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Miners, Heavy Duty Mechanics & Underground Laborers
DMC Mining Services - Lake Havasu City, AZ
Contract
DMC Mining Services
Read what employees say about working here.
DMC Mining Services is looking for Miners, Heavy Duty Mechanics and Underground Laborers to work on the Kerr Project located in La Paz County, Arizona. Please apply with your resume. Experience in the Mining in industry is a must.
Job Type: Contract
https://www.indeed.com/m/viewjob?jk=7dce526bb198b8c4&from=serp&prevUrl=https%3A%2F%2Fwww.indeed.com%2Fm%2Fjobs%3Fq%3DKerr%2BIndustries
Fibanotch, well I love ancient golden shells http://www.ancient-egypt.co.uk/cairo%20museum/cm,%20gold/pages/shell.htm
"...Fahad Al Tamimi
Chairman
Mr. Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country.
He was also a 50% partner of Worley Parsons Arabia, which undertook major infrastructure projects in the oil & gas, energy and a mining project worth over $5 billion in Saudi Arabia...."
http://kerrmines.com/corporate/
http://www.menafn.com/1095760498/Kerr-Mines-Mobilizes-Mine-Development-Contractor-at-Copperstone-Mine
Middle East, North African Finance Network Hmmm...?
Miners, Heavy Duty Mechanics & Underground Laborers
DMC Mining Services - Lake Havasu City, AZ
Contract
DMC Mining Services
Read what employees say about working here.
DMC Mining Services is looking for Miners, Heavy Duty Mechanics and Underground Laborers to work on the Kerr Project located in La Paz County, Arizona. Please apply with your resume. Experience in the Mining in industry is a must.
Job Type: Contract
https://www.indeed.com/m/viewjob?jk=7dce526bb198b8c4&from=serp&prevUrl=https%3A%2F%2Fwww.indeed.com%2Fm%2Fjobs%3Fq%3DKerr%2BIndustries
Kerr Mines Inc is up sharply today, rallying $0.07 or 31.82% to $0.29 and setting a new 100-day high. Over the last five days, shares have gained 34.88% and are currently 3.33% off of the 52-week high. Shares have outperformed the S&P TSX by 173.09% during the last year.
This lengthy new article written about Kerr Mines may help explain the $udden interest...
Proven Potential
Kerr Mines (OTC:KERMF / TSX:KER) already boasts a sizeable, high-grade gold resource.
Now the drills are turning in search of even more.
A piece of news just went out...and not one in a thousand investors will understand its implications:
Kerr Mines Initiates First Phase of the Surface
Drilling at Copperstone Mine
TORONTO, Aug. 15, 2017 /PRNewswire/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the surface exploration drilling campaign for the 2017 Copperstone Mine exploration program and pre-feasibility study. 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.
The parallel Footwall Zone is located approximately 500 feet to the Southwest on the footwall side of the Copperstone Zone which was previously mined by open pit and underground methods. Previous successful drilling has indicated that further drilling is warranted to advance the definition of the Footwall Zone.
The objective 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.
"We are very pleased to have completed the planning of the program and are excited to begin executing it. 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, " said Martin Kostuik, President Kerr Mines.
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., a "Qualified Person" as defined by NI 43-101 for this project.
Sections, plans and diagrams related to this press release are available at the company's website, www.kerrmines.com.
So why was this news so important?
Because Kerr Mines (OTC:KERMF / TSX:KER) already boasts a sizeable, high-grade gold resource.
Because it’s already moving toward near-term production, with extensive infrastructure sitting in place.
And because the upcoming drill program could soon add to its impressive, high-grade gold resources.
If all that sounds exciting, you’re not alone: Noted precious metals guru Eric Sprott looked at what this company has to offer...and he bought a 9.4% position.
If there's one thing you can say about Sprott, it's this: He's a savvy gold stock investor.
So what did he see in Kerr?
A Bonanza Opportunity Arises
In Arizona Gold Country
Simply put, Kerr Mines is advancing the fully-permitted, past-producing Copperstone Mine project.
A high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona, the Copperstone project demonstrates significant upside exploration potential within a 12,000-acre land package that historically produced 500,000 ounces of gold.
The focus for the Company is to define and expand the current resources, and to strengthen the mine's economics en route to a production decision.
The Copperstone property is fully permitted with extensive infrastructure in place, meaning Kerr Mines has a 450 ton-per-day mill already onsite and the tunnels going down to the high-grade gold ore are already there.
Electricity and water are there too. In other words, the infrastructure which can cost many millions of dollars to setup already exists at the site, so the cost to get Kerr Mines to production is relatively low — much, much lower than a greenfield project.
So how much gold is there you ask? There are 942,000 tonnes of Measured and Indicated historic gold resources with a truly impressive grade of 10.3 grams of gold per tonne.
On the Inferred side, there are another 335,000 tonnes of historic gold resource with a grade of 12.2 grams per tonne. Importantly, that's in the soon-to-be further explored "South Zone," which has great potential in itself.
In the Proven and Probable category, Kerr has 910,000 tonnes with an average grade of 8.8 grams per tonne. With grades that high, you can see why billionaire Eric Sprott was attracted to this remarkable project.
Underappreciated Value
In Kerr Mines
There are many factors that determine the value of a mine. The grade of gold is obviously high on the list in evaluating an investment into a gold stock like Kerr Mines. But with such high grades of gold, from Proven, Measured and Indicated to Inferred, the numbers are quite remarkable for Kerr.
But when you add in factors like a mill in place and tunnels already opened up to access the three previously untouched zones...plus the significant hit Kerr recently discovered in the South Zone...you see why the company expects to move into production next year. In fact, the feasibility study needed to go into production is expected in the fourth quarter of this year.
Based on the market cap and share price of other peer gold mining companies, you can see why many people consider Kerr Mines to be extremely undervalued at these levels.
Let's look closer at an apple-to-apple comparison between KERMF and another peer company...
Wesdome Gold Mines (WDOFF) is trading at around $1.69, with a market cap of some $230 million. The production estimates per their website are between 52,000-58,000 gold-equivalent ounces per year.
Kerr Mines has similar production projections at 40,000-50,000 gold-equivalent ounces annually...but is only trading at $0.18, with a market cap of just $26 million.
And that's not even taking into consideration Kerr Mines' other assets. Per their website, they have significant interests in three more large properties.
With considerable, high-grade resources already in the ground — plus the very real potential of significant new discoveries — Kerr Mines looks to be an extraordinary relative value.
Kerr Investment Highlights
• Past producer, fully permitted
• Advanced-stage development company
• Existing resource with significant exploration upside
• Safe, mine-friendly jurisdiction
• Strengthened board and management team
• Restructured debt into friendly hands
• Supportive shareholder group
• On track to complete Pre-Feasibility Study in Q4 2017
Existing Infrastructure:
• Underground mine development in place, access and utilities
• Processing facility and 450 tpd mill
• Tailings storage facility with capacity for planned re-start
• Power and water distribution systems
• Surface buildings including assay lab
• Roads and access to surface exploration sites
What To Do Now:
Considering the peer comparables with Kerr Mines — and the significant news coming up for the company — serious investors need to consider joining Eric Sprott as shareholders.
To learn more, you can click on the Investor Presentation below, where you’ll discover not only why this company appears undervalued with its current high-grade resources...but also why it offers the potential to expand its rich resources both underground and on surface.
But the drills are turning right now.
So act soon, before the company can discover more high-grade gold...before it can go into production...and before its share price can move out of reach.
This lengthy new article written about Kerr Mines may help explain the $udden interest...
Proven Potential
Kerr Mines (OTC:KERMF / TSX:KER) already boasts a sizeable, high-grade gold resource.
Now the drills are turning in search of even more.
A piece of news just went out...and not one in a thousand investors will understand its implications:
Kerr Mines Initiates First Phase of the Surface
Drilling at Copperstone Mine
TORONTO, Aug. 15, 2017 /PRNewswire/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the surface exploration drilling campaign for the 2017 Copperstone Mine exploration program and pre-feasibility study. 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.
The parallel Footwall Zone is located approximately 500 feet to the Southwest on the footwall side of the Copperstone Zone which was previously mined by open pit and underground methods. Previous successful drilling has indicated that further drilling is warranted to advance the definition of the Footwall Zone.
The objective 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.
"We are very pleased to have completed the planning of the program and are excited to begin executing it. 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, " said Martin Kostuik, President Kerr Mines.
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., a "Qualified Person" as defined by NI 43-101 for this project.
Sections, plans and diagrams related to this press release are available at the company's website, www.kerrmines.com.
So why was this news so important?
Because Kerr Mines (OTC:KERMF / TSX:KER) already boasts a sizeable, high-grade gold resource.
Because it’s already moving toward near-term production, with extensive infrastructure sitting in place.
And because the upcoming drill program could soon add to its impressive, high-grade gold resources.
If all that sounds exciting, you’re not alone: Noted precious metals guru Eric Sprott looked at what this company has to offer...and he bought a 9.4% position.
If there's one thing you can say about Sprott, it's this: He's a savvy gold stock investor.
So what did he see in Kerr?
