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Kerr Mines Inc.
Summary
| Project: | Copperstone Mine | |
|---|---|---|
| Deposit: | Copperstone Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-2-2018: Kerr Mines Inc. announces an Exploration/Drilling Update report for its Copperstone Zone deposit at the Copperstone Mine project. Drilling results incl. 7.3m @ 102.7g/t Au, 0.08% Cu from 21m. TORONTO, Feb. 21, 2018 -- Kerr Mines Inc. (TSX:KER) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael R. Smith (Not stated) | |
| ABSTRACT: | TORONTO, Feb. 21, 2018 -- Kerr Mines Inc. (TSX:KER) (OTC:KERMF) (FRA:7AZ1) (“Kerr” or the “Company”) is pleased to announce final results of its Phase I underground drilling program. KER-17U-50 further extends the Copperstone Zone by returning a 7.3 meter drill hole interval with 102.7 g/t gold (Au). This conclusion of Phase I of the underground program confirms significant gold mineralization and increases the potential in expanding the resource at the Company’s Copperstone Project in Arizona Martin Kostuik, President, stated, “these results conclude the very successful Phase I underground program which was designed to upgrade the resource and will be the cornerstone to the forthcoming Copperstone Project resource statement. We are progressing well on all fronts to fully realise the numerous accretive aspects of the project to complete the Copperstone Project pre-feasibility study by the end of this quarter.” The Copperstone Zone detachment fault system historically produced over 500,000 ounces of gold from an open pit. Continuing below the open pit, the down-dip extension of the Copperstone Zone is being further enhanced by the Phase I drilling program. The Phase I 8,000 meter surface and underground drilling program is complete. The Phase I program tested mineralization along strike and up/down-dip in the D and C portions of the Copperstone Zone and in the newly announced parallel Footwall Zone (see press release dated January 17, 2018). | |
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