Kerr Mines strengthens Board with the appointment of Giulio T. Bonifacio
January 31 2019 - 6:30AM
Kerr Mines Inc. (TSX:
KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the
“Company”) is very pleased to welcome back to the
Copperstone Project Giulio T. Bonifacio as a new member to the
Board of Directors.
Mr. Bonifacio was the Co-Founder and Director of
American Bonanza Gold Corp. from 2002 – 2012 during the initial
development and advancement of the Copperstone Project into a high
grade underground mining opportunity.
Mr. Bonifacio was the Founder, President and
Director of Nevada Copper since its inception in 2005 until his
retirement in February 2018. Over the 13-year period, he led and
directed efforts at every stage of the Company’s efforts which
included resource expansion, feasibility studies and the successful
permitting of both the underground and open pit deposits at the
Company’s Pumpkin Hollow project located in Nevada. Additionally,
Mr. Bonifacio led efforts toward the completion of production-sized
headframe, hoist and 1,900-foot-deep, 24-foot diameter concreted
lined production sized shaft, all of which will lead to a shortened
construction period at Pumpkin Hollow. Mr. Bonifacio was also
integral to Nevada Copper attaining a significant refinancing
package in December 2017, which now currently positions the Pumpkin
Hollow project to progress into commercial production by early
2020.
Over his 30 years of experience in senior
executive roles in the mining industry, Bonifacio has raised
directly over $700 million in capital through equity and project
debt financings for projects of merit as well as being involved in
corporate transactions aggregating in excess of US$1 billion.
Mr. Bonifacio is a Chartered Professional
Accountant with extensive experience and knowledge of operations,
capital markets, project finance, mergers and acquisitions. Mr.
Bonifacio has held previous senior executive roles with Getty
Resources Limited, TOTAL Energold Corp., an energy and gold
producer and Vengold Inc., gold producer prior to founding American
Bonanza and Nevada Copper.
“I am very pleased to welcome Giulio to our
Board, his knowledge and experience will add tremendous value to
our team as we progress through this very important transition to
production. Giulio has a great passion for the Copperstone Project
and recognizes the potential ahead of us which has attracted him to
join our team” stated Claudio Ciavarella, CEO.
Giulio T. Bonifacio, stated:
“I look forward to working with Claudio and the
Board to advance Copperstone to commercial production and commend
the entire team for the advancement of the project to date. From
the initial formation of American Bonanza I have always been of the
view that Copperstone has enormous potential by way of its existing
infrastructure, permits, grade and manageable capex requirements.
Additionally, the multi-million ounce exploration potential of the
project cannot be overlooked.”
About Kerr Mines Inc. Kerr
Mines is an Emerging American Gold Producer currently advancing the
100% owned, fully permitted past-producing Copperstone Mine project
to production. Copperstone is a high-grade gold project located
along a detachment fault mineral belt in mining-friendly Arizona.
This gold project in Arizona demonstrates tremendous exploration
potential targeting multi-million ounce prospects within a 4,775
hectare (11,800 acres) land package.
PDF Version of 43-101 technical report available:
http://kerrmines.com/wp-content/uploads/KerrCopperstone_PFS_43-101.pdfYouTube:
Copperstone Gold Mine KER:TSX 3 min. Investor Tour Video
For further information
contact:Claudio Ciavarella Chief Executive
Officercciavarella@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.