Constantine Metal Resources Ltd.

Published : May 04th, 2016

Critics question mine exploration near Alaska eagle preserve

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Keywords :   Copper | Eagles | Georgia | Gold | Japan | Japanese | Silver | Zinc |

Critics question mine exploration near Alaska eagle preserve

ANCHORAGE, Alaska (AP) -- In early winter, after most tourists have fled Alaska, another kind of visitor flies in: bald eagles, up to 4,000 of them.

In the world's largest congregation of bald eagles, they gather along the Chilkat River in southeast Alaska to feast on salmon carcasses washed downstream after spawning. Well after other rivers have frozen, the river remains open.

Wildlife advocates are concerned that a possible mining project near a major tributary of the river could threaten the eagles.

A Canadian company, backed by a Japanese metals firm, is spending millions to explore a copper and zinc deposit that might someday turn into a hard rock mine about 10 miles upriver of the preserve.

"That just seems like a very foolish thing to do, to risk everything we have for a few years of economic development," said environmental activist Gershon Cohen, who lives in nearby Haines.

Mine advocates say mining and wildlife can co-exist, noting that the state's strict mining regulations will require measures protecting salmon and eagles.

But long before the specifics of a mine are designed, wildlife advocates question why a development with the potential for a deadly spill would ever be considered on a site close to salmon habitat that nourishes the eagles.

Haines is a commercial fishing and tourism town of 2,500 with an asset missing in most other southeast Alaska towns: a highway that climbs through nearby mountains to connect to the continental road system.

The highway and port are a huge draw for Vancouver, British Columbia-based Constantine Metal Resources Ltd., a company formed in 2006 to explore for copper, zinc, gold and silver in the project on five acres about 35 miles northwest of the city.

"We have a promising project that's growing, that we've been investing in for a long time, but it requires more work," said Darwin Green, vice president of exploration, in a phone interview.

Japan's Dowa Metals & Mining Co. in 2013 agreed to invest $22 million in what's being called the Palmer Project over four years in exchange for a 49 percent interest. The Bureau of Land Management is reviewing Constantine's application to build roads and expand exploration to 40 acres.

But a decision on production is years off, Green said.

"The question everyone wants to know — 'When will it be a mine — is one I can't answer," he said.

The project ultimately could take the form of a medium-size underground mine, with high grade ore extracted and trucked to port, loaded on ships and moved to overseas smelters. Baseline information collected during exploration would shape mine design.

But it's much too early, he said, to provide meaningful details about what processing would entail. "What we do know is that Alaska has incredibly stringent regulations and laws that are very protective of the environment we operate in," Green said.

Cohen, a sponsor of the 2006 cruise ship ballot initiative that required the vessels to get state pollution discharge permits for wastewater, is frustrated by a system in which debate about a mine that could damage a world-class natural attraction does not begin until after millions of dollars have been spent.

"If you wait until it's later in the process, then they turn that around and say, 'Where were you years ago when we first started this?'" he said.

No matter what Constantine promises, he said, it ultimately is an exploration company.

"Once they find a major mining company that wants to buy the prospect, they will have little to nothing to say about how the mine actually gets developed," he said. "It will be the major mining partner who will bring in their engineers and they will decide how the mine needs to be developed."

The specifics of a future mine are not needed to know that it will produce millions of gallons of wastewater contaminated with heavy metals in a location prone to earthquakes and heavy rainfall, Cohen said.

"There is a long history of dams for tailings ponds failing under these conditions," he said.

Read the rest of the article at sg.finance.yahoo.com
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Constantine Metal Resources Ltd.

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CODE : CEM.V
ISIN : CA2103171039
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Constantine Metal is a gold and copper exploration company based in Canada.

Constantine Metal holds various exploration projects in Canada.

Its main exploration properties are CROESUS, PALMER, CONSTANTINE CARLIN MAYO CLAIMS and AZTEC PROPERTY in Canada.

Constantine Metal is listed in Canada. Its market capitalisation is CA$ 40.5 millions as of today (US$ 32.4 millions, € 28.4 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.91, and its lowest recent point on August 30, 2013 at CA$ 0.04.

Constantine Metal has 117 340 000 shares outstanding.