A Bonanza Opportunity Arises
In Arizona Gold Country
Simply put, Kerr Mines is advancing the fully-permitted, past-producing Copperstone Mine project.
A high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona, the Copperstone project demonstrates significant upside exploration potential within a 12,000-acre land package that historically produced 500,000 ounces of gold.
The focus for the Company is to define and expand the current resources, and to strengthen the mine's economics en route to a production decision.
The Copperstone property is fully permitted with extensive infrastructure in place, meaning Kerr Mines has a 450 ton-per-day mill already onsite and the tunnels going down to the high-grade gold ore are already there.
Electricity and water are there too. In other words, the infrastructure which can cost many millions of dollars to setup already exists at the site, so the cost to get Kerr Mines to production is relatively low — much, much lower than a greenfield project.
So how much gold is there you ask? There are 942,000 tonnes of Measured and Indicated historic gold resources with a truly impressive grade of 10.3 grams of gold per tonne.
On the Inferred side, there are another 335,000 tonnes of historic gold resource with a grade of 12.2 grams per tonne. Importantly, that's in the soon-to-be further explored "South Zone," which has great potential in itself.
In the Proven and Probable category, Kerr has 910,000 tonnes with an average grade of 8.8 grams per tonne. With grades that high, you can see why billionaire Eric Sprott was attracted to this remarkable project.
Underappreciated Value
In Kerr Mines
There are many factors that determine the value of a mine. The grade of gold is obviously high on the list in evaluating an investment into a gold stock like Kerr Mines. But with such high grades of gold, from Proven, Measured and Indicated to Inferred, the numbers are quite remarkable for Kerr.
But when you add in factors like a mill in place and tunnels already opened up to access the three previously untouched zones...plus the significant hit Kerr recently discovered in the South Zone...you see why the company expects to move into production next year. In fact, the feasibility study needed to go into production is expected in the fourth quarter of this year.
Based on the market cap and share price of other peer gold mining companies, you can see why many people consider Kerr Mines to be extremely undervalued at these levels.
Let's look closer at an apple-to-apple comparison between KERMF and another peer company...
Wesdome Gold Mines (WDOFF) is trading at around $1.69, with a market cap of some $230 million. The production estimates per their website are between 52,000-58,000 gold-equivalent ounces per year.
Kerr Mines has similar production projections at 40,000-50,000 gold-equivalent ounces annually...but is only trading at $0.18, with a market cap of just $26 million.
And that's not even taking into consideration Kerr Mines' other assets. Per their website, they have significant interests in three more large properties.
With considerable, high-grade resources already in the ground — plus the very real potential of significant new discoveries — Kerr Mines looks to be an extraordinary relative value.
Kerr Investment Highlights
• Past producer, fully permitted
• Advanced-stage development company
• Existing resource with significant exploration upside
• Safe, mine-friendly jurisdiction
• Strengthened board and management team
• Restructured debt into friendly hands
• Supportive shareholder group
• On track to complete Pre-Feasibility Study in Q4 2017
Existing Infrastructure:
• Underground mine development in place, access and utilities
• Processing facility and 450 tpd mill
• Tailings storage facility with capacity for planned re-start
• Power and water distribution systems
• Surface buildings including assay lab
• Roads and access to surface exploration sites
What To Do Now:
Considering the peer comparables with Kerr Mines — and the significant news coming up for the company — serious investors need to consider joining Eric Sprott as shareholders.
To learn more, you can click on the Investor Presentation below, where you’ll discover not only why this company appears undervalued with its current high-grade resources...but also why it offers the potential to expand its rich resources both underground and on surface.
But the drills are turning right now.
So act soon, before the company can discover more high-grade gold...before it can go into production...and before its share price can move out of reach.
NYBOB, Heavy-VOLUME Kerr Mines (KER) 0.265-UP 0.045-(20.45%)
Volume: 378,901 @ 10:17:35 AM EDT ET
Bid Ask
0.25 0.26
http://kerrmines.com
Is that you purchasing all of these shares today? : ~)
Cheer$,
GoldenPolarBear
Agreed-Fibanotch, Heavy VOLUME up 18% in 35 minutes
Kerr Mines (KER)
0.25 UP 0.03 (13.64%)
Volume: 280,501 @ 10:15:09 AM EDT ET
Sure Trader - Start Trading Stocks & Options with only $500
Bid Ask Day's Range
0.235 0.26 0.22 - 0.26
Is that you purchasing all of these shares today? :~)
Cheer$,
GPB
PS Seem$ to be $till climbing hmmm...
Kerr Mines (KER)
0.26 up 0.04 (18.18%)
Volume: 319,901 @ 10:05:21 AM EDT ET
Bid Ask Day's Range
0.25 0.26 0.22 - 0.26
HEAVY VOLUME, Up 14% within 25 minutes
"...Kerr Mines (KER)
0.25 UP 0.03 (13.64%)
Volume: 241,835 @ 9:34:41 AM EDT ET
Bid Ask Day's Range
0.22 0.245 0.22 - 0.25. .."
Renée, is this you creating the heavy volume on the TSX? ... :~)
Cheer$,
GPB
PS BTW, heavy volume for Kerr even on the OTC
"..Kerr Mines Inc. (QB) (KERMF)
0.1876 ? 0.0101 (5.69%)
Volume: 112,000 @ 9:48:07 AM EDT ET
Bid Ask Day's Range
0.178 0.193
HEAVY VOLUME, Up 13% within 25 minutes
Kerr Mines (KER)
0.25 UP 0.03 (13.64%)
Volume: 241,835 @ 9:34:41 AM EDT ET
Bid Ask Day's Range
0.22 0.245 0.22 - 0.25
Kerr Mines Leads TSX on Mine Development in Arizona
Baystreet Staff - Tuesday, August 22, 2017
"...There's an exception to every rule and while many mineral explorers and miners have been beaten down in the last couple years, such is not the case for Kerr Mines Inc. (TSX:KER), with the stock rising over 1,000% since a January 2016 low of 2 cents. Shares even hit a multi-year high at 26.5 cents in June before consolidating back to a low of 19 cents yesterday.
Shares are rebounding on Tuesday from that low, positioning Kerr as a top performing TSX-listed stock on news that the Toronto-based company initiated the first phase of the underground drill access mine at its Copperstone Mine project along the Walker Lane in Arizona. In this phase, Kerr plans to complete about 1,200 feet of new exploration drift, a general mining term for a passageway following a vein of ore. Once completed, the drift will give Kerr the opportunity to better define and likely add to the resources as it prepares a pre-feasibility study.
Access to the new drift will utilize existing mine workings between the so-called Footwall and Copperstone zones and extend mine access to the southeast, along the Copperstone Zone's strike. Kerr is looking to prove the upside exploration potential for its 12,000-acre project that has historic production of 500,000 ounces of gold.
The strategic placement of the access serves multiple purposes, including to build upon promising drill results in the Footwall Zone, increase confidence in the Copperstone Zone along strike while increasing its down dip extension and providing access for potential mining in the future...."
Kerr Mines Leads TSX on Mine Development in Arizona
Baystreet Staff - Tuesday, August 22, 2017
There's an exception to every rule and while many mineral explorers and miners have been beaten down in the last couple years, such is not the case for Kerr Mines Inc. (TSX:KER), with the stock rising over 1,000% since a January 2016 low of 2 cents. Shares even hit a multi-year high at 26.5 cents in June before consolidating back to a low of 19 cents yesterday.
Shares are rebounding on Tuesday from that low, positioning Kerr as a top performing TSX-listed stock on news that the Toronto-based company initiated the first phase of the underground drill access mine at its Copperstone Mine project along the Walker Lane in Arizona. In this phase, Kerr plans to complete about 1,200 feet of new exploration drift, a general mining term for a passageway following a vein of ore. Once completed, the drift will give Kerr the opportunity to better define and likely add to the resources as it prepares a pre-feasibility study.
Access to the new drift will utilize existing mine workings between the so-called Footwall and Copperstone zones and extend mine access to the southeast, along the Copperstone Zone's strike. Kerr is looking to prove the upside exploration potential for its 12,000-acre project that has historic production of 500,000 ounces of gold.
The strategic placement of the access serves multiple purposes, including to build upon promising drill results in the Footwall Zone, increase confidence in the Copperstone Zone along strike while increasing its down dip extension and providing access for potential mining in the future.
Finally, Kerr Mines Inc. (TSX: KER) shares gained 13% to $0.215 after the resource junior announced that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study. Copperstone is a gold project located in Arizona.
Finally, Kerr Mines Inc. (TSX: KER) shares gained 13% to $0.215 after the resource junior announced that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study. Copperstone is a gold project located in Arizona.
Kerr Mines president Martin Kostuik said:"DMC Mining Services, our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week.
“The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine.”
Kerr Mines begins underground drill access mine development at Copperstone mine project
EBR Staff Writer
Published 22 August 2017
North American gold development and exploration firm Kerr Mines has commenced the first phase of the underground drill access mine development at Copperstone mine project in Arizona, US.
The company has commenced the work for the 2017 Copperstone Mine exploration/development program and pre-feasibility study.
