The company said the project has indicated resource of 4,677,000 tonnes grading 11.67 percent zinc equivalent or 3.84 percent copper equivalent.
Constantine Metal Resources (TSXV:CEM) has announced an updated mineral resource estimate for the Palmer copper-zinc-gold-silver deposit, located in a very accessible area of coastal Southeast Alaska.
A separate maiden resource for the nearby AG Zone discovery has been deferred until later this year to include recent 2018 drill results that have significantly expanded the extent of this new area of mineralization first identified in 2017.
As highlighted in the press release:
- Indicated resource of 4,677,000 tonnes grading 11.67 percent zinc equivalent (3.84 percent copper equivalent). This represents the first indicated resource for Palmer, and accounts for 47 percent of the total resource.
- Inferred resource of 5,338,000 tonnes grading 9.90 percent zinc equivalent (3.26 percent copper equivalent). This includes the addition of new areas of Inferred resource totalling 1.89 million tonnes, for a total tonnage increase of 23 percent.
- First resource to report barite mineralization for the Palmer deposit, highlighting the opportunity for barite to contribute value as an industrial mineral co-product.