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TICKERS: KER; KERMF; 7AZ1

New Drill Results Expand Gold Resource, Extend Life of Arizona Mine
News Update

Source:

A Canadian company reported the latest from its expansion underground program at its flagship Arizona project.

Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release that additional drill results from its resource expansion program at its Copperstone gold mine "continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip."

Stepout holes showed higher grades and greater thickness than were expected. Highlight assays came from holes 18-21-06 and 18-21-04:

  • Hole 18-21-06 intersected 16.8 meters (16.8m) at 40 grams per ton (40 g/t) gold, including 3m of 98.3 g/t gold, with a total mining width of 17.9m.
  • Hole 18-21-04 demonstrated 10.7m at 17.5 g/t gold, including 6.1m of 29.5 g/t gold, with a 12m total mining width.

"We continue to be extremely pleased with the drilling results to date, which further expand our current resource while extending mine life at the Copperstone mine," CEO Giulio Bonifacio said in the release.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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