Copperstone is a high-grade gold project situated along the Walker Lane mineral belt in Arizona. The 12,000-acre land package is comprised of a production history of over 500,000 ounces of gold.
In the first phase of the project, Kerr Mines is planning extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone.
The drift will offer first-time underground drill access to facilitate further resolution of the parallel Footwall zone, as well as enhance the existing resource in the Copperstone zone.
Kerr Mines intends to place the access between the Copperstone zone and parallel Footwall zone, allowing exploration and development drilling access to both zones.
To offer access for potential future mining, the drift is said to be strategically laid in the footwall of the Copperstone zone.
Kerr Mines president Martin Kostuik said:"DMC Mining Services, our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week.
“The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine.”
Kerr Mines begins underground drill access mine development at Copperstone mine project
EBR Staff Writer
Published 22 August 2017
North American gold development and exploration firm Kerr Mines has commenced the first phase of the underground drill access mine development at Copperstone mine project in Arizona, US.
The company has commenced the work for the 2017 Copperstone Mine exploration/development program and pre-feasibility study.
Copperstone is a high-grade gold project situated along the Walker Lane mineral belt in Arizona. The 12,000-acre land package is comprised of a production history of over 500,000 ounces of gold.
In the first phase of the project, Kerr Mines is planning extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone.
The drift will offer first-time underground drill access to facilitate further resolution of the parallel Footwall zone, as well as enhance the existing resource in the Copperstone zone.
Kerr Mines intends to place the access between the Copperstone zone and parallel Footwall zone, allowing exploration and development drilling access to both zones.
To offer access for potential future mining, the drift is said to be strategically laid in the footwall of the Copperstone zone.
Kerr Mines president Martin Kostuik said:"DMC Mining Services, our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week.
“The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine.”
Kerr Mines begins underground drill access mine development at Copperstone mine project
EBR Staff Writer
Published 22 August 2017
North American gold development and exploration firm Kerr Mines has commenced the first phase of the underground drill access mine development at Copperstone mine project in Arizona, US.
The company has commenced the work for the 2017 Copperstone Mine exploration/development program and pre-feasibility study.
Copperstone is a high-grade gold project situated along the Walker Lane mineral belt in Arizona. The 12,000-acre land package is comprised of a production history of over 500,000 ounces of gold.
In the first phase of the project, Kerr Mines is planning extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone.
The drift will offer first-time underground drill access to facilitate further resolution of the parallel Footwall zone, as well as enhance the existing resource in the Copperstone zone.
Kerr Mines intends to place the access between the Copperstone zone and parallel Footwall zone, allowing exploration and development drilling access to both zones.
To offer access for potential future mining, the drift is said to be strategically laid in the footwall of the Copperstone zone.
U.S. targets China, Russia entities and people for North Korea support
WASHINGTON (Reuters) - The United States announced sanctions on Tuesday on Chinese and Russian companies and individuals for supporting North Korean weapons programs, including by dealing in Pyongyang's energy trade and helping sanctioned North Korean entities gain access to the U.S. and international finance system.
"Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programs, and isolating them from the American financial system," Treasury Secretary Steven T. Mnuchin said in a statement.
U.S. targets China, Russia entities and people for North Korea support
WASHINGTON (Reuters) - The United States announced sanctions on Tuesday on Chinese and Russian companies and individuals for supporting North Korean weapons programs, including by dealing in Pyongyang's energy trade and helping sanctioned North Korean entities gain access to the U.S. and international finance system.
"Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programs, and isolating them from the American financial system," Treasury Secretary Steven T. Mnuchin said in a statement.
PopEye, if Kinross ever shows interest in a joint venture via the Kerr Mines' McGarry golden property in Ontario?
https://www.timminstoday.com/local-news/northeastern-ontario-mining-company-looks-to-arizona-for-future-gold-4-photos-687039
Quote: "...KERR MINES MOBILIZES MINE DEVELOPMENT CONTRACTOR AT COPPERSTONE MINE
TORONTO, Aug. 21, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study. 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 new underground drift will be accessed from existing workings and will extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone. This access is placed between the Copperstone Zone and the parallel Footwall Zone, giving exploration and development drilling access to both zones. The drift is strategically placed in the footwall of the Copperstone Zone, to provide access for potential future mining.
The objective of the exploration drilling is to continue to build from prior successful drilling results in the Footwall Zone which has indicated similar attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to increase the resource confidence level of the Copperstone Zone along strike and increase its down dip extension.
"DMC Mining Services , our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week. The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine. The 2017 Copperstone exploration and development program is the cornerstone of the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision, " said Martin Kostuik, President Kerr Mines.
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, 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 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 12,000 acre a 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.
http://kerrmines.com/release/?id=122658
https://www.onvista.de/aktien/KERR-MINES-INC-Aktie-CA4924052042
AKTIENKURS KERR MINES INC IN EUR
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Toronto
weitere
Kurs 0,1380 EUR +0,0010 EUR +0,73%
Kurszeit 21.08.2017 14:17:13
Eröffnung / Vortag 0,1370 / 0,1370
Volumen (Stück) 1.458
Marktkapitalisierung (EUR) 32,25 Mio.
Tageshoch / Tagestief 0,1380 / 0,1370
52 Wochen Hoch 0,1780 (20.06.2017)
52 Wochen Tief 0,0550 (01.12.2016)
52 Wochen Performance
http://www.finanzen.net/aktien/Kerr_Mines_2-Aktie
http://www.newswire.ca/news-releases/kerr-mines-mobilizes-mine-development-contractor-at-copperstone-mine-641321823.html
Dr. Badman it may be Boom Time for Freeport-McMoran and Kerr Mines at about the same time?
Quote:
KERR MINES MOBILIZES MINE DEVELOPMENT CONTRACTOR AT COPPERSTONE MINE
TORONTO, Aug. 21, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study. 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 new underground drift will be accessed from existing workings and will extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone. This access is placed between the Copperstone Zone and the parallel Footwall Zone, giving exploration and development drilling access to both zones. The drift is strategically placed in the footwall of the Copperstone Zone, to provide access for potential future mining.
The objective of the exploration drilling is to continue to build from prior successful drilling results in the Footwall Zone which has indicated similar attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to increase the resource confidence level of the Copperstone Zone along strike and increase its down dip extension.
"DMC Mining Services , our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week. The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine. The 2017 Copperstone exploration and development program is the cornerstone of the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision, " said Martin Kostuik, President Kerr Mines.
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, 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 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 12,000 acre a 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.
http://kerrmines.com/release/?id=122658
https://www.onvista.de/aktien/KERR-MINES-INC-Aktie-CA4924052042
AKTIENKURS KERR MINES INC IN EUR
Frankfurt
Toronto
weitere
Kurs 0,1380 EUR +0,0010 EUR +0,73%
Kurszeit 21.08.2017 14:17:13
Eröffnung / Vortag 0,1370 / 0,1370
Volumen (Stück) 1.458
Marktkapitalisierung (EUR) 32,25 Mio.
Tageshoch / Tagestief 0,1380 / 0,1370
52 Wochen Hoch 0,1780 (20.06.2017)
52 Wochen Tief 0,0550 (01.12.2016)
52 Wochen Performance
http://www.finanzen.net/aktien/Kerr_Mines_2-Aktie
http://www.newswire.ca/news-releases/kerr-mines-mobilizes-mine-development-contractor-at-copperstone-mine-641321823.html
NYBOB BTW,
KERR MINES MOBILIZES MINE DEVELOPMENT CONTRACTOR AT COPPERSTONE MINE
TORONTO, Aug. 21, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study. 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 new underground drift will be accessed from existing workings and will extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone. This access is placed between the Copperstone Zone and the parallel Footwall Zone, giving exploration and development drilling access to both zones. The drift is strategically placed in the footwall of the Copperstone Zone, to provide access for potential future mining.
The objective of the exploration drilling is to continue to build from prior successful drilling results in the Footwall Zone which has indicated similar attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to increase the resource confidence level of the Copperstone Zone along strike and increase its down dip extension.
"DMC Mining Services , our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week. The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine. The 2017 Copperstone exploration and development program is the cornerstone of the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision, " said Martin Kostuik, President Kerr Mines.
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, 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 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 12,000 acre a 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.
KidBiscuit BTW...
KERR MINES MOBILIZES MINE DEVELOPMENT CONTRACTOR AT COPPERSTONE MINE
TORONTO, Aug. 21, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study. 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 new underground drift will be accessed from existing workings and will extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone. This access is placed between the Copperstone Zone and the parallel Footwall Zone, giving exploration and development drilling access to both zones. The drift is strategically placed in the footwall of the Copperstone Zone, to provide access for potential future mining.
The objective of the exploration drilling is to continue to build from prior successful drilling results in the Footwall Zone which has indicated similar attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to increase the resource confidence level of the Copperstone Zone along strike and increase its down dip extension.
"DMC Mining Services , our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week. The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine. The 2017 Copperstone exploration and development program is the cornerstone of the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision, " said Martin Kostuik, President Kerr Mines.
