TORONTO, Aug. 15, 2017 /PRNewswire/ - Kerr Mines
Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA:
7AZ1) is pleased to announce that it has initiated the first
phase of the surface exploration drilling campaign for the 2017
Copperstone Mine exploration program and pre-feasibility study.
Approximately 15,000 feet of drilling is allocated to the
first phase with the goals of further defining the parallel
Footwall Zone and increasing the existing resource in the
Copperstone Zone.
The parallel Footwall Zone is located approximately 500 feet to
the Southwest on the footwall side of the Copperstone Zone which
was previously mined by open pit and underground methods.
Previous successful drilling has indicated that further drilling is
warranted to advance the definition the Footwall Zone.
The objective is to continue to build from prior successful
drilling results in the Footwall Zone which has indicated similar
inclination attitude, rock type, alteration, width and grade as is
seen the Copperstone Zone. It is also designed to strengthen the
Copperstone Zone along strike and increase its down dip
extension.
"We are very pleased to have completed the planning of the
program and are excited to begin executing it. The 2017 Copperstone
exploration program is the cornerstone for the forthcoming
pre-feasibility study and is a key component to the strategy of
advancing the Copperstone Mine project towards a production
decision, " said Martin Kostuik,
President Kerr Mines.
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
NI 43-101 and reviewed and approved by Michael R. Smith, Registered Geologist., a
"Qualified Person" as defined by NI 43-101 for this project.
Sections, plans and diagrams related to this press release are
available at the company's website, www.kerrmines.com.
About Kerr Mines Inc.
Kerr
Mines is a North American gold development and exploration
company currently advancing the fully permitted past-producing
Copperstone Mine project. Copperstone is a high-grade gold project
located along the Walker Lane mineral belt in mining-friendly
Arizona. The project demonstrates
significant upside exploration potential within 12,000 acre a land
package which includes a production history of over 500,000 ounces
of gold. The Company's current focus is on maximizing Copperstone's
potential by defining and expanding current resources and
strengthening the mine's economics leading to a production
decision.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including
current expectations on the timing of the commencement of
production and the rate of production, if commenced. These
forward-looking statements entail various risks and uncertainties
that could cause actual results to differ materially from those
reflected in these forward-looking statements. Such statements are
based on current expectations, are subject to a number of
uncertainties and risks, and actual results may differ materially
from those contained in such statements. These uncertainties and
risks include, but are not limited to, the strength of the Canadian
economy; the price of gold; operational, funding, and liquidity
risks; the degree to which mineral resource estimates are
reflective of actual mineral resources; and the degree to which
factors which would make a mineral deposit commercially viable are
present; the risks and hazards associated with underground
operations. Risks and uncertainties about Kerr Mines' business are more fully discussed in
the Company's disclosure materials, including its annual
information form and MD&A, filed with the securities regulatory
authorities in Canada and
available at www.sedar.com and readers are urged to read these
materials. Kerr Mines assumes no
obligation to update any forward-looking statement or to update the
reasons why actual results could differ from such statements unless
required by law.
Neither TSX nor its Regulation Services Provider (as that term
is defined in the policies of the TSX) accepts responsibility for
the adequacy or accuracy of this release and no stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein.
SOURCE Kerr Mines Inc.