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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.
Kerr Mines Initiates First-Phase of Surface-Drilling at Copperstone Mine
Arizona
TORONTO, Aug. 15, 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 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 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.
ABOUT KERR MINES
Kerr Mines Initiates First-Phase of Surface-Drilling at Copperstone Mine
Arizona
TORONTO, Aug. 15, 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 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 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.
ABOUT KERR MINES
Fibanotch, I am hoping Newmont will joint-venture with Kerr Mines particularly regarding their golden McGarry property in Ontario...
Near the end of this detailed article McGarry is mentioned... $
KERR MINES INITIATES FIRST PHASE OF THE SURFACE DRILLING AT COPPERSTONE MINE
TORONTO, Aug. 15, 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 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 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.
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.
Kid Biscuit FYI,
KERR MINES INITIATES FIRST PHASE OF THE SURFACE DRILLING AT COPPERSTONE MINE
TORONTO, Aug. 15, 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 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 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.
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 INITIATES FIRST PHASE OF THE SURFACE DRILLING AT COPPERSTONE MINE
TORONTO, Aug. 15, 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 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 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.
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 INITIATES FIRST PHASE OF THE SURFACE DRILLING AT COPPERSTONE MINE
TORONTO, Aug. 15, 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 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 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.
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.
VANCOUVER, Aug. 14, 2017 /CNW/ - Northern Vertex Mining Corp. (TSX.V:NEE) (OTC:NHVCF)(the "Company" or "Northern Vertex") is pleased to provide the following update on construction activities at its 100% owned Moss Mine project located near Bullhead City, Arizona.
Kenneth Berry, President and CEO, stated: "Our team continues to execute its development plan to become the next producing Arizona Gold Mine. I would like to recognize the contributions of Dr. David Stone (Project Manager), Joseph Bardswich, P.Eng (President, Golden Vertex), M3 Engineering, Golder Associates, N.A. Degerstrom, Goodfellow Crushers, KPI/JCI, Great Basin Industrial and the numerous other US based companies for their diligent efforts and fiscal responsibility toward achieving our goal of pouring gold in Q4, 2017."
VANCOUVER, Aug. 14, 2017 /CNW/ - Northern Vertex Mining Corp. (TSX.V:NEE) (OTC:NHVCF)(the "Company" or "Northern Vertex") is pleased to provide the following update on construction activities at its 100% owned Moss Mine project located near Bullhead City, Arizona.
Kenneth Berry, President and CEO, stated: "Our team continues to execute its development plan to become the next producing Arizona Gold Mine. I would like to recognize the contributions of Dr. David Stone (Project Manager), Joseph Bardswich, P.Eng (President, Golden Vertex), M3 Engineering, Golder Associates, N.A. Degerstrom, Goodfellow Crushers, KPI/JCI, Great Basin Industrial and the numerous other US based companies for their diligent efforts and fiscal responsibility toward achieving our goal of pouring gold in Q4, 2017."
"...It's a dangerous job with lots of physical challenges.
Pilots flying U2 spy planes out of South Korea have to take many precautions and eat food similar to astronauts.
The planes, which fly missions for the US Army, play an important role in capturing information about North Korea...."
http://www.bbc.com/news/av/world-asia-40869889/spy-plane-pilot-in-south-korea-prepares-for-flight
PB: Well, that is not a story that I encounter very often.
CC: It is unique, but I think it was the right thing to do. We are going to work our butts off to make sure that everyone who is involved with us succeeds.
"...It's a dangerous job with lots of physical challenges.
Pilots flying U2 spy planes out of South Korea have to take many precautions and eat food similar to astronauts.
The planes, which fly missions for the US Army, play an important role in capturing information about North Korea...."
http://www.bbc.com/news/av/world-asia-40869889/spy-plane-pilot-in-south-korea-prepares-for-flight
PB: Well, that is not a story that I encounter very often.
CC: It is unique, but I think it was the right thing to do. We are going to work our butts off to make sure that everyone who is involved with us succeeds.
In 2013, "....Armistice says processing starts at QMX facilities
19TH AUGUST 2013
BY: CREAMER MEDIA REPORTER
JOHANNESBURG (miningweekly.com) – TSX-listed Armistice Resources is aiming to start selling gold from its McGarry mine, in Ontario’s Kirkland Lake area, this month, CEO Todd Morgan said on Monday, announcing that QMX Gold has started processing the gold-bearing ore from McGarry.
Armistice has a custom milling agreement with TSX-listed QMX to process ore at its facilities in Val-d’Or, Quebec.
