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.
Read what other experts are saying about:
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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Kerr Mines. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Kerr Mines. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Kerr Mines, a company mentioned in this article.