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New Opportunity: Kerr Mines Inc. (OTCMKTS: KERMF)
Our newest alert is a junior gold miner that is working to maximize the economics of an already proven and fully-permitted well in the southwestern US.
According to our research, the region has produced a mountain of gold in the past, and the company is moving into the project with a lot of factors already lined up, and plenty of cash on hand.
The stock has been acting well, trending higher, and the gold space has been strong this year with a ton of major tailwinds lined up that could provide a ton of upside for junior miners like KERMF.
Symbol: KERMF
Company: Kerr Mines Inc.
Quote: http://finance.yahoo.com/q?s=KERMF
Latest News: http://finance.yahoo.com/q/h?s=KERMF+Headlines
Company Website: http://kerrmines.com/
New Opportunity: Kerr Mines Inc. (OTCMKTS: KERMF)
Our newest alert is a junior gold miner that is working to maximize the economics of an already proven and fully-permitted well in the southwestern US.
According to our research, the region has produced a mountain of gold in the past, and the company is moving into the project with a lot of factors already lined up, and plenty of cash on hand.
The stock has been acting well, trending higher, and the gold space has been strong this year with a ton of major tailwinds lined up that could provide a ton of upside for junior miners like KERMF.
Symbol: KERMF
Company: Kerr Mines Inc.
Quote: http://finance.yahoo.com/q?s=KERMF
Latest News: http://finance.yahoo.com/q/h?s=KERMF+Headlines
Company Website: http://kerrmines.com/
New Opportunity: Kerr Mines Inc. (OTCMKTS: KERMF)
Our newest alert is a junior gold miner that is working to maximize the economics of an already proven and fully-permitted well in the southwestern US.
According to our research, the region has produced a mountain of gold in the past, and the company is moving into the project with a lot of factors already lined up, and plenty of cash on hand.
The stock has been acting well, trending higher, and the gold space has been strong this year with a ton of major tailwinds lined up that could provide a ton of upside for junior miners like KERMF.
Symbol: KERMF
Company: Kerr Mines Inc.
Quote: http://finance.yahoo.com/q?s=KERMF
Latest News: http://finance.yahoo.com/q/h?s=KERMF+Headlines
Company Website: http://kerrmines.com/
New Opportunity: Kerr Mines Inc. (OTCMKTS: KERMF)
Our newest alert is a junior gold miner that is working to maximize the economics of an already proven and fully-permitted well in the southwestern US.
According to our research, the region has produced a mountain of gold in the past, and the company is moving into the project with a lot of factors already lined up, and plenty of cash on hand.
The stock has been acting well, trending higher, and the gold space has been strong this year with a ton of major tailwinds lined up that could provide a ton of upside for junior miners like KERMF.
Symbol: KERMF
Company: Kerr Mines Inc.
Quote: http://finance.yahoo.com/q?s=KERMF
Latest News: http://finance.yahoo.com/q/h?s=KERMF+Headlines
Company Website: http://kerrmines.com/
Starting this Monday Kerr-Mines will-be airing-on CBC-TV
Kerr Mines Inc. is being featured on CBC's Documentary Channel Nov 27— Dec. 10, 2017 Monday through Friday, throughout the day and evenings.
Kerr Mines (TSX: KER):
The Copperstone Mine produced nearly one-half million ounces of gold between 1987 and 1993 through open pit mining. Existing infrastructure which remains from this time, or which has been subsequently installed by the Company's predecessor and wholly owned subsidiary, American Bonanza Gold Corp., is considerable and serves to reduce the current capital requirements for the mine. Existing infrastructure includes a 69 KV power line and substation, and three water wells, all sufficient for the proposed operations at Copperstone.
http://kerrmines.com
Starting this Monday Kerr-Mines will-be airing-on CBC-TV
Kerr Mines Inc. is being featured on CBC's Documentary Channel Nov 27— Dec. 10, 2017 Monday through Friday, throughout the day and evenings.
Kerr Mines (TSX: KER):
The Copperstone Mine produced nearly one-half million ounces of gold between 1987 and 1993 through open pit mining. Existing infrastructure which remains from this time, or which has been subsequently installed by the Company's predecessor and wholly owned subsidiary, American Bonanza Gold Corp., is considerable and serves to reduce the current capital requirements for the mine. Existing infrastructure includes a 69 KV power line and substation, and three water wells, all sufficient for the proposed operations at Copperstone.
http://kerrmines.com
“We Move Forward: Despite devastation, Puerto Ricans are celebrating Thanksgiving...”
by Patricia Guadalupe / Nov.23.2017 / 12:50 AM ET
https://www.nbcnews.com/news/latino/we-move-forward-despite-devastation-puerto-ricans-are-celebrating-thanksgiving-n823246
Lest we not forget Puerto Rico during Thanksgiving.
Those of us who overindulge at the Thanksgiving dinner table can’t use the weather as an excuse to avoid getting out and burning a few calories.
Warm and sunny conditions are in the forecast for the Phoenix area and throughout the state.
Historic highs are forecast for Thanksgiving and are expected to be followed by a few more days of well above-normal, though not necessarily record-setting, temperatures, according to the National Weather Service forecast.
Happy American Thanksgiving!
http://www.cnn.com/2016/11/21/health/thanksgiving-fun-facts-trivia-trnd/index.html
Still Beyond FRUSTRATING! Regarding the Burnstone Gold Mine!
http://www.saimm.co.za/saimm-events/upcoming-events
“...Note: Business Rescue should generally end within three months, or an extended time as granted by Court on application by Practitioner
Beyond Frustrating http://web.archive.org/web/20120817013309/http://www.greatbasingold.com:80/burnstone.cfm
http://web.archive.org/web/20120817013305/http://www.greatbasingold.com/assets.cfm
http://web.archive.org/web/20130323111047/http://www.greatbasingold.com/burnstone_team.cfm
”... Claire van Zuylen, Partner at pan-African corporate law firm, Bowman Gilfillan, which acted for Standard Chartered Bank in London and Credit Suisse (AG), commented, “The restructuring will result in some 2 000 employees, who were initially retrenched in 2012 when the Burnstone mine went into care and maintenance, being re-employed at the mine when operations re-commence.
“Without the input of the secured lenders, Credit Suisse and Standard Chartered Bank, in terms of advancing post-commencement financing and permitting the unsecured creditors a dividend that they would not otherwise have obtained, Southgold would have been forced to commence liquidation proceedings.”
South African company Southgold Exploration is a wholly-owned subsidiary of Toronto-based Great Basin Gold (GBG) Limited, which is an international mining company engaged in the exploration and development of gold properties. Southgold’s principal asset is the Burnstone mine in Mpumalanga.
During August 2012, GBG suspended active production at Burnstone in the hope of selling the mine in order to settle creditors. Seeking protection from creditors in the interim period, Southgold filed a resolution in 2012 placing itself in business rescue, and commenced proceedings under Canada’s Companies’ Creditors Arrangement Act, which is the equivalent of South Africa’s business rescue proceedings.