In June, the companies agreed to an initial commitment of 10 000 t, including mostly development ore, to be followed by batches of 5 000 t.
“As the first material being processed has a high proportion of development ore, it is normal that the grade should be significantly below what we expect to realise from future production stope ore due to normal dilution in development headings,” Morgan said.
He reported that the initial processing had gone well and that Armistice expected to begin selling gold this month.
The McGarry project is located immediately adjacent to the former Kerr Addison mine, which produced over 11-million ounces of gold over its 58-year history. ..."
http://www.miningweekly.com/article/armistice-says-processing-starts-at-qmx-facilities-2013-08-19
http://kerrmines.com/project/mcgarry-property/
What happened to this QMX deal? http://www.qmxgold.ca
Might it be time to revive this deal if the price of gold continues to POP? https://mining-atlas.com/project/McGarry-Gold-Mine-Project.php
https://www.ontario.ca/page/armistice-resources-corp-jubilee-gold-inc-v-director-mine-rehabilitation
In 2013, "....Armistice says processing starts at QMX facilities
19TH AUGUST 2013
BY: CREAMER MEDIA REPORTER
JOHANNESBURG (miningweekly.com) – TSX-listed Armistice Resources is aiming to start selling gold from its McGarry mine, in Ontario’s Kirkland Lake area, this month, CEO Todd Morgan said on Monday, announcing that QMX Gold has started processing the gold-bearing ore from McGarry.
Armistice has a custom milling agreement with TSX-listed QMX to process ore at its facilities in Val-d’Or, Quebec.
In June, the companies agreed to an initial commitment of 10 000 t, including mostly development ore, to be followed by batches of 5 000 t.
“As the first material being processed has a high proportion of development ore, it is normal that the grade should be significantly below what we expect to realise from future production stope ore due to normal dilution in development headings,” Morgan said.
He reported that the initial processing had gone well and that Armistice expected to begin selling gold this month.
The McGarry project is located immediately adjacent to the former Kerr Addison mine, which produced over 11-million ounces of gold over its 58-year history. ..."
http://www.miningweekly.com/article/armistice-says-processing-starts-at-qmx-facilities-2013-08-19
http://kerrmines.com/project/mcgarry-property/
What happened to this QMX deal? http://www.qmxgold.ca
Might it be time to revive this deal if the price of gold continues to POP?
https://mining-atlas.com/project/McGarry-Gold-Mine-Project.php
https://www.ontario.ca/page/armistice-resources-corp-jubilee-gold-inc-v-director-mine-rehabilitation
(CNN)US Secretary of Defense James Mattis has insisted that diplomatic efforts to contain the threat posed by North Korea are working, and remain the favored means for solving the crisis.
Hours after President Donald Trump intensified his threat to rain "fire and fury" upon North Korea, Mattis said war would be "catastrophic."
It is the second time this week that a key member of the US administration has tried to calm the waters after bellicose comments from the President. Secretary of State Rex Tillerson has also sought to promote dialogue and diplomacy over military action.
Stocks in Asia closed lower on Friday as U.S.-North Korea geopolitical tensions came to the fore once again, keeping the demand for safe haven assets intact.
South Korea's benchmark Kospi index fell 1.69 percent, or 39.76 points, to end at 2,319.71, driven by losses in major tech and retail stocks. Samsung Electronics and SK Hynix closed down 2.79 percent and 4.66 percent respectively, while department store operator Shinsegae tumbled 9.53 percent.
Offshore investors sold 287.1 billion won ($251.5 million) in Kospi-listed stocks in the previous session, the Korean Herald reported, with the information technology sector taking the brunt of the sell off.
In Australia, the S&P/ASX 200 declined 1.18 percent, or 67.833 points, to close at 5,693.100. The index's move lower was driven by broad-based losses across most sub-indexes although gold stocks climbed. The heavily-weighted financials sub-index was 1.30 percent lower.
Markets in greater China mirrored the slide in global equities. Hong Kong's Hang Seng Index was down 2.04 percent by 3:05 p.m. HK/SIN. On the mainland, the Shanghai Composite tumbled 1.59 percent, or 51.9447 points, to close at 3,209.8047, and the Shenzhen Composite shed 1.602 percent, or 29.9985 points, to finish the session at 1,842.5981.
Japan markets are closed for the Mountain Day holiday.
Washington (CNN)It's the no-win situation that can only be imagined by US military officials tasked with preparing for a worst-case scenario -- conducting a preemptive strike on North Korea.
