Source: Streetwise Reports 04/06/2019
The Canadian owner of this gold mine remains focused on commencing production there.
Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release the first drill results from its resource expansion program at Copperstone in Arizona.
“These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone mine,” President Martin Kostuik said in the release.
These maiden results from four holes come from a drill program covering 500 meters (500m) of strike length and 200m of elevation, for about 33% of the existing resource strike length.
Generally, the results “established continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip,” the release noted.
Specifically, highlight drill hole 18-08A-02 intersected 12.2m at 11.7 grams per ton (11.7 g/t) gold (Au), including 3m of 38.3 g/t Au. This suggests the zone is of a higher grade and is thicker than expected, having a mining width of 17.7m.
Other assays included 6.1m at 5.8 g/t Au from hole 18-05A-01, 4.6m at 9.8 g/t Au from hole 18-05A-06 and 4.6m at 18.3 g/t Au from hole 18-08A-03.
Kerr will release more drill results as they become available.
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( Companies Mentioned: KER:TSX; KERMF:OTC; 7AZ1:FRA,
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