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"...How A Gold Explorer with Past-Producing, Fully Permitted Arizona Mine Surges
SAN FRANCISCO, CA--(Marketwired - August 31, 2017) - A past-producing mine in Arizona comes back to life with a new, well-financed and disciplined management team.
Company included in article: Kerr Mines Inc.
Kerr Mines Inc.'s (TSX: KER) (OTC: KERMF) Copperstone project in Arizona is an example of the old mining adage, "The best place to look for a new mine is near the headframe of an old mine." The project is a historical 500,000-ounce gold producer with blue-sky exploration that has significant development and production infrastructure in place and ready for use.
Copperstone was mined by Cyprus Minerals as a heap-leach surface mine from 1989 to 1993, when it was decommissioned. Between 2010 and 2014, American Bonanza developed a small underground operation that was put on care and maintenance due to engineering and financial issues, as well as a downward trending gold price.
The previous owners of the mine had made large investments in infrastructure. The existing underground access, mill, surface impoundments and related infrastructure are well built and are in sound working condition, according to the company.
"...How A Gold Explorer with Past-Producing, Fully Permitted Arizona Mine Surges
SAN FRANCISCO, CA--(Marketwired - August 31, 2017) - A past-producing mine in Arizona comes back to life with a new, well-financed and disciplined management team.
Company included in article: Kerr Mines Inc.
Kerr Mines Inc.'s (TSX: KER) (OTC: KERMF) Copperstone project in Arizona is an example of the old mining adage, "The best place to look for a new mine is near the headframe of an old mine." The project is a historical 500,000-ounce gold producer with blue-sky exploration that has significant development and production infrastructure in place and ready for use.
Copperstone was mined by Cyprus Minerals as a heap-leach surface mine from 1989 to 1993, when it was decommissioned. Between 2010 and 2014, American Bonanza developed a small underground operation that was put on care and maintenance due to engineering and financial issues, as well as a downward trending gold price.
The previous owners of the mine had made large investments in infrastructure. The existing underground access, mill, surface impoundments and related infrastructure are well built and are in sound working condition, according to the company.
Britain and Europe are butting heads over Brexit.
What had been cordial if unproductive negotiations turned into a brawl this week over how much the U.K. should pay to leave the European Union, an issue the EU says must be settled before the future relationship can be discussed.
Investors are worried that Britain risks an acrimonious divorce from its biggest trading partner unless the discussions start to yield results soon. Fourteen months have passed since the U.K. voted to leave the EU, and five months since it gave the bloc formal notice, starting the countdown to departure in March 2019.
"We did not get any decisive progress on any of the principal subjects," chief EU negotiator Michel Barnier told reporters on Thursday after three days of talks. "Time is flying. It's passing very quickly."
Gold Explorer with Past-Producing, Fully Permitted Arizona Mine Surges
Kerr Mines Inc.'s (KER:TSX; KERMF:OTC) Copperstone project in Arizona is an example of the old mining adage, "The best place to look for a new mine is near the headframe of an old mine." The project is a historical 500,000-ounce gold producer with blue-sky exploration that has significant development and production infrastructure in place and ready for use.
Copperstone was mined by Cyprus Minerals as a heap-leach surface mine from 1989 to 1993, when it was decommissioned. Between 2010 and 2014, American Bonanza developed a small underground operation that was put on care and maintenance due to engineering and financial issues, as well as a downward trending gold price.
The previous owners of the mine had made large investments in infrastructure. The existing underground access, mill, surface impoundments and related infrastructure are well built and are in sound working condition, according to the company. The infrastructure investments were made relatively recently, and cost the previous operator between CA$50 million and CA$60 million; today they would cost over CA$100 million to replicate, Kerr CEO Claudio Ciavarella told Streetwise Reports.
In 2014, Kerr Mines acquired the fully permitted property. Kerr kept the property in care and maintenance until early 2016. At that point, it began a complete financial restructuring that elevated Copperstone to the sole priority focus.
Kerr Mines plans to focus its efforts on better definition of the resources at Copperstone. In early August, the company announced that it had appointed Hard Rock Consulting to conduct a prefeasibility study (PFS) on the mine. In the news release Kerr stated that the prefeasibility study "will be the basis for the decision to proceed towards production of the Copperstone Mine." The study is expected to be completed by Q1/18.
In the same announcement, Kerr Mines reported that it awarding a contract to Godbe Drilling to conduct surface and underground drill programs, and to DMC Mining Services Corp. for underground development. "The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable," the company stated.
The company reported on Aug. 15 that it had initiated the first phase of surface drilling at Copperstone: "Approximately 15,000 feet of drilling is allocated to the first phase with the goals of further defining the parallel Footwall Zone and increasing the existing resource in the Copperstone Zone." Kerr noted that the objective of the drilling is to "continue to build from prior successful drilling results in the Footwall Zone, which has indicated similar inclination attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to strengthen the Copperstone Zone along strike and increase its down dip extension."
Martin Kostuik, president of Kerr Mines, commented that "the 2017 Copperstone exploration program is the cornerstone for the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision."
On Aug. 21, Kerr reported that the underground drill access mine development has begun. According to the company, "approximately 1,200 feet of new exploration drift is planned to be completed in the first phase. This drift will provide first-time underground drill access to facilitate further definition of the parallel Footwall Zone and to enhance the existing resource in the Copperstone Zone."
The recently completed financing provides insight into the optimism of management and inside investors for the project. The initial goal was to raise $5 million. Actual receipts were $8 million. The offering price was $0.18, yet the stock maintained strength in the $0.22–24 range until drifting slightly lower in the last few weeks to around $0.20, and then surging on Aug. 24 to $0.27.