With little time to evacuate, millions of innocent citizens would be caught in the crossfire if the US and its regional allies were to initiate a first strike, that would almost certainly result in high casualties on both sides.
Friday morning, President Donald Trump warned on Twitter that "Military solutions are now fully in place, locked and loaded," though he said "hopefully Kim Jong Un will find another path!"
A military operation would consist of a swift and multi-dimensional attack, as the fight would be defined by the first minute of combat, according to Jerry Hendrix, a retired Navy captain and senior fellow at the Center for New American Security.
(CNN)US Secretary of Defense James Mattis has insisted that diplomatic efforts to contain the threat posed by North Korea are working, and remain the favored means for solving the crisis.
Hours after President Donald Trump intensified his threat to rain "fire and fury" upon North Korea, Mattis said war would be "catastrophic."
It is the second time this week that a key member of the US administration has tried to calm the waters after bellicose comments from the President. Secretary of State Rex Tillerson has also sought to promote dialogue and diplomacy over military action.
Stocks in Asia closed lower on Friday as U.S.-North Korea geopolitical tensions came to the fore once again, keeping the demand for safe haven assets intact.
South Korea's benchmark Kospi index fell 1.69 percent, or 39.76 points, to end at 2,319.71, driven by losses in major tech and retail stocks. Samsung Electronics and SK Hynix closed down 2.79 percent and 4.66 percent respectively, while department store operator Shinsegae tumbled 9.53 percent.
Offshore investors sold 287.1 billion won ($251.5 million) in Kospi-listed stocks in the previous session, the Korean Herald reported, with the information technology sector taking the brunt of the sell off.
In Australia, the S&P/ASX 200 declined 1.18 percent, or 67.833 points, to close at 5,693.100. The index's move lower was driven by broad-based losses across most sub-indexes although gold stocks climbed. The heavily-weighted financials sub-index was 1.30 percent lower.
Markets in greater China mirrored the slide in global equities. Hong Kong's Hang Seng Index was down 2.04 percent by 3:05 p.m. HK/SIN. On the mainland, the Shanghai Composite tumbled 1.59 percent, or 51.9447 points, to close at 3,209.8047, and the Shenzhen Composite shed 1.602 percent, or 29.9985 points, to finish the session at 1,842.5981.
Japan markets are closed for the Mountain Day holiday.
Gold prices traded at their highest level in more than two months Thursday, adding to the previous session’s sharpest daily rise since the middle of May, as simmering North Korean tensions underpinned haven investments.
“Traders have finally started to wake up to the risks out there, with North Korea acting as the initial catalyst this week,” Colin Cieszynski, chief market strategist at CMC Markets, told MarketWatch.
“With a big battle over the budget and debt ceiling and other potential flare-ups, gold may break out of the doldrums and become more active in the coming weeks,” he said.
Still, prices for gold remain below $1,300 an ounce “because so far there has been a lot of talk, but little action,” said Cieszynski. “It could take an actual negative event to send gold higher. If $1,300 resistance gives way, it could open the floodgates.”
Gold prices traded at their highest level in more than two months Thursday, adding to the previous session’s sharpest daily rise since the middle of May, as simmering North Korean tensions underpinned haven investments.
“Traders have finally started to wake up to the risks out there, with North Korea acting as the initial catalyst this week,” Colin Cieszynski, chief market strategist at CMC Markets, told MarketWatch.
“With a big battle over the budget and debt ceiling and other potential flare-ups, gold may break out of the doldrums and become more active in the coming weeks,” he said.
Still, prices for gold remain below $1,300 an ounce “because so far there has been a lot of talk, but little action,” said Cieszynski. “It could take an actual negative event to send gold higher. If $1,300 resistance gives way, it could open the floodgates.”
"...China has successfully sent "hack-proof" messages from a satellite to Earth for the first time.
The Micius satellite beamed messages to two mountain-top receiving stations 645 km (400 miles) and 1,200 km away.
The message was protected by exploiting quantum physics, which says any attempt to eavesdrop on it would make detectable changes.
Using satellites avoids some limitations that ground-based systems introduce into quantum communication...."
http://www.bbc.com/news/technology-40885723
http://www.mining.com/north-korea-breathes-new-life-gold-price-mining-stocks/
"...China has successfully sent "hack-proof" messages from a satellite to Earth for the first time.
The Micius satellite beamed messages to two mountain-top receiving stations 645 km (400 miles) and 1,200 km away.
