Constantine Metal Resources (TSX Venture:CEM) (“Constantine” or the “Company”) is pleased to announce commencement of a 7000 meter program with two drills at the Palmer Joint Venture Project, Alaska (“Palmer” or “Project”) as part of a US$ 7.0 million total budget.
Palmer is a high-grade volcanogenic massive sulphide (VMS) project, with an Inferred Mineral Resource of 8.1 million tonnes grading 1.41% copper, 5.25% zinc, 0.32 g/t gold and 31.7 g/t silver*.
The majority of 2017 drilling is dedicated to discovery of new mineral deposits. The balance is for expansion and upgrade of the existing South Wall-RW Zone resource, and geotechnical studies.
Palmer is host to numerous high-quality prospects with large hydrothermal alteration zones and high-grade base and precious metal mineralization exposed at surface – most of which have never been drilled. Property-wide airborne electromagnetic geophysical surveying, geological mapping and prospecting work are also included in the summer exploration plans.
Priority exploration targets include the Cap, Nunatak, HG, and JAG prospects that collectively define a several kilometers long, stratigraphically linked corridor of mineralization that is parallel to the South Wall–RW Zone trend.
It is anticipated that the airborne geophysical survey, which is scheduled to start mid to late June, will contribute to the property-wide drill targeting.