Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
“... SALT conference: SkyBridge Capital's global investment conferencekicks off Wednesday in Las Vegas.
Thousands of top investors, corporate executives, politicians, economists, policymakers and journalists attend the event each year.
Speakers on Wednesday include economist Nouriel Roubini and entrepreneurs Mark Cuban and Steve Case. Chris Christie, Susan Rice and John Kelly will represent the political set.
CNN Business will have live coverage from the event.
https://www.nbc-2.com/story/40435743/us-china-trade-lyft-earnings-salt-conference
I would love to hear Mark Cuban speak ....
https://www.foxbusiness.com/business-leaders/billionaire-mark-cuban-side-job-paid-25-an-hour
https://www.kitco.com/news/2019-05-07/Gold-Prices-Slightly-Up-As-U-S-Stock-Market-Slumps.html
Eric Sprott
https://www.streetwisereports.com/article/2019/02/13/a-promising-and-inexpensive-gold-stock-in-homely-arizona.html
https://www.theguardian.com/business/live/2019/may/08/trade-war-fears-markets-china-exports-fall-business-live
https://kerrmines.com/
“... SALT conference: SkyBridge Capital's global investment conferencekicks off Wednesday in Las Vegas.
Thousands of top investors, corporate executives, politicians, economists, policymakers and journalists attend the event each year.
Speakers on Wednesday include economist Nouriel Roubini and entrepreneurs Mark Cuban and Steve Case. Chris Christie, Susan Rice and John Kelly will represent the political set.
CNN Business will have live coverage from the event.
https://www.nbc-2.com/story/40435743/us-china-trade-lyft-earnings-salt-conference
I would love to hear Mark Cuban speak ....
https://www.foxbusiness.com/business-leaders/billionaire-mark-cuban-side-job-paid-25-an-hour
https://www.kitco.com/news/2019-05-07/Gold-Prices-Slightly-Up-As-U-S-Stock-Market-Slumps.html
Eric Sprott
https://www.streetwisereports.com/article/2019/02/13/a-promising-and-inexpensive-gold-stock-in-homely-arizona.html
https://kerrmines.com/
« ...Trump administration accuses China of "reneging" on trade deal commitments
U.S. trade representative Robert Lighthizer said in a briefing with reporters Monday he will put out a Federal Register notice tomorrow saying that the Trump administration will raise tariffs on $200 billion of Chinese goods from 10% to 25%, and that importers will begin paying the new tariffs "the first minute of Friday."
Why it matters: The business community and markets had been cautiously hopeful that Trump's Sunday tweets were an empty threat to create leverage over China and that he'd ultimately back down. That's still possible, of course, but Lighthizer made clear he didn't think that was going to happen.
Driving the news: Lighthizer said he still expects the top Chinese negotiator, Liu He, to come to Washington on Thursday, though he said he hadn't spoken to the vice premier since he and Treasury Secretary Steven Mnuchin left Beijing last week. Mnuchin, who was also in the briefing, said he hadn't spoken to Liu He either since he left China.
https://www.axios.com/trump-china-trade-war-tariffs-lighthizer-694a452b-7290-43bc-805f-25b88134ee36.html
https://www.cnn.com/videos/business/2019/05/06/romans-trump-trade-war-tweet-orig.cnn-business
https://kerrmines.com/
“... Kerr Mines Inc announced further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available. Mr Giulio T Bonifacio, Chief Executive Officer, said “We continue to be extremely pleased with the drilling results to date which further expand our current resource while extending mine life at the Copperstone mine. Our exploration step out holes returned significant values and are indicating higher grade and thickness than initially anticipated. We are looking forward to receiving further drill results and currently planning for follow up drilling for step-out holes 18-21-06 and 18-21-04." https://kerrmines.com/
https://steelguru.com/mining/kerr-mines-announces-drill-results-at-copperstone-mine-in-arizona-us-/539768#tag
When it comes to trade with China, it often seems that President Donald Trump is his own worst enemy. Unilaterally raising tariffs, as Trump is threatening, is akin to punishing U.S. consumers for China’s misbehavior.
Most economists view lower tariffs as a win for the U.S. economy, even if China doesn’t reciprocate. Of course, they say, the world economy would be even stronger if tariffs were lowered across the board. There are a handful of economists, however, who disagree — and they can be split into two basic schools of thought, one of which might provide some hint of a method to Trump’s madness.
https://www.bloomberg.com/opinion/articles/2019-05-06/trump-s-trade-war-with-china-does-this-theory-explain-it
“... Kerr Mines Inc. ist ein in Kanada ansässiges Golderschließungs- und Explorationsunternehmen. Das Unternehmen beschäftigt sich mit der Exploration, Bewertung und Erschließung von Gold- und Mineralressourcengrundstücken in Nordamerika. Zu den Segmenten gehören Kanada und die Vereinigten Staaten. Das Unternehmen konzentriert sich auf die Goldproduktion auf seinem Grundstück Copperstone in den Vereinigten Staaten. Die Copperstone Gold Mine befindet sich im Westen Arizonas, in den Vereinigten Staaten, innerhalb des Walker Lane Mineralgürtels, wo sie die Goldprovinzen in Südkalifornien und Westarizona schneidet. Diese Provinzen beherbergen eine insgesamt bekannte Goldstiftung von über 40 Millionen Unzen Gold.
https://de.marketscreener.com/KERR-MINES-INC-1409130/
“... Kerr Mines Inc announced further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.
Mr Giulio T Bonifacio, Chief Executive Officer, said “We continue to be extremely pleased with the drilling results to date which further expand our current resource while extending mine life at the Copperstone mine. Our exploration step out holes returned significant values and are indicating higher grade and thickness than initially anticipated. We are looking forward to receiving further drill results and currently planning for follow up drilling for step-out holes 18-21-06 and 18-21-04."
2019 Resource Expansion Highlights:
Drill hole 18-21-06, an exploration step-out hole returned an interval of 16.8 meters at 40.0 g/t gold, including 3 meters of 98.3 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 17.9 meters
Drill hole 18-21 -04, an exploration step-out hole returned an interval of 10.7 meters at 17.5 g/t gold, including 6.1 meters of 29.5 g/t gold with a total effective mining width of 12 meters
Continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip
Drilling is being accomplished entirely from existing underground access and will affect an area of 500 meters of strike length and 200 meters of elevation, representing approximately 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study
The objective of the underground resource expansion program is to increase mine life by adding new Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources. Updating the mine plan with the new resources will be the final step towards extending mine life once all drilling results have been received
Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C zones of the Copperstone mine.
https://steelguru.com/mining/kerr-mines-announces-drill-results-at-copperstone-mine-in-arizona-us/539768
https://www.streetwisereports.com/article/2019/05/02/new-drill-results-expand-gold-resource-extend-life-of-arizona-mine.html
https://www.sprottmoney.com/
« ... Gold Prices Are Not Yet Reflecting Reality- Fund Manager
»... (Kitco News) Gold has already peaked in terms of production, but it may be years before prices reflect this reality, this according to Jorge Ramiro Monroy, managing director of Emerging Markets Capital.
“We’re all waiting for that scenario to really unfold,” Monroy told Kitco News on the sidelines of the Mines and Money New York conference. “We’re in it already. The trick is that it could still be years before there is a break in the system. You already saw it with palladium this year where actual physical constraints made prices shoot up. Silver is looking like it could have something similar.” ... »
https://www.kitco.com/news/2019-05-03/Gold-Prices-Are-Not-Yet-Reflecting-Reality-Fund-Manager.html
https://newyork.minesandmoney.com/
https://www.kitco.com/news/video/show/Mines--Money-New-York/2389/2019-05-03/Peak-Gold-Were-In-It-Already-Says-Expert#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMines--Money-New-York
https://www.kitco.com/news/2019-05-03/Gold-Prices-Up-A-Bit-Despite-Strong-U-S-Jobs-Data.html
https://kerrmines.com/
« ...
Gold Prices Are Not Yet Reflecting Reality- Fund Manager
»... (Kitco News) Gold has already peaked in terms of production, but it may be years before prices reflect this reality, this according to Jorge Ramiro Monroy, managing director of Emerging Markets Capital.