More than two-thirds of the outstanding stock of Kerr is tightly held. The three largest shareholders—CEO Claudio Ciavarella, Chairman of the Board Fahad Al Tamimi, and Eric Sprott—own 42% of the outstanding shares, which provides a clear indication of their commitment and alignment with shareholders. Another small group of institutional owners owns an additional 20%. Additionally, the debt is friendly as it is held by both the Chairman and CEO.
Glenn Olnick, a long-time investor in the project, told Streetwise Reports that the project has a lot going for it: "Copperstone is in the U.S., is high grade, is permitted, has lots of water, and has power on site. There is a mill and labs; all the infrastructure is there, which the company is basically getting for free. Cyprus produced 0.5 Moz gold there, so we know that there is gold and that it can be produced."
"The project was never drilled out properly; at long last we are going to drill it using all the science that we can," Olnick concluded.
Technical analyst Clive Maund noted in June that Kerr shares were "basically driven into the ground by a combination of adverse sector conditions and bad management, but what has happened since is that management has been cleaned up, the company has acquired a fully permitted mine in mining friendly Arizona that can brought to production relatively quickly, and lately some powerful and well-known investors have been taking positions, investors who are not renowned for getting it wrong."
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page...."
Gold Explorer with Past-Producing, Fully Permitted Arizona Mine Surges
Kerr Mines Inc.'s (KER:TSX; KERMF:OTC) Copperstone project in Arizona is an example of the old mining adage, "The best place to look for a new mine is near the headframe of an old mine." The project is a historical 500,000-ounce gold producer with blue-sky exploration that has significant development and production infrastructure in place and ready for use.
Copperstone was mined by Cyprus Minerals as a heap-leach surface mine from 1989 to 1993, when it was decommissioned. Between 2010 and 2014, American Bonanza developed a small underground operation that was put on care and maintenance due to engineering and financial issues, as well as a downward trending gold price.
The previous owners of the mine had made large investments in infrastructure. The existing underground access, mill, surface impoundments and related infrastructure are well built and are in sound working condition, according to the company. The infrastructure investments were made relatively recently, and cost the previous operator between CA$50 million and CA$60 million; today they would cost over CA$100 million to replicate, Kerr CEO Claudio Ciavarella told Streetwise Reports.
In 2014, Kerr Mines acquired the fully permitted property. Kerr kept the property in care and maintenance until early 2016. At that point, it began a complete financial restructuring that elevated Copperstone to the sole priority focus.
Kerr Mines plans to focus its efforts on better definition of the resources at Copperstone. In early August, the company announced that it had appointed Hard Rock Consulting to conduct a prefeasibility study (PFS) on the mine. In the news release Kerr stated that the prefeasibility study "will be the basis for the decision to proceed towards production of the Copperstone Mine." The study is expected to be completed by Q1/18.
In the same announcement, Kerr Mines reported that it awarding a contract to Godbe Drilling to conduct surface and underground drill programs, and to DMC Mining Services Corp. for underground development. "The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable," the company stated.
The company reported on Aug. 15 that it had initiated the first phase of surface drilling at Copperstone: "Approximately 15,000 feet of drilling is allocated to the first phase with the goals of further defining the parallel Footwall Zone and increasing the existing resource in the Copperstone Zone." Kerr noted that the objective of the drilling is to "continue to build from prior successful drilling results in the Footwall Zone, which has indicated similar inclination attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to strengthen the Copperstone Zone along strike and increase its down dip extension."
Martin Kostuik, president of Kerr Mines, commented that "the 2017 Copperstone exploration program is the cornerstone for the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision."
On Aug. 21, Kerr reported that the underground drill access mine development has begun. According to the company, "approximately 1,200 feet of new exploration drift is planned to be completed in the first phase. This drift will provide first-time underground drill access to facilitate further definition of the parallel Footwall Zone and to enhance the existing resource in the Copperstone Zone."
The recently completed financing provides insight into the optimism of management and inside investors for the project. The initial goal was to raise $5 million. Actual receipts were $8 million. The offering price was $0.18, yet the stock maintained strength in the $0.22–24 range until drifting slightly lower in the last few weeks to around $0.20, and then surging on Aug. 24 to $0.27.
More than two-thirds of the outstanding stock of Kerr is tightly held. The three largest shareholders—CEO Claudio Ciavarella, Chairman of the Board Fahad Al Tamimi, and Eric Sprott—own 42% of the outstanding shares, which provides a clear indication of their commitment and alignment with shareholders. Another small group of institutional owners owns an additional 20%. Additionally, the debt is friendly as it is held by both the Chairman and CEO.
Glenn Olnick, a long-time investor in the project, told Streetwise Reports that the project has a lot going for it: "Copperstone is in the U.S., is high grade, is permitted, has lots of water, and has power on site. There is a mill and labs; all the infrastructure is there, which the company is basically getting for free. Cyprus produced 0.5 Moz gold there, so we know that there is gold and that it can be produced."
"The project was never drilled out properly; at long last we are going to drill it using all the science that we can," Olnick concluded.
Technical analyst Clive Maund noted in June that Kerr shares were "basically driven into the ground by a combination of adverse sector conditions and bad management, but what has happened since is that management has been cleaned up, the company has acquired a fully permitted mine in mining friendly Arizona that can brought to production relatively quickly, and lately some powerful and well-known investors have been taking positions, investors who are not renowned for getting it wrong."
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page...."
KERR MINES INC.
