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.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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