“We’re all waiting for that scenario to really unfold,” Monroy told Kitco News on the sidelines of the Mines and Money New York conference. “We’re in it already. The trick is that it could still be years before there is a break in the system. You already saw it with palladium this year where actual physical constraints made prices shoot up. Silver is looking like it could have something similar.” ... »
https://www.kitco.com/news/2019-05-03/Gold-Prices-Are-Not-Yet-Reflecting-Reality-Fund-Manager.html
https://newyork.minesandmoney.com/
https://www.kitco.com/news/video/show/Mines--Money-New-York/2389/2019-05-03/Peak-Gold-Were-In-It-Already-Says-Expert#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMines--Money-New-York
https://www.kitco.com/news/2019-05-03/Gold-Prices-Up-A-Bit-Despite-Strong-U-S-Jobs-Data.html
https://kerrmines.com/
“... A Canadian company reported the latest from its expansion underground program at its flagship Arizona project.
”...Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA)announced in a news releasethat additional drill results from its resource expansion program at its Copperstone gold mine "continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip."
Stepout holes showed higher grades and greater thickness than were expected. Highlight assays came from holes 18-21-06 and 18-21-04:
Hole 18-21-06 intersected 16.8 meters (16.8m) at 40 grams per ton (40 g/t) gold, including 3m of 98.3 g/t gold, with a total mining width of 17.9m.
Hole 18-21-04 demonstrated 10.7m at 17.5 g/t gold, including 6.1m of 29.5 g/t gold, with a 12m total mining width.
"We continue to be extremely pleased with the drilling results to date, which further expand our current resource while extending mine life at the Copperstone mine," CEO Giulio Bonifacio said in the release. ...”
https://www.streetwisereports.com/article/2019/05/02/new-drill-results-expand-gold-resource-extend-life-of-arizona-mine.html
https://www.kitco.com/news/2019-05-03/Gold-Prices-Up-A-Bit-Despite-Strong-U-S-Jobs-Data.html
https://www.kitco.com/news/2019-05-03/Gold-Prices-Down-Following-Another-Surge-In-U-S-Employment-Unemployment-At-50-Year-Low.html
“...Finally we will take a quick look at the long-term 12-year chart, which, although technically almost useless, reveals that Kerr Mines is selling for peanuts now compared to the sort of prices it commanded as recently as 2011, which is a good point to make clear that this is not some “moose pasture” stock, but the stock of a company which has an established ready to work high grade gold mine in Arizona, which is known to have better infrastructure than the Yukon, and furthermore it has the backing of Eric Sprott. Let’s now take a tour of the company’s Copperstone Gold Mine so you can see for yourself that this is for real....”
https://www.clivemaund.com/article.php?id=5034
http://www.sprott.com/our-firm/
https://kerrmines.com/
“...Finally we will take a quick look at the long-term 12-year chart, which, although technically almost useless, reveals that Kerr Mines is selling for peanuts now compared to the sort of prices it commanded as recently as 2011, which is a good point to make clear that this is not some “moose pasture” stock, but the stock of a company which has an established ready to work high grade gold mine in Arizona, which is known to have better infrastructure than the Yukon, and furthermore it has the backing of Eric Sprott. Let’s now take a tour of the company’s Copperstone Gold Mine so you can see for yourself that this is for real....”
https://www.clivemaund.com/article.php?id=5034
http://www.sprott.com/our-firm/
https://kerrmines.com/
New Drill Results Expand Gold Resource, Extend Life of Arizona Mine
Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release that additional drill results from its resource expansion program at its Copperstone gold mine "continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip."
Stepout holes showed higher grades and greater thickness than were expected. Highlight assays came from holes 18-21-06 and 18-21-04:
Hole 18-21-06 intersected 16.8 meters (16.8m) at 40 grams per ton (40 g/t) gold, including 3m of 98.3 g/t gold, with a total mining width of 17.9m.
Hole 18-21-04 demonstrated 10.7m at 17.5 g/t gold, including 6.1m of 29.5 g/t gold, with a 12m total mining width.
"We continue to be extremely pleased with the drilling results to date, which further expand our current resource while extending mine life at the Copperstone mine," CEO Giulio Bonifacio said in the release.
https://www.streetwisereports.com/article/2019/05/02/new-drill-results-expand-gold-resource-extend-life-of-arizona-mine.html
https://www.bbc.co.uk/news/world-asia-india-48121606
https://thehill.com/homenews/media/441869-moore-will-not-return-to-cnn-after-withdrawing-from-fed-consideration
https://www.bbc.com/news/world-us-canada-48138433
https://www.cnn.com/politics/live-news/barr-skips-house-hearing-mueller-report/index.html
New Drill Results Expand Gold Resource, Extend Life of Arizona Mine
Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release that additional drill results from its resource expansion program at its Copperstone gold mine "continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip."
Stepout holes showed higher grades and greater thickness than were expected. Highlight assays came from holes 18-21-06 and 18-21-04:
Hole 18-21-06 intersected 16.8 meters (16.8m) at 40 grams per ton (40 g/t) gold, including 3m of 98.3 g/t gold, with a total mining width of 17.9m.
Hole 18-21-04 demonstrated 10.7m at 17.5 g/t gold, including 6.1m of 29.5 g/t gold, with a 12m total mining width.
"We continue to be extremely pleased with the drilling results to date, which further expand our current resource while extending mine life at the Copperstone mine," CEO Giulio Bonifacio said in the release.
https://www.streetwisereports.com/article/2019/05/02/new-drill-results-expand-gold-resource-extend-life-of-arizona-mine.html
https://www.bbc.co.uk/news/world-asia-india-48121606
https://www.bbc.com/news/world-us-canada-48138433
https://www.cnn.com/politics/live-news/barr-skips-house-hearing-mueller-report/index.html
KERR MINES DRILLS 16.8 METERS OF 40 g/t GOLD
TORONTO, May 01, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.
2019 Resource Expansion Highlights:
Drill hole 18-21-06, an exploration step-out hole returned an interval of 16.8 meters at 40.0 g/t gold, including 3 meters of 98.3 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 17.9 meters;
Drill hole 18-21-04, an exploration step-out hole returned an interval of 10.7 meters at 17.5 g/t gold, including 6.1 meters of 29.5 g/t gold with a total effective mining width of 12 meters;
Continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip;
Drilling is being accomplished entirely from existing underground access and will affect an area of 500 meters of strike length and 200 meters of elevation, representing approximately 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study;
The objective of the underground resource expansion program is to increase mine life by adding new Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources. Updating the mine plan with the new resources will be the final step towards extending mine life once all drilling results have been received; and,
Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C zones of the Copperstone mine.
Giulio T. Bonifacio, Chief Executive Officer stated: “We continue to be extremely pleased with the drilling results to date which further expand our current resource while extending mine life at the Copperstone mine. Our exploration step out holes returned significant values and are indicating higher grade and thickness than initially anticipated. We are looking forward to receiving further drill results and currently planning for follow up drilling for step-out holes 18-21-06 and 18-21-04.”
Hole ID From To Interval Length Gold* True Thickness** Effective Mining Width***
meter meter meter gram/tonne meter meter
18-05E-01 12.2 19.8 7.6 3.27 7.4 13.0
includes 15.2 19.8 4.6 4.15 4.5 7.8
18-05-06 38.1 41.1 3.0 7.20 2.2 3.8
18-05E-07 19.8 24.4 4.6 9.48 4.5 7.9
includes 19.8 22.9 3.0 14.03 3.0 5.3
18-08-01 12.2 15.2 3.0 4.27 2.4 4.2
18-01A-04 38.1 41.1 3.0 8.04 1.9 3.4
includes 39.6 41.1 1.5 15.20 1.0 1.7
18-21-04 64.0 74.7 10.7 17.49 5.1 12.0
includes 67.1 73.2 6.1 29.45 2.9 6.9
18-21-06 57.9 74.7 16.8 40.00 7.6 17.9
includes 64.0 67.1 3.0 98.26 1.4 3.2
and 70.1 73.2 3.0 33.19 1.4 3.3
* Grades herein are reported as uncapped values.
** Estimated distance between the foot wall and hanging wall of the mineralized zone measured perpendicularly to the edges.
*** Effective Mining Width is defined as the distance between the foot wall and hanging wall of the mineralized zone measured horizontally and matches the planned mining method. The mining method used to calculate reserves will extract ore by drift mining along strike in a defined ore stope. The Effective Mining Width is the width that miners will be working within.
18-05E-01: Azimuth 244, inclination -65, total length 39.6 meters. This intercept is in an existing Measured and Indicated resource zone and intercepted thicker-than-expected mineralization on the edge of an existing designed mining stope. It is expected to lead to an expansion of reserves in the immediate area.
18-05-06: Azimuth 215, inclination -15, total length 65.5 meters. This intercept is in an existing Indicated resource zone and confirmed the expected grade but at greater thickness than is currently-modeled. The intercept is approximately 15.2 meters up-dip of designed stopes in the same resource zone and is expected to lead to an expansion of resources in the immediate area.
