Constantine plans $6-million (U.S.) 2014 Palmer budget
CONSTANTINE ANNOUNCES US$6.2 MILLION BUDGET FOR 2014 PALMER COPPER-ZINC-SILVER-GOLD PROJECT, SOUTHEAST ALASKA
Constantine Metal Resources Ltd. has released the 2014 program and budget for the Palmer VMS project, Alaska. A budget of $6.2-million (U.S.) plus contingency has been approved by partner Dowa Metals & Mining Co. Ltd. of Japan, and a $250,000 (U.S.) option payment to Constantine has been made. Dowa is entering the second year of an option agreement in which it can earn 49 per cent in the Palmer project by making expenditures of $22-million (U.S.) over four years.
Garfield MacVeigh, president and chief executive officer, states: “Two thousand fourteen is poised to be a promising year for Constantine and the advancement of the Palmer project. We look forward to what will be the most active year in the company’s history and the opportunity to continue proving up Palmer’s potential.”
http://constantinemetals.com/news/2014/
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