Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release additional positive drill results from its Copperstone gold project in Arizona.
Generally, the "results are upgrading and expanding our currently defined resources beyond the various mineralized domains with both high grades and further continuity," CEO Giulio Bonifacio said in the release.
Specifically, drill hole 18-21A-05, an exploration stepout hole, returned an interval of 15.02 grams per ton (15.02 g/t) gold over 1 meter (1m), including 22.4 g/t gold over 3m. The total mining width was 13.1m. These results indicate greater-than-expected zone grade and thickness.
Drill hole 18-04-01, a conversion hole, returned an interval of 15.91 g/t gold over 1m, including 21.02 g/t gold over 4.6m, with a total mining width of 3.2m.
The goal of Kerr's current resource expansion campaign is to increase confidence in the mineral resources and reserves, particularly those of the areas scheduled for the initial three years of production.
Drilling is being done wholly via existing underground access and will cover about 30% of the strike length of the current resource.
To date, Kerr completed 5,000m of its planned 10,000m. Additional results are pending and will be announced when available.
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