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 [...]
TORONTO, Jan. 25, 2018 -- Kerr Mines Inc. 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 [...]
Kerr Mines Inc. is pleased to announce further results of its Phase I surface drilling program. KER-17S-21 further extends the Footwall Zone by returning a 36.6 meter drill hole interval with 7.5 g/t gold and 0.26% copper . Phase I of the program continues to confirm significant gold mineralization and increases the confidence in expanding the [...]
Kerr Mines Inc. is pleased to announce the closing of an oversubscribed non brokered private placement . In connection with the placement, the Company will issue 20,371,869 common shares of the Company at a price of $0.30 per Share for total gross proceeds of $6,111,564 . Proceeds exceeded the originally announced target of $5 million due to high [...]
TORONTO, Dec. 5, 2017 /CNW/ - Kerr Mines Inc. is pleased to announce further results of its Phase I drilling program. KER-17U-12 interval of 32.0 feet @ 16.0 g/t Au has been extended by 28.5 feet @ 39.1 g/t Au for a final total interval length of 60.5 feet @ 27.0 g/t Au . Phase I of the program continues to confirm significant gold mineralization [...]
Kerr Mines announces that, further to its November 10, 2017 press release and based on initial subscription results, it intends to complete a non-brokered private placement with proceeds exceeding the originally announced target of $5 million due to high investor interest. Kerr intends to upsize the placement of Shares in the Company at a price of [...]
TORONTO, Nov. 16, 2017 /CNW/ - Kerr Mines Inc. is pleased to announce positive initial metallurgical results including an evaluation into the accretive recovery of copper from gold bearing zones for the upcoming Prefeasibility Study. Highlights Gold recoveries up to 91% Copper present throughout the strike length of the Copperstone Zone [...]
