Constantine plans $8.8M budget for Palmer Project
Constantine Metal Resourc- es Ltd. has announced 2021 plans for the Palmer VMS Proj- ect located in Southeast Alaska (“Palmer” or “Project”). A budget of US $8.8 million for the 2021 work program has been approved by the Constan- tine Mining LLC Joint Venture, (“CMJV”) including plans for 6,000 meters of drilling. Dowa Metals & Mining Alaska Ltd. has committed to fund the entire 2021 work program which will result in dilution of Constan- tine’s CMJV interest. Constan- tine will remain as operator of the Project to oversee the 2021 work program. The multi-purpose 2021 drilling program at Palmer will consist of
n 1,800 meters of explora- tion drilling to explore for the fault off-set of the thick South Wall deposit, n 2,500 meters of resource upgrade drilling on a thick cop- per rich portion of the down- dip inferred South Wall copper- zinc-silver-gold resource and n 1,700 meters of geotech- nical drilling to support the planned underground explora- tion program and provide infor- mation required to advance the project to feasibility. Engineering and environ- mental studies will include a seismic survey and overburden drilling to establish overburden stratigraphy, groundwater mon- itoring wells and bedrock infor- mation to expand the hydrolog-
Photo Courtesy Constantine Merrill Palmer spent half a century advocating for the mineral potential in Southeast Alaska that is closer to development now as Constantine’s Palmer Project.
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The Alaska Miner
April 2021
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