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, 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 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 12,000 acre a 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.
http://kerrmines.com/release/?id=122658
https://www.onvista.de/aktien/KERR-MINES-INC-Aktie-CA4924052042
AKTIENKURS KERR MINES INC IN EUR
Frankfurt
Toronto
weitere
Kurs 0,1380 EUR +0,0010 EUR +0,73%
Kurszeit 21.08.2017 14:17:13
Eröffnung / Vortag 0,1370 / 0,1370
Volumen (Stück) 1.458
Marktkapitalisierung (EUR) 32,25 Mio.
Tageshoch / Tagestief 0,1380 / 0,1370
52 Wochen Hoch 0,1780 (20.06.2017)
52 Wochen Tief 0,0550 (01.12.2016)
52 Wochen Performance
http://www.finanzen.net/aktien/Kerr_Mines_2-Aktie
http://www.newswire.ca/news-releases/kerr-mines-mobilizes-mine-development-contractor-at-copperstone-mine-641321823.html
KERR MINES MOBILIZES MINE DEVELOPMENT CONTRACTOR AT COPPERSTONE MINE
TORONTO, Aug. 21, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study. 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 new underground drift will be accessed from existing workings and will extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone. This access is placed between the Copperstone Zone and the parallel Footwall Zone, giving exploration and development drilling access to both zones. The drift is strategically placed in the footwall of the Copperstone Zone, to provide access for potential future mining.
The objective of the exploration drilling is to continue to build from prior successful drilling results in the Footwall Zone which has indicated similar attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to increase the resource confidence level of the Copperstone Zone along strike and increase its down dip extension.
"DMC Mining Services , our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week. The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine. The 2017 Copperstone exploration and development program is the cornerstone of the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision, " said Martin Kostuik, President Kerr Mines.
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, 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 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 12,000 acre a 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.
KERR MINES MOBILIZES MINE DEVELOPMENT CONTRACTOR AT COPPERSTONE MINE
TORONTO, Aug. 21, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study. 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 new underground drift will be accessed from existing workings and will extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone. This access is placed between the Copperstone Zone and the parallel Footwall Zone, giving exploration and development drilling access to both zones. The drift is strategically placed in the footwall of the Copperstone Zone, to provide access for potential future mining.
The objective of the exploration drilling is to continue to build from prior successful drilling results in the Footwall Zone which has indicated similar attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to increase the resource confidence level of the Copperstone Zone along strike and increase its down dip extension.
"DMC Mining Services , our mine development contractor, has done an excellent job of preparing for this work. All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week. The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine. The 2017 Copperstone exploration and development program is the cornerstone of the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision, " said Martin Kostuik, President Kerr Mines.
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, 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 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 12,000 acre a 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.
Matthew Fuller, C.P.G., L.E.G. Founding-Principal Tierra-Group-International,-Ltd.
Principal Engineering Geologist
Founding Principal
Engineering Geologist
Matt Fuller is a Founding Principal of Tierra Group International, Ltd. and an Engineering Geologist. Matt’s professional technical experience spans more than 30 years providing geological, geotechnical, environmental consulting services to the international mining industry.
Matt Fuller and Pete Kowalewski formed Tierra Group International, Ltd. to fulfill their desire to provide highly-focused personal service to customers who, with time, became trusted friends. After working together in engineering firms ranging in size from “Mom n Pop Shops” to Wall Street-owned corporations, Matt and Pete recognized that the most rewarding means of providing high quality customer service, is with a smaller “Team-Oriented” professional group. Wherein lay the motivation for forming Tierra Group.
Matthew L. Fuller, C.P.G., L.E.G.
Founding Principal
Contact Information
1746 Cole Blvd
Suite 130
Lakewood, CO 80401
(303) 532-5300
Peter E. Kowalewski, P.E.
Founding Principal
Principal Engineer
Mr. Kowalewski is a Principal Engineer with over 25 years of experience in hydrology and hydraulics as well as geotechnical engineering of mine waste containment facilities such as heap leach facilities and tailings dams. Areas of specialty include: Read more (Español)
Matthew Fuller, C.P.G., L.E.G. Founding-Principal Tierra-Group-International,-Ltd.
Principal Engineering Geologist
Founding Principal
Engineering Geologist
Matt Fuller is a Founding Principal of Tierra Group International, Ltd. and an Engineering Geologist. Matt’s professional technical experience spans more than 30 years providing geological, geotechnical, environmental consulting services to the international mining industry.
Matt Fuller and Pete Kowalewski formed Tierra Group International, Ltd. to fulfill their desire to provide highly-focused personal service to customers who, with time, became trusted friends. After working together in engineering firms ranging in size from “Mom n Pop Shops” to Wall Street-owned corporations, Matt and Pete recognized that the most rewarding means of providing high quality customer service, is with a smaller “Team-Oriented” professional group. Wherein lay the motivation for forming Tierra Group.
Matthew L. Fuller, C.P.G., L.E.G.
Founding Principal
Contact Information
1746 Cole Blvd
Suite 130
Lakewood, CO 80401
(303) 532-5300
Peter E. Kowalewski, P.E.
Founding Principal
Principal Engineer
Mr. Kowalewski is a Principal Engineer with over 25 years of experience in hydrology and hydraulics as well as geotechnical engineering of mine waste containment facilities such as heap leach facilities and tailings dams. Areas of specialty include: Read more (Español)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Form 6-K Report of Foreign Private Issuer Pursuant to Rules 13a-16 or 15d-16 under the Securities Exchange Act of 1934Dated March 31, 2014 File Number: 001-35785
SIBANYE GOLD LIMITED(Translation of registrant’s name into English) Libanon Business Park1 Hospital Street (off Cedar Avenue) Libanon, Westonaria, 1780South AfricaIndicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
SIBANYE GOLD LIMITED (Reg. No. 2002/031431/06) (Incorporated in the Republic of South Africa) JSE Code: SGL ISIN Code: ZAE000173951 Issuer Code: SGL NYSE Code: SBGL (“Sibanye Gold” or the “Company”) FINANCIAL EFFECTS PERTAINING TO THE ACQUISITION OF WITS GOLD INCLUDING THE ACQUISITION OF SOUTHGOLD AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
1. Introduction
Shareholders are referred to the Firm Intention announcement by Sibanye Gold to make
a cash offer to acquire the entire issued ordinary share capital of Witwatersrand
Consolidated Gold Resources Limited (“Wits Gold”) for a consideration of R11.55 per
Wits Gold share (“Proposed Transaction”), or a total consideration of approximately
R407 million (“Total Consideration”), incorporating the Company’s cautionary
announcement, which was jointly released by the Company and Wits Gold on SENS on
11 December 2013 and further cautionary announcements released on 28 January 2014
and 11 March 2014.
2. Southgold
Sibanye Gold wishes to advise that it has successfully concluded its detailed due
diligence investigation in relation to Southgold Exploration Proprietary Limited
(“Southgold”) and that it has taken the final decision to proceed with the acquisition of
Southgold subject to the implementation of the Proposed Transaction and the fulfilment
of certain outstanding conditions precedent listed below (the “Southgold Acquisition”).
Shareholders are referred to the Wits Gold announcement on 5 July 2013, where it was
announced that it had submitted a final binding offer (“the Offer”) to Mr Peter van den
Steen, the business rescue practitioner of Southgold, to acquire Southgold, the sole
owner of the Burnstone gold mine and assets (“Burnstone”) located in South Africa’s
Mpumalanga Province. The Offer was included in the business rescue plan that was
approved by creditors on 11 July 2013.
Summary of the key terms of the Offer: Wits Gold will acquire all of the issued share capital of Southgold together with all shareholder and inter-group loans against Southgold for a purchase price of R100; ··Reduction of Southgold total debt to US$177.3 million (“the Southgold Debt”) on the
following terms:oUpfront payment of US$7.25 million on transaction completion;
Back-ranked to new funding to be injected by Wits Gold and to be repaid
from the Burnstone mine’s free cash flow;oMoratorium on interest and capital repayments for 36 months from
transaction completion; oSouthgold Debt attracts interest at LIBOR +4%; oOption to settle outstanding balances at any time without penalty; and oSouthgold Debt ring-fenced to Southgold. ·Wits Gold to provide up to R 950 million of new funding by means of a loan (“Wits Gold Loan”), over time, as working capital to support the production plan; o Wits Gold Loan attracts interest at JIBAR +4%; o Wits Gold Loan to be repaid first: 90% free cash to Wits Gold Loan; 10% to Southgold Debt o On settlement of the Wits Gold Loan and interest, Southgold Debt will be repaid from free cash flow: ··70% to Wits Gold : 30% to Southgold Debt.
The Offer is still conditional upon the fulfilment of, or waiver by Wits Gold of conditions
precedent standard to a transaction of this nature, including but not limited to signature
of all definitive transaction agreements, obtaining all necessary regulatory approvals,
including, amongst others, the approval of the of the Department of Mineral Resources
and Wits Gold confirming that the acquisition of Southgold does not give rise to any
adverse tax consequences for Wits Gold and/or Southgold.