The message was protected by exploiting quantum physics, which says any attempt to eavesdrop on it would make detectable changes.
Using satellites avoids some limitations that ground-based systems introduce into quantum communication...."
http://www.bbc.com/news/technology-40885723
(CNN) North Korea has threatened preemptive military strikes against the US, as President Donald Trump vowed to unleash "fire and fury" on Pyongyang if its aggression continued.
State-run media threatened a missile strike on the US Pacific territory of Guam and said North Korea would "turn the US mainland into the theater of a nuclear war" at any sign of an impending American attack.
It marked a dramatic escalation in rhetoric between Washington and Pyongyang, as the Trump administration sends mixed messages on how it plans to contain the growing threat from North Korea.
(CNN) North Korea has threatened preemptive military strikes against the US, as President Donald Trump vowed to unleash "fire and fury" on Pyongyang if its aggression continued.
State-run media threatened a missile strike on the US Pacific territory of Guam and said North Korea would "turn the US mainland into the theater of a nuclear war" at any sign of an impending American attack.
It marked a dramatic escalation in rhetoric between Washington and Pyongyang, as the Trump administration sends mixed messages on how it plans to contain the growing threat from North Korea.
No Fed change in September would be good for the POG imo
BTW, I wonder if Goldcorp will show any interest in Kerr's McGarry Golden Project; they are looking for a JV partner on this project in Ontario.
http://kerrmines.com/wp-content/uploads/Kerr-Mines-Corporate-Presentation-July-2017.pdf
Quote:
"...KERR MINES AWARDS KEY-CONTRACTS FOR-THE-2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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=122656
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/35024-kerr-mines-awards-key-contracts-for-2017-exploration-program-and-pre-feasibility-study-at-copperstone-mine.html
This might be another impressive golden property?
KERR MINES AWARDS KEY-CONTRACTS FOR-THE-2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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.
Well if Detour was not interested before... It might be now?
KERR MINES AWARDS KEY-CONTRACTS FOR-THE-2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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.
Must say I am pleased I picked up a pant load of Kerr way back in 2016 $o...
Let'$ hope...!
KERR MINES AWARDS KEY-CONTRACTS FOR-THE-2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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 AWARDS KEY-CONTRACTS FOR-THE-2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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 AWARDS KEY-CONTRACTS FOR-THE-2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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.
Maybe Barrick will consider... ?
KERR MINES AWARDS KEY CONTRACTS FOR THE 2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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 AWARDS KEY CONTRACTS FOR THE 2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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 AWARDS KEY-CONTRACTS FOR-THE-2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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 AWARDS KEY CONTRACTS FOR THE 2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY
TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.
In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.
DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.
HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.
A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.
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.
Ontario Securities Commission Commission des valeurs mobilières de l’Ontario
Issuer Name
Nom d'émetteur assujetti
Great Basin Gold Ltd.
In Default En défaut
Nature of Default Nature du défaut
1a, 1b, 1c, 1e, 3
Cease Traded
Ordonnance d'interdiction d'opérations
Yes/Oui
Order Date
Date de l'ordonnance (YYYY/MM/DD)
2013/09/03
Ron Thiessen, President & CEO
An accredited public accountant with more than 25 years of corporate development experience, Ron Thiessen is President and CEO of Northern Dynasty Minerals Ltd. and a Director of the Pebble Partnership. Mr. Thiessen leads Northern Dynasty's corporate development and financing activities and is CEO of Hunter Dickinson Inc.
http://www.greatbasingold.com/board_of_directors.cfm
Marchand Snyman, Chief Financial Officer
Marchand Snyman is a chartered accountant with more than 14 years of experience in corporate finance, 12 of which have been in the mining industry working on international projects. Mr. Snyman is responsible for financial/corporate management and financing activities at Northern Dynasty Minerals Ltd. and is Chief Operating Officer for Hunter Dickinson Inc.
Scott Cousen, Director
Scott Cousens is a Director of Northern Dynasty Minerals, as well as Director of Capital Markets for Hunter Dickinson Inc. Mr. Cousens oversees all investor relations programming within the HDI associated companies, with a focus on the development of relationships with the international investment community.