18-05E-07: Azimuth 244, inclination -45, total length 30.6 meters. This drill hole intercepted mineralization outside of an existing Inferred zone and has the potential to support a new modeled domain. This is supported by a nearby, historic drill hole. Historic hole CS-373 returned 3.0 meters @ 4.21 g/t , 8.0 meters away in the up-dip direction. This potential new domain outlined by these intercepts appears to be open along strike for 30 meters or more and warrants further step-out and definition drilling.
18-08-01: Azimuth 360, inclination -90, total length 30.5 meters. This hole intercepted existing Indicated resource in a currently defined resource zone and in a gap between designed mining stope panels. It is anticipated that this intercept will allow for continuity between the panels.
18-01A-04: Azimuth 247, inclination +72, total length 97.5 meters. This intercept is 30 meters beyond the edge of the existing Inferred resources and is expected to extend the existing resource domain up-dip. This intercept demonstrates the potential to further extend this domain to the west of existing modeled resources.
18-21-04: Azimuth 006, inclination -32, total length 94.5 meters. This hole returned a robust exploration step-out of an Inferred resource zone. Together with drill hole 18-21-06, this potentially extends Inferred mineralization down-dip approximately 76 meters from the edge of the previously-modeled resource zone. This resource zone is potentially open for expansion another 61 meters down-dip. Additional follow-up drilling is currently planned.
18-21-06: Azimuth 350, inclination -27, total length 82.3 meters. Similar to adjacent drill hole 18-21-04 described above (15 meters away) , this hole returned a robust exploration step-out of an Inferred resource zone and may serve to the extend the Inferred mineralized zone 76 meters down-dip from the previously-modeled edge of Inferred resource. This hole intercepted an area of high-grade replacement mineralization in metasedimentary rocks which is thicker and higher in grade than in adjacent holes, showing potential for the discovery of additional high-grade replacement bodies in this area. Additional follow-up drilling is currently planned.
The Copperstone zone is the underground extension of the same orebody that was historically mined as an open pit. The pit mined nearly 150 vertical meters of the Copperstone zone and produced in excess of 500,000 gold ounces historically. The Copperstone orebody currently has a horizontal strike length of over 1,500 meters and extends 110 meters beneath the historical open pit. Within this area there are Measured and Indicated resources of 276,100 gold ounces and Inferred resources of 145,700 gold ounces.
Future drilling programs, with the objective of further mine life extension, will target areas beyond the current 2019 Phase II affected area of 500 meters of strike length. The ultimate goal would be the addition of resources along all sections encompassing the entire current resource strike length of over 1,500 meters.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, SME Registered Member (Geology), who is a “Qualified Person” as defined by NI 43-101 for this project.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce prospects within a 50 Square kilometers (12,259 acre) land package.
For further information please visit the Kerr Mines website (www.kerrmines.com)
KERR MINES INC.
Giulio T. Bonifacio, Chief Executive Officer & Director
Quality Assurance and Quality Control Statement
Procedures have been implemented to assure Quality Assurance Quality Control (QAQC) of drill hole assaying being done at ALS Global, which is ISO Accredited. All intervals of drill holes are being assayed and samples are securely stored for shipment to ALS, with chain of custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 30th sample in sequence and results are graphed to assure acceptable results, resulting in high confidence of the drill hole assay results. When laboratory assays are received, the QAQC results are immediately evaluated and graphed to analyze dependability of the drill hole assays. As the Copperstone Project advances, additional QAQC measures will be implemented including selected duplicate check assaying on pulps and coarse rejects at a second accredited assay laboratory. All results will be analyzed for consistency.
For further information contact:
Giulio Bonifacio
Chief Executive Officer & Director
gtbonifacio@kerrmines.com
604-318-6760
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.
KERR MINES DRILLS 16.8 METERS OF 40 g/t GOLD
TORONTO, May 01, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.
2019 Resource Expansion Highlights:
Drill hole 18-21-06, an exploration step-out hole returned an interval of 16.8 meters at 40.0 g/t gold, including 3 meters of 98.3 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 17.9 meters;
Drill hole 18-21-04, an exploration step-out hole returned an interval of 10.7 meters at 17.5 g/t gold, including 6.1 meters of 29.5 g/t gold with a total effective mining width of 12 meters;
Continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip;
Drilling is being accomplished entirely from existing underground access and will affect an area of 500 meters of strike length and 200 meters of elevation, representing approximately 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study;
The objective of the underground resource expansion program is to increase mine life by adding new Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources. Updating the mine plan with the new resources will be the final step towards extending mine life once all drilling results have been received; and,
Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C zones of the Copperstone mine.
Giulio T. Bonifacio, Chief Executive Officer stated: “We continue to be extremely pleased with the drilling results to date which further expand our current resource while extending mine life at the Copperstone mine. Our exploration step out holes returned significant values and are indicating higher grade and thickness than initially anticipated. We are looking forward to receiving further drill results and currently planning for follow up drilling for step-out holes 18-21-06 and 18-21-04.”
Hole ID From To Interval Length Gold* True Thickness** Effective Mining Width***
meter meter meter gram/tonne meter meter
18-05E-01 12.2 19.8 7.6 3.27 7.4 13.0
includes 15.2 19.8 4.6 4.15 4.5 7.8
18-05-06 38.1 41.1 3.0 7.20 2.2 3.8
18-05E-07 19.8 24.4 4.6 9.48 4.5 7.9
includes 19.8 22.9 3.0 14.03 3.0 5.3
18-08-01 12.2 15.2 3.0 4.27 2.4 4.2
18-01A-04 38.1 41.1 3.0 8.04 1.9 3.4
includes 39.6 41.1 1.5 15.20 1.0 1.7
18-21-04 64.0 74.7 10.7 17.49 5.1 12.0
includes 67.1 73.2 6.1 29.45 2.9 6.9
18-21-06 57.9 74.7 16.8 40.00 7.6 17.9
includes 64.0 67.1 3.0 98.26 1.4 3.2
and 70.1 73.2 3.0 33.19 1.4 3.3
* Grades herein are reported as uncapped values.
** Estimated distance between the foot wall and hanging wall of the mineralized zone measured perpendicularly to the edges.
*** Effective Mining Width is defined as the distance between the foot wall and hanging wall of the mineralized zone measured horizontally and matches the planned mining method. The mining method used to calculate reserves will extract ore by drift mining along strike in a defined ore stope. The Effective Mining Width is the width that miners will be working within.
18-05E-01: Azimuth 244, inclination -65, total length 39.6 meters. This intercept is in an existing Measured and Indicated resource zone and intercepted thicker-than-expected mineralization on the edge of an existing designed mining stope. It is expected to lead to an expansion of reserves in the immediate area.
18-05-06: Azimuth 215, inclination -15, total length 65.5 meters. This intercept is in an existing Indicated resource zone and confirmed the expected grade but at greater thickness than is currently-modeled. The intercept is approximately 15.2 meters up-dip of designed stopes in the same resource zone and is expected to lead to an expansion of resources in the immediate area.
18-05E-07: Azimuth 244, inclination -45, total length 30.6 meters. This drill hole intercepted mineralization outside of an existing Inferred zone and has the potential to support a new modeled domain. This is supported by a nearby, historic drill hole. Historic hole CS-373 returned 3.0 meters @ 4.21 g/t , 8.0 meters away in the up-dip direction. This potential new domain outlined by these intercepts appears to be open along strike for 30 meters or more and warrants further step-out and definition drilling.
18-08-01: Azimuth 360, inclination -90, total length 30.5 meters. This hole intercepted existing Indicated resource in a currently defined resource zone and in a gap between designed mining stope panels. It is anticipated that this intercept will allow for continuity between the panels.
18-01A-04: Azimuth 247, inclination +72, total length 97.5 meters. This intercept is 30 meters beyond the edge of the existing Inferred resources and is expected to extend the existing resource domain up-dip. This intercept demonstrates the potential to further extend this domain to the west of existing modeled resources.
18-21-04: Azimuth 006, inclination -32, total length 94.5 meters. This hole returned a robust exploration step-out of an Inferred resource zone. Together with drill hole 18-21-06, this potentially extends Inferred mineralization down-dip approximately 76 meters from the edge of the previously-modeled resource zone. This resource zone is potentially open for expansion another 61 meters down-dip. Additional follow-up drilling is currently planned.