Neal Froneman, CEO of Sibanye Gold, commented that “The Burnstone mine has
largely been developed, with a significant amount already invested in the mine
infrastructure. Sibanye Gold is acquiring the assets on extremely favourable terms and
we are confident that this transaction, which is consistent with our strategy to extend the
operating life of the Company in order to support the dividend yield strategy, will
contribute positively to Sibanye Gold’s free cash flow and enhance its longer term
value.”
3. Closing of the Proposed Transaction Shareholders are advised that all conditions precedent to the Proposed Transaction have been fulfilled or waived and accordingly the Proposed Transaction will be
implemented in accordance with its terms and become effective on 14 April 2014. 4. Unaudited pro forma financial effects of the Proposed Transaction and the Southgold Acquisition Set out below is the unaudited pro forma financial effects of the Proposed Transaction and the Southgold Acquisition on Sibanye Gold.
Sibanye Gold announced on 21 August 2013, that it had entered into an agreement with
Gold One International Limited to acquire its 74% interest in Newshelf 1114 Proprietary
Limited group (“Newshelf”) which owns the Cooke underground and surface operations
(“Cooke Operations”). The consideration for the Cooke Operations will be approximately
150 million new Sibanye Gold ordinary shares, or such number of shares that represents
17% of Sibanye Gold’s issued share capital, on a fully diluted basis (“Consideration
Shares”), on the closing date of the transaction (“Cooke Transaction”). The key condition
precedent that is yet to be fulfilled is the approval of the Minister of Mineral Resources of
South Africa in terms of Section 11 of the Minerals and Petroleum Resources
Development Act.
The unaudited pro forma effects are prepared for illustrative purposes only and may not
fairly present Sibanye Gold’s results, financial position or changes in equity after the
Cooke Transaction, the Proposed Transaction and the Southgold Acquisition. It has been
assumed for the purposes of the pro forma financial effects that the Cooke Transaction,
the Proposed Transaction and the Southgold Acquisition took place with effect from 1
January 2013 for income statement purposes and on 30 June 2013 for the statement of
financial position.
The unaudited pro forma financial effects have been prepared by management of
Sibanye Gold and are the responsibility of the Board of Directors of Sibanye Gold.
Sibanye Gold has evaluated the Proposed Transactions and the Southgold Acquisition
separate from each other and the unaudited pro forma financial effects below reflects the
nature and impact of the two transactions separately.
Notes:
(a) The “Before the Cooke Transaction, the Proposed Transaction and the Southgold Acquisition” financial information is based on Sibanye Gold’s reviewed consolidated
interim financial statements of Sibanye Gold for the six months ended 30 June
2013. Sibanye Gold has published provisional financial statements for the year
ended 31 December 2013, but to ensure comparability with available public
information for Wits Gold and the Cooke Operations Sibanye Gold’s reviewed
consolidated interim results for the six months ended 30 June 2013 is used.
(b) The financial information for Newshelf, in respect of the Cooke Transaction, and Wits Gold, in respect of the Proposed Transaction, is based on their respective
reviewed interim financial statements for the six months ended 30 June 2013.
(c) Transaction fees incurred and forecast for all the transactions have been included inthe financial effects. (d) The adjustment relates to the acquisition of the 74% interest in Newshelf, in exchange for the Consideration Shares. The number of Consideration Shares to be issued is based on 17% of Sibanye Gold’s issued share capital on a fully diluted basis as of 30 June 2013.
(e) The estimated consideration for the Cooke Transaction of R3 338 million, is based on the issue of 157 037 992 shares at an issue price of R21.70 per share, being
Sibanye Gold’s closing share price on 27 March 2014. The adjustment includes the
consolidation journals, eliminating the equity of Newshelf and recognising negative
goodwill of approximately R59 million on consolidation. Sibanye Gold has not re-
valued any of the assets or liabilities of Newshelf and used the values per the
Newshelf reviewed interim financial statements for the six months ended 30 June
2013 in determining the negative goodwill. Sibanye Gold would be required to do a
purchase price allocation in accordance with IFRS 3 Business Combinations (IFRS
3) once the transaction is completed. The final goodwill or negative goodwill amount
will be determined by using the actual consideration and the fair values of the assets
and liabilities acquired when the Cooke Transaction is concluded.
(f) The adjustment relates to basic and diluted earnings per share and headline and diluted headline attributable to Sibanye Gold shareholders resulting from the impact
of pro forma adjustments and the increase resulting from the impact of the increase
in the weighted average number of ordinary shares (from the issue of the
157 037 992 Consideration Shares, as described above). 100% weighting was
assumed for the share issue.
(g) The adjustment relates to net asset value and net tangible asset value per share resulting from the impact of pro forma adjustments and reflecting the increase in the
number of ordinary shares.
(h) The adjustment relates to the Proposed Transaction, the acquisition of the 100% interest in Wits Gold for the cash Total Consideration.
(i) The adjustment includes the consolidation journals, eliminating the equity of Wits Gold. Wits Gold does not constitute a business and the Proposed Transaction is considered to be outside the scope of IFRS 3 and is accounted for as an asset acquisition in which the cost of the acquisition is allocated between the individual
identifiable assets and liabilities based on their relative fair values. (j) The adjustment relates to the Southgold Acquisition.
(k) As Southgold was under business rescue for the six months ended 30 June 2013, Sibanye Gold’s management concluded that the inclusion of Southgold’s results for
the period would be misleading as it does not represent the true nature of the
business being acquired. The financial information, more specific the statement of
financial position, is based on Southgold’s reviewed interim financial statements for
the six months ended 30 June 2013 while the company was under business rescue.
(l) The adjustment includes the consolidation journals, eliminating the equity of Southgold. The Southgold Acquisition would meet the definition of a business
combination under IFRS 3 and would require apurchase price allocation in accordance with IFRS 3 once the transaction is completed.Sibanye Gold has calculated the fair value of the Southgold Debt as at 30 June 2013.
The fair value of the Southgold Debt is influenced by various factors as the debt will be repaid from free cash flows. In calculating the free cash flow, a gold price of R430 000/kg was
applied to the life of mine plan as accepted under the business rescue plan and
discounted applying US Dollar discount rate that reflects market assessments at 30
June 2013. The US Dollar fair value of the loan was then converted to Rand
applying the period exchange rate of R10.15/USD. Southgold’s carrying value of
property, plant and equipment is R856 million at 30 June 2013 after the company
has recognised an impairment loss of R3.9 billion in 2012. Applying the same
assumptions to the life of mine, the fair value of the property plant and equipment is
considered to be approximately R3 002 million. Sibanye Gold has not re-valued any
of the other assets and liabilities of Southgold and used the values per the
Southgold reviewed interim financial statements for the six months ended 30 June
2013 to calculate the negative goodwill of R1 784 million. As Southgold is acquired
for the nominal amount of R100.00, any fair value adjustment to property, plant and
equipment above R1 218 million will result in negative goodwill.
5. Withdrawal of cautionary Following the publication of the terms and financial effects of the transaction caution is
no longer required to be exercised by shareholders when dealing in their securities in the
Company.
Johannesburg
31 March 2014
Corporate adviser Qinisele Resources Proprietary Limited JSE Sponsor JP Morgan South African Legal Adviser Edward Nathan Sonnenbergs Canadian Legal Counsel Norton Rose Fulbright Canada LLP US Legal Counsel Linklaters LLP
background image SIGNATURES
Southgold business rescue completed
The Star Early Edition4 Jul 2014Dineo Faku
https://www.sec.gov/alj/aljdec/2016/id1050jsp.pdf
"...THE COMPLETION of business rescue of Southgold Exploration meant the Burnstone gold mine in Balfour, Mpumalanga, was likely to resuscitate the economy of the area, Peter van den Steen, the mine’s business rescue practitioner, said yesterday.
Burnstone is 100 percent owned by Southgold, which was previously held by JSE- and Toronto-listed Great Basin Gold.
Great Basin Gold filed for business rescue at Southgold in September 2012. The company invested $500 million (R5.4 billion) to develop the mechanised mine, but went into liquidation after running into financial difficulties.
Wits Gold became the winning bidder for Southgold Exploration from the business rescue practitioner.
Sibanye Gold, South Africa’s second-largest gold producer, exercised its option to acquire Southgold and Burnstone last year after buying Wits Gold for $7.4m and taking on $177.3m in bank debt owed. Sibanye has plans to spend R1 billion to develop the ore body.
The business rescue process started 22 months ago and was completed on Monday.
“The completion of the business rescue is huge. The mine was facing liquidation, which could have resulted in a hole in the ground and some scrap metal around it, as all licences and rights lapse when a mine is liquidated. This would have been another Aurora empowerment controversy,” Van den Steen said.
Aurora was named the preferred bidder for Pamodzi’s liquidated Orkney and Grootvlei mines and was blamed for stripping the assets and selling them for scrap metal.
Van den Steen was roped in by Southgold to initiate the business rescue and proposed restructuring of the company’s debt and the sale of Burnstone.
The completion of the business rescue would allow Sibanye to develop Burnstone, James Wellsted, a Sibanye Gold spokesman, said yesterday.
