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Kerr Mines Inc.
Summary
| Project: | Copperstone Mine | |
|---|---|---|
| Deposit: | Footwall Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-1-2018: Kerr Mines Inc. announces an Exploration/Drilling Update report for its Footwall Zone deposit at the Copperstone Mine project. Drilling results incl. 36.6m @ 7.5g/t Au, 0.26% Cu from 96.0m. TORONTO, CANADA – January 17, 2018 - Kerr Mines Inc. ( | |
| Resources: | ||
| CP/QP: | [Overall Report]: Michael R. Smith (Not stated) | |
| ABSTRACT: | TORONTO, CANADA – January 17, 2018 - Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce further results of its Phase I surface drilling program. KER-17S21 further extends the Footwall Zone by returning a 36.6 meter drill hole interval with 7.5 g/t gold (Au) and 0.26% copper (Cu). 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, “the significant increase in the size of the Footwall Zone and an addition of a separate mineralized area adjacent to the same Footwall Zone is an amazing step towards increasing Kerr Mines shareholder value. With the surface program complete and underground assay results continuing to be delivered, we are excited to compile all of the 2017 exploration data and form a new Copperstone Project resource 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 has an undiluted mineral resource of 313,000 oz Au (311,00 measured + 2,000 indicated) at 10.35 g/t Au (0.302 ounce per ton), estimated in 2010* which is being further enhanced by the Phase I drilling program. The Phase I 8,000 meter surface and underground drilling program is complete with final assays pending. The Phase I program tested 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 October 21, 2017). | |
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