18-21-06: Azimuth 350, inclination -27, total length 82.3 meters. Similar to adjacent drill hole 18-21-04 described above (15 meters away) , this hole returned a robust exploration step-out of an Inferred resource zone and may serve to the extend the Inferred mineralized zone 76 meters down-dip from the previously-modeled edge of Inferred resource. This hole intercepted an area of high-grade replacement mineralization in metasedimentary rocks which is thicker and higher in grade than in adjacent holes, showing potential for the discovery of additional high-grade replacement bodies in this area. Additional follow-up drilling is currently planned.
The Copperstone zone is the underground extension of the same orebody that was historically mined as an open pit. The pit mined nearly 150 vertical meters of the Copperstone zone and produced in excess of 500,000 gold ounces historically. The Copperstone orebody currently has a horizontal strike length of over 1,500 meters and extends 110 meters beneath the historical open pit. Within this area there are Measured and Indicated resources of 276,100 gold ounces and Inferred resources of 145,700 gold ounces.
Future drilling programs, with the objective of further mine life extension, will target areas beyond the current 2019 Phase II affected area of 500 meters of strike length. The ultimate goal would be the addition of resources along all sections encompassing the entire current resource strike length of over 1,500 meters.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, SME Registered Member (Geology), who is a “Qualified Person” as defined by NI 43-101 for this project.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce prospects within a 50 Square kilometers (12,259 acre) land package.
For further information please visit the Kerr Mines website (www.kerrmines.com)
KERR MINES INC.
Giulio T. Bonifacio, Chief Executive Officer & Director
Quality Assurance and Quality Control Statement
Procedures have been implemented to assure Quality Assurance Quality Control (QAQC) of drill hole assaying being done at ALS Global, which is ISO Accredited. All intervals of drill holes are being assayed and samples are securely stored for shipment to ALS, with chain of custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 30th sample in sequence and results are graphed to assure acceptable results, resulting in high confidence of the drill hole assay results. When laboratory assays are received, the QAQC results are immediately evaluated and graphed to analyze dependability of the drill hole assays. As the Copperstone Project advances, additional QAQC measures will be implemented including selected duplicate check assaying on pulps and coarse rejects at a second accredited assay laboratory. All results will be analyzed for consistency.
For further information contact:
Giulio Bonifacio
Chief Executive Officer & Director
gtbonifacio@kerrmines.com
604-318-6760
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.
KERR MINES DRILLS 16.8 METERS OF 40 g/t GOLD
TORONTO, May 01, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.
2019 Resource Expansion Highlights:
Drill hole 18-21-06, an exploration step-out hole returned an interval of 16.8 meters at 40.0 g/t gold, including 3 meters of 98.3 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 17.9 meters;
Drill hole 18-21-04, an exploration step-out hole returned an interval of 10.7 meters at 17.5 g/t gold, including 6.1 meters of 29.5 g/t gold with a total effective mining width of 12 meters;
Continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip;
Drilling is being accomplished entirely from existing underground access and will affect an area of 500 meters of strike length and 200 meters of elevation, representing approximately 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study;
The objective of the underground resource expansion program is to increase mine life by adding new Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources. Updating the mine plan with the new resources will be the final step towards extending mine life once all drilling results have been received; and,
Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C zones of the Copperstone mine.
Giulio T. Bonifacio, Chief Executive Officer stated: “We continue to be extremely pleased with the drilling results to date which further expand our current resource while extending mine life at the Copperstone mine. Our exploration step out holes returned significant values and are indicating higher grade and thickness than initially anticipated. We are looking forward to receiving further drill results and currently planning for follow up drilling for step-out holes 18-21-06 and 18-21-04.”
Hole ID From To Interval Length Gold* True Thickness** Effective Mining Width***
meter meter meter gram/tonne meter meter
18-05E-01 12.2 19.8 7.6 3.27 7.4 13.0
includes 15.2 19.8 4.6 4.15 4.5 7.8
18-05-06 38.1 41.1 3.0 7.20 2.2 3.8
18-05E-07 19.8 24.4 4.6 9.48 4.5 7.9
includes 19.8 22.9 3.0 14.03 3.0 5.3
18-08-01 12.2 15.2 3.0 4.27 2.4 4.2
18-01A-04 38.1 41.1 3.0 8.04 1.9 3.4
includes 39.6 41.1 1.5 15.20 1.0 1.7
18-21-04 64.0 74.7 10.7 17.49 5.1 12.0
includes 67.1 73.2 6.1 29.45 2.9 6.9
18-21-06 57.9 74.7 16.8 40.00 7.6 17.9
includes 64.0 67.1 3.0 98.26 1.4 3.2
and 70.1 73.2 3.0 33.19 1.4 3.3
* Grades herein are reported as uncapped values.
** Estimated distance between the foot wall and hanging wall of the mineralized zone measured perpendicularly to the edges.
*** Effective Mining Width is defined as the distance between the foot wall and hanging wall of the mineralized zone measured horizontally and matches the planned mining method. The mining method used to calculate reserves will extract ore by drift mining along strike in a defined ore stope. The Effective Mining Width is the width that miners will be working within.
18-05E-01: Azimuth 244, inclination -65, total length 39.6 meters. This intercept is in an existing Measured and Indicated resource zone and intercepted thicker-than-expected mineralization on the edge of an existing designed mining stope. It is expected to lead to an expansion of reserves in the immediate area.
18-05-06: Azimuth 215, inclination -15, total length 65.5 meters. This intercept is in an existing Indicated resource zone and confirmed the expected grade but at greater thickness than is currently-modeled. The intercept is approximately 15.2 meters up-dip of designed stopes in the same resource zone and is expected to lead to an expansion of resources in the immediate area.
18-05E-07: Azimuth 244, inclination -45, total length 30.6 meters. This drill hole intercepted mineralization outside of an existing Inferred zone and has the potential to support a new modeled domain. This is supported by a nearby, historic drill hole. Historic hole CS-373 returned 3.0 meters @ 4.21 g/t , 8.0 meters away in the up-dip direction. This potential new domain outlined by these intercepts appears to be open along strike for 30 meters or more and warrants further step-out and definition drilling.
18-08-01: Azimuth 360, inclination -90, total length 30.5 meters. This hole intercepted existing Indicated resource in a currently defined resource zone and in a gap between designed mining stope panels. It is anticipated that this intercept will allow for continuity between the panels.
18-01A-04: Azimuth 247, inclination +72, total length 97.5 meters. This intercept is 30 meters beyond the edge of the existing Inferred resources and is expected to extend the existing resource domain up-dip. This intercept demonstrates the potential to further extend this domain to the west of existing modeled resources.
18-21-04: Azimuth 006, inclination -32, total length 94.5 meters. This hole returned a robust exploration step-out of an Inferred resource zone. Together with drill hole 18-21-06, this potentially extends Inferred mineralization down-dip approximately 76 meters from the edge of the previously-modeled resource zone. This resource zone is potentially open for expansion another 61 meters down-dip. Additional follow-up drilling is currently planned.
18-21-06: Azimuth 350, inclination -27, total length 82.3 meters. Similar to adjacent drill hole 18-21-04 described above (15 meters away) , this hole returned a robust exploration step-out of an Inferred resource zone and may serve to the extend the Inferred mineralized zone 76 meters down-dip from the previously-modeled edge of Inferred resource. This hole intercepted an area of high-grade replacement mineralization in metasedimentary rocks which is thicker and higher in grade than in adjacent holes, showing potential for the discovery of additional high-grade replacement bodies in this area. Additional follow-up drilling is currently planned.
The Copperstone zone is the underground extension of the same orebody that was historically mined as an open pit. The pit mined nearly 150 vertical meters of the Copperstone zone and produced in excess of 500,000 gold ounces historically. The Copperstone orebody currently has a horizontal strike length of over 1,500 meters and extends 110 meters beneath the historical open pit. Within this area there are Measured and Indicated resources of 276,100 gold ounces and Inferred resources of 145,700 gold ounces.
Future drilling programs, with the objective of further mine life extension, will target areas beyond the current 2019 Phase II affected area of 500 meters of strike length. The ultimate goal would be the addition of resources along all sections encompassing the entire current resource strike length of over 1,500 meters.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, SME Registered Member (Geology), who is a “Qualified Person” as defined by NI 43-101 for this project.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce prospects within a 50 Square kilometers (12,259 acre) land package.
For further information please visit the Kerr Mines website (www.kerrmines.com)
KERR MINES INC.
