Palmer Project Signing Ceremony February 1, 2013 Nobuo Yamazaki, President Dowa Metals & Mining Co., Ltd. and Garfield MacVeigh, President Constantine Metal Resources Ltd.
Constantine is a base and precious metal exploration company focused on premier North American mining environments, led by a top tier technical team with a discovery track record.
The Company's flagship Palmer VMS Project is located in a very accessible part of southeast Alaska and host to a NI 43-101 compliant 4.75 million tonne inferred resource grading 1.84% copper, 4.57% zinc, 0.28 g/t gold and 29 g/t silver (using an NSR cut-off of US$50/t; see news release dated January 20, 2010) that is open to expansion. The Palmer Project is being advanced in partnership with Dowa Metals & Mining Co., Ltd., who can earn 49% in the Project by making aggregate expenditures of US$22 million over four years.
Constantine has a pipeline of other quality projects that includes: (1) the 100% owned Timmins area Munro-Croesus Project a past-producing mine property that yielded some of the highest grade gold ever mined in Ontario and includes strategically located claims immediately along trend from the Fenn-Gib gold deposit with a NI 43-101 resource containing 1.35 million ounces indicated and 0.75 million ounces inferred, (2) the large Golden Mile property in the Timmins gold camp, and (3) a 50/50 Joint Venture with Carlin Gold Corporation exploring a >600 sq. km land position in an emerging new Carlin-type gold district in Yukon.
Since 2011, there has been over $12.7 million spent by partners exploring Constantine’s projects.