Kerr Mines samples 0.61m of 56.41 g/t Au at Copperstonehttps://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aKER-2824609&symbol=KER®ion=C
Kerr Mines samples 0.61m of 56.41 g/t Au at Copperstone
2019-10-29 06:39 ET - News Release
Mr. Giulio Bonifacio reports
KERR MINES ANNOUNCES HIGH-GRADE GOLD CHANNEL SAMPLING RESULTS
Kerr Mines Inc. has provided an update of recent project developments including high-grade chip channel sampling results from its 100-per-cent-owned Copperstone mine gold project located in Arizona.
Underground Chip-Channel Sampling
Following up on the recently completed first phase of successful drilling and for purposes of planning the next phase of drilling while also enhancing the current gold resource model, Kerr has commenced a chip-channel rock sampling program in underground areas proximal to the currently defined resource. Using the extensive underground access totalling over 4,300 meters of development drifts, Kerr geologists have targeted several areas where the current resource is exposed in the workings. As the sampling program continues, further results will be announced as they become available.
In locations proximal to the existing gold resource, chip-channel samples returned high grade gold values. Results are as follows and as seen in Figure 1:
650 elevation 690 elevation* 9.14 grams gold/tonne ("g/t") over 0.61 meters ("m")4.18 g/t over 0.91 m 3.49 g/t over 0.91 m 16.26 g/t over 1.22 m 23.21 g/t over 0.76 m 6.30 g/t over 0.91 m 7.87 g/t over 1.22 m 20.91 g/t over 1.22 m 46.27 g/t over 0.76 m 15.06 g/t over 0.76 m 730 elevation 56.41 g/t over 0.61 m 7.43 g/t over 0.76 m 16.94 g/t over 1.52 m 8.21 g/t over 1.22 m 14.17 g/t over 0.91 m 6.47 g/t over 0.91 m 24.06 g/t over 0.61 m 19.61 g/t over 1.22 m 53.53 g/t over 0.91 m 48.40 g/t over 0.46 m *Including one sample located 3.44 meters away from the existing resource which returned 1.22 m at 4.31 g/t. This sample warrants further investigation by way of sampling and drilling to determine if it represents a potential expansion of the existing resource either by an expansion of the nearby domain or the beginnings of a new domain in the Copperstone Zone.
Giulio T. Bonifacio, Chief Executive Officer stated: "We are very pleased with our initial results which have returned values well above the deposit average of 7.33 g/t. We look forward to the next phase of the program which will utilize a rock saw enabling a greater volume of sample material . Upon completion of this next phase of our sampling program results will be incorporated into the final planning of Phase 2 of our resource expansion drilling program and also the detailed Mine Plan as we move to production."