encompassing the entire current resource strike length of over 1,500 meters.
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.
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:
Claudio Ciavarella
Chief Executive Officer
cciavarella@kerrmines.com
416-855-9305
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.
https://www.globenewswire.com/news-release/2019/04/04/1796897/0/en/Kerr-Mines-Drills-12-2-Meters-of-11-7-g-t-Gold-at-Copperstone.html
Major Drilling gets Kerr resource expansion underground drilling contract at Copperstone gold mine
Kerr Mines Inc has announced that the Phase II Resource Expansion Program will begin mid- January 2019 at the Copperstone Mine located in Arizona, USA. In addition, Kerr is progressing with environmental and operating permit modifications and continuing with advanced metallurgical testwork. Major Drilling Group International has been awarded the contract and is preparing to commence with drilling.
https://www.majordrilling.com/
A 15,000 m underground resource expansion program will culminate in Q3 2019 with an updated Resource Statement and Reserve Study intended to increase the 38,000 gold ounce per annum mine life by 3-4 years to a total of 8 years. Phase II Resource Expansion Program consists of exploration drilling with the purpose of adding new resources and in-fill drilling for the purposes of converting existing resources to higher classification and potential inclusion into reserves. Existing operating permit modifications are well underway and are expected to be received by end of Q1 2019. All remaining permits required for mine operations and gold production are in place and do not require modification. Metallurgical testing to provide information for detailed gold processing plant design is expected to be complete during Q1 2019. Additional metallurgical testwork to provide the information needed for the potential monetisation of copper as a by-product revenue stream.
The 15,000 m resource expansion program will be stationed from the 4 km of existing underground access and focused primarily on the C & D Zones of the Copperstone Zone. The objective of the resource expansion program is to increase reserves and increase mine life by 3-4 years to a total of 8 years. As such, the focus will be on targeting areas of Measured and Indicated that are not already included in Proven and Probable reserves as well as converting Inferred tons to Measured and Indicated classification. In addition, the program will target areas along strike and down dip with the intent of growing the existing Inferred ore tonnes and ounces of gold. Any newly identified Inferred will then be available for conversion into higher classifications with future drilling. The program will be executed by Major, a multinational provider of drilling services with a strong record of safety and performance.
Certain existing permits require minor modification in order to facilitate changes in key attributes of the project as it progresses to gold production. Among the changes are higher throughput of 600 ore tonnes per day and the use of a whole ore leaching process for recovery of the gold ore. State of Arizona environmental permits governing air and water and the Federal operating permit are slated to be received by the end of Q1 2019. The approval of these changes indicate a benefit to the mine economics because of the increased throughput and the higher recoveries allowed by leaching as discovered in the 2018 43-101 engineering study, 600 ore tonnes per day and 95% average gold recoveries with no concentrate charges.
The primary purpose is to validate prior results of average 95% recovery of gold and to refine reagent consumption and leach times. The results of these tests will be for final detailed plant design. The secondary purpose is to perform testing to evaluate the economic viability of incorporating a Sulphidisation-Acidification-Recycle-Thickening (SART) circuit to the planned mineral processing plant. A SART circuit can reduce operating costs by reducing reagent consumption and add revenue from the recovery of copper from the gold ore.
“We are looking forward to this underground drilling program and subsequent update of Resources and Reserves. The company will release drill results once adequate drilling has been completed” said Martin Kostuik, President. “Other catalysts for the Copperstone Mine such as the receipt of the permit modifications and the conclusion of our detailed metallurgical testing are significant milestones for the first part of this year.”
https://im-mining.com/2019/01/08/major-drilling-gets-kerr-resource-expansion-underground-drilling-contract-copperstone-gold-mine/
Waiting for the results from Major Drilling is .... Glad I visited their booth at PDAC 2019
https://www.majordrilling.com/media/ I am thinking late in Q3 ?
Major Drilling gets Kerr resource expansion underground drilling contract at Copperstone gold mine
Kerr Mines Inc has announced that the Phase II Resource Expansion Program will begin mid- January 2019 at the Copperstone Mine located in Arizona, USA. In addition, Kerr is progressing with environmental and operating permit modifications and continuing with advanced metallurgical testwork. Major Drilling Group International has been awarded the contract and is preparing to commence with drilling.
https://www.majordrilling.com/
A 15,000 m underground resource expansion program will culminate in Q3 2019 with an updated Resource Statement and Reserve Study intended to increase the 38,000 gold ounce per annum mine life by 3-4 years to a total of 8 years. Phase II Resource Expansion Program consists of exploration drilling with the purpose of adding new resources and in-fill drilling for the purposes of converting existing resources to higher classification and potential inclusion into reserves. Existing operating permit modifications are well underway and are expected to be received by end of Q1 2019. All remaining permits required for mine operations and gold production are in place and do not require modification. Metallurgical testing to provide information for detailed gold processing plant design is expected to be complete during Q1 2019. Additional metallurgical testwork to provide the information needed for the potential monetisation of copper as a by-product revenue stream.
