Constitution Mining Appoints New Chairman
Lima, Peru - September 24, 2010 - Constitution Mining Corp. (CMIN.OB) announces the appointment of Mr. Patrick Gorman to serve as the company's Chairman of the Board.
The Board of Directors has appointed Patrick Gorman to serve as the Chairman of the Company's board of directors. Mr. Gorman, currently a Company director replaces Mr. Alois Wiget as Chairman of the board of directors. Mr. Wiget will continue to serve as a member of the board of directors.
Mr. Gorman is the president of Resource Consultants, a brokerage specializing in precious metals. For 18 years, Mr. Gorman has hosted Hard Money Watch, which is now the longest-running financial talk radio program in the Phoenix area. He is the author of the best-selling book, The Value of Honest Money and of Wealth Protection, a monthly investment newsletter dealing with opportunities in precious metals. He is widely respected as an expert on the markets for gold and silver.
About Constitution Mining Corp. (CMIN.OB)
The Company's goal is to locate large-scale commercially viable gold deposits and continuously increase the amount of gold underlying its outstanding shares. The Company is interested primarily in geographical areas that are home to several significant proven gold deposits, including highly prospective districts likely to hold further large deposits.
Peru
The first and most active project is in the Gold Sands region of Peru where the Company holds options on 461 square kilometers (178 square miles) of mining property, the largest such block in the district. These Gold Sands were laid down by eons of alluvial erosion. For millions of years, the waters of the Santiago and the Maranon rivers have been carving their way through the gold-rich mountain canyons of the Andes, carrying off vast amounts of gold and depositing it in the loose gravels and sands - Gold Sands - in the area the Company now controls.
Results from test holes drilled during CMIN's 26-hole Phase I exploratory drill program indicate the presence of significant alluvial gold. The Company is now actively engaged in conducting a Phase II drill program focused on grid drilling a 2.5 square kilometer region. While the results from the Phase I drill program and the initial results of the Phase II, 100-hole drill program are highly favorable, further results are needed to determine the full feasibility of the project.
The full implementation of these programs will require the Company to secure additional financing.
Further information about Constitution Mining Corp may be found at:
http://www.ConstitutionMining.com.
On behalf of the Board:
Dr. Michael Stocker - CEO
Constitution Mining Corp. (CMIN.OB)
Investor Inquiries:
North America Toll Free : 800-215-0811
Direct Dial: 360-339-7309
Email: Info@ConstitutionMining.com
Disclaimer
This release contains forward-looking statements that are based on beliefs of Constitution Mining Corp. management and reflect Constitution Mining Corp's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words , or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Constitution Mining Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance , or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Constitution Mining Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. |