Mining News: Constantine expands high-grade discovery, drill program at Palmer

Constantine Metal Resources Ltd. Aug. 17 reported additional long, high-grade intercepts from exploration drilling at the Nunatak AG zone, a volcanogenic massive sulfide discovery located about 3,000 meters south of the South Wall-RW deposit at the Palmer project in Southeast Alaska. The discovery hole at Nunatak AG, reported in July, cut 9.2 meters of massive barite-sulfide averaging 312 grams per metric ton silver and 0.9 g/t gold. CMR17-92, drilled about 140 meters south of the discovery hole, cut 17.8 meters grading 11.7 percent zinc, 0.2 percent copper, 6.3 g/t silver and 0.2 g/t gold; and 6.7 meters grading 5.7 percent zinc, 2.2 percent lead, 30 g/t silver, 0.2 g/t gold. CMR17-94, drilled 50 meters from hole 92, cut 24.6 meters grading 260 g/t (8.3 ounces per ton) silver , 0.5 g/t gold, 1.4 percent zinc and 0.5 percent lead; including a 10.3-meter section averaging 461 g/t (14.7 opt) silver, 0.9 g/t gold, 2 percent zinc and 0.7 percent lead. The fourth hole drilled at Nunatak AG, CMR17-96, cut 20.4 meters grading 9.9 percent zinc, 0.2 percent copper, 14.4 g/t silver and 0.1 g/t gold. So far, drilling has traced mineralization at Nunatak over a 180- by 50-meter area and to a depth of about 200 meters. Garfield MacVeigh, President, states “The initial four holes released for the AG Zone discovery have defined a significant new zone of mineralization that is wide open to expansion,” said Constantine President and CEO Garfield MacVeigh. “While it is very early days in our exploration of the AG Zone, the length, grade and broad area of the drill intersections in combination with the scale and intensity of hydrothermal alteration indicate excellent potential for a sizeable deposit. The discovery is a major new development for the Palmer project and we look forward to the results of ongoing exploration drilling.” Given the success at Nunatak AG, Constantine and its Palmer partner, Dowa Metals & Mining, has expanded the 2017 drill program at Palmer to 10,000 meters.

–SHANE LASLEY