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Kerr Mines Inc.
Summary
| Project: | Copperstone Mine | |
|---|---|---|
| Deposit: | D Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2017: Kerr Mines Inc. announces an Exploration/Drilling Update report for its D Zone deposit at the Copperstone Mine project. Drilling results incl. 21.6m @ 23.1g/t Au from 46.6m. TORONTO, CANADA – December 5, 2017 ‐ Kerr Mines Inc. (TSX: KER, OTC: K | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael R. Smith (Not stated) | |
| ABSTRACT: | TORONTO, CANADA – December 5, 2017 ‐ Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce further results of its Phase I drilling program. KER‐17U‐12 interval of 32.0 feet @ 16.0 g/t Au has been extended by 28.5 feet @ 39.1 g/t Au for a final total interval length of 60.5 feet @ 27.0 g/t Au (see press release dated November 2, 2017). Phase I of the program continues to confirm significant gold mineralization and increases the confidence in expanding the resource at the Company’s Copperstone project in Arizona. Martin Kostuik, President, stated, “these continuing achievements support the confidence we have in developing this resource to its fullest potential. Attributes of high grade and continuity are regularly displayed in the drilling results” 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 an undiluted mineral resource of 313,000 oz Au at 10.35 g/t Au (0.302 ounce per ton)‐(311,000 measured + 2000indicated), estimated in 2010* which is being further enhanced by the Phase 1 drilling program. The Phase I 15,000 feet underground program is currently using three drills to test along strike and up/down‐ dip in the D and C portions of the Copperstone Zone. The program is confirming mineralized detachment fault breccia continuity from existing underground workings at depths from 100 to 400 feet below the open pit bottom. | |
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