The 15,000 m resource expansion program will be stationed from the 4 km of existing underground access and focused primarily on the C & D Zones of the Copperstone Zone. The objective of the resource expansion program is to increase reserves and increase mine life by 3-4 years to a total of 8 years. As such, the focus will be on targeting areas of Measured and Indicated that are not already included in Proven and Probable reserves as well as converting Inferred tons to Measured and Indicated classification. In addition, the program will target areas along strike and down dip with the intent of growing the existing Inferred ore tonnes and ounces of gold. Any newly identified Inferred will then be available for conversion into higher classifications with future drilling. The program will be executed by Major, a multinational provider of drilling services with a strong record of safety and performance.
Certain existing permits require minor modification in order to facilitate changes in key attributes of the project as it progresses to gold production. Among the changes are higher throughput of 600 ore tonnes per day and the use of a whole ore leaching process for recovery of the gold ore. State of Arizona environmental permits governing air and water and the Federal operating permit are slated to be received by the end of Q1 2019. The approval of these changes indicate a benefit to the mine economics because of the increased throughput and the higher recoveries allowed by leaching as discovered in the 2018 43-101 engineering study, 600 ore tonnes per day and 95% average gold recoveries with no concentrate charges.
The primary purpose is to validate prior results of average 95% recovery of gold and to refine reagent consumption and leach times. The results of these tests will be for final detailed plant design. The secondary purpose is to perform testing to evaluate the economic viability of incorporating a Sulphidisation-Acidification-Recycle-Thickening (SART) circuit to the planned mineral processing plant. A SART circuit can reduce operating costs by reducing reagent consumption and add revenue from the recovery of copper from the gold ore.
“We are looking forward to this underground drilling program and subsequent update of Resources and Reserves. The company will release drill results once adequate drilling has been completed” said Martin Kostuik, President. “Other catalysts for the Copperstone Mine such as the receipt of the permit modifications and the conclusion of our detailed metallurgical testing are significant milestones for the first part of this year.”
https://im-mining.com/2019/01/08/major-drilling-gets-kerr-resource-expansion-underground-drilling-contract-copperstone-gold-mine/
Waiting for the results from Major Drilling is .... Glad I visited their booth at PDAC 2019
https://www.majordrilling.com/media/ I am thinking late in Q3 ?
Major Drilling gets Kerr resource expansion underground drilling contract at Copperstone gold mine
Kerr Mines Inc has announced that the Phase II Resource Expansion Program will begin mid- January 2019 at the Copperstone Mine located in Arizona, USA. In addition, Kerr is progressing with environmental and operating permit modifications and continuing with advanced metallurgical testwork. Major Drilling Group International has been awarded the contract and is preparing to commence with drilling.
https://www.majordrilling.com/
A 15,000 m underground resource expansion program will culminate in Q3 2019 with an updated Resource Statement and Reserve Study intended to increase the 38,000 gold ounce per annum mine life by 3-4 years to a total of 8 years. Phase II Resource Expansion Program consists of exploration drilling with the purpose of adding new resources and in-fill drilling for the purposes of converting existing resources to higher classification and potential inclusion into reserves. Existing operating permit modifications are well underway and are expected to be received by end of Q1 2019. All remaining permits required for mine operations and gold production are in place and do not require modification. Metallurgical testing to provide information for detailed gold processing plant design is expected to be complete during Q1 2019. Additional metallurgical testwork to provide the information needed for the potential monetisation of copper as a by-product revenue stream.
The 15,000 m resource expansion program will be stationed from the 4 km of existing underground access and focused primarily on the C & D Zones of the Copperstone Zone. The objective of the resource expansion program is to increase reserves and increase mine life by 3-4 years to a total of 8 years. As such, the focus will be on targeting areas of Measured and Indicated that are not already included in Proven and Probable reserves as well as converting Inferred tons to Measured and Indicated classification. In addition, the program will target areas along strike and down dip with the intent of growing the existing Inferred ore tonnes and ounces of gold. Any newly identified Inferred will then be available for conversion into higher classifications with future drilling. The program will be executed by Major, a multinational provider of drilling services with a strong record of safety and performance.
