Constantine's Palmer at 4.75 Mt of 1.84% Cu, 4.57% Zn
Constantine Metal Resources Ltd (C:CEM)
Shares Issued 60,791,772
Last Close 1/19/2010 $0.27
Wednesday January 20 2010 - News Release
Mr. J. Garfield MacVeigh
CONSTANTINE REPORTS 4.75 MILLION TONNE INITIAL RESOURCE AT PALMER VMS PROJECT, ALASKA
Constantine Metal Resources Ltd. has released an initial NI 43-101-compliant resource estimate for the company's high-grade Palmer copper-zinc-gold-silver-rich volcanogenic-massive-sulphide (VMS") project. The resource estimate, prepared by independent consultant Mr. Gary Giroux, P.Eng. of Giroux Consultants Limited, is for the RW and South Wall zones and is based on drill holes completed up to the end of 2009. The project is located in a very accessible part of southeast Alaska with good logistics, 60 kilometres by road from the year-round deep sea port of Haines.
- Using an NSR cut-off of US$50 per tonne, an inferred resource of 4.75 million tonnes grading 1.84 percent copper, 4.57 percent zinc, 0.28 gram per tonne gold, and 29.1 gram per tonne silver has been estimated.
- High-grade copper zones within the overall resource include 2.52 million tonnes grading 2.65 percent copper, 3.71 percent zinc, 0.29 grams per tonne gold and 27.0 grams per tonne silver, based on a 1.5 percent copper cut-off.
Trevali drills 31.75 m of 118 g/t Ag at Magistral North
Trevali Resources Corp (C:TV)
Shares Issued 33,598,721
Last Close 1/19/2010 $1.25
Wednesday January 20 2010 - News Release
Mr. Mark Cruise reports
TREVALI INTERSECTS MULTIPLE ZONES OF HIGH-GRADE MINERALIZATION AT MAGISTRAL NORTH DEPOSIT
Trevali Resources Corp. confirms that the latest drill results from its 2009-2010 resource expansion program have intersected the thickest and highest-grade intercepts to date at the Magistral North deposit on the Santander silver-lead-zinc mine project in west-central Peru. Additionally, exploration continues to expand polymetallic mineralization at the Puajanca zone to vertical depths of 100 metres. Mineralization remains open in all three Magistral deposits, the Puajanca zone and the past-producing Santander deposit, and numerous high-priority targets remain to be tested on the company's large, 100-per-cent-owned land package.
Key drilling highlights include:
- Latest results returning multiple zones of some of the thickest and highest-grade intercepts to date.
- Magistral North expansion at surface and depth clearly demonstrate good-to-excellent mineral continuity at very significant grades.
- Ongoing drilling at Puajanca South Zone further expands mineralization along strike and at depth, (SAN-111 intersected 6.7 metres at 81.9g/t (2.4oz/t) silver, 3.37% lead and 5.8% zinc).
- Additional Puajanca South Zone intercepts range from 1 to 19 metres thick and returned values ranging from 1 to 4.3oz/t silver, 0.78 to 3.37% lead and 1.56 to 5.8% zinc.
Mineralization is currently interpreted to plunge to the north towards the Puajanca North Zone and co-incident geophysical anomaly, representing significant upside potential.