Sibanye had completed a due diligence on the mine and needed to work on understanding the ore body before projections for production were made public. Approval for the plans from the executive committee were also outstanding, he said.
The company planned to use conventional mining methods and would mine only higher grade ore, unlike Great Basin, which planned to mechanise. “We are still developing our production plans and strategy, so any forecasts on issues like jobs and life of mine are pure speculation at this stage.”
Lara Kahn, a partner at Webber Wentzel, which represented Van den Steen, said this was the first and largest business rescue success in South Africa. The transaction was a real “shot in the arm” for business rescue.
She believed that South Africa could see a continued rise in business rescue transactions. “This is a real good news story for South African enterprises as the Southgold business rescue impacts both the mining industry and the financial sector.”
Great Basin Gold shares are currently suspended.
Great Basin Gold Ltd (GBGJ.J)
Related Topics: STOCKSSTOCK SCREENERMARKET DATABASIC MATERIALSGOLD
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SUMMARY
Name Age Since Current Position
Ronald Thiessen
64 2005 Independent Chairman of the Board
Ray Dombrowski
2012 Chief Executive Officer
Patrick Cooke
2012 Interim Chief Financial Officer, Director
Peter Gibson
2012 Chief Financial Officer
Dana Roets
2011 Chief Operating Officer
Willem Beckmann
2012 Vice President - Legal and Compliance
Philip Bentley
2010 Vice President - Geology and Exploration
Bheki Khumalo
2011 Vice President - Organizational Effectiveness
Dawid Mostert
46 2006 Vice President - Human Capital
Bernhard Zinkhofer
60 2011 Corporate Secretary
Joshua Ngoma
2009 Director
T. Barry Coughlan
71 1998 Independent Director
Anu Dhir
45 2011 Independent Director
Octavia Matloa
40 2011 Independent Director
Michael Curlook
Head - Investor Relations & Communications» Insider Trading
BIOGRAPHIES
Name Description
Ronald Thiessen
Mr. Ronald W. Thiessen is an Independent Chairman of the Board of Great Basin Gold Ltd., since December 6, 2005. He is a Chartered Accountant with professional experience in finance, taxation, mergers, acquisitions and re-organizations. Since 1986, Mr. Thiessen has been involved in the acquisition and financing of mining and mineral exploration companies. Mr. Thiessen is a director of Hunter Dickinson Inc. (“HDI”) and its wholly owned subsidiary, Hunter Dickinson Services Inc. (“HDSI”), a company providing management and administrative services to several publicly-traded companies and focuses on directing corporate development and financing activities. His other directorships includes: Amarc Resources Ltd., Anooraq Resources Corporation, Continental Minerals Corporation, Detour Gold Corporation, Farallon Mining Ltd., Great Basin Gold Ltd., Northern Dynasty Minerals Ltd., Quartz Mountain Resources Ltd., Rockwell Diamonds Inc., Taseko Mines Limited.
Ray Dombrowski
Patrick Cooke
Mr. Patrick Randal Cooke, B.Comm. (Wits), CA (SA), serves as Interim Chief Financial Officer, Director of Great Basin Gold Ltd. He has been appointed as Interim Chief Financial Officer of the Company effective August 16, 2012. Mr. Patrick Cooke received his chartered accountant designation in South Africa in 1981. As a Chartered Accountant he worked as a management consultant with one of the accounting companies as well as working for a merchant bank. Mr. Cooke was responsible for listing two companies on the main board of the Johannesburg Stock Exchange and was the Financial Director of a third JSE listed company. His industry experience is wide, having been involved in mineral resources, information technology, wholesale fast moving consumer goods, financial services and professional services companies. He was appointed a non-executive director of Sallies Limited in October 2009 and, with effect from February 1, 2010, was appointed Financial Director and Chief Operating Officer and with effect from 8 February 2011 was appointed Acting Chief Executive Officer. Effective 1 January 2012 Mr. Cooke resigned from Sallies Limited. Mr. Cooke has been appointed a non-executive director of Anooraq Resources Corporation with effect from 1 January 2012. His other directorships includes: Pangea DiamondFields PLC., Great Basin Gold Ltd., Sallies Ltd., Anooraq Resources Corp.
Peter Gibson
Dana Roets
Mr. Dana Roets is Chief Operating Officer of Great Basin Gold Ltd., since October 3, 2011. Dana Roets is a qualified Mining Engineer and an alumnus of the University of Pretoria (1986), who also holds an MBA through the University of Cape Town (1995). He started his mining career at Gold Fields’ St Helena Gold Mine in the Free State, and then spent two years as Manager Mining and General Manager at the Oryx Gold Mine. He was Managing Director of Kloof Mines before spending four years as Managing Director of Gold Fields’ Free State Mines and Vice President and Head of Operations at Beatrix Gold Mine. Subsequently, he spent a further three years as the Vice President: Technical Services and a year as Vice President and Head of Operations at the Kloof Gold Mine. He was appointed VP Corporate Development with Great Basin Gold in February 2010, before joining Anglo Platinum in mid-2011. He was instrumental in the development and application of Long Hole Stoping as mining method at company's Burnstone operations.
Willem Beckmann
Mr. Willem J. P. Beckmann serves as Vice President - Legal and Compliance of Great Basin Gold Ltd. He joined Great Basin Gold Limited in 2006 and is responsible for the Company’s legal and compliance, security, risk management and environmental functions. Mr. Beckmann is an accredited attorney, notary and conveyancer. He began his career as an officer in the South African Defence Force, where he gained experience in administrative law, the drafting of legislation and investigatory review techniques. He entered the gold mining industry in 2002 as Group Security Manager at Harmony Gold, before founding the company’s Legal and Compliance Department, overseeing the security, legal and enterprise-wide risk management functions. He obtained his B.Juris LLB from North West University in 1983.
Philip Bentley
Mr. Philip N. Bentley is Vice President - Geology and Exploration of Great Basin Gold Ltd. He joined Great Basin Gold Limited in September 2008. Mr. Bentley has more than 26 years experience in the mineral exploration and mining sector, gained mostly in sub-Saharan Africa, North and South America, and Australasia. He has operated from South Africa since 1984, working with companies such as Randgold Resources Ltd., Rand Mines / Randgold Exploration, Central African Gold plc, and Metallon Gold Corp. Mr. Bentley specializes in applied geology with respect to gold mineralization systems, as well as core exploration management, orebody evaluation, and project development. His qualifications include an MSc in Economic Geology (Victoria, NZ) and an MSc in Mineral Exploration (Rhodes, RSA).
Bheki Khumalo
Mr. Bheki Khumalo is Vice President - Organizational Effectiveness of Great Basin Gold Ltd., since October 2011. Mr. Khumalo began his career as a Clinical Psychologist from 1997 to 2003. He then studied for his LLB with the University of South Africa and was thereafter admitted as an attorney. As a practising Attorney he worked for Deneys Reitz now known as Norton Rose Group. He then joined BHP Billiton in 2007 and was later appointed as Executive Director for Hillside Aluminium Limited and Billiton SA Aluminium Limited until he joined Great Basin Gold. He holds a Masters degree in Clinical psychology and an LLB.
Dawid Mostert
Mr. Dawid J. Mostert is Vice President - Human Capital of Great Basin Gold Ltd., since March 1, 2006. He joined Great Basin Gold Limited as Vice President, Human Capital in March 2006. Mr. Mostert has more than 15 years’ experience in the mining sector. His past positions have included Human Resources Executive and Manager, Mine Manager (Elandsrand), Training and People Development Executive and Employee Relations Executive. In 2002 he was appointed an Executive of Harmony Gold, in which capacity he served on the Boards of The South African Mathematics Foundation and the Mining Qualifications Authority (Mining SETA). Mr. Mostert holds a Diploma in Labour Relations (DPLR) (Advanced Labour Law) and a MBA Degree from Wits University in South Africa.
Bernhard Zinkhofer
Joshua Ngoma
Mr. Joshua C. Ngoma, M.Eng., is a Director of Great Basin Gold Ltd., since July 15, 2009. He is a founding member and the current Chief Executive Officer of Tranter Holdings (Pty) Ltd. He holds a Bachelor of Engineering degree with honours in mining engineering from Camborne School of Mines in the UK and a Master of Engineering in Project Management from Pretoria University in South Africa and has spent most of his career in the mining industry. He served with ZCCM (Zambia Consolidated Copper Mines Ltd), Cementation Mining, De Beers and Sasol Mining before joining Eyesizwe Coal, where he served from Group Technical Manager to General Manager of the Matla Colliery. He later joined Anglo Platinum as the Group Manager: New Mining Technologies, where he was responsible for the development and implementation of the Group’s new mining technologies. His other directorships includes: Great Basin Gold Ltd.
