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GoldSands Development Company

Published : March 25th, 2009

Purchases Drill and Appoints Johnson Mining as Lead Driller on the Gold Sands Project

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Keywords :   Argentina | Ecuador | Gold | Johnson | Lead | Peru | Silver |

 

Constitution Mining Purchases First Drill and Appoints US-based Johnson Drilling as Lead Driller on the Gold Sands Project

 

Buenos Aires, Argentina - March 25th, 2009 - Constitution Mining Corp. (CMIN.OB) announces that Paul Johnson, of Johnson Drilling Company will be the lead driller on the Gold Sands Project. Additionally, CMIN is pleased to announce it has purchased a churn drill from Buckeye Supply Company of Zanesville, Ohio that's been customized specifically to enable an efficient and continuous drill program to be carried out throughout the Gold Sands Project area.

Constitution Mining CEO, Dr. Willem Fuchter commented, "Paul Johnson and his team at Johnson Drilling have extensive worldwide experience drilling gold sands-style alluvial projects with similar geological and topographical characteristics as our Gold Sands Project. They are an excellent addition to the impressive team of independent mining industry firms we have contracted to oversee and audit virtually all aspects of our Gold Sands drill program. And now that we have acquired our first drill, complete with all critical spare parts, we look forward to aggressively drilling the potential of this giant alluvial field."

The drill rig has a CAT 3024 4-cylinder diesel engine equipped with a twin disc PTO, 5" drive pulley and Braden 10 ton hydraulic winch. Ancillary equipment purchased includes a full string of drill stems, bits, casing, drive shoes, sand pumps, sample trough and drive heads for drilling classic 6" ID casing with a 7.5" OD drive shoe sample holes.

Dr. Fuchter added, "Considering that our drill rig is capable of drilling up to 30 feet per day and that we plan to drill to depths of 150 feet, we should be able to drill and report a new hole every 7 to 10 days. Therefore, Shareholder's of Constitution Mining could reasonably anticipate that once drilling begins - expected within the new few weeks - we will be delivering a consistent flow of industry recognized drill results."

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 382km2 (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
Toll Free: 888-475-0070
Direct Dial: 646-755-3352
Email: Info@ConstitutionMining.com

www.ConstitutionMining.com





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Data and Statistics for these countries : Argentina | Ecuador | Peru | All
Gold and Silver Prices for these countries : Argentina | Ecuador | 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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OTC BB (CMIN.OB)
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