Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

« ... Kerr Mines Drills 6.1 Meters of 15.02 g/t Gold at Copperstone

TORONTO, June 05, 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 from this current phase of drilling at Copperstone are pending and will be released as they become available.

2019 Resource Expansion Highlights:

Drill hole 18-21A-05, an exploration step-out hole, returned an interval of 6.1 meters at 15.02 g/t gold, including 3 meters of 22.4 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 13.1 meters;

Drill hole 18-04-01, a conversion hole returned, an interval of 6.1 meters at 15.91 g/t gold, including 4.6 meters of 21.02 g/t gold with a total effective mining width of 3.2 meters; and,

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 30 per cent of the current resource strike length. The program was designed to increase confidence in the mineral resources and reserves, 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 of up to 10,000 meters of drilling, of which we have currently completed 5,000 meters which is currently focused on the D and C zones to increase mine life by adding additional 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.

Giulio T. Bonifacio, Chief Executive Officer stated: “We continue to be very encouraged with the positive drill results to date. Building off the success of the previously announced results from holes 18-21-04(16.8 meters of 40.0 g/t gold) and 18-21-06(10.7 meters of 17.5 g/t gold) our current reported drilling results as shown in “Drill Stations Close View Looking West” further confirm that results are upgrading and expanding our currently defined resources beyond the various mineralized domains with both high grades and further continuity. ”... »


https://www.globenewswire.com/news-release/2019/06/05/1864470/0/en/Kerr-Mines-Drills-6-1-Meters-of-15-02-g-t-Gold-at-Copperstone.html

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