Jul 7 2016
Constantine Metal Resources Ltd. is pleased to announce start of the 2016 drill program at the Palmer copper-zinc-silver-gold Project in Southeast Alaska. The work is part of a US$3.7 million budget for 2016 that is funded by partner Dowa Metals & Mining Co., Ltd..
This year's exploration program is starting by drilling several high quality VMS targets outboard of the known mineral deposit. Principal targets for the 1700 meter first phase drill program include:
- An untested zone of intense VMS footwall style alteration exposed in a creek drainage approximately 1000 meters on strike and east of the mineral resource
- Depth and strike extensions of silver-rich massive barite sulphide mineralization at the Cap prospect where limited historic drilling has intersected 134 g/t silver over 23.2 meters and 31 g/t silver over 90.6 meters; Cap is one of several stratigraphically linked prospects that define a hydrothermal system of comparable scale to the RW-South Wall resource area that is located 2500 meters to the northeast
- A strong conductor anomaly identified by geophysical surveys in 2015 that is supported by the presence of mineralized boulders grading up to 16.1% zinc and 13.2 g/t silver, located 1000 meters to the north of the mineral resource
Garfield MacVeigh, President and CEO, states, "We are excited to be stepping out beyond the immediate resource and begin testing other high-quality prospects that surround the known deposit. The new exploration drilling will occur in parallel with important advanced exploration work that is focused on evaluating the high-grade RW and South Wall resources that are open to expansion in multiple directions."
The 2016 field program includes environmental, hydrogeology and engineering studies in support of the ongoing evaluation of the inferred mineral resource required for the next steps to advance the project. Work in 2016 will also include road construction and the completion of several geotechnical drill holes.
Source: http://www.constantinemetals.com/