Giulio T. Bonifacio, Chief Executive Officer & Director
Quality Assurance and Quality Control Statement
Procedures have been implemented to assure Quality Assurance Quality Control (QAQC) of drill hole assaying being done at ALS Global, which is ISO Accredited. All intervals of drill holes are being assayed and samples are securely stored for shipment to ALS, with chain of custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 30th sample in sequence and results are graphed to assure acceptable results, resulting in high confidence of the drill hole assay results. When laboratory assays are received, the QAQC results are immediately evaluated and graphed to analyze dependability of the drill hole assays. As the Copperstone Project advances, additional QAQC measures will be implemented including selected duplicate check assaying on pulps and coarse rejects at a second accredited assay laboratory. All results will be analyzed for consistency.
For further information contact:
Giulio Bonifacio
Chief Executive Officer & Director
gtbonifacio@kerrmines.com
604-318-6760
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.
Concerning that the updated Copperstone RESOURCES will not be released until Q4 or as late as October or November 2019
Several months late...!
“... 2019 RESOURCE EXPANSION PROGRAM
Conversion, Accretion, In-Fill drilling
”...
• A more effective and targeted underground drilling program of up to 15,000 meters
• Conversion to Measured and Indicated resources
• Accretion to grow resource pipeline to add Inferred resources for later conversion with additional underground access
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-May-2019.pdf
https://kerrmines.com/corporate/
https://goldprice.org/news/growth-in-home-prices-remains-slow-in-february-gold-price-rises
https://www.pbs.org/wgbh/frontline/film/trumps-trade-war/
https://www.kitco.com/news/2019-04-30/Gold-To-Surge-To-6-Year-Highs-As-S-P-500-Plummets-By-Year-End-Capital-Economics.html
Concerning that the updated Copperstone RESOURCES will not be released until Q4 or as late as October or November 2019
Several months late...!
“... 2019 RESOURCE EXPANSION PROGRAM
Conversion, Accretion, In-Fill drilling
”...
• A more effective and targeted underground drilling program of up to 15,000 meters
• Conversion to Measured and Indicated resources
• Accretion to grow resource pipeline to add Inferred resources for later conversion with additional underground access
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-May-2019.pdf
https://kerrmines.com/corporate/
https://goldprice.org/news/growth-in-home-prices-remains-slow-in-february-gold-price-rises
https://www.pbs.org/wgbh/frontline/film/trumps-trade-war/
Concerning that the updated Copperstone RESOURCES will not be released until Q4 or as late as October or November 2019
Several months late...!
“... 2019 RESOURCE EXPANSION PROGRAM
Conversion, Accretion, In-Fill drilling
”...
• A more effective and targeted underground drilling program of up to 15,000 meters
• Conversion to Measured and Indicated resources
• Accretion to grow resource pipeline to add Inferred resources for later conversion with additional underground access
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-May-2019.pdf
https://kerrmines.com/corporate/
https://goldprice.org/news/growth-in-home-prices-remains-slow-in-february-gold-price-rises
https://www.pbs.org/wgbh/frontline/film/trumps-trade-war/
Once we are provided with the “Updated Resource / Reserve” regarding the GOLD, Copper & other viable metals in Q3 ... https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf page 6
I will quickly make a decision as to whether this is a zero or hero$ stock....
At 57 Guilio T. Bonifacio would not invest half a million dollars in Kerr Mines shares unless he thought these shares were going to POP $o.... As our CEO he has access to Copperstone’s latest drill results and he would have no qualms in resigning if Copperstone is a BUST imho
The wait has become beyond FRUSTRATING for KERR shareholders...
https://kerrmines.com/
https://www.sprottmoney.com/
https://www.investing.com/news/commodities-news/gold-prices-gain-on-weak-china-pmi-data-1850176
I met Guilio and spoke to him at 2019 PDAC and I have every confidence in him and our Kerr Mines Team to extract well over 1 million oz high grade AU over the next ten+ years from the high grade Copperstone Project $o ...
https://www.cnn.com/2019/04/29/politics/rod-rosenstein/index.html
Once we are provided with the “Updated Resource / Reserve” regarding the GOLD, Copper & other viable metals in Q3 ... https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf page 6
I will quickly make a decision as to whether this is a zero or hero$ stock....
At 57 Guilio T. Bonifacio would not invest half a million dollars in Kerr Mines shares unless he thought these shares were going to POP $o.... As our CEO he has access to Copperstone’s latest drill results and he would have no qualms in resigning if Copperstone is a BUST imho
The wait has become beyond FRUSTRATING for KERR shareholders...
https://kerrmines.com/
https://www.sprottmoney.com/
https://www.investing.com/news/commodities-news/gold-prices-gain-on-weak-china-pmi-data-1850176
I met Guilio and spoke to him at 2019 PDAC and I have every confidence in him and our Kerr Mines Team to extract well over 1 million oz high grade AU over the next ten+ years from the high grade Copperstone Project $o ...
https://www.cnn.com/2019/04/29/politics/rod-rosenstein/index.html
“...Mr. Bonifacio has over 30 years of experience in senior executive roles in the mining industry.
He is the Founder and former Director, President & CEO of Nevada Copper Corp. since its inception in 2005 until February 2018.
Among his many accomplishments Mr. Bonifacio has raised directly over $700 million through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of a billion dollars.
Mr. Bonifacio has led and directed efforts at every stage of development from exploration, development, permitting and construction.
Giulio is a Chartered Professional Accountant with extensive experience and knowledge of operations, capital markets, project finance and mergers & acquisitions.
Mr. Bonifacio has held previous senior executive roles with Getty Resources Limited, TOTAL Energold Corp., an energy and gold producer and Vengold Inc., gold producer prior to founding Nevada Copper in 2005.
Mr. Bonifacio is the President & CEO of CopperBank Resouces Corp.
https://globalenergymetals.com/about/strategic-advisors/
http://copperbankcorp.com/corporate/management/
“...Mr. Bonifacio has over 30 years of experience in senior executive roles in the mining industry.
He is the Founder and former Director, President & CEO of Nevada Copper Corp. since its inception in 2005 until February 2018.
Among his many accomplishments Mr. Bonifacio has raised directly over $700 million through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of a billion dollars.
Mr. Bonifacio has led and directed efforts at every stage of development from exploration, development, permitting and construction.
Giulio is a Chartered Professional Accountant with extensive experience and knowledge of operations, capital markets, project finance and mergers & acquisitions.
Mr. Bonifacio has held previous senior executive roles with Getty Resources Limited, TOTAL Energold Corp., an energy and gold producer and Vengold Inc., gold producer prior to founding Nevada Copper in 2005.
Mr. Bonifacio is the President & CEO of CopperBank Resouces Corp.
https://globalenergymetals.com/about/strategic-advisors/
http://copperbankcorp.com/corporate/management/
“...Mr. Bonifacio has over 30 years of experience in senior executive roles in the mining industry.
He is the Founder and former Director, President & CEO of Nevada Copper Corp. since its inception in 2005 until February 2018.
Among his many accomplishments Mr. Bonifacio has raised directly over $700 million through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of a billion dollars.
Mr. Bonifacio has led and directed efforts at every stage of development from exploration, development, permitting and construction.
Giulio is a Chartered Professional Accountant with extensive experience and knowledge of operations, capital markets, project finance and mergers & acquisitions.
Mr. Bonifacio has held previous senior executive roles with Getty Resources Limited, TOTAL Energold Corp., an energy and gold producer and Vengold Inc., gold producer prior to founding Nevada Copper in 2005.
Mr. Bonifacio is the President & CEO of CopperBank Resouces Corp.
https://globalenergymetals.com/about/strategic-advisors/
http://copperbankcorp.com/corporate/management/
Giulio Bonifacio becomes Kerr Mines’ new CEO
Kerr Mines (KER.TO) has appointed Giulio Bonifacio (ex-Nevada Copper (NCU.TO)) as its new CEO, while Claudio Ciavarella will move to an executive vice chairman position. It will be interesting to see what Bonifacio’s first steps will be now he’s heading Kerr Mines whose Copperstone project hosts just over 400,000 ounces of gold while it also has a mill on site which keeps the expected capex low at just US$23M.
Kerr also closed a C$469,000 placement of which the majority was taken up by Bonifacio as he acquired 3 million shares and 3 million warrants in a C$0.14 unit financing. The warrants are valid for two years and have an exercise price of C$0.21.
