Constantine Metal Resources Ltd. (TSXV:CEM) is pleased to report results for the first two holes of a 10,000 meter drill program on its Palmer VMS Project, Alaska. The initial 2014 drilling has intersected a thick lens of high-grade massive sulphide 150 meters down dip of the lower edge of the South Wall Zone.
According to the company’s press release:
Drillhole CMR14-54 returned 22.1 meters grading 2.48 percent copper, 4.05 percent zinc, 24.0 grams per tonne silver and 0.39 grams per tonne gold. The intersection represents a major expansion of the zone to depth (see Long Section Figure 1 and Cross Section Figure 2:http://media3.marketwire.com/docs/958670_FIGURES.pdf). The hole was designed to test a large conductive plate modeled from downhole geophysical data that is located on projection southwest and downdip of the existing deposit. CMR14-54 confirms that the conductive plate is associated with massive sulphide as shown on the long section, and when combined with the width, copper-rich grade and character of the mineralization observed, suggests excellent potential to significantly expand the South Wall Zone. South Wall mineralization has now been defined over a vertical distance of over 600 meters, and remains open to expansion at depth and along strike.
Garfield MacVeigh, President and CEO commented:
This is an exciting development. Hole CMR14-54 not only expands the footprint of the South Wall zones but opens up the opportunity for considerable further expansion and will be a focus for ongoing drilling. The thickness and high copper content associated with a large conductive target enhances the potential around this new area.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|