100 Government Road PO Box 130
Virginiatown, ON P0K 1X0
Phone: 705 634-2577
Fax: 705 634-2198
McGarry Minesite Directory
Management:
Extension 12 - Erik Andersen, Vice President Mine Manager
Extension 23 - Mike Ciavarella
Mine Operations:
Extension 13 - Lee Whelan, Mine Captain
Extension 25 - Shift Supervisor
Maintenance:
Extension 22 - Andy Patterson, Master Mechanic Extension 22 or 19 - Pierre Lamy, Chief Electrician
IT Services:
Extension 24 - JP.Fontaine, IT Manager
Geology:
Extension 18 - Jim Thompson, Chief Geologist
Extension 19 - Victor Mela, Project Geologist
Extension 21 - Coreshack
Extension 15 - Ron Bernard, Diamond Drilling Consultant
Security:
Extension 17
KERR MINES INC.
100 Government Road PO Box 130
Virginiatown, ON P0K 1X0
Phone: 705 634-2577
Fax: 705 634-2198
McGarry Project
The McGarry Gold Project consists of 34 contiguous patented mining claims and licences of occupation covering a total area of approximately 484 hectares in the southwestern section of McGarry Township, Ontario. The Project is also host to a mining plant consisting of a three compartment vertical shaft to a depth of 2,290 feet below surface, a 10 foot double drum hoist capable of operating to depths of 4,200 feet, a 105 foot steel headframe, a hoist/compressor building, a dry/shop building and an electric power substation.
Situated within the highly prolific Larder Lake Mining Division, the McGarry Project adjoins the past-producing Kerr Addison Mine property to the west. Production from the Kerr Addison Mine totalled approximately 12 million ounces of gold from 41 million tons of ore over its 58 year operating life. Armistice has identified a mineralized system at a depth of 2,200 feet on the McGarry Project, which is geologically identical to that of the adjacent Kerr Addison property. The Company believes that the mineralized system on the Project represents either a duplicate of, or a downfaulted extension of the Kerr Addison system. As a result, Armistice believes that the McGarry Project has the potential of hosting an extensive gold bearing system similar to that occurring at the Kerr Addison Mine, but extending to greater depth.
From 1985 to 1989, Armistice has spent in excess of $30 million on exploration and development of the McGarry Project. This has included the deepening of the shaft, enlargement and refurbishment of the shaft to bring it up to production capacity, installation of a mining plant to sustain production to 4,000 feet, the completion of approximately 10,000 feet of underground development and over 250,000 feet of exploration drilling. Based on the results of the exploratory underground diamond drilling programs, a total drill indicated resource of 433,981 tons grading 0.25 ounces of gold per ton, or 108,495 ounces of contained gold, has been estimated to a depth of 2,600 feet on the Project.
The McGarry Project is free and clear of all encumbrances and in good standing. Mineral and surface rights are included in the Project title, which is registered to Armistice. Title is maintained through the annual property tax payments to the township of McGarry and the Ministry of Northern Development and Mines. There are no assessment work requirements for continuing tenure.
The McGarry Project is located less than a kilometre west of the town of Virginiatown and approximately 40 kilometres east of the town of Kirkland Lake in northern Ontario. The Armistice mining plant and shaft, located at the eastern end of Barber Lake is easily accessible by means of a short gravel road from paved Highway 66. Access to the rest of the Project area is via bush roads and trails. Electric power is available on site at the Armistice shaft through a substation installed at this location. The area offers abundant infrastructure and ancillary services, including an experienced labour force and custom milling facilities, suitable to support underground mining operations.
McGarry Project
The McGarry Gold Project consists of 34 contiguous patented mining claims and licences of occupation covering a total area of approximately 484 hectares in the southwestern section of McGarry Township, Ontario. The Project is also host to a mining plant consisting of a three compartment vertical shaft to a depth of 2,290 feet below surface, a 10 foot double drum hoist capable of operating to depths of 4,200 feet, a 105 foot steel headframe, a hoist/compressor building, a dry/shop building and an electric power substation.
Situated within the highly prolific Larder Lake Mining Division, the McGarry Project adjoins the past-producing Kerr Addison Mine property to the west. Production from the Kerr Addison Mine totalled approximately 12 million ounces of gold from 41 million tons of ore over its 58 year operating life. Armistice has identified a mineralized system at a depth of 2,200 feet on the McGarry Project, which is geologically identical to that of the adjacent Kerr Addison property. The Company believes that the mineralized system on the Project represents either a duplicate of, or a downfaulted extension of the Kerr Addison system. As a result, Armistice believes that the McGarry Project has the potential of hosting an extensive gold bearing system similar to that occurring at the Kerr Addison Mine, but extending to greater depth.
From 1985 to 1989, Armistice has spent in excess of $30 million on exploration and development of the McGarry Project. This has included the deepening of the shaft, enlargement and refurbishment of the shaft to bring it up to production capacity, installation of a mining plant to sustain production to 4,000 feet, the completion of approximately 10,000 feet of underground development and over 250,000 feet of exploration drilling. Based on the results of the exploratory underground diamond drilling programs, a total drill indicated resource of 433,981 tons grading 0.25 ounces of gold per ton, or 108,495 ounces of contained gold, has been estimated to a depth of 2,600 feet on the Project.
The McGarry Project is free and clear of all encumbrances and in good standing. Mineral and surface rights are included in the Project title, which is registered to Armistice. Title is maintained through the annual property tax payments to the township of McGarry and the Ministry of Northern Development and Mines. There are no assessment work requirements for continuing tenure.
