Vancouver – A pair of recent drill holes on Constantine Metal Resources‘ (CEM-V, CNSNF-O) Palmer property near Haines, Alaska further indicates a significant zinc-rich massive sulphide system at the project.
Hole CMR07-09 cut two mineralized zones: the first coring 18 metres (from 153 metres downhole depth) of zinc and copper rich sulphides plus barite running 7.8% zinc, 1% copper, 0.6% lead, 0.94 gram gold per tonne and 67.5 grams silver per tonne; and the second interval returning 3.4 metres (from 240 metres depth) of zinc-chert-barite mineralization assaying 11.2% zinc, 0.2% copper and 18.3 grams silver.
The company’s first hole of the season, CMR07-07, at its Glacier Creek prospect cut 14 metres of 7.2% zinc, 3.8% copper, 0.37 gram gold and 47 grams silver. The intercept consisted of a 4.4-metre upper zinc zone running 13.6% zinc, 0.65% copper, 0.15 gram gold and 18 gram silver over a contiguous, underlying copper zone that returned 5.2% copper, 4.4% zinc, 0.5 gram gold, 60 grams silver across 9.6 metres.
Constantine estimates true widths of its intersections are about 80-90% of core length.
Palmer is described as a Greens Creek-type volcanogenic massive sulphide deposit. Multiple, stacked sulphide horizons have been identified along a pair of sub-parallel trends of potentially favourable volcano-sedimentary stratigraphy.
Constantine drilled about 2,300 metres in seven holes during its Palmer summer 2007 program and awaits assays on five holes.
Shares of the junior recently perked up to the 70-level on the Palmer drill results. The stock posts a 52-week trading range of 15-91.
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