Certain existing permits require minor modification in order to facilitate changes in key attributes of the project as it progresses to gold production. Among the changes are higher throughput of 600 ore tonnes per day and the use of a whole ore leaching process for recovery of the gold ore. State of Arizona environmental permits governing air and water and the Federal operating permit are slated to be received by the end of Q1 2019. The approval of these changes indicate a benefit to the mine economics because of the increased throughput and the higher recoveries allowed by leaching as discovered in the 2018 43-101 engineering study, 600 ore tonnes per day and 95% average gold recoveries with no concentrate charges.
The primary purpose is to validate prior results of average 95% recovery of gold and to refine reagent consumption and leach times. The results of these tests will be for final detailed plant design. The secondary purpose is to perform testing to evaluate the economic viability of incorporating a Sulphidisation-Acidification-Recycle-Thickening (SART) circuit to the planned mineral processing plant. A SART circuit can reduce operating costs by reducing reagent consumption and add revenue from the recovery of copper from the gold ore.
“We are looking forward to this underground drilling program and subsequent update of Resources and Reserves. The company will release drill results once adequate drilling has been completed” said Martin Kostuik, President. “Other catalysts for the Copperstone Mine such as the receipt of the permit modifications and the conclusion of our detailed metallurgical testing are significant milestones for the first part of this year.”
https://im-mining.com/2019/01/08/major-drilling-gets-kerr-resource-expansion-underground-drilling-contract-copperstone-gold-mine/
Waiting for the results from Major Drilling is .... Glad I visited their booth at PDAC 2019
https://www.majordrilling.com/media/ I am thinking late in Q3 ?
Present Resource Expansion Dilling is to be completed at Copperstone in Arizona at the end of June... Kerr needs to rapidly provide these drill results and they need to be positive... and double the mine life to at least eight+ years and the measured and indicated of high grade gold needs to double imho for this stock to actually POP...
If the gold price POPS I am hoping that Kerr will try to move up some of its time-lines which would not be easy... ?
The wait for these Copperstone drill results is becoming quite frustrating but will the wait be worth it?
Personally, I think $$$ or Sprott would DUMP Kerr Mines imho
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-January-2019.pdf
https://www.sprottmoney.com/
http://www.sprott.com/digital-precious-metals/
http://www.sprott.com/
Present Resource Expansion Dilling is to be completed at Copperstone in Arizona at the end of June... Kerr needs to rapidly provide these drill results and they need to be positive... and double the mine life to at least eight+ years and the measured and indicated of high grade gold needs to double imho for this stock to actually POP...
If the gold price POPS I am hoping that Kerr will try to move up some of its time-lines which would not be easy... ?
The wait for these Copperstone drill results is becoming quite frustrating but will the wait be worth it?
Personally, I think $$$ or Sprott would DUMP Kerr Mines imho
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-January-2019.pdf
https://www.sprottmoney.com/
http://www.sprott.com/digital-precious-metals/
http://www.sprott.com/
“Featured Interview: CEO Claudio Ciavarella of Kerr Mines Inc. (OTCQB: KERMF)...”
http://www.sprott.com/investment-strategies/digital-gold/
https://upticknewswire.com/featured-interview-ceo-claudio-ciavarella-of-kerr-mines-inc-otcqb-kermf/
CEO Claudio Ciavarella of Kerr Mines Inc., (OTCQB: KERMF)(TSX: KER) returns to the show to give an update on being a high-grade gold mine in Western Arizona, expanding the mine life, and plans to enter into production by 2020.
https://www.sprottmoney.com/
https://kerrmines.com/
http://m.digitaljournal.com/pr/4203026
“Featured Interview: CEO Claudio Ciavarella of Kerr Mines Inc. (OTCQB: KERMF)...”
http://www.sprott.com/investment-strategies/digital-gold/
https://upticknewswire.com/featured-interview-ceo-claudio-ciavarella-of-kerr-mines-inc-otcqb-kermf/
CEO Claudio Ciavarella of Kerr Mines Inc., (OTCQB: KERMF)(TSX: KER) returns to the show to give an update on being a high-grade gold mine in Western Arizona, expanding the mine life, and plans to enter into production by 2020.
