Gold

Gold Firm’s Metallurgical Check Outcomes Counsel Elevated Mine Profitability

Kerr Mines Inc. (KER: TSX; KERMF: OTC; 7AZ1: FRA) introduced in a press launch that it recovered 97% of gold throughout metallurgical testing at its Copperstone mine, in Arizona. This compares to the 95% obtained within the outcomes of its pre-feasibility examine performed in 2018

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The exams additionally lowered the consumption of reagent from 1.5 to 2 grams per ton milled in comparison with 2 grams per milled ton. The brand new degree of restoration and lowered reagent consumption are anticipated to "considerably" improve mine profitability and shareholder returns, the assertion mentioned.

Latest metallurgical exams have additionally lowered the price of milling to $ 2 per ton, as a substitute of $ 2.50 per ton.

Total, the outcomes "additional verify and strengthen the financial facets of the Copperstone mine, as beforehand revealed in 2018," mentioned President Martin Kostuik within the assertion. "Larger gold recoveries and decrease gas prices will additional improve the profitability and earnings of our stakeholders." As we proceed our efforts to increase the lifetime of the mine, these outcomes will add worth. on the Copperstone mine. "

Kerr will proceed its efforts to additional develop the mine and advance the mine to manufacturing, the corporate mentioned.

As well as, the corporate will take part within the subsequent annual assembly of the Prospectors and Builders Affiliation of Canada.

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