TORONTO, June 13, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTCQB: KERMF, FRA: 7AZ1) is pleased to announce the addition of Michael R. Smith as a technical advisor of Exploration and Geology.
"With his extensive experience and intimate knowledge of Arizona geology, Mr. Smith's addition to our team will help formulate and execute the forthcoming 2017 Copperstone Exploration Program," said Martin Kostuik, President Kerr Mines. "During his 38-year career, Mr. Smith developed expertise in exploration program conceptualization and management, design of QA/QC programs, interpretive geology, block modeling and ore reserve estimations. He has been involved in several producing mines in many aspects, including the design and implementation of ore control systems, which will be invaluable to Kerr Mines as we advance the Copperstone Mine towards a production decision."
Mr. Smith is a Registered Geologist (Registered Member: Society for Mining, Metallurgy & Exploration), a Magna Cum Laude Graduate from Arizona State University, BS, Geology and holds an MS, Geology from Mackay School of Mines, University of Nevada. Mr. Smith is currently President of Monarca Minerals, an exploration and development company focused on gold and silver deposits in Mexico. Previously, in Arizona, Mr. Smith brought the former producing Vulture Gold Mine back into production, was President and CEO of Oremex Silver and Platte River Resources (both in Mexico) and Continental Gold (Colombia). Prior to that, he spent 12 years working in the Southwestern USA for companies such as Alta Gold and Conoco Minerals, and helped bring the Barrick Goldstrike Mine from concept into full production as Chief Mine Geologist. His experience spans Mexico, South America and, notably, the Southwestern USA and in particular Arizona.
About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 12,000 acre land package which includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines' business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE Kerr Mines Inc.
For further information: Fiona Grant Leydier, Investor Relations, [email protected], 416.848.9851