Constantine Starts Road Construction at Its Palmer Copper-Zinc-Silver-Gold Project, Alaska
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Constantine Metal Resources Ltd. has started road construction and provided an update on work programs at the Palmer VMS Project, Alaska.
Construction on a road that will provide access to the deposit area has commenced following a record of decision received August 18 from the Bureau of Land Management (BLM). An environmental assessment completed by BLM resulted in a finding of no significant impacts, with Constantine authorized to conduct expanded exploration activities of up to 40 acres.
“A road to the mineral resource at Palmer is a major advancement for the project. It improves our ability to conduct ongoing exploration, environmental and geotechnical work, reduces dependency on helicopter, and enhances the safety of our employees. It also highlights the excellent location and access of the project, which is 40 miles by paved highway and logging road to the deep sea port town of Haines. Permit approvals are the culmination of a rigorous environmental review process,” said Garfield MacVeigh, president and CEO of Constantine.
“We thank the many community members who offered their support and assistance and acknowledge the thoroughness and professionalism of the regulatory agencies involved in our permitting process,” added MacVeigh.
2016 WORK PROGRAM UPDATE
• The 2016 summer drill program is now complete. Drilling included four reconnaissance exploration holes (1465 m) and three geotechnical holes (502 m) for a combined total of 1967 meters, with assays now received for three of the four exploration holes.
• Highlights include a 20.5 meter thick zone of chert and semi-massive pyrite intersected at the CAP prospect. The intersection, which is anomalous in silver and other pathfinder elements, is geologically significant. At the South Wall and RW zones, located 2500 meters to the northeast, chert grades laterally into high-grade massive sulphide, and similar zoning is predicted at CAP. The thickness of the chert horizon at CAP, which occurs at the contact between overlying argillite and altered footwall volcanics, suggests good potential for a well-developed massive sulphide system within the immediate area. The limited 2016 drilling provides an important vector to the potential massive sulphide component of the CAP prospect for follow-up drilling.
• Analysis by a recognized, independent structural geologist has provided new insight into the direction and sense of displacement of fault structures identified in the 2015 down-dip resource drilling that intersect and offset the lowermost portion of the South Wall zone. The work included review of the fault and adjacent rocks in drill core and on surface, and has produced new drill targets to test for extensions of the deposit.
• Mapping and rock and soil sampling programs were completed at several areas throughout the property with the objective of advancing prospects to the drill stage. Results of this work will be summarized following receipt of assays, all of which remain outstanding at this time.
• Significant new environmental and geotechnical data was collected over the course of the summer exploration program. This includes hydrogeology, water quality, aquatic resources, wildlife, rock geochemistry, rock and soil geotechnical engineering, and natural hazard assessments. These studies support the ongoing evaluation of the inferred mineral resource.
A more comprehensive summary of exploration results will be provided pending receipt of assay data for all drill holes and surface samples.
About Constantine
Constantine is a mineral exploration company led by a proven technical team with a focus on premier North American mining environments. 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.
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