https://www.sprottmoney.com/
https://kerrmines.com/
http://m.digitaljournal.com/pr/4203026
“...UK Gold Price Jumps 2.3% as May's Brexit Deal Set for Final Defeat
https://www.bullionvault.com/gold-news/gold-price-031220192
“Featured Interview: CEO Claudio Ciavarella of Kerr Mines Inc. (OTCQB: KERMF)...”
http://www.sprott.com/investment-strategies/digital-gold/
https://upticknewswire.com/featured-interview-ceo-claudio-ciavarella-of-kerr-mines-inc-otcqb-kermf/
CEO Claudio Ciavarella of Kerr Mines Inc., (OTCQB: KERMF)(TSX: KER) returns to the show to give an update on being a high-grade gold mine in Western Arizona, expanding the mine life, and plans to enter into production by 2020.
https://www.sprottmoney.com/
https://kerrmines.com/
http://m.digitaljournal.com/pr/4203026
“...UK Gold Price Jumps 2.3% as May's Brexit Deal Set for Final Defeat
https://www.bullionvault.com/gold-news/gold-price-031220192
“...The secondary purpose is to perform testing to evaluate the economic viability of incorporating a Sulfidization-Acidification-Recycle-Thickening (“SART”) circuit to the planned mineral processing plant. A SART circuit can reduce operating costs by reducing reagent consumption and add revenue from the recovery of Copper from the gold ore.
“We are looking forward to this underground drilling program and subsequent update of Resources and Reserves. The Company will release drill results once adequate drilling has been completed” said Martin Kostuik, President. “Other catalysts for the Copperstone Mine such as the receipt of the permit modifications and the conclusion of our detailed metallurgical testing are significant milestones for the first part of this year”....”
From what I understood the “SART” looks like it is totally economically viable and what made me extremely pleased is WHEN It was stated that positive positive drill results “should” be released in the NOT too distant future so.... By the summer of 2020 Copperstone should be hopping...
What I really appreciated was how Claudio really focused more on the multimillion au Oz potential to a large crowd of investors, bankers, geologists etc and you could see the varied audience members nodding their heads in amazement imho...
Sincerely,
GPB
Pleased that I made the effort to watch Claudio Ciavarella speak regarding the Copperstone Mine at PDAC earlier today and what struck me during the excellent presentation was not so much the Copperstone MINE as the multimillion au oz potential via the massive footwall parallel zone that is about 15 football fields in length, the southwest highgrade zone and the multiple Blue PEARL golden zones that very much each resemble yet another golden Copperstone Mine...
It was kind of Martin Kostuik, Claudio etc. to take a moment with me and realistically chat about the golden potential at Copperstone in Arizona...
https://kerrmines.com/investors/
http://www.sprott.com
#ciao #bravo #arizona #goldmine #highgrade #usa #canada
Pleased that I made the effort to watch Claudio Ciavarella speak regarding the Copperstone Mine at PDAC earlier today and what struck me during the excellent presentation was not so much the Copperstone MINE as the multimillion au oz potential via the massive footwall parallel zone that is about 15 football fields in length, the southwest highgrade zone and the multiple Blue PEARL golden zones that very much each resemble yet another golden Copperstone Mine...
It was kind of Martin Kostuik, Claudio etc. to take a moment with me and realistically chat about the golden potential at Copperstone in Arizona...
#ciao #bravo #arizona #goldmine #highgrade #usa #canada
Pleased that I made the effort to watch Claudio Ciavarella speak regarding the Copperstone Mine at PDAC earlier today and what struck me during the excellent presentation was not so much the Copperstone MINE as the multimillion au oz potential via the massive footwall parallel zone that is about 15 football fields in length, the southwest highgrade zone and the multiple Blue PEARL golden zones that very much each resemble yet another golden Copperstone Mine...
It was kind of Martin Kostuik, Claudio etc. to take a moment with me and realistically chat about the golden potential at Copperstone in Arizona...
#ciao #bravo #arizona #goldmine #highgrade #usa #canada
“...Kerr Mines “... Kerr Mines announced in a news release it achieved gold recoveries of 97% during metallurgical testing at its Copperstone mine in Arizona. This compares to the 95% achieved in its 2018 prefeasibility study results.
Testing also resulted in lower reagent consumption, of 1.5–2 gram per ton milled versus 2 grams per ton milled. The new recovery level and reduced reagent consumption should "significantly" increase the mine's profitability and shareholder returns, the release noted.
Also achieved through recent metallurgical testing is lowering of the milling cost to $2 per ton from $2.50 per ton.