The McGarry Project is located less than a kilometre west of the town of Virginiatown and approximately 40 kilometres east of the town of Kirkland Lake in northern Ontario. The Armistice mining plant and shaft, located at the eastern end of Barber Lake is easily accessible by means of a short gravel road from paved Highway 66. Access to the rest of the Project area is via bush roads and trails. Electric power is available on site at the Armistice shaft through a substation installed at this location. The area offers abundant infrastructure and ancillary services, including an experienced labour force and custom milling facilities, suitable to support underground mining operations.
Former U.S. Ambassador to the UN John Bolton says the U.S. must consider using the military option against North Korea in response to the rogue nation's saber-rattling.
North Korea on Tuesday fired a ballistic missile designed to carry a nuclear payload over Japan, an act of defiance that Bolton says sends a clear message to Tokyo, Seoul and Washington.
In response, President Donald Trump warned Kim Jong Un's regime to stop their "threatening and destabilizing actions," and he said that "all options are on the table" for the U.S.
Bolton said the responsibility of the U.S. government is to protect U.S. citizens, and that's why Trump must keep the military option on the table.
Former U.S. Ambassador to the UN John Bolton says the U.S. must consider using the military option against North Korea in response to the rogue nation's saber-rattling.
North Korea on Tuesday fired a ballistic missile designed to carry a nuclear payload over Japan, an act of defiance that Bolton says sends a clear message to Tokyo, Seoul and Washington.
In response, President Donald Trump warned Kim Jong Un's regime to stop their "threatening and destabilizing actions," and he said that "all options are on the table" for the U.S.
Bolton said the responsibility of the U.S. government is to protect U.S. citizens, and that's why Trump must keep the military option on the table.
"... ANALYSIS Kerr Mines Inc is unchanged today sitting at $0.27. Over the last five days, shares have gained 20.45% and 130.43% year to date. Shares have outperformed the S&P TSX by 138.60% during the last year.
As of Aug 29 2017 13:08 EDT. Data delayed by at least 15 minutes.
https://www.theglobeandmail.com/globe-investor/markets/stocks/news/?q=KER-T
How must the Freeport McMoran shareholders feel about losing...
Unbelievable imho...
http://money.cnn.com/2017/08/29/investing/indonesia-freeport-mcmoran-mine-gold-copper/index.html
For nearly three decades, the world's No. 2 copper mine has been controlled by an American company.
Not anymore.
Freeport-McMoRan (FCX) agreed Tuesday to give up its majority stake in the massive Grasberg gold and copper mine, ceding control to the Indonesian government in what is likely to be seen as a victory for President Joko Widodo.
The U.S. miner's ownership stake will be reduced from 90% to 49%, Indonesia's energy minister Ignasius Jonan said at a joint press conference with Freeport CEO Richard Adkerson. The exact time of the handover is under discussion, they said.
How must the Freeport McMoran shareholders feel about losing...
Unbelievable imho...
http://money.cnn.com/2017/08/29/investing/indonesia-freeport-mcmoran-mine-gold-copper/index.html
For nearly three decades, the world's No. 2 copper mine has been controlled by an American company.
Not anymore.
Freeport-McMoRan (FCX) agreed Tuesday to give up its majority stake in the massive Grasberg gold and copper mine, ceding control to the Indonesian government in what is likely to be seen as a victory for President Joko Widodo.
The U.S. miner's ownership stake will be reduced from 90% to 49%, Indonesia's energy minister Ignasius Jonan said at a joint press conference with Freeport CEO Richard Adkerson. The exact time of the handover is under discussion, they said.
How must the Freeport McMoran shareholders feel about losing...
Unbelievable imho...
http://money.cnn.com/2017/08/29/investing/indonesia-freeport-mcmoran-mine-gold-copper/index.html
For nearly three decades, the world's No. 2 copper mine has been controlled by an American company.
Not anymore.
Freeport-McMoRan (FCX) agreed Tuesday to give up its majority stake in the massive Grasberg gold and copper mine, ceding control to the Indonesian government in what is likely to be seen as a victory for President Joko Widodo.
The U.S. miner's ownership stake will be reduced from 90% to 49%, Indonesia's energy minister Ignasius Jonan said at a joint press conference with Freeport CEO Richard Adkerson. The exact time of the handover is under discussion, they said.
"...Kerr Mines Inc 7AZ1:DEUTSCH PRICE (EUR) 0.197
TODAY'S CHANGE 0.03 / 17.96%
SHARES TRADED 18.00k
1 YEAR CHANGE 159.21%
BETA
--
Data delayed at least 15 minutes, as of Aug 28 2017..."
https://markets.ft.com/data/equities/tearsheet/charts?s=7AZ1:DEU
http://markets.businessinsider.com/stock/kerr_mines_2/price
Finally, these shares seem to be climbing in Europe... Hmmm? http://www.finanzen.net/aktien/Kerr_Mines_2-Aktie
IRW-News: Kerr Mines Inc: Kerr Mines leitet erste Phase der oberirdischen Bohrungen in der Mine Copperstone ein
TORONTO, 15. August 2017 - Kerr Mines Inc. (Kerr oder das Unternehmen) (TSX: KER, OTC: KERMF, FRA: 7AZ1) freut sich, bekannt zu geben, dass das Unternehmen die erste Phase der oberirdischen Erkundungsbohrkampagne für das Explorationsprogramm 2017 und die vorläufige Machbarkeitsstudie in der Mine Copperstone eingeleitet hat. In der ersten Phase werden Bohrungen über rund 15.000 Fuß mit dem Ziel absolviert, die parallele Zone im Liegenden genauer abzugrenzen und die bestehende Ressource in der Zone Copperstone zu erweitern.
Die parallele Zone im Liegenden befindet sich ungefähr 500 Fuß südwestlich der Liegendschicht der Zone Copperzone, die früher im Tage- und Tiefbau abgebaut wurde. Vorherige erfolgreiche Bohrungen zeigten, dass weitere Bohrungen gerechtfertigt sind, um die Zone im Liegenden weiter abzugrenzen.