Standard Chartered Bank and Credit Suisse worked closely with the business rescue practitioner appointed to supervise Southgold, and advanced significant post-commencement financing to enable the successful business rescue, which included restructuring Southgold’s debt and equity.
According to Ms van Zuylen, “The restructuring had cross-border implications in that it involved the restructuring of debt owed to Canadian, Swiss and English creditors in addition to South African creditors.”
The restructuring involved banking and finance law, insolvency and restructuring law, corporate law, litigation and mining law issues. Documents were governed by English law and South African law (prepared by Bowman Gilfillan), and Cayman and Swiss law (drafted by local counsel).
The Bowman Gilfillan team comprised: Lionel Shawe and Lisa Botha (Banking and Finance), Claire van Zuylen and Sizwe Msimang (Insolvency and Restructuring law), Alistair Collins, Marc Pinchuck, Candace Hennessey, Johan de Wet, Ingrid Sinclair, Claire Tucker (Mining and Regulatory), and John Sahli and Clement Mkiva (Litigation).
“...Money ‘tsunami’ may spur quadrupling of gold prices to over $5,000 – expert
“...A prolonged period of cheap money and the shift of investor focus to gold as a haven from geopolitical and financial risk could boost the price of the precious metal to over $5,000 an ounce in five years, McEwen Mining CEO Rob McEwen says.
If that happens, “there is going to be a tsunami of money looking for a place to go,” he told Bloomberg at a mining industry conference in San Francisco.
One of the industry’s biggest bulls, McEwen is known for his passion for gold. He was one of the top hundred wealthiest Canadians as of 2016, with an estimated personal net worth of over $800 million....”
https://www.google.com/amp/s/www.rt.com/document/5a15243dfc7e936b548b4567/amp/410601-gold-prices-quadrupling-soon
Base Metals Stocks Shine as Copper Price Rallies
“...The Ubika Base Metals 20 Index has returned 6% since our last report dated September 25, 2017, outperforming its benchmarks, the TSXV and the Base Metal Juniors indices, which have returned 1% and 3%, respectively, over the same period. Notable performers for this report include:
Copper Mountain Mining (TSX:CMMC), which surged 42% following an improved quarterly performance......”
Base Metals Stocks Shine as Copper Price Rallies
“...The Ubika Base Metals 20 Index has returned 6% since our last report dated September 25, 2017, outperforming its benchmarks, the TSXV and the Base Metal Juniors indices, which have returned 1% and 3%, respectively, over the same period. Notable performers for this report include:
Copper Mountain Mining (TSX:CMMC), which surged 42% following an improved quarterly performance......”
”....Kerr Mines to make production decision on Copperstone next year
When two successful businessmen — one from Saudi Arabia and the other from Canada — amass 35% of a junior company’s common shares and dip into their own pockets to loan it $9.5 million, their motives make for good reading.
The story becomes even more compelling when the company’s flagship asset — a past-producing open-pit gold mine in Arizona, called Copperstone, with a tailings facility and a 450-tonne-per-day mill — is fully permitted and can be restarted as an underground mining operation within nine to 12 months of a production decision.
The mine’s previous owners scooped out half a million ounces of gold from an open-pit operation between 1987 and 1993, leaving behind a deposit with a 43-101 compliant resource of 311,000 ounces of gold in the measured and indicated category (934,000 tonnes grading 10.4 grams gold per tonne) and another 132,000 ounces of gold in the inferred category (335,000 tonnes grading 12.2 grams gold).
“It’s highly unique, there’s no question about it,” Claudio Ciavarella, CEO of Kerr Mines (TSX: KER; US-OTC: KERMF) says of his decision, along with the company’s chairman, Fahad Al Tamimi, to restructure the company and lend it nearly $10 million of their own money.
But Ciavarella, an accountant who has built thriving businesses in Canada’s manufacturing, construction and real-estate sectors, and Al Tamimi, a Saudi-based businessman who has founded a flourishing engineering group in the Middle East and holds assets in oil and gas and mining, believe it’s worth the risk.
Both men have been investors in the junior long before it changed its name from Armistice Resources to Kerr Mines in 2014. Al Tamimi got involved in 2012 as an equity participant and shareholder, while Ciavarella has been an investor since 2005, and a director since 2013.
Between 2012 and 2014, however, the company had gone on an acquisition spree, acquiring projects and companies (including Copperstone through a merger with American Bonanza Gold in July 2014).
....”
”...Canadian copper and gold explorer Kerr Mines has agreed to raise C$5m ($3.93m) in a non-brokered private placement of shares.
The company proposes to issue 16,666,667 shares priced at C$0.30 ($0.23) a share, as part of the placement.
”...Canadian copper and gold explorer Kerr Mines has agreed to raise C$5m ($3.93m) in a non-brokered private placement of shares.
The company proposes to issue 16,666,667 shares priced at C$0.30 ($0.23) a share, as part of the placement.
IRW-News: Kerr Mines Inc: Kerr Mines gibt positive Ergebnisse erster metallurgischer Tests bekannt und prüft Kupfer als eine zusätzliche Einnahmequelle
Kerr Mines gibt positive Ergebnisse erster metallurgischer Tests bekannt und prüft Kupfer als eine zusätzliche Einnahmequelle
TORONTO, 16. November 2017 - Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (Kerr oder das Unternehmen) freut sich, die ersten positiven Ergebnisse der metallurgischen Tests für die bevorstehende vorläufige Machbarkeitsstudie, wie etwa einer Bewertung der zunehmenden Kupfergewinnung aus den goldhaltigen Zonen, bekannt zu geben.
Wichtigste Ergebnisse:
- Goldgewinnungsraten von bis zu 91 %
- Kupfermineralisierung liegt über die gesamte Streichlänge der Zone Copperstone vor
- Monetarisiung des Sulfid- und des Oxid-Kupfergehalts wird untersucht
- Gewinnungsrate für Sulfid-Kupfer-Mineralisierung von bis zu 97 %
- Oxid-Kupfermetall kann anhand eines einfachen Säureaufschlusses aus dem Unterlauf des Flotationskreislaufs gewonnen werden
IRW-News: Kerr Mines Inc: Kerr Mines gibt positive Ergebnisse erster metallurgischer Tests bekannt und prüft Kupfer als eine zusätzliche Einnahmequelle
Kerr Mines gibt positive Ergebnisse erster metallurgischer Tests bekannt und prüft Kupfer als eine zusätzliche Einnahmequelle
TORONTO, 16. November 2017 - Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (Kerr oder das Unternehmen) freut sich, die ersten positiven Ergebnisse der metallurgischen Tests für die bevorstehende vorläufige Machbarkeitsstudie, wie etwa einer Bewertung der zunehmenden Kupfergewinnung aus den goldhaltigen Zonen, bekannt zu geben.
