I’m concerned about Gershon Cohen’s quote about road access to the Palmer Project that was printed Nov. 18th in “Constantine adjusts some language around Palmer road access.”
We believe Mr. Cohen is either poorly informed or is purposefully and materially trying to tarnish the reputation of the Project by implying that Constantine is lying to its stakeholders.
The Palmer Project has paved road access within a short distance of the edge of the property and good gravel road access from the paved road to the Palmer deposit that is within the property/project boundaries. We’ve always made this abundantly clear to our stakeholders as disclosed in our 2019 Preliminary Economic Assessment (PEA). The trucking distance from the proposed mine site to the port facility in Haines, Alaska is 72 km, consisting of 22 km of gravel road and 50 km of paved highway.
$100 million is currently being spent on upgrading 26 miles of the 40-mile access to the Palmer deposit area and construction of a new $10 million Klehini bridge was completed in 2017. Furthermore, our PEA contemplates upgrading the road for operations when needed and this is included in the $46 million capital expenditure for site development and on-site infrastructure.
We want to reiterate that the Palmer Project and property has excellent road access for work being done in our exploration phase. Additionally, we do not pretend to have the final road access that is required for a producing mine, and Mr. Cohen consistently misrepresents this fact.
Garfield MacVeigh,
President, CEO & Director
Constantine Metal Resources