T. Barry Coughlan
Mr. T. Barry Coughlan is an Independent Director of Great Basin Gold Ltd., since February 1998. Mr. Coughlan isis a self-employed businessman and financier active in the mineral resource business for over the past 30 years and has had global experience in the acquisition, financing, exploration and development of resources projects and publicly traded mining companies. His principal occupation is President and Director of TBC Ventures Ltd., a private investment company, which has participate in the development of resource projects in Canada, the USA, Africa and Mexico, Ireland, Poland and Guatemala. His other directorships includes: Farallon Resources Ltd., Great Basin Gold Ltd., Icon Industries Ltd., Quartz Mountain Resources Ltd., Taseko Mines Limited., Quadro Resources Ltd. (formerlyTri-Gold Resources Corp)., Amarc Resources Ltd., Creso Explorations Inc., Vatic Ventures Corp., Rathdowney Resource Corp.
I am hoping Newmont may provide a private placement via Kerr Mines in 2017? Claudio recently mentioned Kerr needs funds or a joint venture regarding the McGarry property in Ontario.
BTW, Brad Atkinson's expertise is quite a gain for Kerr Mines imo
https://www.linkedin.com/in/abradatkinson
From time to time, TimminsToday will examine the state of mining in Ontario's northeast where, for over a century, gold mining has been the backbone of the local economy.
With over 100 years of mining expertise, the knowledge and skills developed in Ontario's northeast may be as valuable as the gold itself as many companies that cut their teeth in mining in area are exporting their gold mining knowledge to other parts of North America and the world.
Among the great mining names in northeastern Ontario is the Kerr-Addison Mine in Virginiatown, a small community in the Larder Lake-Cadillac gold mining camp, but after more than 100 years of mining in the area Kerr Mines is going in another direction.
In 2014, Kerr shareholders voted to take the mining expertise, that the company developed at the McGarry Gold Mine, and head south to Arizona, where the company purchased the Copperstone mining property in the western part of Arizona, along the Walker Lane Belt near Southern California. That area contains a total known gold endowment of over 40 million ounces of gold.
“McGarry Mine was the flagship resource of Armistice Resources, which changed its name to Kerr Mines in 2014,” said Claudio Ciavarella, president of Kerr Mines.
Kerr Mines is a North American gold development and exploration company based in Toronto.
Kerr’s Ontario properties include The McGarry Mine in McGarry Township near Virginiatown, Ont.; and the Bear Lake property, also in McGarry Township, which consists of 15 patented claims and two mining licences of occupation over 237 hectares of land (585 acres) in McGarry Township just west of the McGarry Mine.
“Kerr acquired the Copperstone mine in Arizona, in 2014, and the same team that was running the McGarry mine evaluated and acquired Copperstone,” said Ciavarella.
“We were contacted by the owners of Copperstone as they were having very similar problems as we were having at McGarry because of the mining downturn,” Ciavarella said.
“Kerr sent our engineers, geologists and mining managers to evaluate the Copperstone site, which like McGarry was an underground mine,” stated Ciavarella. “And through our evaluation we were able to determine Copperstone had a tremendous upside.”
Kerr Mines is now set to develop Copperstone and it is doing so with the skills and knowledge that it developed in Northeastern Ontario.
“Not only did Copperstone have the underground mine asset, but it also had a lot of exploration potential beyond that,” he said. “Copperstone is fully permitted, and has all the infrastructure built – underground access, a mill on site, tailings facility, electrical power, roads, assay labs and work facilities.”
The next steps for Kerr Mines at the Copperstone site is to undertake a definition drill program to further delineate the amount of gold potential at the site and develop a mine plan and economic feasibility study and from there decide on proceeding with gold extraction.
Kerr expects to complete its pre-feasibility study by the end of fiscal year 2017 or the first quarter of 2018.
Copperstone has historically produced about 500,000 ounces of gold. Copperstone contains existing mining infrastructure, that helps reduce investment requirements and speeds up the timeline for production.
As for the future of the McGarry mine site, all options are open according to Ciavarella.
“The development of McGarry Mine always had the challenges of the equity markets, when the markets are good you can go out and do some work on the property, but when the markets are down as they have been since about 2013 then things slowdown,” Ciavarella explained.
“It’s a good site, it is in the Larder Lake-Cadillac break mining district, which is an historic area of gold production,” said Ciavarella. “Last time we were on that project was in 2013, but as the market took a down turn and that is really where it stayed.”
As Kerr Mines refocused their operating priorities, the sold off properties in the Larder Lake area including the original Kerr-Addison mine to Golden Candle
“But we kept our interest in McGarry,” he said. “We are looking at how to bring McGarry, back to life by joint venturing with another company and that is what our next step is- we may move forward on working the mine or we may decide to monetize it.”
The McGarry mine property consists of 31 patented mining claims, three unpatented claims and mining licenses of occupation totaling 1,112 acres, with surface rights on most claims totalling (975.56 acres).
Brad Atkinson : --- Kerr Mines Inc. appointed Brad Atkinson as director of exploration and geology. Previously, he was a geologist for Phelps Dodge Morenci and a corporate project geologist for Newmont Gold. They also announced the addition of Michael R. Smith as a technical advisor of exploration and geology. Smith is currently president of Monarca Minerals.
Brad Atkinson : --- Kerr Mines Inc. appointed Brad Atkinson as director of exploration and geology. Previously, he was a geologist for Phelps Dodge Morenci and a corporate project geologist for Newmont Gold. They also announced the addition of Michael R. Smith as a technical advisor of exploration and geology. Smith is currently president of Monarca Minerals.
Finally, we have some actual-institutional-ownership of Kerr Mines shares ... hmmm? https://www.pyramis.com
https://ssl.grsaccess.com/GRSAsset/media/73061/Pyramis%20Global%20Advisors%20name%20change.pdf
MUTUAL FUND OWNERSHIP INSTITUTIONAL OWNERSHIP
Institution Name Shares Held (% Change) % Outstanding
Pyramis Global Advisors, LLC 668,888(0.00%) 0.52
https://ca.linkedin.com/company/pyramis-global-advisors
Fidelity Investments Canada ULC 82,759(+4.84%) 0.06
CT Financial Advisors LLC 10(0.00%) 0.00
It is a start larger institutions only invest after doing proper DD..
Well Pyramis has invested about $120,000 plus into this venture via the shares purchased $o... imho
Cheer$,
GoldenPolarBear
PS https://www.msn.com/en-ca/money/stockdetails/ownership/fi-127.1.KER.TSE?ownershipType=institutional
Finally, we have some actual institutional ownership of Kerr Mines shares ... hmmm?
https://ssl.grsaccess.com/GRSAsset/media/73061/Pyramis%20Global%20Advisors%20name%20change.pdf
MUTUAL FUND OWNERSHIP INSTITUTIONAL OWNERSHIP
Institution Name Shares Held (% Change) % Outstanding
Pyramis Global Advisors, LLC 668,888(0.00%) 0.52
https://ca.linkedin.com/company/pyramis-global-advisors
Fidelity Investments Canada ULC 82,759(+4.84%) 0.06
CT Financial Advisors LLC 10(0.00%) 0.00
It is a start larger institutions only invest after doing proper DD..
Well Pyramis has invested about $120,000 plus into this venture via the shares purchased $o... imho
Cheer$,
GoldenPolarBear
PS https://www.msn.com/en-ca/money/stockdetails/ownership/fi-127.1.KER.TSE?ownershipType=institutional
IRW-News: Kerr Mines Inc: Kerr Mines leitet erste Phase der oberirdischen Bohrungen in der Mine Copperstone ein
16.08.17, 07:57 dpa-AFX
IRW-PRESS: Kerr Mines Inc: Kerr Mines leitet erste Phase der oberirdischen Bohrungen in der Mine Copperstone ein
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.
Wir sind sehr zufrieden, dass wir die Planungen für dieses Programm abschließen konnten, und freuen uns nun darauf, mit der Umsetzung des Programms zu beginnen. Das Explorationsprogramm 2017 bei Copperstone ist der Grundpfeiler für die bevorstehende vorläufige Machbarkeitsstudie und ein wesentlicher Bestandteil der Strategie zur Weiterentwicklung des Projekts Copperstone Mine auf eine Produktionsentscheidung hin, sagte Martin Kostuik, President von Kerr Mines.
"We are very pleased to have completed the planning of the program and are excited to begin executing it. 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, " said Martin Kostuik, President Kerr Mines
Die technischen Informationen in dieser Pressemeldung wurden in Übereinstimmung mit den kanadischen Regulierungsbestimmungen der Vorschrift National Instrument 43-101 erstellt und von Michael R. Smith, einem zugelassenen Geologen, in seiner Eigenschaft als qualifizierter Sachverständiger im Sinne von NI 43-101 für dieses Projekt geprüft und genehmigt.
Längs- und Querschnitte, Lagepläne und Abbildung in Verbindung mit dieser Pressemeldung sind auf der Website des Unternehmens, www.kerrmines.com, verfügbar..
Über Kerr Mines Inc.
Kerr Mines ist ein nordamerikanisches Golderschließungs- und -explorationsunternehmen, das sich derzeit mit dem Ausbau der vollständig genehmigten ehemaligen Produktionsstätte Copperstone beschäftigt. Copperstone ist ein Projekt mit hochgradigen Goldvorkommen, das sich entlang des Mineralgürtels Walker Lane im bergbaufreundlichen US-Bundesstaat Arizona erstreckt. Das Projekt birgt auf einer Grundfläche von 12.000 Acres enormes Explorationspotenzial. In der Vergangenheit wurden hier bereits über 500.000 Unzen Gold gefördert. Ziel des Unternehmens ist es, Copperstones Potenzial durch die Definition und Erweiterung der bestehenden Ressourcen zu maximieren und die Kennzahlen des Bergbaubetriebs derart zu stärken, dass eine Produktionsentscheidung herbeigeführt werden kann.