Wichtigste Ergebnisse:
- Goldgewinnungsraten von bis zu 91 %
- Kupfermineralisierung liegt über die gesamte Streichlänge der Zone Copperstone vor
- Monetarisiung des Sulfid- und des Oxid-Kupfergehalts wird untersucht
- Gewinnungsrate für Sulfid-Kupfer-Mineralisierung von bis zu 97 %
- Oxid-Kupfermetall kann anhand eines einfachen Säureaufschlusses aus dem Unterlauf des Flotationskreislaufs gewonnen werden
”...When two successful businessmen—one from Saudi Arabia and the other from Canada—amass 35% of a junior company’s common shares and dip into their own pockets to loan it $9.5 million, their motives make for good reading.
The story becomes even more compelling when the company’s flagship asset—a past-producing open-pit gold mine in Arizona called Copperstone with a tailings facility and a 450-tonne-per-day mill—is fully permitted and can be restarted as an underground mining operation within nine to twelve months of a production decision.
The mine’s previous owners scooped out half a million ounces of gold from an open-pit operation between 1987 and 1993, leaving behind a deposit with a 43-101 compliant resource of 311,000 ounces of gold in the measured and indicated category (934,000 tonnes grading 10.4 grams gold per tonne) and another 132,000 ounces of gold in the inferred category (335,000 tonnes grading 12.2 grams gold).
“It’s highly unique, there’s no question about it,” Claudio Ciavarella, CEO of Kerr Mines (TSX: KER; US-OTC: KERMF) says of his decision, along with the company’s chairman, Fahad Al Tamimi, to restructure the company and lend it nearly $10 million of their own money.
But Ciavarella, an accountant who has built thriving businesses in Canada’s manufacturing, construction and real-estate sectors, and Al Tamimi, a Saudi-based businessman who has founded a flourishing engineering group in the Middle East and holds assets in oil and gas and mining, believe it’s worth the risk.
Both men have been investors in the junior long before it changed its name from Armistice Resources to Kerr Mines in 2014. Al Tamimi got involved in 2012 as an equity participant and shareholder, while Ciavarella has been an investor since 2005, and a director since 2013.
Between 2012 and 2014, however, the company had gone on an acquisition spree, acquiring projects and companies (including Copperstone through a merger with American Bonanza Gold in Jan. 2014).
“During the course of that process it accumulated not only assets but also a lot of liabilities,” Ciavarella says. “Unfortunately, during 2014-2015, the equity market wasn’t very strong so we put all of our assets on care and maintenance.”
By 2016, he says, it looked as though the equity and gold markets were on the brink of a recovery and management thought it was a good time to take the Copperstone project off the shelf. But the executive team had to deal with all the debt accumulated from the company’s earlier buying spree.
“We were upside down financially with regard to liabilities and obligations so what we did was we ended up restructuring,” he says.
Kerr Mines started the process by selling off its non-core assets, primarily its properties in northern Ontario, to generate cash to deal with some of the roughly C$24 million it held in liabilities. When the total debt owed was whittled down to $9.5 million—Ciavarella and Al Tamimi each put up half the money and paid off the remaining creditors. The company has until 2019 to repay the loan, at which point management hopes the company will be cash-flow positive.
Ciavarella was appointed CEO in April 2017 and along with the board put together a strategy of creating value focused on advancing Copperstone. It has launched a drill program and plans to complete an updated resource estimate and a prefeasibility study in the first quarter of 2018, at which point, Ciavarella says, the company will be able to make a production decision.
Initial results from its Phase 1 underground drill program were released earlier this month, with ten of 12 holes intersecting mineralization. Highlights include 9.75 metres grading 16.2 grams gold per tonne; 6.10 metres grading 8.6 grams gold; 4.57 metres of 5.1 grams gold; 3.05 metres of 7.9 grams gold; 3.96 metres of 6.2 grams gold; and 2.74 metres of 5.4 grams gold.
The 4,572-metre Phase I underground drill program is using two drills to test along strike and up and down dip in the Copperstone Main Zone, which makes up 100% of the deposit’s resource. The program is designed to confirm the continuity of altered detachment fault breccia from existing underground workings at depths from 100 feet (30.5 metres) to 400 feet (121.92 metres) below the open-pit bottom. The bottom of the open pit sits at about 500 feet (152.4 metres) from surface and there are two adits right into the resource.
In late October, Kerr Mines confirmed the existence of the Footwall Zone by modelling historic drilling and incorporating new drilling of its own. The 500-800 metre zone is just 152.4 metres to the southwest of the Copperstone Main Zone and is easy to access from the bottom of the pit.
“The Footwall Zone isn’t included in our current resource so it’s a really nice opportunity for us to expand the ounces,” he says. “Our growth plan over the next three to five years is to continue to drill out the footwall and establish it as a potential mining area.”
Another target is the Southwest Zone, which lies 200 metres to the south of the open pit. “We can drive an adit from the south end of the open pit right into the South target,” Ciavarella says. “Development costs to get into these areas is going to make it very attractive for us, because the infrastructure is all there; the underground workings we have for Copperstone are only a few hundred feet away, and we can shuffle over there and tie those zones together into a mine plan.”
In addition to the Footwall and South Zones, the company has identified the Southwest Zone, which lies 914 metres to the southwest of the pit.
Back-of-the-envelope calculations suggest there’s lots of room to grow ounces at Copperstone, given that previous owners mined half a million ounces of gold from the first 500 feet (152.4 metres) of the deposit, he says. “You’re talking about 100,000 oz. gold per 100 feet,” he says. “So you look at our resource: We go down 300 feet below the pit bottom and we have 300,000 oz. of existing resource, or roughly another 100,000 oz. per 100 feet, so the ore body continues down dip…our geologists believe this ore body continues to depth until you get to where the detachment fault is.”
“Obviously there’s going to be the economics of getting down there—we’ll have to drive ramps down,” he adds. “If the ore body continues at the same rate that has already presented itself and we’re able to go down another 300-500 feet, we have the potential to add 300,000-500,000 oz. gold…that’s one of the belief systems that the geologists who have studied this project for us have.”
The company is also starting to think about evaluating the copper content of the deposit, which could create a nice stream of revenue, he says, noting that copper assay values are distributed along the entire strike length of the Copperstone Zone. Of historic and new drill hole intervals that contain a gold grade of 3 grams gold per tonne or higher, and that were assayed for copper, the weighted average copper grade is 0.54%.
“We have some pretty decent grades and two different types of copper—sulfide and oxide—and the results will show how we can monetize it,” he says. “The oxide copper will float with the gold concentrate we produce, and most of our deposit is oxides. So we’ve now started to look at that. It’s nice because it has the potential to be free cash. It’s free money because we have it with the gold and there’s an opportunity to create a good revenue stream.”
This week the company announced initial metallurgical results that demonstrated sulphide copper recoveries of up to 97% and gold recoveries of up to 91%.
The company’s shares are currently trading on the Toronto Stock Exchange at $0.315 per share within a 52-week trading range of $0.09 and $0.41 per share. The company has 235 million common shares outstanding for a market cap of about $74 million.
In addition to Ciavarella, who owns 11.5% of the company’s shares, and Al Tamimi who owns 23.5%, Eric Sprott owns 8%....”
