Sabre Gold Mines Corp (SGLDF)

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treetwise Reports Examines Arizona Gold Mine Resource Expansion Plan

GlobeNewswire•January 9, 2019
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SAN FRANCISCO, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) just announced that its phase 2 resource expansion plan designed to extend mine life at its flagship Copperstone Mine in Arizona will begin in mid-January. The company also noted that it is "progressing with environmental and operating permit modifications and continuing with advanced metallurgical testing."
Company mentioned: Kerr Mines Inc.
CEO Claudio Ciavarella stated that Copperstone is a "relatively simple and straightforward project, which includes 420,000 ounces of gold with 175,000 ounces in reserve."
Currently, there's a 4.5-year mine life, but the company expects to extend this to 8–10 years in the near term through the drilling program. According to Kerr Mines, the 15,000-meter underground resource expansion program will "culminate in Q3 2019 with an updated Resource Statement and Reserve Study intended to increase the 38,000 gold ounce per annum mine life by 3–4 years to total of 8 years."