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By Shane Lasley
Mining News 

JV approves US$25.5M budget for Palmer

Largest budget ever for VMS mine project in Southeast Alaska North of 60 Mining News - April 24, 2023

 

Last updated 5/11/2023 at 2:38pm

Helicopter carrying core from a drill perched on a mountainside at Palmer.

Constantine Mining

Drilling has outlined a high-grade volcanogenic massive sulfide deposit at Palmer enriched with copper, zinc, lead, silver, gold, and barite.

American Pacific Mining Corp. April 24 announced that a US$25.5 million (C$34.5 million) budget has been approved for the 2023 work program at Palmer, which will be the largest single-season program ever carried out at this high-grade volcanogenic massive sulfide project in Southeast Alaska.

A 2019 preliminary economic assessment that was updated early in 2022 outlines plans for an underground...



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