Jun 4 2015
Constantine Metal Resources Ltd. is pleased to announce that field crews have mobilized for the 2015 drill program at the Palmer copper-zinc-silver-gold Project in Southeast Alaska. The work is part of a US$5 million budget for 2015, funded by partner Dowa Metals & Mining Co., Ltd..
The program plans for approximately 6,000 meters of diamond drilling, to be completed with two drill rigs. Drilling will be focused on resource growth, with holes targeting the lower elevations of the recently updated, and significantly expanded, Inferred Mineral Resource - 8.1 million tonnes grading 1.41% copper, 5.25% zinc, 0.32 g/t gold and 31.7 g/t silver (see news release dated May 11, 2015*).
The resource is open to expansion in most areas, with the thickest part of the deposit located at the current down dip limit of the South Wall Zone ("SW"). The thickening trend of the deposit in this direction, combined with mineral zoning and borehole geophysical data, support the potential for a copper-rich core zone within the Lower Offset target, located below the Kudo fault. This target, and the open strike extensions of the thick SW EM Zone resource, represent the priority target areas for the 2015 drill program (Figure 1). Other work planned for the 2015 season includes borehole geophysical surveys, and environmental and geotechnical studies.
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/1010707-F1.pdf.
Topographic relief at the project provides opportunity to drill target areas from surface with shorter length holes. Drill hole length to reach the planned 2015 targets ranges from 400 to 800 meters, with the Lower Offset target at the approximate elevation of valley bottom. Drills for the 2015 program are being mobilized from a new road and laydown yard constructed in 2014. Photographs of program start-up are available at www.constantinemetals.com/projects/palmer/.