Constantine Metal Resources (TSXV:CEM) has announced commencement of a 10,000 meter drill program with two rigs at the Palmer copper-zinc-silver-gold joint venture project in Southeast Alaska.
According to the company that objectives of the drill program are to systematically define and expand the south wall and RW zone mineral resources, expand the AG zone, a new silver-gold-zinc rich discovery made last year, and test other never before drilling prospects across the district scale project area.
As quoted in the press release:
Two high priority targets are the Boundary and HG prospects, neither of which have ever before been drilled.
The Boundary prospect hosts numerous samples of high-grade mineralization. This includes footwall-style stringer mineralization in outcrop grading up to 6.6 percent copper, float boulders of massive pyrite-chalcopyrite grading up to 13.6 percent copper and massive barite-sphalerite boulders grading up to 19.7 percent zinc. The mineralization at Boundary is spatially associated with a thick, strongly altered rhyolite sequence that is overlain by argillite and unaltered basalt – a classic VMS setting. The interpreted source of the massive sulphide-barite float boulders is located under surficial cover and coincides with one of the most pronounced EM target anomalies identified in the favourable mineralized stratigraphy in the survey area.
The HG Prospect, like Boundary, is defined by a large-scale alteration zone associated with massive sulfide-barite mineralization exposed at surface, with grab samples grading up to 14.1 percent zinc, 0.36 percent copper, 2.3 percent lead and 198.9 g/t silver. A distinct airborne EM geophysical response is located immediately on strike of the 600-meter-long alteration zone.
Click here to view the full Constantine Metal Resources (TSXV:CEM) press release.
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