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Monday, September 11, 2017 8:24:00 PM
Interesting new photos; it is about time imho
Translated:
Kerr Mines: On the way to the Goldmine reboot in Arizona News Source: 11.09.2017, 15:31 | 228 | 0 | 0 1 The Copperstone Mine is a project with ample history. In the past, more than 500,000 ounces of gold have been produced on the project in the west of the state of Arizona, not far from the small town of Parker. Between 1987 and 1993, Copperstone was promoted gold for around 400 US dollars per ounce. Later, American Bonanza has tried on the project, but has failed in a difficult market environment and terrible clauses in the credit agreement. 2013 was then also concluded here.
At this point, Kerr Mines (TSX: KER; ISIN: CA4924052042) stepped onto the screen and secured access to Copperstone. New Management Team Ensures Renaissance It has been quiet for a long time, but the new management, led by CEO Claudio Ciavarella and Chairman Fahad Al-Tahimi, has pushed the company strongly since the beginning of the year. After re-capitalizing Kerr Mines - recently secured over $ 8 million with investors - the team is working hard to expand the existing resource of over 440,000 ounces. The goal is to increase the confidence in the existing mineralization and, as a matter of fact, also to significantly expand it. Already now on the project are running phase 1 Thus already one began at the beginning of August with bores from the surface. In phase 1 it is planned to settle about 15,000 feet. Depending on the results, it is then planned to go seamlessly into the second phase. On Monday, Kerr Mines has now reported that a drill is now drilled from underground to the "Parallel Foot Wall Zone".
This is the main target of the activities and is intended to significantly expand the existing resource. PFS already in Q1 2018 The overarching goal is to incorporate the results into an updated pre-feasibility study, which is to be presented in the first quarter of 2018. According to their results, Kerr Mines could already decide to resume production on Copperstone as expected by so many industry connoisseurs. However, there is no exact timetable for this. The Copperstone Mine already has all necessary licenses. Since the mill is also operated every 30 days, they have not expired so far and therefore still valid. The ownership of the licenses is hard to convert into dollars, the time savings alone should be worth a seven-digit amount alone. Still, the resumption of production in Arizona's desert is future music. Much of what now depends on drill results, which we expect in the next two to three weeks.
Kerr Mines: On the way to the goldmine reboot in Arizona wallstreet-online.de - Full article at:
https://www.wallstreet-online.de/nachricht/9887019-kerr-mines-goldminen-neustart-arizona
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