KERR MINES ANNOUNCES POSITIVE METALLURGICAL TEST WORK & EXAMINES COPPER AS ADDITIONAL REVENUE SOURCE
TORONTO, Nov. 16, 2017 /CNW/ - Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) ("Kerr" or the "Company") is pleased to announce positive initial metallurgical results including an evaluation into the accretive recovery of copper from gold bearing zones for the upcoming Prefeasibility Study.
Highlights
Gold recoveries up to 91%
Copper present throughout the strike length of the Copperstone Zone
Monetization of both sulphide and oxide copper content being examined
Sulphide copper recovery up to 97%
Oxide copper metal extractable from flotation underflow through a simple acidulation process
Gold
The initial results of the gold testing to date achieves recovery of up to 91%. The testing methods used are based on the existing processing circuit at the Copperstone project.
The samples being tested can be categorized as low, medium and high grade gold samples across the entire strike length of the Copperstone Zone. Processing alternatives are being evaluated to further enhance recovery of gold including whole ore leaching, flotation and a combination of flotation and gravity. Flotation test results to date have excellent gold recoveries and also confirm historical results.
Copper
For the first time, work is underway to determine and report a copper resource for the Copperstone Project. Of historic and new drill hole intervals which contain a gold grade of 3 g/t Au or higher and that were assayed for copper, the weighted average copper grade is 0.54% Cu. Copper assay values are distributed along the entire strike length of the Copperstone Zone. In that volume, over 90% of the time that gold is present, copper is present as well.
Current studies show that both sulphide and oxide copper exists in the Copperstone Project. Feed grades up to 0.68% Cu were represented in the group of samples. When sulphide copper is present, a copper recovery up to 97% to the gold rougher flotation concentrate is achievable. Oxide copper reports to the underflow of the flotation circuit, as such, there exists an opportunity to create a feed of copper to a simple acid processing circuit. It is in this new circuit that the oxide copper would be extracted and recovered as a metal. The economic viability of both potential copper revenue streams requires further testing and is underway.
Martin Kostuik, President, stated, "with these initial Copperstone metallurgical results and the new understanding of the two potential streams of copper within the processing circuit, we are very encouraged to investigate the potential for copper to enhance the economics of this project. The recovery of copper from the flotation underflow would be relatively low cost because the other aspects of the copper recovery process are paid for in the gold recovery circuit."
The Copperstone Zone detachment fault system historically produced over 500,000 ounces of gold from an open pit. Continuing below the open pit, the down-dip extension of the Copperstone Zone has an undiluted mineral resource of 313,000 oz Au at 10.35 g/t Au (0.302 ounce per ton) (311,000 measured + 2,000 indicated), estimated in 2010* is being further enhanced by the Phase 1 underground drilling program. The Phase I 15,000 feet underground program is currently using two drills to test along strike and up/down-dip in the D and C zones of the Copperstone Zone. The program is confirming altered detachment fault breccia continuity from existing underground workings at depths from 100 to 400 feet below the open pit bottom.
The Company also wishes to announce that it filed on November 10th, 2017 its Financial Statements and Management Discussion and Analysis for the first quarter ended September 30, 2017. These documents are available at the Company's website http://kerrmines.com/investors/ or under Kerr Mine's profile on SEDAR at www.sedar.com.
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, Registered Geologist., who is a "Qualified Person" as defined by NI 43-101 for this project.
About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 4,775 hectare (11,800 acres) land package that includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.
*Mineral Resource Tabulation – Model capped at 5.0 oz Au/t with a 0.15 oz Au/t cutoff grade, 1,038,000 tons (1,029,000 measured + 9,000 indicated) - NI 43-101 Technical Feasibility Report, Copperstone Project, February 11, 2010. Limited mining of this resource occurred in the period between Q4 2012 and Q3 2013 and updated tons will be tabulated when a new resource is estimated in early 2018.
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.
SOURCE Kerr Mines Inc.
KERR MINES ANNOUNCES POSITIVE METALLURGICAL TEST WORK & EXAMINES COPPER AS ADDITIONAL REVENUE SOURCE
TORONTO, Nov. 16, 2017 /CNW/ - Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) ("Kerr" or the "Company") is pleased to announce positive initial metallurgical results including an evaluation into the accretive recovery of copper from gold bearing zones for the upcoming Prefeasibility Study.
Highlights
Gold recoveries up to 91%
Copper present throughout the strike length of the Copperstone Zone
Monetization of both sulphide and oxide copper content being examined
Sulphide copper recovery up to 97%
Oxide copper metal extractable from flotation underflow through a simple acidulation process
Gold
The initial results of the gold testing to date achieves recovery of up to 91%. The testing methods used are based on the existing processing circuit at the Copperstone project.
The samples being tested can be categorized as low, medium and high grade gold samples across the entire strike length of the Copperstone Zone. Processing alternatives are being evaluated to further enhance recovery of gold including whole ore leaching, flotation and a combination of flotation and gravity. Flotation test results to date have excellent gold recoveries and also confirm historical results.
Copper
For the first time, work is underway to determine and report a copper resource for the Copperstone Project. Of historic and new drill hole intervals which contain a gold grade of 3 g/t Au or higher and that were assayed for copper, the weighted average copper grade is 0.54% Cu. Copper assay values are distributed along the entire strike length of the Copperstone Zone. In that volume, over 90% of the time that gold is present, copper is present as well.
Current studies show that both sulphide and oxide copper exists in the Copperstone Project. Feed grades up to 0.68% Cu were represented in the group of samples. When sulphide copper is present, a copper recovery up to 97% to the gold rougher flotation concentrate is achievable. Oxide copper reports to the underflow of the flotation circuit, as such, there exists an opportunity to create a feed of copper to a simple acid processing circuit. It is in this new circuit that the oxide copper would be extracted and recovered as a metal. The economic viability of both potential copper revenue streams requires further testing and is underway.
Martin Kostuik, President, stated, "with these initial Copperstone metallurgical results and the new understanding of the two potential streams of copper within the processing circuit, we are very encouraged to investigate the potential for copper to enhance the economics of this project. The recovery of copper from the flotation underflow would be relatively low cost because the other aspects of the copper recovery process are paid for in the gold recovery circuit."
The Copperstone Zone detachment fault system historically produced over 500,000 ounces of gold from an open pit. Continuing below the open pit, the down-dip extension of the Copperstone Zone has an undiluted mineral resource of 313,000 oz Au at 10.35 g/t Au (0.302 ounce per ton) (311,000 measured + 2,000 indicated), estimated in 2010* is being further enhanced by the Phase 1 underground drilling program. The Phase I 15,000 feet underground program is currently using two drills to test along strike and up/down-dip in the D and C zones of the Copperstone Zone. The program is confirming altered detachment fault breccia continuity from existing underground workings at depths from 100 to 400 feet below the open pit bottom.
The Company also wishes to announce that it filed on November 10th, 2017 its Financial Statements and Management Discussion and Analysis for the first quarter ended September 30, 2017. These documents are available at the Company's website http://kerrmines.com/investors/ or under Kerr Mine's profile on SEDAR at www.sedar.com.