Vorsorglicher Hinweis bezüglich zukunftsgerichteten Aussagen
Diese Pressemitteilung enthält zukunftsgerichtete Aussagen, zu denen auch die derzeitigen Erwartungen hinsichtlich des Zeitpunkts für den Produktionsbeginn und die entsprechende Produktionsrate ab Produktionsbeginn zählen. Diese zukunftsgerichteten Aussagen unterliegen verschiedenen Risiken und Unsicherheiten, die dazu führen könnten, dass sich die tatsächlichen Ergebnisse erheblich von jenen unterscheiden, die in solchen Aussagen beschrieben werden. Diese Aussagen basieren auf den derzeitigen Erwartungen und sind mit einer Reihe von Unsicherheiten und Risiken behaftet. Die tatsächlichen Ergebnisse können sich daher erheblich von jenen unterscheiden, die in solchen Aussagen beschrieben werden. Zu diesen Unsicherheiten und Risiken zählen unter anderem auch die Stärke der kanadischen Wirtschaft; der Goldpreis; Betriebs-, Finanzierungs- und Liquiditätsrisiken; die Aussagekraft von Mineralressourcenschätzungen im Vergleich zu den tatsächlichen Mineralressourcen; das Vorhandensein von Faktoren, die zur wirtschaftlichen Machbarkeit einer Minerallagerstätte beitragen würden; sowie Risiken und Gefahren in Zusammenhang mit untertägigen Bergbaubetrieben. Risiken und Unsicherheiten in Zusammenhang mit der Geschäftstätigkeit von Kerr Mines sind im Detail in den veröffentlichten Unterlagen des Unternehmens - wie etwa dem Jahresbericht und der MD&A - beschrieben, die bei den kanadischen Wertpapierbehörden eingereicht werden und unter www.sedar.com eingesehen werden können. Die Leser sind dringend angehalten, diese Unterlagen zu konsultieren. Kerr Mines ist außerhalb der gesetzlichen Vorschriften nicht verpflichtet, zukunftsgerichtete Aussagen oder die Gründe dafür zu aktualisieren, warum sich die tatsächlichen Ergebnisse von solchen Aussagen unterscheiden könnten.
Die TSX und deren Regulierungsorgane (in den Statuten der TSX Venture Exchange als Regulation Services Provider bezeichnet) übernehmen keinerlei Verantwortung für die Angemessenheit oder Genauigkeit dieser Meldung. Die in dieser Pressemeldung enthaltenen Informationen wurden von keiner Wertpapierbehörde oder einer anderen Regulierungsbehörde genehmigt oder abgelehnt.
Nähere Informationen erhalten Sie über Claudio Ciavarella, Chief Executive Officer, cciavarella@kerrmines.com, 647-229-0503.
Die Ausgangssprache (in der Regel Englisch), in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung: für den Inhalt, für die Richtigkeit, der Angemessenheit oder der Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung auf www.sedar.com , www.sec.gov , www.asx.com.au/ oder auf der Firmenwebsite!
Die englische Originalmeldung finden Sie unter folgendem Link:
http://www.irw-press.at/press_html.aspx?messageID=40638
IRW-News: Kerr Mines Inc: Kerr Mines leitet erste Phase der oberirdischen Bohrungen in der Mine Copperstone ein
16.08.17, 07:57 dpa-AFX
IRW-PRESS: Kerr Mines Inc: Kerr Mines leitet erste Phase der oberirdischen Bohrungen in der Mine Copperstone ein
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.
Wir sind sehr zufrieden, dass wir die Planungen für dieses Programm abschließen konnten, und freuen uns nun darauf, mit der Umsetzung des Programms zu beginnen. Das Explorationsprogramm 2017 bei Copperstone ist der Grundpfeiler für die bevorstehende vorläufige Machbarkeitsstudie und ein wesentlicher Bestandteil der Strategie zur Weiterentwicklung des Projekts Copperstone Mine auf eine Produktionsentscheidung hin, sagte Martin Kostuik, President von Kerr Mines.
"We are very pleased to have completed the planning of the program and are excited to begin executing it. 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, " said Martin Kostuik, President Kerr Mines
Die technischen Informationen in dieser Pressemeldung wurden in Übereinstimmung mit den kanadischen Regulierungsbestimmungen der Vorschrift National Instrument 43-101 erstellt und von Michael R. Smith, einem zugelassenen Geologen, in seiner Eigenschaft als qualifizierter Sachverständiger im Sinne von NI 43-101 für dieses Projekt geprüft und genehmigt.
Längs- und Querschnitte, Lagepläne und Abbildung in Verbindung mit dieser Pressemeldung sind auf der Website des Unternehmens, www.kerrmines.com, verfügbar..
Über Kerr Mines Inc.
Kerr Mines ist ein nordamerikanisches Golderschließungs- und -explorationsunternehmen, das sich derzeit mit dem Ausbau der vollständig genehmigten ehemaligen Produktionsstätte Copperstone beschäftigt. Copperstone ist ein Projekt mit hochgradigen Goldvorkommen, das sich entlang des Mineralgürtels Walker Lane im bergbaufreundlichen US-Bundesstaat Arizona erstreckt. Das Projekt birgt auf einer Grundfläche von 12.000 Acres enormes Explorationspotenzial. In der Vergangenheit wurden hier bereits über 500.000 Unzen Gold gefördert. Ziel des Unternehmens ist es, Copperstones Potenzial durch die Definition und Erweiterung der bestehenden Ressourcen zu maximieren und die Kennzahlen des Bergbaubetriebs derart zu stärken, dass eine Produktionsentscheidung herbeigeführt werden kann.
Vorsorglicher Hinweis bezüglich zukunftsgerichteten Aussagen
Diese Pressemitteilung enthält zukunftsgerichtete Aussagen, zu denen auch die derzeitigen Erwartungen hinsichtlich des Zeitpunkts für den Produktionsbeginn und die entsprechende Produktionsrate ab Produktionsbeginn zählen. Diese zukunftsgerichteten Aussagen unterliegen verschiedenen Risiken und Unsicherheiten, die dazu führen könnten, dass sich die tatsächlichen Ergebnisse erheblich von jenen unterscheiden, die in solchen Aussagen beschrieben werden. Diese Aussagen basieren auf den derzeitigen Erwartungen und sind mit einer Reihe von Unsicherheiten und Risiken behaftet. Die tatsächlichen Ergebnisse können sich daher erheblich von jenen unterscheiden, die in solchen Aussagen beschrieben werden. Zu diesen Unsicherheiten und Risiken zählen unter anderem auch die Stärke der kanadischen Wirtschaft; der Goldpreis; Betriebs-, Finanzierungs- und Liquiditätsrisiken; die Aussagekraft von Mineralressourcenschätzungen im Vergleich zu den tatsächlichen Mineralressourcen; das Vorhandensein von Faktoren, die zur wirtschaftlichen Machbarkeit einer Minerallagerstätte beitragen würden; sowie Risiken und Gefahren in Zusammenhang mit untertägigen Bergbaubetrieben. Risiken und Unsicherheiten in Zusammenhang mit der Geschäftstätigkeit von Kerr Mines sind im Detail in den veröffentlichten Unterlagen des Unternehmens - wie etwa dem Jahresbericht und der MD&A - beschrieben, die bei den kanadischen Wertpapierbehörden eingereicht werden und unter www.sedar.com eingesehen werden können. Die Leser sind dringend angehalten, diese Unterlagen zu konsultieren. Kerr Mines ist außerhalb der gesetzlichen Vorschriften nicht verpflichtet, zukunftsgerichtete Aussagen oder die Gründe dafür zu aktualisieren, warum sich die tatsächlichen Ergebnisse von solchen Aussagen unterscheiden könnten.
Die TSX und deren Regulierungsorgane (in den Statuten der TSX Venture Exchange als Regulation Services Provider bezeichnet) übernehmen keinerlei Verantwortung für die Angemessenheit oder Genauigkeit dieser Meldung. Die in dieser Pressemeldung enthaltenen Informationen wurden von keiner Wertpapierbehörde oder einer anderen Regulierungsbehörde genehmigt oder abgelehnt.
Nähere Informationen erhalten Sie über Claudio Ciavarella, Chief Executive Officer, cciavarella@kerrmines.com, 647-229-0503.
Die Ausgangssprache (in der Regel Englisch), in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung: für den Inhalt, für die Richtigkeit, der Angemessenheit oder der Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung auf www.sedar.com , www.sec.gov , www.asx.com.au/ oder auf der Firmenwebsite!
Die englische Originalmeldung finden Sie unter folgendem Link:
http://www.irw-press.at/press_html.aspx?messageID=40638
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Pleased that ...
Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.