March 27, 2014 10:01 ET
TORONTO, ONTARIO--(Marketwired - March 27, 2014) - Kerr Mines Inc. (TSX:KER) (the "Company") announces the commencement of a 6,000-metre underground exploration drill program on the McGarry Deposit in Larder Lake. The Company has retained the services of Cabo Drilling of Kirkland Lake who have mobilized to site in Virginiatown, Ontario. The Company is currently conducting an advanced underground exploration program on the McGarry Deposit which consists of infill drilling and test mining.
Exploration targets for this exploration program include former gold showings such as the Armistice Mill zone located to the south of the McGarry mine workings. This drill program will be using the 2,250 foot level of the McGarry Mine as a drilling platform to test these targets at depth. Little exploration has been conducted outside the main mine trend, yet these areas are known hosts to numerous historical gold showings. Results of the drilling will be announced upon completion of the program and receipt of the final assays.
The technical aspects of this press release have been reviewed and approved by David Beilhartz, Vice-President, Exploration and the "Qualified Person", as defined by National Instrument 43-101, for the Company.
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.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Kerr Mines Inc.Greg GibsonPresident and CEOggibson@kerrmines.com
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