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, Registered Geologist., who is a "Qualified Person" as defined by NI 43-101 for this project.
About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 4,775 hectare (11,800 acres) land package that includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.
*Mineral Resource Tabulation – Model capped at 5.0 oz Au/t with a 0.15 oz Au/t cutoff grade, 1,038,000 tons (1,029,000 measured + 9,000 indicated) - NI 43-101 Technical Feasibility Report, Copperstone Project, February 11, 2010. Limited mining of this resource occurred in the period between Q4 2012 and Q3 2013 and updated tons will be tabulated when a new resource is estimated in early 2018.
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.
SOURCE Kerr Mines Inc.
“...Arizona has a reputation as being a technology-friendly state...” The Kerr miners and the administration team will need to be tech savvy to operate modern new equipment in 2018 etc... At the Copperstone Mine...
The futuristic large town will have a positive impact on Arizona as is the Copperstone Gold Mine in Arizona.
Kerr is already employing or contracting 30+ Tech savvy wise employees in Arizona so...
”...Bill Gates invests $80 million to build Arizona smart city
Bill Gates wants to build a futuristic community in Arizona.
A group associated with a Gates investment company has invested $80 million in a high-tech planned development outside Phoenix.
The community in Belmont will be designed around high-speed networks, autonomous vehicles, high-speed digital networks, data centers, new manufacturing technologies and autonomous logistics hubs.
It's unclear how much former Microsoft CEO Gates, who owns Belmont's parent company Cascade Investment, will be involved in the effort.
Belmont Partners, the Arizona-based real investment group that's leading the project, said it will be similar in size to nearby Tempe, Arizona, which has a population of 182,000.
"Envisioning future infrastructure from scratch is far easier and more cost efficient than retrofitting an existing urban fabric," Grady Gammage, a spokesman for the venture said in the statement.
Arizona has a reputation as being a technology-friendly state. Several major players in the autonomous vehicle industry -- Waymo, Uber and Intel -- are testing their innovations in the state.
The investment is the latest example of excitement surrounding rebuilding cities from the ground up with a digital mind-set....”
”...Bill Gates invests $80 million to build Arizona smart city
Bill Gates wants to build a futuristic community in Arizona.
A group associated with a Gates investment company has invested $80 million in a high-tech planned development outside Phoenix.
The community in Belmont will be designed around high-speed networks, autonomous vehicles, high-speed digital networks, data centers, new manufacturing technologies and autonomous logistics hubs.
It's unclear how much former Microsoft CEO Gates, who owns Belmont's parent company Cascade Investment, will be involved in the effort.
Belmont Partners, the Arizona-based real investment group that's leading the project, said it will be similar in size to nearby Tempe, Arizona, which has a population of 182,000.
"Envisioning future infrastructure from scratch is far easier and more cost efficient than retrofitting an existing urban fabric," Grady Gammage, a spokesman for the venture said in the statement.
Arizona has a reputation as being a technology-friendly state. Several major players in the autonomous vehicle industry -- Waymo, Uber and Intel -- are testing their innovations in the state.
The investment is the latest example of excitement surrounding rebuilding cities from the ground up with a digital mind-set....”
”...KERR MINES INC. (OTCQB:-KERMF) GOLD RUNNER!! ON-FULL-ALERT-MONDAY!
MY HUGE NEW PICK IS KERR MINES INC. (OTCQB: KERMF) GOLD RUNNER!!
KERMF is sitting on $5,065,452 in cash!
KERMF management team full of some BIG players.
KERMF already drilling on their flagship property.
KERMF rasing alot of Capital Fast
KERMF lots of cash: $5,065,452 in the treasury
Good Afternoon Traders,
We have something BIG for tomorrow!
My Huge New Pick is Kerr Mines Inc. (OTCQB: KERMF)
Currently at $0.244 KERMF has been moving steadily higher over the past few months from well under a dime to recent highs over $0.30 a share. After some consolidation KERMF has been on the rise again and we are all over it.
KERMF is at the right place at the right time! Gold prices have recovered from just around $1,120 to over $1,360 an ounce since December 2016….with a small pullback in Gold we’re strategically positioning our subscribers with a low entry point!
Kerr Mines Inc. (KERMF) is a gold development and exploration company that is the sole owner of the past producing Copperstone Mine project located in the mining-friendly state of Arizona. Located along the Walker Lane mineral belt, KERMF Copperstone Mine is a high-grade gold project stretched across 12,000 acres that produced over 500,000 ounces of gold between 1987-1993 until the mine reached its economic limit; leaving behind existing underground workings such as power and water distribution systems, tailings storage facility, and surface buildings including an assay lab.
KERMF Chairman, Fahad Al Tamimi was previously President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country. He was also a 50% partner of Worley Parsons Arabia, which undertook a mining project worth over $5 billion in Saudi Arabia.
”...KERR MINES INC. (OTCQB:-KERMF) GOLD RUNNER!! ON-FULL-ALERT-MONDAY!
MY HUGE NEW PICK IS KERR MINES INC. (OTCQB: KERMF) GOLD RUNNER!!
KERMF is sitting on $5,065,452 in cash!
KERMF management team full of some BIG players.
KERMF already drilling on their flagship property.
KERMF rasing alot of Capital Fast
KERMF lots of cash: $5,065,452 in the treasury
Good Afternoon Traders,
We have something BIG for tomorrow!
My Huge New Pick is Kerr Mines Inc. (OTCQB: KERMF)
Currently at $0.244 KERMF has been moving steadily higher over the past few months from well under a dime to recent highs over $0.30 a share. After some consolidation KERMF has been on the rise again and we are all over it.
KERMF is at the right place at the right time! Gold prices have recovered from just around $1,120 to over $1,360 an ounce since December 2016….with a small pullback in Gold we’re strategically positioning our subscribers with a low entry point!
Kerr Mines Inc. (KERMF) is a gold development and exploration company that is the sole owner of the past producing Copperstone Mine project located in the mining-friendly state of Arizona. Located along the Walker Lane mineral belt, KERMF Copperstone Mine is a high-grade gold project stretched across 12,000 acres that produced over 500,000 ounces of gold between 1987-1993 until the mine reached its economic limit; leaving behind existing underground workings such as power and water distribution systems, tailings storage facility, and surface buildings including an assay lab.
KERMF Chairman, Fahad Al Tamimi was previously President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country. He was also a 50% partner of Worley Parsons Arabia, which undertook a mining project worth over $5 billion in Saudi Arabia.
”...KERR MINES INC. (OTCQB:-KERMF) GOLD RUNNER!! ON-FULL-ALERT-MONDAY!
MY HUGE NEW PICK IS KERR MINES INC. (OTCQB: KERMF) GOLD RUNNER!!
KERMF is sitting on $5,065,452 in cash!
KERMF management team full of some BIG players.
KERMF already drilling on their flagship property.
KERMF rasing alot of Capital Fast
KERMF lots of cash: $5,065,452 in the treasury
Good Afternoon Traders,
We have something BIG for tomorrow!