Kerr is planning to complete an underground drill program totalling almost 16,000 meters as it would like to increase the resources to almost 600,000 ounces of gold, of which 320,000 ounces would be categorized as reserves. Should Kerr Mines be successful, the mine life would increase to 8 years while the after-tax NPV5% would increase from US$27M to US$80M using a gold price of $1250/oz.
https://www.caesarsreport.com/blog/nextsource-materials-received-environmental-nod-next-stop-project-financing/
https://www.kitco.com/news/2019-04-25/Gold-Eyes-First-Weekly-Gain-Since-March-As-Growth-Concerns-Linger.html
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
Giulio Bonifacio becomes Kerr Mines’ new CEO
Kerr Mines (KER.TO) has appointed Giulio Bonifacio (ex-Nevada Copper (NCU.TO)) as its new CEO, while Claudio Ciavarella will move to an executive vice chairman position. It will be interesting to see what Bonifacio’s first steps will be now he’s heading Kerr Mines whose Copperstone project hosts just over 400,000 ounces of gold while it also has a mill on site which keeps the expected capex low at just US$23M.
Kerr also closed a C$469,000 placement of which the majority was taken up by Bonifacio as he acquired 3 million shares and 3 million warrants in a C$0.14 unit financing. The warrants are valid for two years and have an exercise price of C$0.21.
Kerr is planning to complete an underground drill program totalling almost 16,000 meters as it would like to increase the resources to almost 600,000 ounces of gold, of which 320,000 ounces would be categorized as reserves. Should Kerr Mines be successful, the mine life would increase to 8 years while the after-tax NPV5% would increase from US$27M to US$80M using a gold price of $1250/oz.
https://www.caesarsreport.com/blog/nextsource-materials-received-environmental-nod-next-stop-project-financing/
https://www.kitco.com/news/2019-04-25/Gold-Eyes-First-Weekly-Gain-Since-March-As-Growth-Concerns-Linger.html
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
Directors buying at Kerr Mines KER
“...Giulio Bonifacio, a Senior Officer and Director, acquired 3,000,000 Common Shares at a price of $0.14 and 3,000,000 Common Share Purchase Warrants exercisable at $0.21 until April 15, 2021 on a direct ownership basis through a private transaction on April 15th, 2019. This represents a $420,000 investment into the company's shares and an account share holdings change of greater than 100%.
Under the same terms, Peter Damouni, a Director, acquired 350,000 Common Shares and 350,000 Common Share Purchase Warrants on a direct ownership basis through a private transaction on April 15th, 2019. This represents a $49,000 investment into the company's shares and an account share holdings change of 81.7%.
Kerr Mines is in the Gold Sub Industry Group under the Basic Materials Sector.
Kerr Mines Inc is a Canada-based gold development and exploration company. The Company is engaged in exploration, evaluation and development of gold and mineral resource properties in North America. Its segments include Canada and United States. The Company focuses on gold production in its Copperstone property in the United States. The Copperstone Gold Mine is located in western Arizona, in the United States, within the Walker Lane mineral belt where it intersects gold provinces in Southern California and Western Arizona. These provinces host a total known gold endowment of over 40 million ounces of gold.
https://m.canadianinsider.com/private-eye/2019-04-17/directors-buying-kerr-mines-ker
https://www.sprottmoney.com/
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
“...
Mueller report: Subpoena issued for unredacted version...”
https://www.bbc.com/news/world-us-canada-47991337
Directors buying at Kerr Mines KER
“...Giulio Bonifacio, a Senior Officer and Director, acquired 3,000,000 Common Shares at a price of $0.14 and 3,000,000 Common Share Purchase Warrants exercisable at $0.21 until April 15, 2021 on a direct ownership basis through a private transaction on April 15th, 2019. This represents a $420,000 investment into the company's shares and an account share holdings change of greater than 100%.
Under the same terms, Peter Damouni, a Director, acquired 350,000 Common Shares and 350,000 Common Share Purchase Warrants on a direct ownership basis through a private transaction on April 15th, 2019. This represents a $49,000 investment into the company's shares and an account share holdings change of 81.7%.
Kerr Mines is in the Gold Sub Industry Group under the Basic Materials Sector.
Kerr Mines Inc is a Canada-based gold development and exploration company. The Company is engaged in exploration, evaluation and development of gold and mineral resource properties in North America. Its segments include Canada and United States. The Company focuses on gold production in its Copperstone property in the United States. The Copperstone Gold Mine is located in western Arizona, in the United States, within the Walker Lane mineral belt where it intersects gold provinces in Southern California and Western Arizona. These provinces host a total known gold endowment of over 40 million ounces of gold.
https://m.canadianinsider.com/private-eye/2019-04-17/directors-buying-kerr-mines-ker
https://www.sprottmoney.com/
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
“...
Mueller report: Subpoena issued for unredacted version...”
https://www.bbc.com/news/world-us-canada-47991337
Directors buying at Kerr Mines KER
“...Giulio Bonifacio, a Senior Officer and Director, acquired 3,000,000 Common Shares at a price of $0.14 and 3,000,000 Common Share Purchase Warrants exercisable at $0.21 until April 15, 2021 on a direct ownership basis through a private transaction on April 15th, 2019. This represents a $420,000 investment into the company's shares and an account share holdings change of greater than 100%.
Under the same terms, Peter Damouni, a Director, acquired 350,000 Common Shares and 350,000 Common Share Purchase Warrants on a direct ownership basis through a private transaction on April 15th, 2019. This represents a $49,000 investment into the company's shares and an account share holdings change of 81.7%.
Kerr Mines is in the Gold Sub Industry Group under the Basic Materials Sector.
Kerr Mines Inc is a Canada-based gold development and exploration company. The Company is engaged in exploration, evaluation and development of gold and mineral resource properties in North America. Its segments include Canada and United States. The Company focuses on gold production in its Copperstone property in the United States. The Copperstone Gold Mine is located in western Arizona, in the United States, within the Walker Lane mineral belt where it intersects gold provinces in Southern California and Western Arizona. These provinces host a total known gold endowment of over 40 million ounces of gold.
https://m.canadianinsider.com/private-eye/2019-04-17/directors-buying-kerr-mines-ker
https://www.sprottmoney.com/
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
“...
Mueller report: Subpoena issued for unredacted version...”
https://www.bbc.com/news/world-us-canada-47991337
32 grams per tonne of GOLD at the KERR SouthWEST Target
« ...* South West target
Has same geophysical signature as Copperstone Zone and intercepts of 8 g/t to 32 g/t ... »
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
http://sprott.com/investment-strategies/physical-bullion-trusts/
https://www.sprottmoney.com/sprott-wafer-1-10g-gold.html
https://www.kitco.com/news/2019-04-17/Gold-To-Peak-At-1-400-On-Risk-Aversion-By-Year-End-Capital-Economics.html
32 grams per tonne of GOLD at the KERR SouthWEST Target
« ...* South West target
Has same geophysical signature as Copperstone Zone and intercepts of 8 g/t to 32 g/t ... »
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-March-2019.pdf
http://sprott.com/investment-strategies/physical-bullion-trusts/
https://www.sprottmoney.com/sprott-wafer-1-10g-gold.html
https://www.kitco.com/news/2019-04-17/Gold-To-Peak-At-1-400-On-Risk-Aversion-By-Year-End-Capital-Economics.html
Kerr Mines Inc. just filed 7 reports. View the full report... focused mainly on Giulio Bonifacio & Peter Damouni https://ceo.ca/ker
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/60725-kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement.html
https://www.cnn.com/world/live-news/notre-dame-fire/index.html
”...
Giulio T. Bonifacio
Director
Mr. Bonifacio has over 30 years in senior executive positions in the mining industry. Mr. Bonifacio is the founder and was the CEO of Nevada Copper since its inception in 2005 until 2018. He has also been instrumental in providing over $700 million of capital to projects of merit while having led the efforts at every stage of development from exploration, production, permitting and construction. He is a CPA with extensive experience in the capital markets, securities matters, project finance and M&A. He held senior roles with Getty Resources, TOTAL and Vengold.
https://kerrmines.com/corporate/
Kerr Mines Inc. just filed 7 reports. View the full report... focused mainly on Giulio Bonifacio & Peter Damouni https://ceo.ca/ker
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/60725-kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement.html
https://www.cnn.com/world/live-news/notre-dame-fire/index.html
”...
