Thursday, October 22, 2009

Canadian Stock research - Constantine Metal Resources

Canadian Stock Research News Update:

Constantine Expands Area of Massive Sulphide and Reports Significant Off-Hole Geophysical Conductors Palmer Copper-Zinc VMS Project, Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2009) - Constantine Metal Resources Ltd. (the "Company") (TSX VENTURE:CEM) is pleased to announce final drill results and preliminary down-hole geophysical data for the 2009 exploration program at the Company's Palmer copper-zinc-gold-silver rich volcanogenic massive sulphide ("VMS") project. The 2009 program has successfully expanded the known area of South Wall and RW mineralized zones. This expansion when considered with the down-hole geophysical results has demonstrated the opportunity for continued growth in 2010. The Palmer project is located in a very accessible part of southeast Alaska, 60 kilometres by road from the year-round deep sea port of Haines.

The limited 2009 drill program (10 holes for a total of 4,643 meters) has expanded South Wall zone mineralization by 80 meters along strike, 90 meters vertically down dip, and 40 meters up dip, for a total horizontal strike length of 380 meters and a total vertical extent of 410 meters. The latest drill results include the deepest South Wall copper-rich intersection drilled to date in CMR09-28 that grades 3.55% copper, 4.79% zinc, 0.28 g/t gold and 80.1 g/t silver over 2.29 meters. Drill Hole CMR-09-30 tested the westernmost part of South Wall Zone 1 and remained in altered footwall rocks with stringer mineralization. A large off-hole geophysical anomaly in CMR09-30 is believed to represent a 100 meter extension of the thick Zone I mineralization and suggests that the zone remains open to the west.
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