Gordon Fretwell, Director
Gordon Fretwell is a Director of Northern Dynasty Minerals and holds Bachelor of Commerce and Bachelor of Law degrees. Formerly a partner in a large Vancouver law firm, Mr. Fretwell has, since 1991, been a self-employed solicitor (Gordon J. Fretwell Law Corporation) in Vancouver practicing primarily in the areas of corporate and securities law.
http://www.northerndynastyminerals.com/ndm/Home.asp
Ronald Thiessen was appointed a Director of Great Basin Gold Limited in 1993 and Chairman in 2006. He is a Chartered Accountant with professional experience in finance, taxation, mergers, acquisitions and re-organizations. Since 1986, he has been involved in the acquisition and financing of mining and mineral exploration companies.
Mr. Thiessen is the current CEO and a board member of Hunter Dickinson Inc., a private company providing management and administrative services to several publicly-traded companies and focuses on directing corporate development and financing activities. He also holds directorships and offices at companies that include Amarc Resources, Anooraq Resources, Detour Gold and Northern Dynasty Minerals.
http://www.forbes.com/profile/ronald-thiessen/
Russell Hallbauer, Director
Russell Hallbauer is a Director of Northern Dynasty Minerals. A Registered Professional Engineer with the Association of Professional Engineers of British Columbia, he has been a member of the Canadian Institute of Mining and Metallurgy since 1975 and is a director and former chairman of the Mining Association of B.C. Mr. Hallbauer is CEO of Taseko Mines Limited and a Director of Hunter Dickinson Inc.
Peter Mitchell, Director
Peter Mitchell is a Director of Northern Dynasty Minerals. He is a Chartered Accountant and has been extensively involved in leading and managing growth in private equity portfolio companies through acquisitions, integrations and greenfield initiatives as well as all related financing activities. Mr. Mitchell is Senior VP and CFO of Coeur Mining, Inc.
Wayne Kirk, Director
Wayne Kirk is a Director of Northern Dynasty Minerals. Now retired, Mr. Kirk received a law degree from Harvard University in 1968 and is a former California State Attorney and Professional Consultant. Mr. Kirk also has over 10 years senior executive experience in the mining industry.
Stephen Scott, Director
Stephen Scott is a Director of Northern Dynasty Minerals and has over 20 years of experience in the mining industry, encompassing both international and domestic assignments. He is currently General Manager Commercial, Rio Tinto Exploration, Project Generation Group, a position that he has held since 2005. Between 2000 and 2005, Mr. Scott held other senior managerial positions within the Rio Tinto plc group.
Ken Pickering, Director
Ken Pickering is a Director of Northern Dynasty Minerals. He is a Professional Engineer and mining executive with 40 years of experience in a variety of capacities in the natural resources industry. He has led the development, construction and operation of world-class mining projects in Canada, Chile, Australia, Peru and the United States, focusing on operations, executive responsibilities and country accountabilities.
Burnstone is located in the South Rand Goldfield of the Witwatersrand Basin near the town of Balfour, approximately 75km east of Johannesburg in the Mpumalanga province of South Africa.
Sibanye acquired the Burnstone assets in April 2014, comprising two shaft complexes, namely the surface portal and mechanised vehicle access decline and the vertical shaft (shaft bottom at 495m below surface), as well as a 125,000tpm gold processing plant, the tailings storage facility and surface infrastructure to support a producing operation, albeit with areas still to be constructed.
Burnstone had previously produced approximately 38,000oz of gold before being placed on care and maintenance in mid-2012.
The Burnstone project feasibility study was approved by the Board for project execution in November 2015. The project is planned with a five-year build-up to steady-state production by 2021, then averaging 120,000oz annually for nine years till the end of 2029. Thereafter a 10-year period of decreasing but profitable production supports an initial 26-year life-of-mine plan, yielding 2.05Moz of gold production. This initial LoM plan was limited to approximately 60% of the total Burnstone resource as the mine design and schedule in the feasibility study were limited to mineable reserves within a 3km radius of the shaft infrastructure.
First gold production is planned in the second half of 2018 when there is sufficient on-reef development stockpiled (2.5 years) to start up the metallurgical plant, albeit at a reduced milling capacity. The full production run rate is planned to be achieved in 2021 and the total LoM project capital is estimated at R1,852 million (in 2015 terms).
In 2015, concurrent with completing the feasibility study, R272 million was spent on completing the mine-dewatering and permanent pumping infrastructure, re-aligning the shaft steelwork for rock-hoisting, and completing approximately 2km of development to commence accessing the orebody. The development was completed utilising the existing mechanised development machines which were first refurbished before being put back into production. Three development fleets of equipment were in production by year end.