Giulio T. Bonifacio
Director
Mr. Bonifacio has over 30 years in senior executive positions in the mining industry. Mr. Bonifacio is the founder and was the CEO of Nevada Copper since its inception in 2005 until 2018. He has also been instrumental in providing over $700 million of capital to projects of merit while having led the efforts at every stage of development from exploration, production, permitting and construction. He is a CPA with extensive experience in the capital markets, securities matters, project finance and M&A. He held senior roles with Getty Resources, TOTAL and Vengold.
https://kerrmines.com/corporate/
“... Kerr Mines Appoints Bonifacio as CEO and Announces Closing of Private Placement
TORONTO, April 15, Apr 15, 2019 (GLOBE NEWSWIRE via COMTEX) -- TORONTO, April 15, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) ("Kerr" or the "Company") is very pleased to announce that Mr. Giulio T. Bonifacio has assumed the position of Chief Executive Officer in addition to his current role as Director. As part of this transition, Mr. Claudio Ciavarella will assume the role of Executive Vice Chairman and will work closely with Mr. Bonifacio to advance the Company's Copperstone Mine project to production.
Mr. Bonifacio was the Founder, President and Director of Nevada Copper since its inception in 2005 until his retirement in 2018. Over this 13-year period, he led and directed efforts at every stage of Nevada Copper's development which included resource expansion, feasibility studies, successful permitting of both the underground and open pit deposits and the initial construction phase at the Pumpkin Hollow project located in Nevada. Pumpkin Hollow is currently targeted to commence production in Q4 2019.
Over his 30 years of experience in senior executive roles in the mining industry, Mr. Bonifacio has raised directly over US$500 million in capital through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of US$1 billion. Mr. Bonifacio is a Chartered Professional Accountant with extensive experience and knowledge of operations, project finance, capital markets and mergers and acquisitions.
Giulio T. Bonifacio, Chief Executive Officer stated: "I look forward to working with the Board and Management to advance Copperstone to commercial production in the near term. Copperstone is well advanced with permits, 14,000 feet of underground development, an existing 600 ton/day mill and infrastructure, all of which will lead to very manageable capital requirements while also allowing for a shortened construction period. I am also very excited about the multi-million ounce exploration potential of the project which has not been fully tested and explored."
Fahad al Tamimi, Chairman stated "I would like to welcome the appointment of Mr. Bonifacio as our Chief Executive Officer. Giulio has the knowledge, experience and belief in this project to lead us forward and take the next important steps to achieving our strategic objectives."
"I would like to thank Mr. Ciavarella for his dedication to advancing the Company over the past two years, the Company has taken great strides during this time. We look forward to Claudio's continued involvement as a Board member and major shareholder of the Company."...”
IFrame
Private Placement
The Company has completed a non-brokered private placement offering of 3,350,000 units of the Company ("Units") at a price of CDN$0.14 per Unit for gross proceeds of CDN$469,000 ()Offering"). Mr. Bonifacio subscribed for 3,000,000 Units of the Offering and Peter Damouni, a director of the Company, subscribed for 350,000 Units of the Offering.
Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant ()Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of CDN$0.21 per Common Share until April 15, 2021 provided that if, at any time the Common Shares trade on a stock exchange at a volume weighted average trading price of CDN$0.30, or greater, per Common Share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.
The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. The Company intends to use the net proceeds from the Offering for continued mineral exploration and development and for general working capital purposes.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The issuance and sale of Units under the Offering to Mr. Bonifacio and Mr. Damouni, as insiders of the Company, constituted related party transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by each insider will not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce targets within a 50 square kilometer (12,260 acres) land package.
For further information contact:
Claudio Ciavarella
Executive Vice Chairman
cciavarella@kerrmines.com
416-855-9305
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations of the commencement of production and the rate of production, if commenced and exploration potential. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines' business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
https://www.marketwatch.com/press-release/kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement-2019-04-15-61843057
https://kerrmines.com/kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement/
http://sprott.com/investment-strategies/sprott-resource-holdings/
https://www.nevadacopper.com/
“... Kerr Mines Appoints Bonifacio as CEO and Announces Closing of Private Placement
TORONTO, April 15, Apr 15, 2019 (GLOBE NEWSWIRE via COMTEX) -- TORONTO, April 15, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) ("Kerr" or the "Company") is very pleased to announce that Mr. Giulio T. Bonifacio has assumed the position of Chief Executive Officer in addition to his current role as Director. As part of this transition, Mr. Claudio Ciavarella will assume the role of Executive Vice Chairman and will work closely with Mr. Bonifacio to advance the Company's Copperstone Mine project to production.
Mr. Bonifacio was the Founder, President and Director of Nevada Copper since its inception in 2005 until his retirement in 2018. Over this 13-year period, he led and directed efforts at every stage of Nevada Copper's development which included resource expansion, feasibility studies, successful permitting of both the underground and open pit deposits and the initial construction phase at the Pumpkin Hollow project located in Nevada. Pumpkin Hollow is currently targeted to commence production in Q4 2019.
Over his 30 years of experience in senior executive roles in the mining industry, Mr. Bonifacio has raised directly over US$500 million in capital through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of US$1 billion. Mr. Bonifacio is a Chartered Professional Accountant with extensive experience and knowledge of operations, project finance, capital markets and mergers and acquisitions.
Giulio T. Bonifacio, Chief Executive Officer stated: "I look forward to working with the Board and Management to advance Copperstone to commercial production in the near term. Copperstone is well advanced with permits, 14,000 feet of underground development, an existing 600 ton/day mill and infrastructure, all of which will lead to very manageable capital requirements while also allowing for a shortened construction period. I am also very excited about the multi-million ounce exploration potential of the project which has not been fully tested and explored."
Fahad al Tamimi, Chairman stated "I would like to welcome the appointment of Mr. Bonifacio as our Chief Executive Officer. Giulio has the knowledge, experience and belief in this project to lead us forward and take the next important steps to achieving our strategic objectives."
"I would like to thank Mr. Ciavarella for his dedication to advancing the Company over the past two years, the Company has taken great strides during this time. We look forward to Claudio's continued involvement as a Board member and major shareholder of the Company."...”
IFrame
Private Placement
The Company has completed a non-brokered private placement offering of 3,350,000 units of the Company ("Units") at a price of CDN$0.14 per Unit for gross proceeds of CDN$469,000 ()Offering"). Mr. Bonifacio subscribed for 3,000,000 Units of the Offering and Peter Damouni, a director of the Company, subscribed for 350,000 Units of the Offering.
Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant ()Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of CDN$0.21 per Common Share until April 15, 2021 provided that if, at any time the Common Shares trade on a stock exchange at a volume weighted average trading price of CDN$0.30, or greater, per Common Share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.
The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. The Company intends to use the net proceeds from the Offering for continued mineral exploration and development and for general working capital purposes.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The issuance and sale of Units under the Offering to Mr. Bonifacio and Mr. Damouni, as insiders of the Company, constituted related party transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by each insider will not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce targets within a 50 square kilometer (12,260 acres) land package.
For further information contact:
Claudio Ciavarella
Executive Vice Chairman
cciavarella@kerrmines.com
416-855-9305
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations of the commencement of production and the rate of production, if commenced and exploration potential. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines' business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
https://www.marketwatch.com/press-release/kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement-2019-04-15-61843057
https://kerrmines.com/kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement/
http://sprott.com/investment-strategies/sprott-resource-holdings/
https://www.nevadacopper.com/
“...Kerr Mines appoints Bonifacio as CEO and announces closing of private placement
Apr. 15, 2019 11:40 AM • SA Editor Pranav Ghumatkar
Kerr Mines (OTCQB:KERMF +0.5%) announced that Mr. Giulio T. Bonifacio has assumed the position of CEO in addition to his current role as Director.
The Company has also completed a non-brokered private placement offering of 3.35M units of the Company at a price of C$0.14/unit for gross proceeds of C$0.47M.
Mr. Bonifacio subscribed for 3M Units of the Offering and Peter Damouni, a director of the Company, subscribed for 0.35M units of the Offering.
The Company intends to use the net proceeds for continued mineral exploration and development and for general working capital purposes.
https://seekingalpha.com/news/3450715-kerr-mines-appoints-bonifacio-ceo-announces-closing-private-placement
http://www.sprott.com/
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/60725-kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement.html
“...Kerr Mines appoints Bonifacio as CEO and announces closing of private placement
Apr. 15, 2019 11:40 AM • SA Editor Pranav Ghumatkar
Kerr Mines (OTCQB:KERMF +0.5%) announced that Mr. Giulio T. Bonifacio has assumed the position of CEO in addition to his current role as Director.
The Company has also completed a non-brokered private placement offering of 3.35M units of the Company at a price of C$0.14/unit for gross proceeds of C$0.47M.
Mr. Bonifacio subscribed for 3M Units of the Offering and Peter Damouni, a director of the Company, subscribed for 0.35M units of the Offering.