Das Ziel besteht darin, weiter auf den erfolgreichen Ergebnissen der Bohrungen in der Zone im Liegenden aufzubauen, die anzeigten, dass diese Zone der Zone Copperstone in puncto Neigung, Gesteinstyp, Alteration, Mächtigkeit und Gehalt ähnelt. Außerdem soll das Programm auch die Zone Copperstone entlang des Streichens verstärken und entlang ihres Einfallswinkels erweitern.
"...Peter Damouni
Non-Executive Director
Mr. Damouni has over 16 years of experience in investment banking and capital markets, with expertise in mining and oil and gas. Throughout his career, Mr. Damouni has worked on and led equity and debt financings valued over $5 billion. He has comprehensive experience in equity financing, restructuring, corporate valuations and advisory assignments. Mr. Damouni is a Director of Kerr Mines Inc, a TSX listed gold development & mining company. Mr. Damouni is a graduate of McGill University, Canada. He is a Canadian and British citizen, residing in the United Kingdom.
Kerr Mines leitet erste Phase der oberirdischen Bohrungen in der Mine Copperstone ein
TORONTO, 15. August 2017 - Kerr Mines Inc. („Kerr“ oder das „Unternehmen“) (TSX: KER, OTC: KERMF, FRA: 7AZ1) freut sich, bekannt zu geben, dass das Unternehmen die erste Phase der oberirdischen
Erkundungsbohrkampagne für das Explorationsprogramm 2017 und die vorläufige Machbarkeitsstudie in der Mine Copperstone eingeleitet hat. In der ersten Phase werden Bohrungen über rund 15.000 Fuß mit dem Ziel absolviert, die parallele Zone im Liegenden genauer abzugrenzen und die bestehende Ressource in der Zone Copperstone zu erweitern. Die parallele Zone im Liegenden befindet sich ungefähr 500 Fuß südwestlich der Liegendschicht der Zone Copperzone, die früher im Tage- und Tiefbau abgebaut wurde. Vorherige erfolgreiche Bohrungen zeigten, dass weitere Bohrungen gerechtfertigt sind, um die Zone im Liegenden weiter abzugrenzen.
Kerr Mines leitet erste Phase der oberirdischen Bohrungen in der Mine Copperstone ein | wallstreet-online.de - Vollständiger Artikel unter: ..."
https://www.wallstreet-online.de/nachricht/9827331-kerr-mines-leitet-phase-oberirdischen-bohrungen-mine-copperstone
LONDON (Reuters) - "...Rising geopolitical tensions sent European shares to their lowest in six months on Tuesday after a missile launch by North Korea sent jitters through Asian trading.
The pan-European STOXX 600 fell 1 percent, firmly on track to make August its third month in a row of losses.
Euro zone stocks and blue-chips also slipped 0.9 percent while Britain’s FTSE .FTSE and France’s CAC 40 .FCHI both fell 1 percent.
North Korea fired a missile over northern Japan, prompting reprimands from the Japanese government and hitting Japanese and Korean stocks and the U.S. dollar.
As jitters spread to European markets, all sectors fell and among the only bright spots were gold miners Randgold Resources (RRS.L) and Fresnillo (FRES.L), up 2.6 to 3.2 percent as the price of gold soared to a 9 1/2 month high as investors rushed into safe haven assets.
The VSTOXX .V2TX, a gauge of European investor anxiety, jumped to its highest in a week.
The media sector .SXMP suffered the heaviest losses as Prosiebensat (PSMGn.DE) fell as much as 12 percent after the German television company said it was looking for investors for its TV production and e-commerce units.
A downgrade from Goldman Sachs also weighed on the shares...."
LONDON (Reuters) - "...Rising geopolitical tensions sent European shares to their lowest in six months on Tuesday after a missile launch by North Korea sent jitters through Asian trading.
The pan-European STOXX 600 fell 1 percent, firmly on track to make August its third month in a row of losses.
Euro zone stocks and blue-chips also slipped 0.9 percent while Britain’s FTSE .FTSE and France’s CAC 40 .FCHI both fell 1 percent.
North Korea fired a missile over northern Japan, prompting reprimands from the Japanese government and hitting Japanese and Korean stocks and the U.S. dollar.
As jitters spread to European markets, all sectors fell and among the only bright spots were gold miners Randgold Resources (RRS.L) and Fresnillo (FRES.L), up 2.6 to 3.2 percent as the price of gold soared to a 9 1/2 month high as investors rushed into safe haven assets.
The VSTOXX .V2TX, a gauge of European investor anxiety, jumped to its highest in a week.
The media sector .SXMP suffered the heaviest losses as Prosiebensat (PSMGn.DE) fell as much as 12 percent after the German television company said it was looking for investors for its TV production and e-commerce units.
A downgrade from Goldman Sachs also weighed on the shares...."
San Gold shareholders are looking at zeros https://www.juniorminingnetwork.com/junior-miner-news/press-releases/351-tsx/kdx/34686-klondex-mines-intercepts-5-78-opt-au-over-3-7-ft-at-true-north-mine.html
Disgusting imho
Klondex will walk away with million$
North Korea fires missile over Japan drawing fury
North Korea has fired a missile that flew over northern Japan before crashing into the sea.
No effort was made by the Japanese to shoot down the missile, which was launched early in the morning local time, triggering safety warnings.
Japanese Prime Minister Shinzo Abe called the missile an "unprecedented" threat.
There has a been a wave of North Korean missile tests recently but firing projectiles over Japan is rare.
