Constantine Metals is a base and precious metal exploration company focused on premier North American mining districts, led by a top tier technical team and funded by leading institutional investors.
- Located in safe and mine-friendly Alaska
- In one of the richest VMS districts in the world
- High grade copper-zinc rich deposit with tremendous expansion potential – multiple separate zones that are all open.
- An advanced project with Dowa as partner
- 10,000m drill program for 2018
- New Mineral Resource update in progress
- PEA to be initiated in 2018
- Well capitalized ($10M in cash)
Alaska – Timmons – Yukon
- The Johnson Tract – Very high-grade gold, including 50 meters of 20 g/t Au, 9.4% Zn, 1.0% Cu, 2.8% Pb and 12.7 g/t Ag.
- The Munro Croesus property yielded some of the highest grade gold ever mined in Ontario
- Golden Mile Property crosses the “Porcupine Giant Mine Corridor”, which produced more than 55 million ounces of gold.
- Planned spinout of all gold properties this year
- PEA on the Johnson Tract deposit to be initiated in 2018
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 8.125 million tonne inferred resource grading 1.41% copper, 5.25% zinc, 0.32 g/t gold and 31.7 g/t silver (using an NSR cut-off of US$75/t; see news release dated May 11, 2015) that is open to expansion. The Project is being advanced as a Joint Venture partnership between Constantine (51%) and Dowa Metals & Mining Co., Ltd. (49%), with Constantine as operator.
Recent News Releases:
On August 13:
Constantine is pleased to report metallurgical test results that demonstrate a premium-quality barite concentrate can be produced as a co-product at the Palmer Copper-Zinc-Gold-Silver Project, Southeast Alaska. The test work was designed to quantify the recovery of barite, a mineral that is abundant within the high-grade copper-zinc resource at Palmer that would otherwise become waste generated in the production of copper and zinc concentrates. Results are also reported for copper-zinc flotation work and grindability tests that confirm and enhance the attractive mineral processing characteristics produced by previous metallurgical testwork. This includes a significant improvement in zinc recoveries to 93.1% to a concentrate grading 61.3% zinc, and high recoveries for copper, silver and gold.
On July 19:
Constantine closed the second and final tranche of its previously announced $10,000,000 private placement. The second tranche consisted of 2,363,868 units at a price of $0.68 per unit, for aggregate gross proceeds of $1,607,430. The units were issued to Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC.
On June 19th:
Constantine acquired the Johnson Tract Gold-Zinc Deposit in Alaska. In 1982, Anaconda reported 10.94 g/t gold, 8.01% zinc, 0.75% copper, 2.13% lead and 8.5 g/t silver over 102.6 meters, including 50 meters grading 20.0 g/t gold, 9.4% zinc, 1.0% copper, 2.8% lead and 12.7 g/t silver. The Johnson Tract is in a similar environment to the Eskay Creek Deposit (one of my most profitable investment successes).
On June 6th:
Constantine commenced a 10,000-meter program at the high-grade Palmer (VMS) Copper-Zinc-Silver-Gold Joint Venture project. The JV is 51% Constantine and 49% Dowa Metals & Mining (Japan’s largest Zinc company).
The Palmer Project lies between the Greens Creek Deposit, one of the richest VSM deposits in the world, and the Windy Craggy Deposit, among the largest VMS deposits globally. Conceptual Economic studies indicate a very high margin deposit with an estimated NSR of $200 per ton and mining costs of about $70 per ton.
On May 30th:
Constantine closed the first tranche of a $10,000,000 funding with Electrum Strategic Opportunities Fund II, Altius Minerals, our largest individual shareholder, John Tognetti, President and founder of Haywood Securities and other institutional and individual investors.
Learn more about Constantine’s current market activity here. Or contact Ray Mullaney at (401) 558-0222.