Overall, the results "confirm and further enhance the economics of the Copperstone mine, as previously published in 2018," said President Martin Kostuik in the release. "Stronger gold recoveries and lower consumption costs will further increase profitability and returns for our stakeholders. As we continue to work towards mine life extension, these results will add considerable value to the Copperstone Mine."
Kerr will continue working to further derisk and advance the mine toward production, the company stated.
Also of note, the company will participate in the upcoming annual meeting of the Prospectors and Developers Association of Canada.
https://www.streetwisereports.com/article/2019/02/28/gold-companys-metallurgical-test-results-suggest-increased-mine-profitability.html
“...Kerr Mines “... Kerr Mines announced in a news release it achieved gold recoveries of 97% during metallurgical testing at its Copperstone mine in Arizona. This compares to the 95% achieved in its 2018 prefeasibility study results.
Testing also resulted in lower reagent consumption, of 1.5–2 gram per ton milled versus 2 grams per ton milled. The new recovery level and reduced reagent consumption should "significantly" increase the mine's profitability and shareholder returns, the release noted.
Also achieved through recent metallurgical testing is lowering of the milling cost to $2 per ton from $2.50 per ton.
Overall, the results "confirm and further enhance the economics of the Copperstone mine, as previously published in 2018," said President Martin Kostuik in the release. "Stronger gold recoveries and lower consumption costs will further increase profitability and returns for our stakeholders. As we continue to work towards mine life extension, these results will add considerable value to the Copperstone Mine."
Kerr will continue working to further derisk and advance the mine toward production, the company stated.
Also of note, the company will participate in the upcoming annual meeting of the Prospectors and Developers Association of Canada.
https://www.streetwisereports.com/article/2019/02/28/gold-companys-metallurgical-test-results-suggest-increased-mine-profitability.html
“...Kerr Mines “... Kerr Mines announced in a news release it achieved gold recoveries of 97% during metallurgical testing at its Copperstone mine in Arizona. This compares to the 95% achieved in its 2018 prefeasibility study results.
Testing also resulted in lower reagent consumption, of 1.5–2 gram per ton milled versus 2 grams per ton milled. The new recovery level and reduced reagent consumption should "significantly" increase the mine's profitability and shareholder returns, the release noted.
Also achieved through recent metallurgical testing is lowering of the milling cost to $2 per ton from $2.50 per ton.
Overall, the results "confirm and further enhance the economics of the Copperstone mine, as previously published in 2018," said President Martin Kostuik in the release. "Stronger gold recoveries and lower consumption costs will further increase profitability and returns for our stakeholders. As we continue to work towards mine life extension, these results will add considerable value to the Copperstone Mine."
Kerr will continue working to further derisk and advance the mine toward production, the company stated.
Also of note, the company will participate in the upcoming annual meeting of the Prospectors and Developers Association of Canada.
https://www.streetwisereports.com/article/2019/02/28/gold-companys-metallurgical-test-results-suggest-increased-mine-profitability.html
« ...Kerr Mines Metallurgical Test Work
2019-02-26 06:29:49 AM ET (GlobeNewswire)
Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) ("Kerr" or the "Company") is pleased to announce results of advanced metallurgical testing for the Copperstone Mine located in Arizona, USA. In addition, the Company will be participating in the 2019 Prospectors and Developers Association of Canada ("PDAC") annual conference.
Advanced Metallurgical Testing:
-- Achieved 97% gold recovery and lower reagent consumption;
-- Improved recoveries and lower reagent consumption are expected to significantly increase profitability life of mine;
-- Milling cost reduction of US$2.00 to US$2.50 per ton compared to the previously published 2018 Preliminary Feasibility Study;
-- Enables detailed design of the gold ore leach and dore production circuits;
-- Compliments previously announced receipt of the state air permit modification which authorizes construction of the new gold ore leach and dore production circuits (see press release February 5, 2019).
Parameter 2018 PFS Results February 2019 Results Gold recovery to dore 95% 97% Gold Leach Cyanide Consumption 2.0 kg/tonne milled 1.5 to 2.0 kg/tonne milled Reagent Consumption for Destruction of Residual Cyanide in Tailings 0.56 US$/tonne milled 0.77 to 0.99 US$/tonne milled Carbon Consumption 0.5 kg/tonne milled 0.05 to 0.1 kg/tonne milled
"These metallurgical testing results confirm and further enhance the economics of the Copperstone Mine, as previously published in 2018," said Martin Kostuik, President. "Stronger gold recoveries and lower consumption costs will further increase profitability and returns for our stakeholders. As we continue to work towards mine life extension, these results will add considerable value to the Copperstone Mine. Having achieved this important milestone, we will strive to further de-risk and advance the Copperstone Mine towards production. "
Sulfidization-Acidification-Recycle-Thickening ("SART") Test Work:
-- Test work complete and results pending;
-- Purpose is to evaluate the economic viability of incorporating a SART circuit to the planned new gold ore leach processing plant.