My Huge New Pick is Kerr Mines Inc. (OTCQB: KERMF)
Currently at $0.244 KERMF has been moving steadily higher over the past few months from well under a dime to recent highs over $0.30 a share. After some consolidation KERMF has been on the rise again and we are all over it.
KERMF is at the right place at the right time! Gold prices have recovered from just around $1,120 to over $1,360 an ounce since December 2016….with a small pullback in Gold we’re strategically positioning our subscribers with a low entry point!
Kerr Mines Inc. (KERMF) is a gold development and exploration company that is the sole owner of the past producing Copperstone Mine project located in the mining-friendly state of Arizona. Located along the Walker Lane mineral belt, KERMF Copperstone Mine is a high-grade gold project stretched across 12,000 acres that produced over 500,000 ounces of gold between 1987-1993 until the mine reached its economic limit; leaving behind existing underground workings such as power and water distribution systems, tailings storage facility, and surface buildings including an assay lab.
KERMF Chairman, Fahad Al Tamimi was previously President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country. He was also a 50% partner of Worley Parsons Arabia, which undertook a mining project worth over $5 billion in Saudi Arabia.
In order to access the unexplored resources, KERMF has Commenced Underground Drilling to test the extensions of the resources and new untested areas. Previous mineral resource tabulations report an extension area of the mine has a mineral resource of 313,000 ounces with an overall total of 904,000 proven tonnes of gold however, the company is currently Conducting a New Feasibility Study to update resource information. With both an underground and surface program underway, KEMRF is actively focusing on executing its two-pronged strategy to maximize and strengthen the mine’s potential to advance a production decision.
”...KERR MINES INC. (OTCQB:-KERMF) GOLD RUNNER!! ON-FULL-ALERT-MONDAY!
MY HUGE NEW PICK IS KERR MINES INC. (OTCQB: KERMF) GOLD RUNNER!!
KERMF is sitting on $5,065,452 in cash!
KERMF management team full of some BIG players.
KERMF already drilling on their flagship property.
KERMF rasing alot of Capital Fast
KERMF lots of cash: $5,065,452 in the treasury
Good Afternoon Traders,
We have something BIG for tomorrow!
My Huge New Pick is Kerr Mines Inc. (OTCQB: KERMF)
Currently at $0.244 KERMF has been moving steadily higher over the past few months from well under a dime to recent highs over $0.30 a share. After some consolidation KERMF has been on the rise again and we are all over it.
KERMF is at the right place at the right time! Gold prices have recovered from just around $1,120 to over $1,360 an ounce since December 2016….with a small pullback in Gold we’re strategically positioning our subscribers with a low entry point!
Kerr Mines Inc. (KERMF) is a gold development and exploration company that is the sole owner of the past producing Copperstone Mine project located in the mining-friendly state of Arizona. Located along the Walker Lane mineral belt, KERMF Copperstone Mine is a high-grade gold project stretched across 12,000 acres that produced over 500,000 ounces of gold between 1987-1993 until the mine reached its economic limit; leaving behind existing underground workings such as power and water distribution systems, tailings storage facility, and surface buildings including an assay lab.
KERMF Chairman, Fahad Al Tamimi was previously President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country. He was also a 50% partner of Worley Parsons Arabia, which undertook a mining project worth over $5 billion in Saudi Arabia.
”...KERR MINES INC. (OTCQB:-KERMF) GOLD RUNNER!! ON-FULL-ALERT-MONDAY!
MY HUGE NEW PICK IS KERR MINES INC. (OTCQB: KERMF) GOLD RUNNER!!
KERMF is sitting on $5,065,452 in cash!
KERMF management team full of some BIG players.
KERMF already drilling on their flagship property.
KERMF rasing alot of Capital Fast
KERMF lots of cash: $5,065,452 in the treasury
Good Afternoon Traders,
We have something BIG for tomorrow!
My Huge New Pick is Kerr Mines Inc. (OTCQB: KERMF)
Currently at $0.244 KERMF has been moving steadily higher over the past few months from well under a dime to recent highs over $0.30 a share. After some consolidation KERMF has been on the rise again and we are all over it.
KERMF is at the right place at the right time! Gold prices have recovered from just around $1,120 to over $1,360 an ounce since December 2016….with a small pullback in Gold we’re strategically positioning our subscribers with a low entry point!
Kerr Mines Inc. (KERMF) is a gold development and exploration company that is the sole owner of the past producing Copperstone Mine project located in the mining-friendly state of Arizona. Located along the Walker Lane mineral belt, KERMF Copperstone Mine is a high-grade gold project stretched across 12,000 acres that produced over 500,000 ounces of gold between 1987-1993 until the mine reached its economic limit; leaving behind existing underground workings such as power and water distribution systems, tailings storage facility, and surface buildings including an assay lab.
KERMF Chairman, Fahad Al Tamimi was previously President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country. He was also a 50% partner of Worley Parsons Arabia, which undertook a mining project worth over $5 billion in Saudi Arabia.
“...How Oil Could Lift Gold Prices
By Peter Reagan
Friday, 10 Nov 2017 08:39
As part of their ongoing effort to overhaul their economy and reduce their dependence on oil, Saudi Arabia is moving forward with their plans to take Aramco public.
The state-owned petroleum and natural gas company expects its IPO (initial public offering) value to hit the market at around $2 trillion. If this should happen, it will overtake Alibaba’s 2004 IPO to become the biggest IPO in history.
With billions of dollars at stake, Saudi officials have yet to decide which stock exchange they want to host their company. Their CEO, Amin Nasser, recently told CNNMoney:
“We looked at the different venues, which are New York, London, Hong Kong, Tokyo… We are taking time for the shareholders [the ruling family] to look at all the data … and then the decision where to list … will come in due course.”
In light of this, President Trump openly expressed his desire for Aramco to go public on the New York Stock Exchange by tweeting his sentiments which you can see here.
Hiking Oil Prices
In order to take Aramco public, and enhance its IPO value upon entering the stock market, oil prices need to be high. To achieve this, Saudi Arabia has already cut back its production.
This has been facilitated by the fact that, after more than 70 years of collective leadership, the Saudi Crown Prince Mohammed bin Salman, is now the de facto ruler of Saudi Arabia.
This means he is free to make unilateral decisions, including taking measures to manipulate the price of oil.
Gas prices are up and rising in the US and could go even higher if Saudi Arabia restricts supply more than they already have. Remember, the higher the price of oil, the more money the Saudis will make when they take Aramco public — regardless of which exchange they choose for the IPO.
How an Increase in Oil Prices Could Send Gold Prices Soaring
So what do oil prices have to do with gold?
It turns out there’s a direct relationship between gold and crude oil. Their price action correlates more than 60% of the time. So if oil prices rise, there is a significant probability that the price of gold will increase as well.
You can see this for yourself with a chart that compares the historical prices of gold and oil going back to January 2007 which is available here.
What’s more, we depend on oil to fuel our industries. This means when a rise in the price of oil occurs, economic growth as a whole is negatively affected. Manufacturing businesses may have to raise prices and cut back production to soak up the additional cost of oil.
