The Palmer Property is a mineral exploration project located south of the Haines highway, adjacent to the active placer mining operations along Porcupine Creek. The Property hosts 200 million year old volcanogenic massive sulphide (VMS) mineral prospects characterized by high-grade concentrations of zinc, copper, silver and gold mineralization. VMS deposits are formed by hydrothermal venting of metal rich fluids on the seafloor near areas of submarine volcanic activity. This process is still found in modern oceans and can be seen in scientific videos of deep-sea "black smokers" which are readily available on the internet. Please view the Frequently Asked Questions page for more details and links!
Constantine Metal Resources Ltd. was formed in 2006 with the primary purpose of exploring the mineral potential of the Palmer Property. Since inception, Constantine has conducted mapping, rock and soil sampling, prospecting, geophysical and mineralogical studies, and completed approximately 40,000 feet of drilling in 32 holes. The discovery of thick zones of high-grade mineralization came at the end of the summer in 2007. Follow-up drilling and other work completed in 2008 and 2009 expanded the known extent of mineralization and led to the first ever resource estimate calculation for the Palmer Property. This estimate defined an inferred resource containing 4.12 million tonnes of rock with metal grades of 2.01% copper, 4.79% zinc, 0.30 grams/tonne gold, and 30.5 grams/tonne silver. While off to a promising start, several more years of hard work are required to ascertain the potential viability of developing the project. A significant amount of additional drilling is required to hopefully expand and gain confidence in the mineral resource. Once the deposit has reached a critical size threshold, major economic and environmental studies will be required to determine the feasibility of developing the project into a mine.
Past exploration on the Palmer Property has been conducted by several different companies, including Anaconda Copper (1979-80), Southeastern Minerals (1980-83), Bear Creek Mining (1983-85), Newmont Exploration (1987-89), Granges Exploration (1989), Cominco (1990-93), Kennecott (1993-97), Rubicon Minerals (1998-2000), and Toquima Minerals (2004). During the 40-year history of exploration on the Property, thirty-five holes, totaling nearly 25,000 feet, were drilled prior to Constantine.
2009 SUMMER FIELD PROGRAM SUMMARY
- diamond drilling (10 holes, ~15,000 feet)
- downhole geophysical surveys
- water quality sampling
- limited mapping and prospecting
- construction of a new multi-purpose core logging facility
- drill pad and helicopter pad construction and reclamation
2010 SUMMER FIELD PROGRAM PLANS
- diamond drilling (~25,000 feet)
- surface and downhole geophysical surveys
- water quality sampling
- base-line environmental and geotechnical studies
- limited mapping and prospecting
- drill pad and helicopter pad construction and reclamation
Contact Us: info@constantinemetals.com