By The Gold Report
Source: Streetwise Reports 02/28/2019
These new findings at the high-grade gold project are improved over last year’s.
Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release it achieved gold recoveries of 97% during metallurgical testing at its Copperstone mine in Arizona. This compares to the 95% achieved in its 2018 prefeasibility study results.
Testing also resulted in lower reagent consumption, of 1.52 gram per ton milled versus 2 grams per ton milled. The new recovery level and reduced reagent consumption should “significantly” increase the mine’s profitability and shareholder returns, the release noted.
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Also achieved through recent metallurgical testing is lowering of the milling cost to $2 per ton from $2.50 per ton.
Overall, the results “confirm and further enhance the economics of the Copperstone mine, as previously published in 2018,” said President Martin Kostuik in the release. “Stronger gold recoveries and lower consumption costs will further increase profitability and returns for our stakeholders. As we continue to work towards mine life extension, these results will add considerable value to the Copperstone Mine.”
Kerr will continue working to further derisk and advance the mine toward production, the company stated.
Also of note, the company will participate in the upcoming annual meeting of the Prospectors and Developers Association of Canada.
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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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( Companies Mentioned: KER:TSX; KERMF:OTC; 7AZ1:FRA,