Constantine Metal Resources Ltd.

Published : January 15th, 2014

Enters Into Exploration Agreement With Wahgoshig First Nation And Matachewan First Nation

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Keywords :   Canada | Copper | Gold | Gold Mine | Silver | Zinc |
Constantine Metal Resources Ltd.
Constantine Metal Resources Ltd.

CONSTANTINE ENTERS INTO EXPLORATION AGREEMENT WITH WAHGOSHIG FIRST NATION AND MATACHEWAN FIRST NATION

January 15, 2014

Vancouver, B.C. � Constantine Metal Resources Ltd. (the �Company� or �Constantine�) (TSX Venture- CEM) is pleased to announce that the Company has entered into an Exploration Agreement (�EA�) with the Matachewan First Nation (�Matachewan�) and the Wahgoshig First Nation (�Wahgoshig�) on the Company�s properties within the shared Traditional Territories of Wahgoshig and Matachewan.  This currently includes the Company�s Golden Mile property located within the city of Timmins, 9 kilometers northeast of the Hoyle Pond Gold Mine operated by Goldcorp Inc.

The primary purpose of the EA is to establish the foundation for ongoing communication with the Matachewan and Wahgoshig communities during the exploration process while respecting their culture, heritage and Traditional Territory.  The EA also promotes training and employment for First Nation people and business opportunities for First Nation companies and partnerships. Garfield Macveigh, President and CEO of Constantine remarks; �Constantine has established very positive mutually beneficial relationship with the Wahgoshig First Nation since 2008 on its Munro Croesus project and  looks forward to expanding its relationship with Wahgoshig and building a similar strong relationship with the Matachewan First Nation within the  shared Traditional Territory of Matachewan and Wahgoshig. We believe that establishing a strong mining industry and First Nation association is essential to the future success of the mining industry in Canada.� 

Constantine and the First Nations have also agreed to a negotiation process leading to an Impact Benefits Agreement ("IBA") should any project within the shared traditional territory proceed to an advanced stage. The IBA will cover topics such as business opportunities, employment, training and financial compensation.

Chief David Babin, of Wahgoshig First Nation, commented; �We have had a very good relationship with Constantine over the years and look forward to a collaborative relationship in the future.  This agreement protects our traditional values and continues to demonstrate that Wahgoshig First Nation promotes responsible development on our land.�

Chief Elenore Hendrix of Matachewan First Nation, commented; �The Matachewan First Nation is extremely pleased to sign the formal Exploration Agreement with Constantine. This pact between us signals the Company�s intent to engage our community in a responsible manner while allowing our citizens to provide input into the development and to promote a sustainable future for our territory.�

Wahgoshig and Matachewan have entered into agreements with other mining companies, and are involved in the industry through business ventures and employment of its members while maintaining traditional activities and stewardship of the environment.

Under the terms of the EA, Constantine will be issuing an aggregate of 185,000 shares of the Company to Wahgoshig and Matachewan, subject to regulatory approval.

About the Company

Constantine is a mineral exploration company with a focus on premier North American mining environments. In addition to the flagship Palmer copper-zinc-silver-gold VMS Project located in Alaska that is being advanced in partnership with Dowa Metals & Mining Co., Ltd., Constantine has a pipeline of other quality projects that includes; (1) the 100% owned Timmins area Munro-Croesus Project a past-producing mine property that yielded some of the highest grade gold ever mined in Ontario and includes strategically located claims immediately along trend from the Fenn-Gib gold deposit (1.35 million ounces indicated and 0.75 million ounces inferred); (2) the large Golden Mile property in the Timmins gold camp that is optioned to Teck Resources Ltd. who can earn up to 66% by spending $5M; and (3) the 50/50 Joint Venture with Carlin Gold Corporation with a district-scale land position in an emerging new Carlin-type gold district in Yukon. Please visit the Company�s website (www.constantinemetals.com) for more detailed company and project information.

On Behalf of Constantine Metal Resources Ltd.

