Kerr Mines Inc. 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 [...]
Kerr Mines Inc. is pleased to announce that the Phase II Resource Expansion Program will begin mid- January, 2019 at the Copperstone Mine located in Arizona, USA. In addition, Kerr is progressing with environmental and operating permit modifications and continuing with advanced metallurgical testwork. Highlights: [...]
Kerr Mines Inc. is pleased to announce that shareholders voted in favour of all resolutions presented in its management information circular at the annual meeting held on December 20, 2018. A total of 58,273,657 common shares were voted at the Meeting, representing 22.78% of the votes attached to all outstanding common shares and voting results are [...]
Kerr Mines Inc. announces that it has closed a non-brokered private placement raising gross proceeds of $2,973,517 . The Offering, previously announced on November 9, 2018, targeted proceeds of $2.5 million, which was oversubscribed. Furthermore, the Company has closed the US$2 million senior secured convertible note financing with Sprott Private [...]
Kerr Mines Inc. announces that it intends to complete a private placement offering of approximately 17,857,143 units of the Company at a price of $0.14 for gross proceeds of $2.5 million . The Company will use the net proceeds from the Offering along with the funding from the financing facility provided by Sprott Resource Lending, see Press Release [...]
Kerr Mines Inc. is pleased to announce it has received investment committee approval from and executed a term sheet with Sprott Private Resource Lending LP , setting out the indicative terms upon which Sprott is prepared, subject to certain conditions including satisfactory due diligence, to provide up to US$25 million of senior secured project [...]
Kerr Mines Inc. is pleased to announce that the Company has divested all of its interest in the McGarry Mine and Barber-Larder Properties to McGarry-Larder Mines Inc., a wholly owned subsidiary of Orefinders Resources Inc., . Kerr shall receive 8,000,000 common shares, approximately 9.0%, of Orefinders outstanding share capital, in addition, the [...]
TORONTO, July 18, 2018 -- Kerr Mines Inc. is pleased to announce that it has signed a Letter of Intent with Pandion Mine Finance, LLC for US$27.6 million to fund the development and production of gold at the Copperstone Mine by Q4 2019. The financing is subject to the execution of a Prepaid Forward Gold Agreement , with an anticipated initial [...]
TORONTO, May 30, 2018 -- Kerr Mines Inc. is pleased to announce the appointment of Mr. David Thomas as Vice President of Projects and Copperstone Mine General Manager. This key addition to the Kerr Mines executive management team is central to the Company’s core strategy of moving into production in 2019. Mr. Thomas is an Engineer with over [...]
TORONTO, April 10, 2018 -- Kerr Mines Inc. is pleased to announce the results of the independent Pre-Feasibility study and resource update prepared by Hard Rock Consulting, LLC in accordance with National Instrument 43-101 for its past producing Copperstone Mine in Arizona, USA. On the momentum of a very successful 2017 Phase I exploration program [...]
TORONTO, March 02, 2018 -- Kerr Mines Inc. is pleased to announce that, following the successful 2017 Phase I exploration program in the Copperstone and Footwall zones, the Company is continuing with a 15,000 meter 2018 Phase II program with the objective to expand the mineral resource. The 2017 Phase I program confirmed significant gold [...]
TORONTO, Feb. 21, 2018 -- Kerr Mines Inc. is pleased to announce final results of its Phase I underground drilling program. KER-17U-50 further extends the Copperstone Zone by returning a 7.3 meter drill hole interval with 102.7 g/t gold . This conclusion of Phase I of the underground program confirms significant gold mineralization and increases [...]