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Kerr Mines Inc.
Summary
| Project: | Copperstone Mine | |
|---|---|---|
| Deposit: | Copperstone Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-6-2019: Kerr Mines Inc. announces an Exploration/Drilling Update report for its Copperstone Mine deposit at the Copperstone Mine project. Drilling results incl. 6.1m @ 15.91g/t Au from 19.8m. Drilling is being accomplished entirely from existing undergr | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Smith (Internal) | |
| ABSTRACT: | 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. ” | |
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