Constantine Metal Resources

Primary ticker: TSXV:CEM; OTCQX:CNSNF
Stage of development: Exploration
Commodity: Barite, Copper, Gold, Silver, Zinc
Project to promote: Palmer & Johnson Tract

Live financials

Constantine’s flagship Palmer project (+$35 million spent to date) is a high grade VMS Cu-Zn-Ag-Au-Barite deposit next to paved highway in coastal southeast Alaska. Palmer is a joint venture between Constantine (51%) and Japan’s largest zinc company, Dowa Metals & Mining (49%). Constantine has a dual focus of advancing the Palmer project to feasibility (maiden PEA currently underway) and drill testing several deposits in the Palmer district.

In addition, Constantine has a portfolio of high-quality 100%-owned gold assets to be spun out into a new company including Timmins, Ontario projects and the Johnson Tract (deposit) in Alaska.

Management Profile

Darwin Green, Vice President, Exploration

Darwin Green has been in the mineral exploration business for over 20 years, working throughout Canada, USA and Latin America. His work in Alaska started in 1998 at the Palmer Project which transitioned into his 2001 M.Sc. thesis that later contributed to the South Wall and RW Zone discoveries. Between 2005 and 2008 Darwin oversaw resource expansion and underground development programs at the Niblack project on Prince of Wales Island, for which he received the 2008 Commissioner’s Award for Project Excellence by the State of Alaska. He has held the position of Vice President Exploration at Constantine Metal Resources for the past 10 years, where he oversees exploration and business development. He and the entire Constantine team bring a high level of technical expertise and commitment to making the Palmer Project a success.

What is your rationale for attending 121 Mining Investment?

Raising awareness of Alaska Palmer project and 2019 raise; Palmer PEA; Gold spin-out by end June 2019.

What recent news would you like to highlight to investors attending?

January 2019 – Constantine Signs Option to Acquire 100% of Golden Perimeter Property, near Timmins, Ontario
December 2018 – Constantine Announces Maiden AG Zone Resource Estimate for Palmer Project of 4.26 Million Tonnes grading 9.04% Zinc Equivalent

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Constantine is moving toward the completion of a PEA on the Palmer base metal project in Alaska.

6 Months:

Constantine has begun the process to spin out the company’s gold assets in Alaska and the Timmins, Ontario gold camp, with a planned completion date by end of the first half of 2019. A raise will be done concurrently with the spin-out.

12 Months:

Financial raise for Palmer JV (Dows) project and for work on regional targets outside JV lands.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The key challenge is always the ability to raise funds for ongoing work, however, Constantine has CAD$3.4 million cash on hand and sufficient interest from current and prospective investors for cautious optimism that additional funds may be raised as required. Dowa, as a 49% project partner, significantly de-risks a number of aspects in the development of Palmer.

In a sentence, what do you think makes your company such a compelling investment?

The regional targets surrounding the Alaska Palmer JV project offer tremendous resource growth.
Any investment in Constantine, prior to a record date (yet to be established) will yield proportionate investment in the new gold company to be spun out of Constantine.