Gold

Constantine Metal Resources Ltd.(TSXV:CEM) is actively advancing the Palmer copper-zinc-silver-gold-barite project with its joint venture partner, Dowa Metals & Mining Co. Ltd (“Dowa”) where Constantine is the project operator and US $60 million has been spent to date. The Dowa – Constantine partnership was initiated in 2013 and has moved the project to a positive Preliminary Economic Assessment (PEA) in 2019.

The Palmer property is located in southeast Alaska within a premiere mineral belt that is home to Greens Creek (Hecla Mining), a producing, very high grade, Ag-Zn-Au-Pb mine, the Kensington Gold Mine (Coeur Mining), and the giant world-class Windy Craggy Cu-Zn-Au-Ag deposit. Palmer, Green’s Creek and Windy Craggy are volcanogenic massive sulphide (VMS) deposits that all occur in the same age rocks.

Constantine Metal Resources’ Company Highlights

  • Constantine Metal Resources (TSXV:CEM) is a base and precious metal exploration company focused on mining at premier locations in North America.
  • The Company is led by a strong management team, providing decades of mining and international business experience
  • The flagship Palmer copper-zinc-silver-gold-barite project in southeast Alaska is strategic joint venture with Dowa Metals & Mining, the largest zinc smelting company in Japan that de-risks the project and holds the off-take rights for 100% of the zinc concentrate at arm’s length commercial terms.
  • The Palmer project is 60 kilometers by road from a deep seaport, and a local workforce.
  • The property has favorable geology for responsible mine design: (1) underground (2) small footprint (3) abundance of carbonate-rich, environmentally benign host rocks. A unique low-sulphide VMS with more barite than pyrite (actually a sulphide-sulphate deposit)
  • The deposit is twenty-five weight percent barite that is environmentally inert and has favourable metallurgy to produce by-product drilling muds for the oil and gas industry.
  • A 2019, a preliminary economic assessment (PEA) of the project estimates a US$266M after-tax NPV7% at more conservative prices than today and presents a low capex, low operating cost, high margin underground mining operation with attractive environmental attributes. Substituting today’s metal prices at $4.50 copper, $1.40 zinc, $23 silver and $1750 gold, increases the NPV7% significantly.
  • In September 2019, Constantine successfully spun-out its gold assets into HighGold Mining Inc. (TSXV: HIGH) where shareholders received 1 HighGold share for every 3 Constantine shares held. The properties included the high-grade Johnson Tract gold project in south-central Alaska and the Munro-Croesus gold property which is renowned for its high-grade mineralization in the Timmins area, Ontario. Currently, HighGold has a market cap of approximately $100 million.
  • More recently, the 100% owned Big Nugget Gold project, located 8 kilometers east of the Palmer Project, was recognized as a potential gold lode source area, immediately upstream from the +80,000 ounce gold Porcupine Placer operations; and in May 2021, Constantine announced the acquisition of the Bouse Cu-Au Property in southwest Arizona, that will be explored for its copper-gold potential.
CEM:CA
Constantine Announces Palmer Project Manager/Senior Engineer for the Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska

Constantine Announces Palmer Project Manager/Senior Engineer for the Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska

Constantine Metal Resources Ltd. (TSXV: CEM) ("Constantine" or the "Company") is pleased to announce the appointment of Ernst (Ernie) Siemoneit to the position of Palmer Project ManagerSenior Engineer for the Palmer copper-zinc-silver-gold project in Southeast Alaska.

Ernie is based in Fairbanks, Alaska and brings over 30 years of combined experience in management, mining engineering and operations with deep knowledge of underground mine design, engineering support, mine system reporting and continuous improvement processes. His experience includes managing technical and financial teams, contractors for mine engineering, underground development, mine construction, facilities commissioning, pre-production development and production ramp-up. Ernie was most recently the Chief Mining Engineer at the Pogo Gold Mine ("Pogo") located east-southeast of Fairbanks, Alaska with Northern Star Resources. At Pogo, he led a site projects team of four engineers supporting improvements and expansion of the Pogo Mine to a 300,000 ounce per year gold producer.

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Constantine Announces US $18 Million Budget for 2022 Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska

Constantine Announces US $18 Million Budget for 2022 Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska

Constantine Metal Resources Ltd. (TSXV: CEM) ("Constantine" or the "Company") is pleased to announce plans for the Palmer Project located in Southeast Alaska ("Palmer" or "Project"). A budget of US $17.98 million for the 2022 work program (the "2022 Program") has been approved by Constantine Mining LLC ("Constantine Mining"), which includes plans for a surface exploration drilling program, continuing baseline environmental work and preparation for the development of an underground incline (ramp) for future exploration and definition drilling.

The multi-purpose 2022 Program focuses on construction preparations for the initiation of an underground exploration program, expected to start in mid 2023. The major items in the program include:

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Constantine Files Amended NI 43-101 Technical Report for Preliminary Economic Assessment on Palmer Project, Southeast Alaska

Constantine Files Amended NI 43-101 Technical Report for Preliminary Economic Assessment on Palmer Project, Southeast Alaska

Constantine Metal Resources Ltd. (TSXV: CEM) ("Constantine" or the "Company") announces the filing of an amended technical report titled Amended NI 43-101 Technical Report Palmer Project Alaska, USA ("the Amended Technical Report") dated March 7, 2022 on SEDAR at www.sedar.com.

