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100% interest in Kerrs gold property; Phase 5 drill program in Q2 2010; NI 43-101 resource estimate Q3 2010; along strike EXS-v recent high-grade (16.6 g/t Au over 12m) discovery

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Message: Kerrs Assays Pending...

Kerrs Assays Pending...

posted on Feb 12, 2009 03:59AM

From latest NR Nov. 19, 2008 re: Kerrs results:

"The company announces initial results from its phase 3 drill program at the Kerrs gold property located on the western shore of Lake Abitibi, northeast of Matheson, Ont. To date, three drill holes (K-08-20, 21 and 17) have been completed totalling 1,576 metres with two additional holes (K-08-18 and 19) totalling approximately 850 metres in progress."

Results table in NR only includes results for K-08-17 (6.43 g/t/4.5 m). Assays are pending. At least K-08-18 and 19 maybe K-08-20 and 21. Remember, we were told shortly after EXS discovery hole last June that Kerrs drilling plans would be altered in light of EXS discovery. We just haven't heard anything on this since. Based on this drill hole map expect upcoming Kerrs results to test the opposite sides of Bell Lake (i.e. K-08-20) and not EXS discovery (further south). Could be wrong. But upcoming results could still be very interesting as they do seem to be onto something at Kerrs. Kerrs used to be SGX #1 property and Nigel has always been very excited about it.

OAK-v has recently raised money and should have more than enough for planned follow-up Spring 2009 drill program at Kerrs as well IMO.

red911

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