Pullbacks in manufacturing can lead to a fall in equity markets. When this happens, demand grows for precious metals, which causes gold prices to increase.
But is there anything else in happening in Saudi Arabia that could affect gold prices? Yes, there is.
Tensions Rising with Iran
Until now, a shared power structure has been the foundation for stability in Saudi Arabia. However, with Mohammed bin Salman (MBS) taking the reigns, we can expect growing instability in the region.
MBS has expressed his hostility toward Iran in the past. And now, after consolidating power, he’s becoming more aggressive.
Tensions heated between the two countries this week after Iran targeted Saudi Arabia’s main airport with a Houthi rebel missile. MBS called it an “Act of War”, and given his aggressive nature, we shouldn’t take his words lightly.
A possible conflict with Iran, together with Saudi Arabia intentional cutting supply to drive oil prices up, could quickly lead to higher gold prices in the next few months.
“...How Oil Could Lift Gold Prices
By Peter Reagan
Friday, 10 Nov 2017 08:39
As part of their ongoing effort to overhaul their economy and reduce their dependence on oil, Saudi Arabia is moving forward with their plans to take Aramco public.
The state-owned petroleum and natural gas company expects its IPO (initial public offering) value to hit the market at around $2 trillion. If this should happen, it will overtake Alibaba’s 2004 IPO to become the biggest IPO in history.
With billions of dollars at stake, Saudi officials have yet to decide which stock exchange they want to host their company. Their CEO, Amin Nasser, recently told CNNMoney:
“We looked at the different venues, which are New York, London, Hong Kong, Tokyo… We are taking time for the shareholders [the ruling family] to look at all the data … and then the decision where to list … will come in due course.”
In light of this, President Trump openly expressed his desire for Aramco to go public on the New York Stock Exchange by tweeting his sentiments which you can see here.
Hiking Oil Prices
In order to take Aramco public, and enhance its IPO value upon entering the stock market, oil prices need to be high. To achieve this, Saudi Arabia has already cut back its production.
This has been facilitated by the fact that, after more than 70 years of collective leadership, the Saudi Crown Prince Mohammed bin Salman, is now the de facto ruler of Saudi Arabia.
This means he is free to make unilateral decisions, including taking measures to manipulate the price of oil.
Gas prices are up and rising in the US and could go even higher if Saudi Arabia restricts supply more than they already have. Remember, the higher the price of oil, the more money the Saudis will make when they take Aramco public — regardless of which exchange they choose for the IPO.
How an Increase in Oil Prices Could Send Gold Prices Soaring
So what do oil prices have to do with gold?
It turns out there’s a direct relationship between gold and crude oil. Their price action correlates more than 60% of the time. So if oil prices rise, there is a significant probability that the price of gold will increase as well.
You can see this for yourself with a chart that compares the historical prices of gold and oil going back to January 2007 which is available here.
What’s more, we depend on oil to fuel our industries. This means when a rise in the price of oil occurs, economic growth as a whole is negatively affected. Manufacturing businesses may have to raise prices and cut back production to soak up the additional cost of oil.
Pullbacks in manufacturing can lead to a fall in equity markets. When this happens, demand grows for precious metals, which causes gold prices to increase.
But is there anything else in happening in Saudi Arabia that could affect gold prices? Yes, there is.
Tensions Rising with Iran
Until now, a shared power structure has been the foundation for stability in Saudi Arabia. However, with Mohammed bin Salman (MBS) taking the reigns, we can expect growing instability in the region.
MBS has expressed his hostility toward Iran in the past. And now, after consolidating power, he’s becoming more aggressive.
Tensions heated between the two countries this week after Iran targeted Saudi Arabia’s main airport with a Houthi rebel missile. MBS called it an “Act of War”, and given his aggressive nature, we shouldn’t take his words lightly.
A possible conflict with Iran, together with Saudi Arabia intentional cutting supply to drive oil prices up, could quickly lead to higher gold prices in the next few months.
https://www.wallstreetpr.com
https://www.wallstreetpr.com/gold-stocks-in-focus-kerr-mines-inc-kermf-goldcorp-nysegg-newmont-mining-corp-nysenem-agnico-eagle-mines-nyseaem-40447
Gold Stocks In Focus: KERR Mines Inc (KERMF), Goldcorp (NYSE:GG), Newmont Mining Corp (NYSE:NEM), Agnico Eagle Mines (NYSE:AEM)
By Swati Goyal - November 10, 2017 457 0
Gold stocks are still turning heads and increasingly find position in the traders and investors portfolio. Some of the notable gold stocks include Goldcorp (NYSE:GG), Newmont Mining Corp (NYSE:NEM), Agnico Eagle Mines (NYSE:AEM).
At the same time, there’s another side of the story that belongs to gold mining stocks that have kept pace with gold prices, thus proving to be great investment options for investors looking to leverage rising gold prices. Kerr Mines (TSX:KER) (OTC:KERMF) is a fine example.
“The past 12 months have been an incredible journey” said Claudio Ciavarella, CEO Kerr Mines. “The Company has completely transformed itself and has made tremendous strides forward. On behalf of your Board and the Management team, we believe the coming year will be another positive step forward in the execution of our strategy”.
There’s just something about gold… it’s nice to own and invest in, but it can be fraught with problems when you try to analyze what a company’s worth. We found a good one in Kerr Mines (TSX: KER) (OTC:KERMF).
We’re not the only gold bugs who’ve shown an interest in Kerr Mines. Precious metals guru Eric Sprott holds a 9.4% position and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks.
Kerr Mines owns the Copperstone Mine in Northern Arizona, which is a late-stage development and former producer of gold. Copperstone consists of an 11,800-acre land package that historically produced 500,000 ounces of gold.
Now having lots of acreage doesn’t necessarily mean it’s all ripe with nuggets of gold just waiting to be picked up, but in Kerr Mines (TSX: KER) (OTC: KERMF)’s case, its damn near that rich – and WAY UNDERVALUED in share price, which we’ll explain further on..
https://www.wallstreetpr.com
https://www.wallstreetpr.com/gold-stocks-in-focus-kerr-mines-inc-kermf-goldcorp-nysegg-newmont-mining-corp-nysenem-agnico-eagle-mines-nyseaem-40447
Gold Stocks In Focus: KERR Mines Inc (KERMF), Goldcorp (NYSE:GG), Newmont Mining Corp (NYSE:NEM), Agnico Eagle Mines (NYSE:AEM)
By Swati Goyal - November 10, 2017 457 0
Gold stocks are still turning heads and increasingly find position in the traders and investors portfolio. Some of the notable gold stocks include Goldcorp (NYSE:GG), Newmont Mining Corp (NYSE:NEM), Agnico Eagle Mines (NYSE:AEM).
At the same time, there’s another side of the story that belongs to gold mining stocks that have kept pace with gold prices, thus proving to be great investment options for investors looking to leverage rising gold prices. Kerr Mines (TSX:KER) (OTC:KERMF) is a fine example.