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Annual reports of Constantine Metal Resources Ltd.
2007 Annual report
2006 Annual report
Financings of Constantine Metal Resources Ltd.
3/20/2011Closes $2.25 Million Flow-Through Share Financing
3/13/2011Announces $2.25 Million Guaranteed Agency Financing
1/14/2010Exercised Warrants Raise $2.4 Million Cash For Constantine
6/17/2009$3,000,000 Non-Brokered Financing Announced
Project news of Constantine Metal Resources Ltd.
7/27/2017(Palmer)Reports New Silver-Gold Discovery at Nunatak and High-Grade ...
7/6/2016(Palmer)Commences Drill Program at Palmer Copper-Zinc-Silver-Gold Pr...
5/9/2016(Palmer)Announces Plans and Budget for 2016 Palmer Copper-Zinc-Silve...
5/4/2016Critics question mine exploration near Alaska eagle preserve
2/19/2014Announces Winter Drill Program Underway at Golden Mile Prope...
1/28/2014(Palmer)Announces US$6.2 Million Budget for 2014 Palmer Copper-Zinc-...
11/4/2013(Palmer)Reports Positive Metallurgical Results for the Palmer Projec...
6/12/2013(Palmer)Commences Drilling on the Palmer VMS Project, Alaska $3.0 Mi...
2/4/2013Signs Option & Joint Venture Agreement with Dowa Metals & Mi...
1/17/2013(Palmer)Announces Signing Date for Option and Joint Venture Agreemen...
11/5/2012(Palmer)Signs Letter Agreement with Dowa Metals and Mining on the Pa...
8/8/2012Finds Horseshoe Zone on Trend with Lake Shore’s Fenn-Gib Dep...
8/7/2012Announces Election by Major to Proceed with Golden Mile Prop...
3/5/2012Acquires Golden Mile Property
12/28/2011VP of Exploration Darwin Green to appear on the Next Biggest...
11/30/2011Reports Drill Assays for Trapper Gold Project, British Colum...
8/23/2011’s Partner Reports Update On 25 Hole Drill Program At Trappe...
6/23/2011Carlin JV Commences Work Program On Sixteen Yukon Gold Prope...
6/16/2011Reports Commencement Of $4.0 Million Exploration Program At ...
4/14/2011Carlin JV Expands Property Position In Yukon’s New Carlin-Ty...
3/31/2011(Croesus)Adds Second Drill At Munro-Croesus Gold Project, Ontario
3/13/2011(Croesus)Commences Drill Program At Munro-Croesus Bonanza Grade Gold ...
2/28/2011(Constantine Carlin Mayo Claims)Carlin JV Acquires Strategic Claim Block In Yukon’s New Carl...
2/17/2011(Aztec Property)Carlin JV Expands Yukon Gold Portfolio Aztec Property Acquis...
2/9/2011Acquires Hornet Creek Gold-Copper Property In Idaho, USA
8/4/2010(Palmer)Intersects 3.1% Copper Over 4.2 Meters within 7.1 Meters of ...
11/19/2009(Palmer)Positive Mineralogy And Metallurgical Projections For Palmer...
10/22/2009(Palmer)Expands Area Of Massive Sulphide And Reports Significant Off...
9/10/2009(Palmer)Intersects 6.1 Meters Of 1.5% Copper And 9.2% Zinc In Deepes...
7/28/2009(Palmer)Completes Financing And Commences Drilling At Palmer VMS Pro...
2/10/2009(Croesus)Commences Drill Program at Munro-Croesus Gold Project
2/9/2009(Croesus)and Wahgoshig First Nation Enter into Exploration Agreement
12/2/2008(Palmer)Reports More Wide Intersections At The South Wall Zone
Corporate news of Constantine Metal Resources Ltd.
7/6/2016Constantine Commences Drill Program at Palmer Copper-Zinc-Si...
6/30/2016Constantine Issues Stock Options
11/24/2015Constantine Reports 2015 Exploration Program Results from Pa...
7/28/2015Constantine Signs Selection Agreement with Dowa on Land Trus...
6/26/2015Constantine Files NI-43-101 Report for Updated Inferred Mine...
6/25/2015Constantine Files NI-43-101 Report for Updated Inferred Mine...
3/9/2015Constantine Issues Finder’s Fee Shares and Stock Options
3/9/2015Constantine Issues Finder's Fee Shares and Stock Options
3/9/2015Issues Finder's Fee Shares and Stock Options
3/3/2015Constantine Announces US$5.0 Million Budget for 2015 Palmer ...
2/23/2015Constantine 2014 Year-end Financial Information Released
2/5/2015Constantine Receives US $250,000 Option Payment from Dowa
1/26/2015Constantine Reports Final Drill Results and Provides 2014 Ex...
9/29/2014Constantine Intersects 89 Meters of 5.0% Zinc, 0.8% Copper, ...
9/9/2014Constantine Signs Mining Lease on Land Package Surrounding t...
8/19/2014Constantine Reports Japan Oil, Gas and Metals National Corpo...
7/22/2014Constantine Reports Significant 150 meter Step-Out Drill Int...
5/29/2014Constantine Crews Mobilize for US$6.2 Million +10,000 Meter ...
5/9/2014Constantine Completes Drill Program at Golden Mile Property ...
4/16/2014Constantine to Acquire Major Land Package Surrounding the Pa...
10/8/2013(Palmer)Intersects 24.7 Meters of 2.0% Copper and 8.5% Zinc in Addit...
8/12/2013(Palmer)Intersects 21.7 Meters of 2.4% Copper and 9.1% Zinc in Step-...
8/8/2013Acquires Insider Share Position in Dunnedin Ventures Inc.
7/9/2013to Sell Interest in Trapper Gold Property to Ocean Park Vent...
5/3/2013The Company Announces Adoption of Advance Notice Policy for ...
3/19/2013Notice of TSX Acceptance of Option & Joint Venture Agreement...
5/9/2012Announces Strategic Financing and Property Rights Agreements...
2/27/2012to Spin-Out Yukon Gold Assets into New Company
1/17/2012Reports Final Drill Results for Trapper Gold Project, Britis...
1/9/2012Upcoming Events
9/20/2011(Croesus)Reports Final Drill Results at Munro-Croesus Gold Project, O...
9/6/2011Carlin Yukon JV Defines 6.5 Km Long Gold And Arsenic Soil An...
8/9/2011Carlin JV Defines Multiple Soil/Silt Anomalies On Yukon Gold...
6/8/2011(Croesus)Reports Drill Results And New Developments At The Munro-Croe...
2/22/2011Signs New Investor Relations Agreement
6/22/2010Acquires Phoenix Lake Gold Property In South Timmins Area, O...
5/19/2010Acquires Trapper Lake Gold Property In Northern British Colu...
7/23/2009$3 Million Unit Financing Closed
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