The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Constantine Metal Resources Ltd. July 6 reported the start of a 2016 drill program at its Palmer copper-zinc-silver-gold project in Southeast Alaska.
Dowa Metals & Mining Co. Ltd., which can earn 49 percent in Palmer by investing US$22 million in the project by the end of 2016, has budgeted US$3.7 million for this year's program.
The work begins with an initial 1,700-meter drill program targeting several volcanogenic massive sulfide targets beyond the known Glacier Creek deposit at Palmer.
This includes drilling at an untested zone of intense VMS footwall-style alteration exposed in a creek drainage roughly 1,000 meters on strike and east of the mineral resource.
The program also will test the depth and strike extensions of silver-rich massive barite sulfide mineralization at the Cap prospect where limited historic drilling has intersected 134 grams per metric ton silver over 23.2 meters and 31 g/t silver over 90.6 meters.
Cap is one of several stratigraphically linked prospects that define a hydrothermal system of comparable scale to the resource area that is located 2,500 meters to the northeast.
This initial program also will test a strong conductor anomaly identified by geophysical surveys in 2015 that is supported by the presence of mineralized boulders grading up to 16.1 percent zinc and 13.2 g/t silver, and located 1,000 meters to the north of the mineral resource.
Constantine President and CEO Garfield MacVeigh said, "We are excited to be stepping out beyond the immediate resource and begin testing other high-quality prospects that surround the known deposit.
The new exploration drilling will occur in parallel with important advanced exploration work that is focused on evaluating the high-grade RW and South Wall resources that are open to expansion in multiple directions." The 2016 field program also includes environmental, hydrogeology and engineering studies in support of ongoing evaluation of the inferred mineral resource required for the next steps to advance the project.
Road construction and several geotechnical drill holes are also being completed this year.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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