“The past 12 months have been an incredible journey” said Claudio Ciavarella, CEO Kerr Mines. “The Company has completely transformed itself and has made tremendous strides forward. On behalf of your Board and the Management team, we believe the coming year will be another positive step forward in the execution of our strategy”.
There’s just something about gold… it’s nice to own and invest in, but it can be fraught with problems when you try to analyze what a company’s worth. We found a good one in Kerr Mines (TSX: KER) (OTC:KERMF).
We’re not the only gold bugs who’ve shown an interest in Kerr Mines. Precious metals guru Eric Sprott holds a 9.4% position and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks.
Kerr Mines owns the Copperstone Mine in Northern Arizona, which is a late-stage development and former producer of gold. Copperstone consists of an 11,800-acre land package that historically produced 500,000 ounces of gold.
Now having lots of acreage doesn’t necessarily mean it’s all ripe with nuggets of gold just waiting to be picked up, but in Kerr Mines (TSX: KER) (OTC: KERMF)’s case, its damn near that rich – and WAY UNDERVALUED in share price, which we’ll explain further on..
https://www.wallstreetpr.com
https://www.wallstreetpr.com/gold-stocks-in-focus-kerr-mines-inc-kermf-goldcorp-nysegg-newmont-mining-corp-nysenem-agnico-eagle-mines-nyseaem-40447
Gold Stocks In Focus: KERR Mines Inc (KERMF), Goldcorp (NYSE:GG), Newmont Mining Corp (NYSE:NEM), Agnico Eagle Mines (NYSE:AEM)
By Swati Goyal - November 10, 2017 457 0
Gold stocks are still turning heads and increasingly find position in the traders and investors portfolio. Some of the notable gold stocks include Goldcorp (NYSE:GG), Newmont Mining Corp (NYSE:NEM), Agnico Eagle Mines (NYSE:AEM).
At the same time, there’s another side of the story that belongs to gold mining stocks that have kept pace with gold prices, thus proving to be great investment options for investors looking to leverage rising gold prices. Kerr Mines (TSX:KER) (OTC:KERMF) is a fine example.
“The past 12 months have been an incredible journey” said Claudio Ciavarella, CEO Kerr Mines. “The Company has completely transformed itself and has made tremendous strides forward. On behalf of your Board and the Management team, we believe the coming year will be another positive step forward in the execution of our strategy”.
There’s just something about gold… it’s nice to own and invest in, but it can be fraught with problems when you try to analyze what a company’s worth. We found a good one in Kerr Mines (TSX: KER) (OTC:KERMF).
We’re not the only gold bugs who’ve shown an interest in Kerr Mines. Precious metals guru Eric Sprott holds a 9.4% position and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks.
Kerr Mines owns the Copperstone Mine in Northern Arizona, which is a late-stage development and former producer of gold. Copperstone consists of an 11,800-acre land package that historically produced 500,000 ounces of gold.
Now having lots of acreage doesn’t necessarily mean it’s all ripe with nuggets of gold just waiting to be picked up, but in Kerr Mines (TSX: KER) (OTC: KERMF)’s case, its damn near that rich – and WAY UNDERVALUED in share price, which we’ll explain further on..
Kerr Mines Announces $5 Million Non-Brokered Private Placement
NEWS PROVIDED BY
Kerr Mines Inc.
06:30 ET
TORONTO, Nov. 10, 2017 /PRNewswire/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTCQB: KERMF, FRA: 7AZ1) announces that it intends to complete a proposed private placement offering of approximately 16,666,667 common shares of the Company ("Shares") at a price of $0.30 per Share for gross proceeds of $5 million (the "Offering"). The Company will use the net proceeds from the Offering to finance its ongoing exploration program at its flagship Copperstone Mine in Arizona
"This financing represents another positive milestone in advancing Copperstone's development," stated Claudio Ciavarella Kerr's Chief Executive Officer. "With the recent success of the first phase of our exploration program we continue to remain focused on moving the project towards the successful completion of our updated resource and pre-feasibility Study in Q1 of 2018 and subsequent production decision."
The pricing of this financing is offered at a 7% discount to the 30 day volume weighted market closing price of $0.32 per share.
The Offering is scheduled to close on or about November 30, 2017 and the Company may complete the total Offering in one or more tranches. The Offering has been conditionally approved by the Toronto Stock Exchange ("TSX") but remains subject to final approval from the TSX.
The Common Shares issued pursuant to the Offering are subject to a four month hold period in accordance with applicable securities laws.
About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 12,000 acre land package which includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.
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.
SOURCE Kerr Mines Inc.
Related Links
www.kerrmines.com
Kerr Mines Announces $5 Million Non-Brokered Private Placement
NEWS PROVIDED BY
Kerr Mines Inc.
06:30 ET
TORONTO, Nov. 10, 2017 /PRNewswire/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTCQB: KERMF, FRA: 7AZ1) announces that it intends to complete a proposed private placement offering of approximately 16,666,667 common shares of the Company ("Shares") at a price of $0.30 per Share for gross proceeds of $5 million (the "Offering"). The Company will use the net proceeds from the Offering to finance its ongoing exploration program at its flagship Copperstone Mine in Arizona
"This financing represents another positive milestone in advancing Copperstone's development," stated Claudio Ciavarella Kerr's Chief Executive Officer. "With the recent success of the first phase of our exploration program we continue to remain focused on moving the project towards the successful completion of our updated resource and pre-feasibility Study in Q1 of 2018 and subsequent production decision."
The pricing of this financing is offered at a 7% discount to the 30 day volume weighted market closing price of $0.32 per share.
The Offering is scheduled to close on or about November 30, 2017 and the Company may complete the total Offering in one or more tranches. The Offering has been conditionally approved by the Toronto Stock Exchange ("TSX") but remains subject to final approval from the TSX.
The Common Shares issued pursuant to the Offering are subject to a four month hold period in accordance with applicable securities laws.
About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 12,000 acre land package which includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.
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.
SOURCE Kerr Mines Inc.
Related Links
www.kerrmines.com
Why Kerr Mines Inc’s (TSX:KER) Investor Composition Impacts Your Returns
Ricardo Crouch
November 9, 2017
I am going to take a deep dive into Kerr Mines Inc’s (TSX:KER) most recent ownership structure, not a frequent subject of discussion among individual investors. Ownership structure of a company has been found to affect share performance over time. If an activist institution invests the same amount of capital in a stock as a passive long-term pension fund, the implications are potentially different for key corporate financing decisions such as the use of excess cash or the source of financing. While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity. Now I will analyze KER’s shareholder registry in more detail.
Why Kerr Mines Inc’s (TSX:KER) Investor Composition Impacts Your Returns
Ricardo Crouch
November 9, 2017
I am going to take a deep dive into Kerr Mines Inc’s (TSX:KER) most recent ownership structure, not a frequent subject of discussion among individual investors. Ownership structure of a company has been found to affect share performance over time. If an activist institution invests the same amount of capital in a stock as a passive long-term pension fund, the implications are potentially different for key corporate financing decisions such as the use of excess cash or the source of financing. While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity. Now I will analyze KER’s shareholder registry in more detail.