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Kerr Mines Inc.
Summary
| Project: | Copperstone Mine | |
|---|---|---|
| Deposit: | Copperstone Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-7-2019: Kerr Mines Inc. announces an Exploration/Drilling Update report for its Copperstone Mine deposit at the Copperstone Mine project. Drilling results incl. 3.0m @ 27.45g/t Au from 12.2m. TORONTO, CANADA – July 9, 2019 - Kerr Mines Inc. (TSX: KER, O | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael R. Smith (Not stated) | |
| ABSTRACT: | TORONTO, CANADA – July 9, 2019 - Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce final drilling results from this first phase of its 2019 resource expansion program at the Copperstone Mine located in Arizona, USA. Based on the recently completed drilling program the next phase of resource expansion drilling of up to 10,000 meters is now in the planning stage and targeted to commence by Q4-2019. The next phase of drilling, which is currently in the planning stage, will continue to focus on resource expansion by way of underground core drilling in the D and C zones. Recent step out drilling results as previously reported from Drill Hole 18-21-04 (16.8 meters of 40.0 g/t gold) returned significant values and are indicating higher grade and thickness will be followed up with the continued emphasis of adding new Inferred gold resources. The next phase will focus on stepping out along strike and dip beyond the previously defined mineralized domains which are reflecting further continuity with higher grades as shown in Figure 3 below. Highlights from previously reported drill results are included below for reference as these will also form the basis of the next phase of drilling. Additionally, we will be shifting from reverse circulation drilling to core drilling which will allow for greater accuracy when stepping out to extend previously defined mineralized domains while providing greater granularity of gold ore contacts inclusive of structural information. Page 2 Giulio T. Bonifacio, Chief Executive Officer stated: “Our entire team has been extremely pleased by our initial phase of drilling. As we move into the planning phase, the program will focus on newly discovered step out areas that extend or connect previously defined mineralized domains as shown in Figure 3. The shift to core drilling will also prove beneficial towards upgrading and expanding our currently defined resources while allowing for greater accuracy in defining grade, thickness and continuity.” | |
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