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.

"We are very pleased to welcome Ernie Siemoneit a very talented and experienced Alaskan professional engineer to manage and lead the Palmer project to feasibility," commented Constantine President and CEO MacVeigh. "Ernie's broad depth of underground experience at a time that the Palmer project is preparing for underground exploration and feasibility will be of tremendous value to Constantine Mining LLC, a joint venture between Constantine Metal Resources Ltd. and Dowa Metals & Mining Co., Ltd."

Ernie commented, "I am grateful to be chosen by Constantine's upper management team to lead the Palmer Project in the current feasibility process. As an Alaskan, former commercial fisherman and miner, I understand the need for planning and conducting ourselves in a way that delivers best practices for work safety, community understanding, and environmental protection. Great teamwork and communication effort are required to build on past experience and make the Palmer project a success. I look forward to being a major part of this exciting and challenging process over the next several years."

About Palmer

Palmer is a high-grade volcanogenic massive sulphide-sulphate ("VMS") project located in a very accessible part of coastal Southeast Alaska, with road access to the Project and within 60 kilometers of the year-round deep-sea port of Haines.

In 2019, the Company reported a positive Preliminary Economic Assessment ("2019 PEA") for the Project with a post-tax NPV7% of US$266 million (see Company news release dated June 3rd, 2019). The 2019 PEA was amended, and replaced by, a technical report dated March 7, 2022, and entitled "Amended NI 43-101 Technical Report Palmer Project Alaska, USA" (the "Amended PEA") and filed on SEDAR (www.sedar.com) on March 11, 2022 (see March 11, 2022 news release). The Amended PEA outlined the potential for a low capex, low operating cost, high margin underground mining operation with attractive environmental attributes. Metal prices used were copper at $2.82/lb, zinc at $1.22/lb, silver at $16.26/oz, gold at $1,296/oz, and barite at $220/tonne.

The Amended PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that Amended PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Exploration work at Palmer has outlined 4.68 million tonnes of indicated resources grading 5.23 % zinc,1.49 % copper, 30.0 g/t silver, 0.30 g/t gold and 9.6 million tonnes of inferred resources grading 4.95 % zinc, 0.59 % copper, 69.3 g/t silver, 0.39 g/t gold1. VMS deposits are known to occur in clusters, and with at least twenty-five separate base metal and/or barite occurrences and prospects on the Project, there is abundant potential for discovery of multiple deposits.

Qualified Person Statement

The technical information in this news release has been reviewed and approved by Michael Vande Guchte, P.Geo., VP Exploration for Constantine Metal Resources Ltd. and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About the Company

Constantine is a mineral exploration company led by an experienced and proven technical team with a focus on the Palmer copper-zinc-silver-gold-barite project being advanced as a joint venture between Constantine and Dowa Metals & Mining Co., Ltd., with Constantine as operator.

In 2019, Constantine successfully spun-out its gold assets into HighGold Mining Inc. that included the high-grade Johnson Tract project in south-central Alaska and the Munro-Croesus Gold property which is renowned for its high-grade mineralization in the Timmins area, Ontario.

In 2020, the 100% owned Big Nugget Gold project, located 8 kilometers east of our flagship Palmer Project, was recognized as a potential gold lode source area, immediately upstream from the historic Porcupine Gold Placer operations and is an attractive drill target opportunity.

In 2021, Constantine announced the acquisition of the Bouse Cu-Au Property in southwest Arizona and the Hornet Creek Cu-Au property in west-central Idaho, and earlier this year announced the acquisition of the Yuma King Cu-Au property in southeast Arizona.

Management is committed to providing shareholder value through discovery, meaningful community engagement, environmental stewardship, and responsible mineral exploration and development activities that support local jobs and businesses.

Please visit the Company's website (www.constantinemetals.com) for more detailed company and project information.

On Behalf of Constantine Metal Resources Ltd.

"Garfield MacVeigh"

President

For further information please contact:
Garfield MacVeigh, President or Michael Vande Guchte, VP Exploration
Phone: 604-629-2348. Email: info@constantinemetals.com

1 For details of the mineral resource estimate for the Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the mineral resource, please refer to the technical report entitled "NI 43-101 Technical Report and Updated Resource Estimate to include the AG Zone for the Palmer Exploration Project" dated effective December 18, 2018 (the "Palmer Technical Report"). The Palmer Technical Report is available on the Company's issuer profile on SEDAR at www.sedar.com.Mineral resources as reported are undiluted. Mineral resource tonnages have been rounded to reflect the precision of the estimate. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.

