Constantine Metal Resources (CEM.V) has announced an update on the exploration activities on its Palmer VMS project in Alaska, USA. The drill results of nine new holes have already been made public, of which an intercept of 89 meters at 5% zinc, 0.8% copper and 21g/t silver is probably the most exciting one because of its width and grade. What’s important about this intercept is that this effectively confirms that the mineralization at Palmer seems to be continuing towards the SouthWest of the currently known resource estimate, which contains almost 5 million tonnes at 1.84% copper, 4.57% zinc and some gold and silver credits.
The exploration activities at the Palmer project are funded by Constantine’s partners with deep pockets as both JOGMEC and Dowa are earning into the project.
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Disclosure: The author holds no position in Constantine Metal Resources. Please see our disclaimer for current positions.
