Initial Drill Results Show Mineralization Continuity, Extension at Arizona Project

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.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Kerr Mines. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Kerr Mines. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Kerr Mines, a company mentioned in this article.

Related Articles