Kerr Mines Comments on Market Activity
January 25 2018 - 6:30AM
TORONTO, Jan. 25, 2018 (GLOBE NEWSWIRE) --
Kerr Mines Inc. (TSX:KER) (OTC:KERMF) (FRA:7AZ1)
(“Kerr” or the “Company”) wishes to comment on the
unusual market activity and volatility in the trading of the
Company’s securities over the past number of days.
Although it is the Company’s policy to not
comment on market rumours or activities, due to numerous
shareholder enquiries, the Company confirms that management is
unaware of any material changes in its business that would account
for the recent market activity.
The Copperstone project is advancing, as
expected, with the 2017 drill program having been completed in
December 2017 and the Prefeasibility study on track for release in
Q1 2018.
About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration
company currently advancing the 100% owned, fully permitted
past-producing Copperstone Mine project. Copperstone is a
high-grade gold project located along a detachment fault mineral
belt in mining-friendly Arizona. The project demonstrates
significant upside exploration potential within a 4,775 hectare
(11,800 acres) land package that 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.
For further information
contact:
Claudio Ciavarella
Chief Executive Officer
cciavarella@kerrmines.com
416-855-9305
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.