Notes:

Forward looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements")." Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the appointment of Ernst Siemoneit, future underground exploration preparation and feasibility of the Palmer Project.. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include availability of contractors, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126562

News Provided by Newsfile via QuoteMedia

CEM:CA
The Conversation (0)
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:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Constantine Announces Advertising and Investor Awareness Program and Shares Issued for Financial Advisory Services

Constantine Announces Advertising and Investor Awareness Program and Shares Issued for Financial Advisory Services

Constantine Metal Resources Ltd. (TSXV: CEM) (OTCQX: CNSNF) ("Constantine" or the "Company") announces that it has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN").

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. During the 12 month term of the agreement, which expires at the end of August 2022, INN will provide advertising to increase awareness of the Company. Under the terms of the agreement with INN, the Company has agreed to pay INN $36,000 for the campaign, payable in cash in four quarterly installments of $9,000 each. The agreement is subject to TSXV acceptance. INN is at arms-length from the Company and has confirmed that it does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Grid Battery Exploration Team begins work on its Clayton Valley Lithium Project

Grid Battery Exploration Team begins work on its Clayton Valley Lithium Project

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - March 28, 2024 - Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV: CELL, OTCQB: EVKRF FRA: NMK2) is pleased announce that our 2024 Exploration Program has officially started on its Clayton Valley Lithium Project. The 2024 Exploration Program will begin with a Magnetotelluric (MT) geophysics survey performed by the KLM Geoscience ("KLM") as overseen by Grid's Qualified Professional, Mr. Steven McMillin P.G..

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Ramp Metals Provides Exploration Update and Announces Drilling Campaign

Ramp Metals Provides Exploration Update and Announces Drilling Campaign

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to provide an update on the Company's exploration activities, including a drilling program at its flagship Rottenstone SW property.

Key Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
1844 Closes Non-Brokered Private Placement of Units

1844 Closes Non-Brokered Private Placement of Units

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844"), is pleased to announce it has closed its previously announced non-brokered private placement of units (each, a "Unit"). At closing, the Company issued 14,117,500 Units at a price of $0.02 per Unit for aggregate gross proceeds of $282,350 (the "Unit Offering").

Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.05 for a period of 36 months following closing of the Unit Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Osisko Metals Grants Stock Options

Osisko Metals Grants Stock Options

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) wishes to announce that the Company's Board of Directors have approved the grant of incentive stock options to directors, officers, employees and consultants to purchase up to an aggregate of 1,935,000 common shares in the capital stock of the Company. Grants are subject to a three-year vesting period and a five-year term at an exercise price of $0.155 per share.

About Osisko Metals

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD ANNOUNCES METALLURGICAL PROGRAM AND ASSOCIATED DRILL RESULTS

WESTERN COPPER AND GOLD ANNOUNCES METALLURGICAL PROGRAM AND ASSOCIATED DRILL RESULTS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces the launching of a metallurgical testing program (the "Metallurgical Program") for its wholly-owned Casino Copper-Gold Project (" Casino "). Fifteen composite samples were prepared from core acquired in 2023 (the "Drill Program"). Western's Technical and Sustainability Committee, comprised of members from Western, Rio Tinto Canada Inc. and Mitsubishi Materials Corporation, prepared the Drill and Metallurgical Programs.

Drill Program

The 2023 Drill Program consisted of seven holes for 2,244 m ranging from 130 m to 556 m in length. The drill holes were located inside the current pit boundaries and were selected to provide a range of grades, host rocks, and mineralogy for the Metallurgical Program (see Figure 1). The drill holes were also selected to convert indicated resource to measured.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Aston Bay and American West Metals Announce Geophysical Program Set to Begin at the Storm Copper Project, Canada

Aston Bay and American West Metals Announce Geophysical Program Set to Begin at the Storm Copper Project, Canada

Geophysical program designed to deliver a pipeline of priority drill targets for new copper discoveries

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to provide details on the upcoming geophysical surveys and exploration program at the Storm Copper Project ("Storm" or the "Project") on Somerset Island, Nunavut. The program will be conducted by American West Metals Limited ("American West"), who is the operator of the Project. American West has completed the required expenditures to earn an undivided 80% interest in the Project. American West will be solely responsible for funding the program

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×