Penny Gold Miners

[goldenpolarbear]

« ...Gold in the Desert: High-Grade Project Nearing Fruition in Arizona... »

NYBob, I wonder if Kerr Mines is finally going to soar?

https://www.streetwisereports.com/article/2019/05/21/gold-in-the-desert-high-grade-project-nearing-fruition-in-arizona.html

Located in the fault- and gold-riddled desert lands between Phoenix and Death Valley, Kerr Mines Inc.'s (KER:TSX; KERMF:OTC; 7AZ1:FRA) Copperstone Mine is gearing up to recommence production in 2020, stated newly appointed CEO Giulio T. Bonifacio.

Because it is blessed with existing infrastructure—a mill, water, power, labs, repair shop, warehouses, offices, tailings pond and extensive underground development—reinvigorating Copperstone is a low capex project.

Copperstone's historically productive high-grade gold deposit was profitably mined as an open pit in 1987 by Cyprus Minerals Corporation. Within six remarkable years, Copperstone delivered more than 500,000 ounces gold from 5.6 million tons of ore grading at 0.089 ounces per ton (oz/t) gold (3.05 grams/tonne).