�Garfield MacVeigh�

President & C.E.O.                                                               

For further information please contact:

Garfield MacVeigh, President or Darwin Green, VP Exploration
Phone: 604-629-2348.  Email: info@constantinemetals.com

 

Notes

Forward looking statements:  This news release includes certain �forward-looking information� within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements").� Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as �seek�, �anticipate�, �believe�, �plan�, �estimate�, "forecast", �expect�, "potential", "project", "target", "schedule", budget" and �intend� and statements that an event or result �may�, �will�, �should�, �could� or �might� occur or be achieved and other similar expressions and includes the negatives thereof.  All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the expected. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  Forward-looking statements are based on a number of material factors and assumptions.  Important factors that could cause actual results to differ materially from Company�s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated.  There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Constantine Metal Resources Ltd.
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Constantine Metal Resources Ltd.

EXPLORATION STAGE
CODE : CEM.V
ISIN : CA2103171039
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Constantine Metal is a gold and copper exploration company based in Canada.

Constantine Metal holds various exploration projects in Canada.

Its main exploration properties are CROESUS, PALMER, CONSTANTINE CARLIN MAYO CLAIMS and AZTEC PROPERTY in Canada.

Constantine Metal is listed in Canada. Its market capitalisation is CA$ 40.5 millions as of today (US$ 32.4 millions, € 28.4 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.91, and its lowest recent point on August 30, 2013 at CA$ 0.04.

Constantine Metal has 117 340 000 shares outstanding.

