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Dowa OKs US$5 million for Palmer

 

Last updated 3/8/2015 at Noon



Constantine Metal Resources Ltd. March 3 said that Dowa Metals & Mining Co., Ltd. has approved a 2015 budget of US$5 million for the continued exploration of the Palmer project in Southeast Alaska. Dowa, which has the option to earn 49 percent in Palmer by investing US$22 million, had spent roughly US$10 million at the project through the end of 2014. This year's drilling will focus on extending volcanogenic massive sulfide mineralization encountered at the South Wall zone in 2014, including the 89 meters of 0.8 percent copper and 5.0 percent zinc intersected in hole CMR14-65.

 

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