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Friday, March 13, 2020 9:37:48 AM
Fully-permitted, near-production gold mine in premiere mining jurisdiction of Arizona.
Existing mine infrastructure representing over US$80 million of value reduces capital for the restart of operation to less than US$20 million.
"Aiming to commence commercial gold production at a rate of 600 tpd to produce up to 40,000 ounces of gold within 12 months of concluding a project funding package." 600 tpd is about a 1/3 increase in probable production!
Advanced metallurgical testing program with plus 95 percent recovery.
Considerable resource and reserve upside to further optimize project economics and mine life.
Commencing Phase 2 of well-funded resource expansion and exploration program.
Management with proven technical expertise in optimizing mines and achieving profitability.
Tight share structure with 35 percent held by directors and insiders; 36 percent held by family offices and funds.
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/kerr-mines:-restarting-the-fully-permitted-high-grade-copperstone-gold-project/
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/kerr-mines:-restarting-the-fully-permitted-high-grade-copperstone-gold-project/
BTW Generation Mining must be ecstatic with Eric Sprott https://www.globenewswire.com/news-release/2020/02/13/1984573/0/en/Generation-Mining-Completes-C-10-700-250-Private-Placement.html
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