Constitution Mining Contracts IHC Merwede Group to Assist with Developing the Peruvian Gold Sands
Buenos Aires, Argentina - February 19, 2009 - Constitution Mining Corp. (CMIN.OB) announces that its Peruvian service company, Logistica y Servicios Aluviales San Lorenzo SA ("San Lorenzo") has contracted MTI Holland BV, a member of the IHC Merwede Group, the world's leading manufacturer of innovative Gold Sands dredging and processing equipment, to assist with the technical development of the company's 382 km2 Gold Sands property.
With respect to the Gold Sands project, MTI will provide guidance and advice regarding:
• Preparation of the preliminary exploration and project development plan • Drilling, sample taking, sample processing, and reporting procedures • Development of a conceptual master plan, including estimation of production rates and the associated equipment requirements with a view to completing a scoping study to evaluate the technical and economic feasibility of the Gold Sands project. This study will include a geotechnical analysis, equipment selection, cost determinations and cash flow modeling.
Constitution Mining CEO, Dr Willem Fuchter commented: "MTI has extensive expertise in assisting clients with the successful development of Gold Sands-style deposits - several of which are now producing gold."
"We are now in the final planning stages of our upcoming drill program, scheduled to begin the end of March 2009. It shouldn't take very long, once the drills start turning, for us to discover whether the multi-million ounce potential of the Gold Sands deposit is in fact a reality," added Dr. Fuchter.
About Constitution Mining Corp.
Constitution Mining intends to consistently increase the amount of honest money - gold and silver - underlying the number of shares the company has outstanding. The company's primary area of focus to create this value is the rapidly developing region known as the "Gold Sands of Peru", where it has optioned 382㎢ (229 square miles) of mining properties - the largest property holdings in the district. The Gold Sands of Peru have been formed by the erosion of the gold-rich hinterland. For millions of years two major rivers systems have been carving their way through the gold-rich Andean mountains of Peru and Ecuador, depositing gold in loose gravels and sands - Gold Sands - below the Manseriche gorge in Northeastern, Peru. Privately funded historical drilling of more than 500 holes in a 'proof of concept' zone located on Constitution Mining's properties, indicates the potential for the region to contain many millions of ounces of alluvial gold. By utilizing new mining technologies that are both efficient and environmentally friendly, the experienced management of Constitution Mining fully intends to capitalize on this exciting opportunity to provide long-term value for all shareholders. Additional information about Constitution Mining Corp. may be obtained at www.ConstitutionMining.com.
On behalf of the Board:
Dr. Willem Fuchter, CEO Constitution Mining Corp.
Investor Inquiries North American Toll Free: 011-800-333-777-77 European Toll Free: 00-800-333-777-77 email: info@ConstitutionMining.com |