On Friday and Saturday North Korea fired three short-range missiles into the sea off its eastern coast.
As this latest missile flew towards Japan warning alarms went off across northern Japan, but public broadcaster NHK said there was no sign of any damage.
Mr Abe called the launch an "outrageous act" and an "unprecedented, serious and grave threat [that] greatly damages regional peace and security".
He said his government was doing its utmost to protect people's lives.
North Korea fires missile over Japan drawing fury
North Korea has fired a missile that flew over northern Japan before crashing into the sea.
No effort was made by the Japanese to shoot down the missile, which was launched early in the morning local time, triggering safety warnings.
Japanese Prime Minister Shinzo Abe called the missile an "unprecedented" threat.
There has a been a wave of North Korean missile tests recently but firing projectiles over Japan is rare.
On Friday and Saturday North Korea fired three short-range missiles into the sea off its eastern coast.
As this latest missile flew towards Japan warning alarms went off across northern Japan, but public broadcaster NHK said there was no sign of any damage.
Mr Abe called the launch an "outrageous act" and an "unprecedented, serious and grave threat [that] greatly damages regional peace and security".
He said his government was doing its utmost to protect people's lives.
Dow, Nasdaq futures slide after reports of North Korean missile launch over Japan
Valid point, thanks for the positive info http://www.stockhouse.com/companies/bullboard/v.nvo/novo-resources-corp-common-shares
Now, we just need this type of positive theory regarding Kerr Mine$ and ... https://beta.theglobeandmail.com/globe-investor/investment-ideas/a-wild-theory-and-a-bit-of-gold-spur-novo-resources-surge/article36047443/?ref=https://www.theglobeandmail.com&
http://www.novoresources.com
Contact Details
Novo Resources Corp. Head Office
1075 West Georgia Street
Suite 1980
Vancouver, BC V6E 3C9
Canada
TEL: 1-604-688-9588 FAX: 1-778-329-9361
Australian Office:
Suite 2, 680 Murray Street West Perth WA 6005
PO Box 566 West Perth WA 6872
M: +61 417 093 863
Mailing Address:
Po Box 566
West Perth, Wa 6872
US Office:
500 Coffman Street
Suite 106
Longmont, Co
Usa 80501
Investor Relations:
Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com
Heavy VOLUME @ Kerr Mines today!
http://www.foxbusiness.com/features/2017/08/28/metals-gold-prices-continue-rising-amid-dollar-weakness.html
BTW Jlama, you are very welcome...
Cheer$,
GoldenPolarBear
Well, we just punched through $1307POG...eom http://www.foxbusiness.com/features/2017/08/28/metals-gold-prices-continue-rising-amid-dollar-weakness.html
Well, we just punched through $1306POG... The ASK is UP here at .23 http://www.foxbusiness.com/features/2017/08/28/metals-gold-prices-continue-rising-amid-dollar-weakness.html
On Our Radar Metals: Gold Prices Continue Rising Amid Dollar Weakness
By Amrith Ramkumar
Gold prices continued climbing Monday, buoyed by a weaker dollar after a recent meeting of global central bankers offered few clues about the future of monetary policy.
Gold for December delivery was recently up 0.4% at $1,303.50 a troy ounce on the Comex division of the New York Mercantile Exchange. The precious metal closed at its highest level Friday since early June after speeches by Federal Reserve Chairwoman Janet Yellen and European Central Bank President Mario Draghi at the Jackson Hole, Wyo., economic symposium didn't specifically address the timing of future rate increases.
Division among Fed officials about when to raise rates amid sluggish inflation has been one of the factors supporting gold prices this year, as gold struggles to compete with yield-bearing assets such as Treasurys when borrowing costs rise.
Waterton which is a right arm of Barrick rarely gets it wrong regarding investments so hey are the reason I am so focused on Copperstone...
http://www.prnewswire.com/news-releases/waterton-global-announces-purchase-of-assets-from-barrick-gold-for-110-million-546626972.html
Waterton Global Resource Management, Inc. is located literallly a block from Kerr Mines shell office on Bay Street so after having café, cervesas, Green Apple Martinis and the lips are loosened... Hmmm back in 2011 until present... IMHO
"...Waterton's two current active private equity funds, Waterton Precious Metals Fund II and Waterton Parallel Fund closed with capital commitments in excess of U.S. $1.725 billion in 2014 and 2016 respectively...."
https://www.watertonglobal.com/login.html
http://www.barrick.com/investors/news/news-details/2015/Barrick-Announces-Sale-of-Non-Core-Assets-for-720-Million/default.aspx
Waterton Global Value (Luxembourg) OWNS or owned 24,000,000 Kerr Mines shares in 2011
https://secure.kaiserresearch.com/s3/CompanyProfile.asp?reportid=173577
BTW, Kerr shares were trading for about $5 a share in 2011 so OUCH...
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=172737199
'Past Insiders and Reported Shareholders - Current Ownership Status unknown'
Does anyone on this board know if they sold any of their large stake in Kerr...?
Waterton is renowned for... so...? They do heavy DD always prior to investing $o....
Did you know Joe Dwek Management Consultants Inc. owns or owned over 7 million Armistice / now Kerr Mines shares? Also, MineralFields Group along with IMM Investments Inc. holds or held... etc... HMMM?
Cheer$,
GoldenPolarBear,
PS I have picked some real golden mining duds in the recent past but if Waterton, Barrick or Klondex do not swoop in and acquire it for pennies on the dollar... ?
