GoldSands Development Company

Published : April 01st, 2011

Changes Name to GoldSands Development Company

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Keywords :   Gold | Peru |

Constitution Mining Corp. Changes Name to GoldSands Development Company

Lima, Peru - March 31, 2011 GoldSands Development (GSDC.OB) announces that the Company's name has been changed from Constitution Mining Corp. (Old Symbol: CMIN.OB) to GoldSands Development Company. Effective tomorrow the company's new trading symbol on the OTCBB is (GSDC.OB) and GoldSands Development Company new website is located at www.goldsandsdevco.com .

With the new name, the company wants to express an expansion of its focus to assist with the development of the entire region where the company is working in Peru. Our company is working towards building trust and sustaining relationships that go well beyond mining operations. In addition, our support of local organizations helps to improve the area's quality of life. This win-win approach to the development of the area provides a platform for continual dialogue to identify and address any project with a high business potential in relation with our gold exploration efforts. We accept responsibility, act in a trustworthy fashion, and focus on building long-term relationships for development of the region of Manseriche and Loreto in the best interests, not only of Peru, but for our investors and shareholders as well.

Michael Stocker, Constitution Mining's CEO states:

"Constitution Mining Corp's new name, GoldSands Development Company, more closely aligns with the efforts which we are making in regard to what we hope will be the commercialization of our Peruvian GoldSands Properties. It symbolizes our desire to be positioned for the long haul, as we seek to participate in the multidimensional possibilities which we feel this area has for future development."

"Management believes that this name change more accurately and fully identifies the thrust and scope of our evolving business model. It takes place alongside the implementation, as announced in a recent News Release, of our much-anticipated GoldSands properties test production project."

About GoldSands Development Company (GSDC.OB)

The Company's goal is to fully develop our Peruvian GoldSands project and to locate large-scale commercially viable gold deposits. 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.

Peruvian GoldSands Project

The Company's GoldSands project in Peru consists of options on 461 square kilometers (178 square miles) of mining property, the largest such block in the district. These GoldSands were laid down by eons of alluvial erosion. For millions of years, the waters of the Santiago and the Mara��n 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 - GoldSands - in the area the Company now controls.

Results from test holes drilled during GSDC's 26-hole Phase I exploratory drill program indicate the presence of significant alluvial gold. The Company has also completed its Phase II drill program focused on grid drilling a 2.5 square kilometer region. While the results from both the Phase I drill program and the Phase II, 100-hole drill program are highly favorable, the Company cautions that these results do not yet indicate the presence of a commercially viable mineral deposit and further exploration is needed to determine the full feasibility of the project. Currently, the company has signed an agreement to begin a test mining production program within the 2.5 square kilometer area of the recent 100-hole drill program.

The full implementation of these programs will require the Company to secure additional financing.

Further information about GoldSands Development Company may be found at:

http://www.goldsandsdevco.com

On behalf of the Board:
Dr. Michael Stocker - CEO
GoldSands Development Company (GSDC.OB)

Investor Inquiries:
North America Toll Free: 800-215-0811
Direct Dial: 360-339-7309
Email: info@goldsandsdevco.com

Disclaimer

This release contains forward-looking statements that are based on beliefs of GoldSands Development Company management and reflect GoldSands Development Company'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 GoldSands Development Company 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, GoldSands Development Company 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.



Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

GoldSands Development Company

DEVELOPMENT STAGE
CODE : CMIN.OB
ISIN : US2104131006
CUSIP : 210413100
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Goldsands Development is a gold exploration company based in United states of america.

Goldsands Development holds various exploration projects in Argentina.

Its main asset in development is PERUVIAN GOLD SANDS in Peru and its main exploration properties are ATENA and CERRO AMARILLO in Argentina.

Goldsands Development is listed in United States of America. Its market capitalisation is US$ 16.8 millions as of today (€ 11.8 millions).

Its stock quote reached its highest recent level on September 11, 2009 at US$ 1.92, and its lowest recent point on December 03, 2010 at US$ 0.10.

Goldsands Development has 88 158 120 shares outstanding.

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Annual reports of GoldSands Development Company
2007 Annual report
Nominations of GoldSands Development Company
10/2/2009Appoints Team of Leading Gold Experts
8/20/2008Appoints Chief Financial Officer
8/7/2008Appoints New Director
Project news of GoldSands Development Company
3/11/2011Gold Test Production Equipment Arrives on GoldSands Property
7/23/2010(Peruvian Gold Sands) Makes Significant Gold Discovery in the Gold Sands of Peru
6/15/2010(Peruvian Gold Sands)Sees Encouraging Phase II Drill Indications
5/12/2010(Peruvian Gold Sands)to Expand Peru Drill Program
10/26/2009(Peruvian Gold Sands)Begins Production Testing on Gold Sands
8/15/2009(Peruvian Gold Sands)Drilling Begins at the Gold Sands in Peru
7/15/2009(Peruvian Gold Sands)Finalizes Drill Plan, Readies to Commence Drilling...
6/3/2009(Peruvian Gold Sands)CMIN Retains Scott Wilson Roscoe Postle Associates for Techn...
5/19/2009(Peruvian Gold Sands)receives Preliminary Master Plan (Scoping Study) for Peruvia...
2/18/2009(Peruvian Gold Sands)Company Contracts IHC Merwede Group to Assist with Developin...
10/1/2008Signs Option To Acquire Large Land Position
Corporate news of GoldSands Development Company
4/1/2011Changes Name to GoldSands Development Company
3/29/2011Updates GoldSands Test Production Site Work
3/8/2011THE CHAIRMAN'S LETTER
9/10/2009Hires R.F. Lafferty of New York / Proposed Reincorporation i...
3/5/2009Contracts WorleyParsons
2/25/2009Company Contracts AMEC Earth & Environmental
1/22/2009Must see video on Gold Sands District of Peru...
11/17/2008Gold Sands Project Update
11/11/2008Completes Initial Gold Sands Purchase...
9/17/2008Announces Committee Members
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