The Company intends to use the net proceeds for continued mineral exploration and development and for general working capital purposes.
https://seekingalpha.com/news/3450715-kerr-mines-appoints-bonifacio-ceo-announces-closing-private-placement
http://www.sprott.com/
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/60725-kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement.html
“...Kerr Mines appoints Bonifacio as CEO and announces closing of private placement
Apr. 15, 2019 11:40 AM • SA Editor Pranav Ghumatkar
Kerr Mines (OTCQB:KERMF +0.5%) announced that Mr. Giulio T. Bonifacio has assumed the position of CEO in addition to his current role as Director.
The Company has also completed a non-brokered private placement offering of 3.35M units of the Company at a price of C$0.14/unit for gross proceeds of C$0.47M.
Mr. Bonifacio subscribed for 3M Units of the Offering and Peter Damouni, a director of the Company, subscribed for 0.35M units of the Offering.
The Company intends to use the net proceeds for continued mineral exploration and development and for general working capital purposes.
https://seekingalpha.com/news/3450715-kerr-mines-appoints-bonifacio-ceo-announces-closing-private-placement
http://www.sprott.com/
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/60725-kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement.html
“...Kerr Mines appoints Bonifacio as CEO and announces closing of private placement
Apr. 15, 2019 11:40 AM • SA Editor Pranav Ghumatkar
Kerr Mines (OTCQB:KERMF +0.5%) announced that Mr. Giulio T. Bonifacio has assumed the position of CEO in addition to his current role as Director.
The Company has also completed a non-brokered private placement offering of 3.35M units of the Company at a price of C$0.14/unit for gross proceeds of C$0.47M.
Mr. Bonifacio subscribed for 3M Units of the Offering and Peter Damouni, a director of the Company, subscribed for 0.35M units of the Offering.
The Company intends to use the net proceeds for continued mineral exploration and development and for general working capital purposes.
https://seekingalpha.com/news/3450715-kerr-mines-appoints-bonifacio-ceo-announces-closing-private-placement
http://www.sprott.com/
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/60725-kerr-mines-appoints-bonifacio-as-ceo-and-announces-closing-of-private-placement.html
“...TORONTO, April 15, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is very pleased to announce that Mr. Giulio T. Bonifacio has assumed the position of Chief Executive Officer in addition to his current role as Director. As part of this transition, Mr. Claudio Ciavarella will assume the role of Executive Vice Chairman and will work closely with Mr. Bonifacio to advance the Company’s Copperstone Mine project to production.
Mr. Bonifacio was the Founder, President and Director of Nevada Copper since its inception in 2005 until his retirement in 2018. Over this 13-year period, he led and directed efforts at every stage of Nevada Copper’s development which included resource expansion, feasibility studies, successful permitting of both the underground and open pit deposits and the initial construction phase at the Pumpkin Hollow project located in Nevada. Pumpkin Hollow is currently targeted to commence production in Q4 2019.
Over his 30 years of experience in senior executive roles in the mining industry, Mr. Bonifacio has raised directly over US$500 million in capital through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of US$1 billion. Mr. Bonifacio is a Chartered Professional Accountant with extensive experience and knowledge of operations, project finance, capital markets and mergers and acquisitions.
Giulio T. Bonifacio, Chief Executive Officer stated: “I look forward to working with the Board and Management to advance Copperstone to commercial production in the near term. Copperstone is well advanced with permits, 14,000 feet of underground development, an existing 600 ton/day mill and infrastructure, all of which will lead to very manageable capital requirements while also allowing for a shortened construction period. I am also very excited about the multi-million ounce exploration potential of the project which has not been fully tested and explored.”
Fahad al Tamimi, Chairman stated “I would like to welcome the appointment of Mr. Bonifacio as our Chief Executive Officer. Giulio has the knowledge, experience and belief in this project to lead us forward and take the next important steps to achieving our strategic objectives.”
“I would like to thank Mr. Ciavarella for his dedication to advancing the Company over the past two years, the Company has taken great strides during this time. We look forward to Claudio’s continued involvement as a Board member and major shareholder of the Company.”
Private Placement
The Company has completed a non-brokered private placement offering of 3,350,000 units of the Company (“Units”) at a price of CDN$0.14 per Unit for gross proceeds of CDN$469,000 (the “Offering”). Mr. Bonifacio subscribed for 3,000,000 Units of the Offering and Peter Damouni, a director of the Company, subscribed for 350,000 Units of the Offering.
Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of CDN$0.21 per Common Share until April 15, 2021 provided that if, at any time the Common Shares trade on a stock exchange at a volume weighted average trading price of CDN$0.30, or greater, per Common Share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.
The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. The Company intends to use the net proceeds from the Offering for continued mineral exploration and development and for general working capital purposes.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or applicable state securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The issuance and sale of Units under the Offering to Mr. Bonifacio and Mr. Damouni, as insiders of the Company, constituted related party transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by each insider will not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce targets within a 50 square kilometer (12,260 acres) land package.
For further information contact:
Claudio Ciavarella
Executive Vice Chairman
cciavarella@kerrmines.com
416-855-9305
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations of the commencement of production and the rate of production, if commenced and exploration potential. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
https://www.globenewswire.com/news-release/2019/04/15/1803833/0/en/Kerr-Mines-Appoints-Bonifacio-as-CEO-and-Announces-Closing-of-Private-Placement.html
“...TORONTO, April 15, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is very pleased to announce that Mr. Giulio T. Bonifacio has assumed the position of Chief Executive Officer in addition to his current role as Director. As part of this transition, Mr. Claudio Ciavarella will assume the role of Executive Vice Chairman and will work closely with Mr. Bonifacio to advance the Company’s Copperstone Mine project to production.
Mr. Bonifacio was the Founder, President and Director of Nevada Copper since its inception in 2005 until his retirement in 2018. Over this 13-year period, he led and directed efforts at every stage of Nevada Copper’s development which included resource expansion, feasibility studies, successful permitting of both the underground and open pit deposits and the initial construction phase at the Pumpkin Hollow project located in Nevada. Pumpkin Hollow is currently targeted to commence production in Q4 2019.
Over his 30 years of experience in senior executive roles in the mining industry, Mr. Bonifacio has raised directly over US$500 million in capital through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of US$1 billion. Mr. Bonifacio is a Chartered Professional Accountant with extensive experience and knowledge of operations, project finance, capital markets and mergers and acquisitions.
Giulio T. Bonifacio, Chief Executive Officer stated: “I look forward to working with the Board and Management to advance Copperstone to commercial production in the near term. Copperstone is well advanced with permits, 14,000 feet of underground development, an existing 600 ton/day mill and infrastructure, all of which will lead to very manageable capital requirements while also allowing for a shortened construction period. I am also very excited about the multi-million ounce exploration potential of the project which has not been fully tested and explored.”
Fahad al Tamimi, Chairman stated “I would like to welcome the appointment of Mr. Bonifacio as our Chief Executive Officer. Giulio has the knowledge, experience and belief in this project to lead us forward and take the next important steps to achieving our strategic objectives.”
“I would like to thank Mr. Ciavarella for his dedication to advancing the Company over the past two years, the Company has taken great strides during this time. We look forward to Claudio’s continued involvement as a Board member and major shareholder of the Company.”
Private Placement
The Company has completed a non-brokered private placement offering of 3,350,000 units of the Company (“Units”) at a price of CDN$0.14 per Unit for gross proceeds of CDN$469,000 (the “Offering”). Mr. Bonifacio subscribed for 3,000,000 Units of the Offering and Peter Damouni, a director of the Company, subscribed for 350,000 Units of the Offering.
Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of CDN$0.21 per Common Share until April 15, 2021 provided that if, at any time the Common Shares trade on a stock exchange at a volume weighted average trading price of CDN$0.30, or greater, per Common Share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.
The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. The Company intends to use the net proceeds from the Offering for continued mineral exploration and development and for general working capital purposes.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or applicable state securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The issuance and sale of Units under the Offering to Mr. Bonifacio and Mr. Damouni, as insiders of the Company, constituted related party transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by each insider will not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce targets within a 50 square kilometer (12,260 acres) land package.
For further information contact:
Claudio Ciavarella
Executive Vice Chairman
cciavarella@kerrmines.com
416-855-9305
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations of the commencement of production and the rate of production, if commenced and exploration potential. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
https://www.globenewswire.com/news-release/2019/04/15/1803833/0/en/Kerr-Mines-Appoints-Bonifacio-as-CEO-and-Announces-Closing-of-Private-Placement.html