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Kerr Mines Inc.
Summary
| Project: | Copperstone Mine | |
|---|---|---|
| Deposit: | D Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-11-2017: Kerr Mines Inc. announces an Exploration/Drilling Update report for its D Zone deposit at the Copperstone Mine project. Drilling results incl. 32ft @ 16.2g/t Au from 153ft. TORONTO, CANADA – November 2, 2017 - Kerr Mines Inc. (TSX: KER, OTC: KE | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael R. Smith (Not stated) | |
| ABSTRACT: | TORONTO, CANADA – November 2, 2017 - Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce initial results of its Phase I underground drilling program with 10 of 12 drill holes intersecting significant gold mineralization and increasing the confidence in expanding the resource at the Company’s Copperstone project in Arizona. Martin Kostuik, President, stated, “with these initial Copperstone Zone results and the previously announced Footwall Zone results, (see press release dated 24 October 2017), we remain confident in delivering on our target of producing an updated resource estimate under NI 43-101 guidelines and delivering a Prefeasibility study in Q1 2018.” 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 has a mineral resource of 313,000 oz Au at 10.35 g/t Au (0.302 ounce per ton) (measured + indicated), estimated in 2010* is being further enhanced by the Phase 1 underground drilling program. The Phase I 15,000 feet underground program is currently using two drills to test along strike and up/down-dip in the D and C zones of the Copperstone Zone. The program is confirming altered detachment fault breccia continuity from existing underground workings at depths from 100 to 400 feet below the open pit bottom. | |
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