The Amended Technical Report has been filed as a result of a Technical Disclosure Review by the British Columbia Securities Commission (the "BCSC"). Pursuant to the review, the Company reorganized and added additional information to the original report with additional Qualified Persons (QP) disclosure to ensure compliance with National Instrument ("NI") 43-101. The Amended Technical Report does not change the accompanying mineral resource estimates, economic analysis, conclusions, and recommendations provided in the original report dated July 18, 2019, for the Palmer Project.

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Constantine Acquires Option on Yuma King Copper-Gold Property in Southwest Arizona

Constantine Acquires Option on Yuma King Copper-Gold Property in Southwest Arizona

Constantine Metal Resources Ltd. (TSXV: CEM) ("Constantine" or the "Company") is pleased to announce that it has signed a binding letter agreement (the "Agreement") to acquire an undivided 100% interest in the Yuma King Copper-Gold property (the "Property") consisting of 295 federal mining claims (3905 hectares). The Property represents a portion of the total 495 claim Yuma King property, located in La Paz County Arizona, USA. Constantine retains the right to a 50% interest in any agreement on the remaining 200 claim portion of the Yuma King property subject to certain obligations.

The Property is located 93 miles (153 kilometers) northwest of Phoenix, Arizona and about 20 miles (32 kilometers) southeast of Constantine's previously announced Bouse Cu-Au property acquisition. The principal exploration targets are the Yuma Mine copper-gold skarn mineralization and copper-molybdenum porphyry style mineralization, associated with phases of an early Jurassic porphyry system. An early Jurassic rhenium-osmium molybdenite age date at Yuma King indicates a similar age to the Bisbee porphyry copper and skarn deposit in SE Arizona (S. Keith, MagmaChem Exploration Inc, personal communication).

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Constantine Named to 2022 OTCQX Best 50

Constantine Named to 2022 OTCQX Best 50

Constantine Metal Resources Ltd. (TSXV: CEM) (OTCQX: CNSNF) ("Constantine" or the "Company") is pleased to announce it has been named to the 2022 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year, achieving second place in the prestigious rankings from a list of over 500 companies.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2022 OTCQX Best 50 were ranked based on their performance in 2021.

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Spruce Ridge Completes Airborne Survey over "Foggy Pond" Gold Property

(TheNewswire)

Spruce Ridge Resources Ltd

The newly acquired claims cover a large, previously unexplored area underlain by Lower Paleozoic siliciclastic rocks, similar to those hosting recently discovered gold deposits on the Queensway Project of New Found Gold Corp. and the Moosehead Project of Sokoman Minerals Corp. Re-interpretation of province-wide airborne magnetic data has indicated previously undocumented structural complexity, including a regional-scale fold and possible crustal-scale fault structures like the structures that are now known to localize gold mineralization in Central Newfoundland. The fold feature may cause the mineralized horizon containing the Great Burnt copper deposit and the South Pond gold and copper-gold zones to be repeated on a western limb. Local magnetic anomalies have been interpreted as possible ophiolite slivers along a northeast-trending structure that may be like the GRUB line crossing New Found Gold's property.

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Spruce Ridge Begins Magnetic Gradiometer Survey Over Recently Acquired Property in Newfoundland

(TheNewswire)

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Updated Nifty Copper Mineral Resource Estimate

Cyprium Metals Limited (ASX: CYM) (“Cyprium” or the “Company”) is pleased to announce the Company’s maiden Mineral Resource estimate (MRE) for the Nifty copper deposit following the completion of the acquisition of the Paterson Copper Project in March 2021. Cyprium’s previously disclosed estimate for Nifty was based on a review of the estimate disclosed by the former owner of the project at 31 December 2019.

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Spruce Ridge Announces Completion of Dividend-in-kind of Shares of Canada Nickel Company

(TheNewswire)

Spruce Ridge Resources Ltd

Immediately prior to the completion of the Dividend, Spruce Ridge held, directly or indirectly, 8,100,000 CNC Shares, representing on a non-diluted and partially diluted basis approximately 9.15% of the CNC Shares then issued and outstanding.  Following the completion of the Dividend, Spruce Ridge held, directly or indirectly, 5,594,995 CNC Shares, representing on a non-diluted and partially diluted basis approximately 6.33% of the CNC Shares then issued and outstanding. As such, Spruce Ridge is no longer an insider of Canada Nickel Company under applicable securities laws.

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Black Swan Restart Project Update

Poseidon Nickel (ASX: POS) (“Poseidon”, “the Company”)is pleased to provide its first update on the Black Swan 1.1Mtpa “Fill the Mill” project and the Bankable Feasibility Study process.

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Drilling Underway At Vranso Project, Burkina Faso

Arrow Minerals Limited (Arrow or the Company) is pleased to report a 6,000m reverse circulation (RC) drilling programme has commenced at the Vranso Project, Burkina Faso.

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