Waterton Global Value (Luxembourg) OWNS or owned 24,000,000 Kerr Mines shares in 2011
https://secure.kaiserresearch.com/s3/CompanyProfile.asp?reportid=173577
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=172737199
'Past Insiders and Reported Shareholders - Current Ownership Status unknown'
Maddog-Gene, do you think they sold any of their large stake in Kerr...?
Waterton is renowned for... so...? They do heavy DD always prior to investing $o....
Did you know Joe Dwek Management Consultants Inc. owns or owned over 7 million Armistice / now Kerr Mines shares? Also, MineralFields Group along with IMM Investments Inc. holds or held... etc... HMMM?
Cheer$,
GoldenPolarBear,
PS I have picked some real golden mining duds in the recent past but if Waterton, Barrick or Klondex do not swoop in and acquire it for pennies on the dollar... ?
IRWIN LOWY LLP 365 Bay Street, Suite 400
Toronto, Ontario
M5H 2V1
T: 416-361-2515
F: 416-361-2519
Irwin Lowy LLP is a Toronto, Ontario law firm focused on corporate and securities law, including public and private debt and equity financings, stock exchange listing matters, continuous disclosure and mergers and acquisitions.
KERR MINES
365 Bay Street, Suite 400
Toronto Ontario
M5H 2V1
Tel: +1 (416) 855-9300
MAG Copper
365 Bay Street, Suite 400 Toronto, Ontario M5H 2V1
http://thecse.com/sites/default/files/investorx/QUE/1505110809568050.pdf
http://eurocontrol.ca/index.php/contact-us
http://www.hornbybay.com/pdfs/MColson-resignation-May-29-2015.pdf
Well let's hope Kerr Mines is not going to merge or be acquired by Barrick or Waterton anytime in the near future.... That office must be extremely busy on BAY STREET...?
IRWIN LOWY LLP 365 Bay Street, Suite 400
Toronto, Ontario
M5H 2V1
T: 416-361-2515
F: 416-361-2519
Irwin Lowy LLP is a Toronto, Ontario law firm focused on corporate and securities law, including public and private debt and equity financings, stock exchange listing matters, continuous disclosure and mergers and acquisitions.
KERR MINES
365 Bay Street, Suite 400
Toronto Ontario
M5H 2V1
Tel: +1 (416) 855-9300
MAG Copper
365 Bay Street, Suite 400 Toronto, Ontario M5H 2V1
http://thecse.com/sites/default/files/investorx/QUE/1505110809568050.pdf
http://eurocontrol.ca/index.php/contact-us
http://www.hornbybay.com/pdfs/MColson-resignation-May-29-2015.pdf
Well let's hope Kerr Mines is not going to merge or be acquired by Barrick or Waterton anytime in the near future.... That office must be extremely busy on BAY STREET...?
Let's hope the public and motor cross riders etc. Are kept off Kerr Mines property ....
https://scc-csc.lexum.com/scc-csc/scc-csc/en/item/4283/index.do
Are all warning and safety signs properly posted?
Let's hope the public and motor cross riders etc. Are kept off Kerr Mines property ....
https://scc-csc.lexum.com/scc-csc/scc-csc/en/item/4283/index.do
"...After peaking at 21,256 gold futures contracts at 9:41am, trading fell to 6,683 contracts a minute later. On 26 June, the market was also rattled when 18,149 lots equalling about 1.8 million ounces of gold traded in just one minute. It later fell back to 2,334 lots.
Federal Reserve Bank of Dallas President Robert Kaplan may have helped fuel the sharp move before Yellen’s speech on Friday by saying the central bank can afford to be patient on raising interest rates even while noting it should shrink the balance sheet soon.
‘Difficult to trade’
“Kaplan was dovish and sent it higher,” Robin Bhar, an analyst at Societe Generale AG, said by phone. “I don’t know if anyone then got wind of what Yellen was going to say, but it then dropped like a stone. And then, when she didn’t mention monetary policy, things started to stabilize again.”
“These are crazy markets, and very difficult to trade,” Bhar said of Friday’s gold moves. “The net result was extreme volatility.”
Base metals also fluctuated Friday. Copper on the Comex settled unchanged at $3.0565 a pound at 1:27 pm in New York, after falling as much as 0.5% and rising 0.7%. The metal posted a seventh weekly climb, the longest stretch of such gains since 2009.
“If you look at the chart, it just exploded to the upside,” Peter Thomas, senior vice president at Zaner Group LLC, said of the copper trading on Friday. A few minutes later, “we came right back down. It was insane.”
On the London Metal Exchange, copper slipped 0.3% after advancing as much as 0.9%. The five other main metals also fell. Bloomberg
"...After peaking at 21,256 gold futures contracts at 9:41am, trading fell to 6,683 contracts a minute later. On 26 June, the market was also rattled when 18,149 lots equalling about 1.8 million ounces of gold traded in just one minute. It later fell back to 2,334 lots.
Federal Reserve Bank of Dallas President Robert Kaplan may have helped fuel the sharp move before Yellen’s speech on Friday by saying the central bank can afford to be patient on raising interest rates even while noting it should shrink the balance sheet soon.
‘Difficult to trade’
“Kaplan was dovish and sent it higher,” Robin Bhar, an analyst at Societe Generale AG, said by phone. “I don’t know if anyone then got wind of what Yellen was going to say, but it then dropped like a stone. And then, when she didn’t mention monetary policy, things started to stabilize again.”
“These are crazy markets, and very difficult to trade,” Bhar said of Friday’s gold moves. “The net result was extreme volatility.”
Base metals also fluctuated Friday. Copper on the Comex settled unchanged at $3.0565 a pound at 1:27 pm in New York, after falling as much as 0.5% and rising 0.7%. The metal posted a seventh weekly climb, the longest stretch of such gains since 2009.