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Annual reports of Constantine Metal Resources Ltd.
2007 Annual report
2006 Annual report
Financings of Constantine Metal Resources Ltd.
3/20/2011Closes $2.25 Million Flow-Through Share Financing
3/13/2011Announces $2.25 Million Guaranteed Agency Financing
1/14/2010Exercised Warrants Raise $2.4 Million Cash For Constantine
6/17/2009$3,000,000 Non-Brokered Financing Announced
Project news of Constantine Metal Resources Ltd.
7/27/2017(Palmer)Reports New Silver-Gold Discovery at Nunatak and High-Grade ...
7/6/2016(Palmer)Commences Drill Program at Palmer Copper-Zinc-Silver-Gold Pr...
5/9/2016(Palmer)Announces Plans and Budget for 2016 Palmer Copper-Zinc-Silve...
5/4/2016Critics question mine exploration near Alaska eagle preserve
2/19/2014Announces Winter Drill Program Underway at Golden Mile Prope...
1/28/2014(Palmer)Announces US$6.2 Million Budget for 2014 Palmer Copper-Zinc-...
11/4/2013(Palmer)Reports Positive Metallurgical Results for the Palmer Projec...
6/12/2013(Palmer)Commences Drilling on the Palmer VMS Project, Alaska $3.0 Mi...
2/4/2013Signs Option & Joint Venture Agreement with Dowa Metals & Mi...
1/17/2013(Palmer)Announces Signing Date for Option and Joint Venture Agreemen...
11/5/2012(Palmer)Signs Letter Agreement with Dowa Metals and Mining on the Pa...
8/8/2012Finds Horseshoe Zone on Trend with Lake Shore’s Fenn-Gib Dep...
8/7/2012Announces Election by Major to Proceed with Golden Mile Prop...
3/5/2012Acquires Golden Mile Property
12/28/2011VP of Exploration Darwin Green to appear on the Next Biggest...
11/30/2011Reports Drill Assays for Trapper Gold Project, British Colum...
8/23/2011’s Partner Reports Update On 25 Hole Drill Program At Trappe...
6/23/2011Carlin JV Commences Work Program On Sixteen Yukon Gold Prope...
6/16/2011Reports Commencement Of $4.0 Million Exploration Program At ...
4/14/2011Carlin JV Expands Property Position In Yukon’s New Carlin-Ty...
3/31/2011(Croesus)Adds Second Drill At Munro-Croesus Gold Project, Ontario
3/13/2011(Croesus)Commences Drill Program At Munro-Croesus Bonanza Grade Gold ...
2/28/2011(Constantine Carlin Mayo Claims)Carlin JV Acquires Strategic Claim Block In Yukon’s New Carl...
2/17/2011(Aztec Property)Carlin JV Expands Yukon Gold Portfolio Aztec Property Acquis...
2/9/2011Acquires Hornet Creek Gold-Copper Property In Idaho, USA
8/4/2010(Palmer)Intersects 3.1% Copper Over 4.2 Meters within 7.1 Meters of ...
11/19/2009(Palmer)Positive Mineralogy And Metallurgical Projections For Palmer...
10/22/2009(Palmer)Expands Area Of Massive Sulphide And Reports Significant Off...
9/10/2009(Palmer)Intersects 6.1 Meters Of 1.5% Copper And 9.2% Zinc In Deepes...
7/28/2009(Palmer)Completes Financing And Commences Drilling At Palmer VMS Pro...
2/10/2009(Croesus)Commences Drill Program at Munro-Croesus Gold Project
2/9/2009(Croesus)and Wahgoshig First Nation Enter into Exploration Agreement
12/2/2008(Palmer)Reports More Wide Intersections At The South Wall Zone
Corporate news of Constantine Metal Resources Ltd.
7/6/2016Constantine Commences Drill Program at Palmer Copper-Zinc-Si...
6/30/2016Constantine Issues Stock Options
11/24/2015Constantine Reports 2015 Exploration Program Results from Pa...
7/28/2015Constantine Signs Selection Agreement with Dowa on Land Trus...
6/26/2015Constantine Files NI-43-101 Report for Updated Inferred Mine...
6/25/2015Constantine Files NI-43-101 Report for Updated Inferred Mine...
3/9/2015Constantine Issues Finder’s Fee Shares and Stock Options
3/9/2015Constantine Issues Finder's Fee Shares and Stock Options
3/9/2015Issues Finder's Fee Shares and Stock Options
3/3/2015Constantine Announces US$5.0 Million Budget for 2015 Palmer ...
2/23/2015Constantine 2014 Year-end Financial Information Released
2/5/2015Constantine Receives US $250,000 Option Payment from Dowa
1/26/2015Constantine Reports Final Drill Results and Provides 2014 Ex...
9/29/2014Constantine Intersects 89 Meters of 5.0% Zinc, 0.8% Copper, ...
9/9/2014Constantine Signs Mining Lease on Land Package Surrounding t...
8/19/2014Constantine Reports Japan Oil, Gas and Metals National Corpo...
7/22/2014Constantine Reports Significant 150 meter Step-Out Drill Int...
5/29/2014Constantine Crews Mobilize for US$6.2 Million +10,000 Meter ...
5/9/2014Constantine Completes Drill Program at Golden Mile Property ...
4/16/2014Constantine to Acquire Major Land Package Surrounding the Pa...
10/8/2013(Palmer)Intersects 24.7 Meters of 2.0% Copper and 8.5% Zinc in Addit...
8/12/2013(Palmer)Intersects 21.7 Meters of 2.4% Copper and 9.1% Zinc in Step-...
8/8/2013Acquires Insider Share Position in Dunnedin Ventures Inc.
7/9/2013to Sell Interest in Trapper Gold Property to Ocean Park Vent...
5/3/2013The Company Announces Adoption of Advance Notice Policy for ...
3/19/2013Notice of TSX Acceptance of Option & Joint Venture Agreement...
5/9/2012Announces Strategic Financing and Property Rights Agreements...
2/27/2012to Spin-Out Yukon Gold Assets into New Company
1/17/2012Reports Final Drill Results for Trapper Gold Project, Britis...
1/9/2012Upcoming Events
9/20/2011(Croesus)Reports Final Drill Results at Munro-Croesus Gold Project, O...
9/6/2011Carlin Yukon JV Defines 6.5 Km Long Gold And Arsenic Soil An...
8/9/2011Carlin JV Defines Multiple Soil/Silt Anomalies On Yukon Gold...
6/8/2011(Croesus)Reports Drill Results And New Developments At The Munro-Croe...
2/22/2011Signs New Investor Relations Agreement
6/22/2010Acquires Phoenix Lake Gold Property In South Timmins Area, O...
5/19/2010Acquires Trapper Lake Gold Property In Northern British Colu...
7/23/2009$3 Million Unit Financing Closed
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