In 2016, R531 million was spent in the first full year of the feasibility study build-up where the expenditure provided for:
·4,950m of development. In the fourth quarter, with all development fleets in production, 1,915m of the planned 2,100m was produced and the team’s performance has steadily improved
·mine infrastructure running costs
·planned project capital infrastructure
·procurement of additional mechanised mining fleets and ancillary support vehicles
The budget for 2017 has been revised to R400 million – compared to an initial budget of R672 million – to deliver 6,000m of access development (this is a reduction from the feasibility study’s 8,300m of access development) and to run the mine in support of this revised plan and defer certain project infrastructure.
Table of Contents
As a result of the recent strength in the rand and its impact on operating margins for the gold industry, organic project capital expenditure has been reviewed. This includes a review of the planned 2017 capital profile at the UG2 project at Rustenburg, the Burnstone project and the West Rand Tailings Retreatment Project (WRTRP). Certain projects may be deferred or placed on care and maintenance until commodity prices sustainably improve and/or exchange rate volatility has subsided.
Heavy volume of Kerr Mines via TSX on the closing bell... Hmmm...
Kerr Mines (KER)
0.195 _ -0.01 (-4.88%)
Volume: 221,587 @ 3:55:37 PM EDT ET
Bid Ask Day's Range
0.195 0.21 0.195 - 0.225
https://web.tmxmoney.com/pricehistory.php?qm_symbol=KER
Why are these shares selling obviously under market value...?
"...Our plans are to start with the exploration and definition phases. We are targeting to start that work in July. The objective over the next few months is to do the exploration drilling underground and at the surface targets, update the resource models, and prepare an optimized mine plan which will lead to a Pre-Feasibility Study for Q1 2018. From that basis, we look to make our production decision..." Claudio Ciavarella stated...
https://ceo.ca/@Newton/interview-with-martin-kostuik-claudio-ciavarella-kerr-mines-ker
This is simply a waiting game and it will be a zero or hero stock...
If this stock plummets; they are just trying to shake off those investors that lack the intestinal fortitude of a financial roller coaster ride; we will not really know until 2018 ...
I hope we all become Hero$$$$ with this stock...
How much longer will we wait for the annual, 2nd and eventually the 3rd quarter results of Kerr Mines... where are the updated FInancial Results
Cheers,
GoldenPolarBear
PS
MK: What we are looking for in our 2017 program is to define and expand the current resources across the entire property, as well as strengthen the economics leading to a production decision. We see a lot of value for shareholders here. We are going to implement that through two options. We have an underground existing resource and surface exploration targets. With regards to the underground, the whole ore body is open on strike and down dip. It is also open through undefined gap zones.
MK: The ore body is located beneath the open-pit and it is identified as four zones, A, B, C, and D. In between each of the zones, there are areas that have never been drilled. Those were never drilled primarily because of their location with regards to the high pit wall. Previous management decided not to drill from surface because that would mean drilling through 700 feet to get to the deposit. Instead, they deferred the drilling until such time underground access was established. All the other drilling was done from inside the pit. They started at the pit and drilled it down into the ore body. They weren't able to access the areas that we are looking at now and that gives us a good opportunity to explore the upside of the resources in the gaps and the down-dip extension.
PB: When American Bonanza was drilling from the base of the pit, they stayed away from the steep side of the pit to avoid disturbing things. What is it that's going to allow you to drill in the gaps?
CC: It is the ability to come off the underground workings that are already in-place and create an exploration drift. With that drift, we will be able to drill into the A, B, and C zones from underground. It will allow us to do definition-drilling as well as exploration drilling for these areas.
PB: With the continuity of the ore body that was mined, the potential for filling-in those gaps makes a lot of sense to me.
CC: Absolutely. There is no reason to believe that these areas won't have ore. Just because an area wasn't drilled doesn't mean it doesn't have ore. It is reasonable to expect that the mineralization will carry on.
Maybe Detour will be interested in the McGarry Mine in Ontario?
Quote:
"...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).
A third property, the Dufay property located just across the border from McGarry Township in Quebec covers an area of 2, 137.55 hectares.
https://www.timminstoday.com/local-news/northeastern-ontario-mining-company-looks-to-arizona-for-future-gold-4-photos-687039
Agreed...! $$$ BTW this was just posted ....
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).
A third property, the Dufay property located just across the border from McGarry Township in Quebec covers an area of 2, 137.55 hectares.
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).
A third property, the Dufay property located just across the border from McGarry Township in Quebec covers an area of 2, 137.55 hectares.
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).
A third property, the Dufay property located just across the border from McGarry Township in Quebec covers an area of 2, 137.55 hectares.