-- The SART circuit can further reduce operating costs by reducing reagent consumption and can add revenue through the recovery of copper from the gold ore.
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 4,775 hectare (11,800 acres) land package.
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 Jeffery Choquette, P.E. of Hard Rock Consulting, LLC., MMSA QP member, who is a "Qualified Person" as defined by NI 43-101 for this project.
*Kerr Mines National Instrument 43-101 Technical Report dated April 11, 2018: Preliminary Feasibility Study for the Copperstone Project, La Paz County, Arizona, USA
PDF Version of 43-101 technical report available: http://kerrmines.com/wp-content/uploads/KerrCopperstone_PFS_43-101.pdf
YouTube: Copperstone Gold Mine KER:TSX 3 min. Investor Tour Video
For further information contact:
Claudio Ciavarella
Chief Executive Officer
cciavarella@kerrmines.com
416-855-9305 ... »
Read more at https://stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=29412853#wFD7zFJoGHu8wuP8.99
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/58694-kerr-mines-achieves-97-gold-recovery-from-metallurgical-test-work.html
« ...Kerr Mines Metallurgical Test Work
2019-02-26 06:29:49 AM ET (GlobeNewswire)
Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) ("Kerr" or the "Company") is pleased to announce results of advanced metallurgical testing for the Copperstone Mine located in Arizona, USA. In addition, the Company will be participating in the 2019 Prospectors and Developers Association of Canada ("PDAC") annual conference.
Advanced Metallurgical Testing:
-- Achieved 97% gold recovery and lower reagent consumption;
-- Improved recoveries and lower reagent consumption are expected to significantly increase profitability life of mine;
-- Milling cost reduction of US$2.00 to US$2.50 per ton compared to the previously published 2018 Preliminary Feasibility Study;
-- Enables detailed design of the gold ore leach and dore production circuits;
-- Compliments previously announced receipt of the state air permit modification which authorizes construction of the new gold ore leach and dore production circuits (see press release February 5, 2019).
Parameter 2018 PFS Results February 2019 Results Gold recovery to dore 95% 97% Gold Leach Cyanide Consumption 2.0 kg/tonne milled 1.5 to 2.0 kg/tonne milled Reagent Consumption for Destruction of Residual Cyanide in Tailings 0.56 US$/tonne milled 0.77 to 0.99 US$/tonne milled Carbon Consumption 0.5 kg/tonne milled 0.05 to 0.1 kg/tonne milled
"These metallurgical testing results confirm and further enhance the economics of the Copperstone Mine, as previously published in 2018," said Martin Kostuik, President. "Stronger gold recoveries and lower consumption costs will further increase profitability and returns for our stakeholders. As we continue to work towards mine life extension, these results will add considerable value to the Copperstone Mine. Having achieved this important milestone, we will strive to further de-risk and advance the Copperstone Mine towards production. "
Sulfidization-Acidification-Recycle-Thickening ("SART") Test Work:
-- Test work complete and results pending;
-- Purpose is to evaluate the economic viability of incorporating a SART circuit to the planned new gold ore leach processing plant.
-- The SART circuit can further reduce operating costs by reducing reagent consumption and can add revenue through the recovery of copper from the gold ore.
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 4,775 hectare (11,800 acres) land package.
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 Jeffery Choquette, P.E. of Hard Rock Consulting, LLC., MMSA QP member, who is a "Qualified Person" as defined by NI 43-101 for this project.
*Kerr Mines National Instrument 43-101 Technical Report dated April 11, 2018: Preliminary Feasibility Study for the Copperstone Project, La Paz County, Arizona, USA
PDF Version of 43-101 technical report available: http://kerrmines.com/wp-content/uploads/KerrCopperstone_PFS_43-101.pdf
YouTube: Copperstone Gold Mine KER:TSX 3 min. Investor Tour Video
For further information contact:
Claudio Ciavarella
Chief Executive Officer
cciavarella@kerrmines.com
416-855-9305 ... »
Read more at https://stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=29412853#wFD7zFJoGHu8wuP8.99
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/58694-kerr-mines-achieves-97-gold-recovery-from-metallurgical-test-work.html