“If you look at the chart, it just exploded to the upside,” Peter Thomas, senior vice president at Zaner Group LLC, said of the copper trading on Friday. A few minutes later, “we came right back down. It was insane.”
On the London Metal Exchange, copper slipped 0.3% after advancing as much as 0.9%. The five other main metals also fell. Bloomberg
Why Gold Prices Will Rise as Debt Ceiling Deadline Nears
By Peter Krauth, Resource Specialist, Money Morning • August 25, 2017
Gold prices have been in a narrow trading range over the last week, hanging mostly between $1,291 and $1,297 since Friday, Aug. 18. But the looming debt ceiling deadline could be bullish for gold…
The biggest gold news this past week was Treasury Secretary Steven Mnuchin's visit to the gold deposit at Fort Knox. This, of course, is the Kentucky army post that serves as the U.S. Bullion Depository and home of most of the country's gold reserves.
Treasury Secretary Mnuchin and Senate Majority Leader Mitch McConnell visited Fort Knox on Monday. We don't know how much gold they actually saw, but Mnuchin stated it was the first time the vault had opened up to outsiders since a congressional delegation and journalists had access in 1974.
In fact, inventory hasn't even been taken since 1986, and the last audit took place in 1953. All of this begs the question of why government officials would visit the site now.
Could the looming debt ceiling deadline on Sept. 29 justify a visit to America's gold? They might want to make sure it's all there just in case the United States can't issue more right now, and it will run out of extraordinary measures to keep the government solvent by the end of September.
But gold investors are positioned to profit from the controversy. I'll discuss how the debt ceiling debate could actually end up lifting the price of gold to my bullish target by the end of the year.
Why Gold Prices Will Rise as Debt Ceiling Deadline Nears
By Peter Krauth, Resource Specialist, Money Morning • August 25, 2017
Gold prices have been in a narrow trading range over the last week, hanging mostly between $1,291 and $1,297 since Friday, Aug. 18. But the looming debt ceiling deadline could be bullish for gold…
The biggest gold news this past week was Treasury Secretary Steven Mnuchin's visit to the gold deposit at Fort Knox. This, of course, is the Kentucky army post that serves as the U.S. Bullion Depository and home of most of the country's gold reserves.
Treasury Secretary Mnuchin and Senate Majority Leader Mitch McConnell visited Fort Knox on Monday. We don't know how much gold they actually saw, but Mnuchin stated it was the first time the vault had opened up to outsiders since a congressional delegation and journalists had access in 1974.
In fact, inventory hasn't even been taken since 1986, and the last audit took place in 1953. All of this begs the question of why government officials would visit the site now.
Could the looming debt ceiling deadline on Sept. 29 justify a visit to America's gold? They might want to make sure it's all there just in case the United States can't issue more right now, and it will run out of extraordinary measures to keep the government solvent by the end of September.
But gold investors are positioned to profit from the controversy. I'll discuss how the debt ceiling debate could actually end up lifting the price of gold to my bullish target by the end of the year.
Texas is bracing itself for Hurricane Harvey, which may be the worst storm to hit the US mainland in 12 years.
Harvey, currently a category two storm in the Gulf of Mexico, is expected to make landfall on Texas' central coast late on Friday or early Saturday.
The National Hurricane Center said storm surges may bring life-threatening floods in and around Houston.
The storm may bring 35in (97cm) of rain, 130mph (210km/h) winds and 12ft (3.5m) storm surges, say forecasters.
At 10:00 local time (15:00 GMT), the eye of Harvey was about 115 miles south-east of the Texas coastal city of Corpus Christi, the National Hurricane Center (NHC) said. It had sustained winds of 110mph.
Harvey - which has been gaining strength - is likely to strike at the heart of Texas's oil refining industry.
Oil-rich Houston, the fourth biggest city in the US, could face up to 20in of rain over the coming days, officials there said.
Meteorologists are warning of extremely high volumes of rainfall as the storm stalls over the middle Texas coast.
They say Harvey could remain in the area, dumping rain until the middle of next week.
On top of that, the central Texas coast is likely to see a significant storm surge - this happens when low pressure at sea "lifts" tides to a level higher than normal, up to 12ft in this case, and high winds then blow the water in land.
The NHC said it expected "catastrophic flooding" across the coast and in some inland areas throughout south-east Texas.
Texas is bracing itself for Hurricane Harvey, which may be the worst storm to hit the US mainland in 12 years.
Harvey, currently a category two storm in the Gulf of Mexico, is expected to make landfall on Texas' central coast late on Friday or early Saturday.
The National Hurricane Center said storm surges may bring life-threatening floods in and around Houston.
The storm may bring 35in (97cm) of rain, 130mph (210km/h) winds and 12ft (3.5m) storm surges, say forecasters.
At 10:00 local time (15:00 GMT), the eye of Harvey was about 115 miles south-east of the Texas coastal city of Corpus Christi, the National Hurricane Center (NHC) said. It had sustained winds of 110mph.
Harvey - which has been gaining strength - is likely to strike at the heart of Texas's oil refining industry.
Oil-rich Houston, the fourth biggest city in the US, could face up to 20in of rain over the coming days, officials there said.
Meteorologists are warning of extremely high volumes of rainfall as the storm stalls over the middle Texas coast.
They say Harvey could remain in the area, dumping rain until the middle of next week.
On top of that, the central Texas coast is likely to see a significant storm surge - this happens when low pressure at sea "lifts" tides to a level higher than normal, up to 12ft in this case, and high winds then blow the water in land.
The NHC said it expected "catastrophic flooding" across the coast and in some inland areas throughout south-east Texas.