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Constantine Metal Resources Ltd.

Publié le 13 mars 2011

Commences Drill Program At Munro-Croesus Bonanza Grade Gold Project, Ontario

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Constantine Metal Resources Ltd.

CONSTANTINE COMMENCES DRILL PROGRAM AT MUNRO-CROESUS
BONANZA GRADE GOLD PROJECT, ONTARIO

Constantine Metal Resources Ltd. (TSX Venture � CEM) ("Constantine" or the "Company") is pleased to announce the start of a planned minimum 3,000 meter, 10-15 hole, drill program on its Munro-Croesus Gold Project located 75 kilometers east of Timmins, Ontario and within the influence of the prolific Porcupine Destor Deformation Zone. The Munro-Croesus property includes the formerly producing Croesus mine (1914-1933) known to have produced some of the highest grade gold ever mined in Ontario*. Five Croesus gold specimens held by the Royal Ontario Museum weigh 85 pounds collectively and contain 480.7 ounces of gold or 11,310 ounces gold per short ton (387,771 grams per tonne).

The drill program will target the immediate Croesus mine at depth and for faulted extensions of the exceptionally high-grade vein that was originally mined. A close spaced, 10 to 20 meter pattern of drill holes will test for bonanza grade chutes within the newly identified vein structures intersected in previous drilling by Constantine (see news release dated April 9th, 2009). Some of the high-grade chutes of the original mined vein material contained 20 to 30 percent by weight gold. The Company plans to test the potential for similar as yet undiscovered bonanza grade chutes by utilizing down-hole geophysical methods. The orientation down-hole geophysical surveys will be evaluated using close spaced drill holes from the current program.

Garfield MacVeigh, President and CEO of the Company states: �Past work by the Company has established a very specific and unique bonanza grade gold target at Croesus that is part of a much larger gold endowed environment sharing many of the hallmarks of classic Timmins gold systems. We eagerly look forward to evaluating this opportunity.�

Except for a few brief option periods to publicly traded companies, the Croesus mine property has been in private hands since its discovery in 1914, prior to acquisition by Constantine in 2007. Constantine has completed two drill campaigns on the property in early 2008 and early 2009 for a total of 2,864 meters. The drilling discovered a new footwall vein zone (12.2 g/t gold over 0.46 m) under the historic mine workings with vein geometry interpreted to be similar to the mined vein. The new vein zone occurs within the same distinct sulphide-carbon rich host rock sequence and shares the same broad gray-zone alteration with associated arsenopyrite mineralization.

About the Company

Constantine is a gold and copper exploration company with multiple active projects located in premier North American exploration environments. These are highlighted by the 100% owned Palmer Project, where Constantine has discovered a new copper-zinc-silver-gold deposit in a very accessible part of southeast Alaska, and the Munro-Croesus Project, that includes a past-producing mine property that yielded some of the highest grade gold ever mined in Ontario. The Palmer Project is host to a National Instrument 43-101 compliant 4.12 million tonne inferred resource grading 2.01% copper, 4.79% zinc, 0.30 g/t gold and 31 g/t silver (using an NSR cut-off of US$75/t; see news release dated January 20, 2010) that is open to expansion.

Constantine controls a major land position in an emerging new Carlin-type gold district in Yukon that is part of a 50/50 joint venture with Carlin Gold Corporation, and recently optioned its Trapper Gold Project in northern British Columbia to Ocean Park Ventures Ltd. which is committed to spend a minimum $750,000 this year as part of its $4.75 million 50% earn-in. The drill ready Trapper Gold Project hosts a +2000 meter long by 200 meter wide gold-arsenic soil anomaly with values up to 8.6 g/t gold. In addition, Constantine has a 100% interest in the large, 8300 hectare, Phoenix Gold project in the active Shining Tree gold area, Ontario and a 100% interest in the newly acquired Hornet Creek gold-copper-barite prospect in west-central Idaho.

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

Investor relations enquiries, please contact:
R.E. (Bob) Jeffery
Phone: 250-335-2011
Email:
bob@constantinemetals.com or Email: info@constantinemetals.com
or
Jim MacDonald, Torrey Hills Capital
Phone: 858-456-7300
Email:
jm@sdthc.com

www.constantinemetals.com

* As reported in the 60th Annual Report of the Ontario Department of Mines, Geology of Munro Township, J. Satterly vol. LX, Part VIII, 1951

Darwin Green P.Geo, Vice President for Constantine Metal Resources Ltd. and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.

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 expected completions of financings and the use of proceeds thereof, potential mineralization, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, and future plans and objectives of the Companies are forward-looking statements that involve various risks and uncertainties. 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 Companies� 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 Companies with securities regulators.  Although the Companies have 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.

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Constantine Metal Resources Ltd.

EXPLORATEUR
CODE : CEM.V
ISIN : CA2103171039
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Constantine Metal est une société d’exploration minière d'or et de cuivre basée au Canada.

Constantine Metal détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont CROESUS, PALMER, CONSTANTINE CARLIN MAYO CLAIMS et AZTEC PROPERTY au Canada.

Constantine Metal est cotée au Canada. Sa capitalisation boursière aujourd'hui est 40,5 millions CA$ (32,4 millions US$, 33,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,91 CA$, et son plus bas niveau récent le 30 août 2013 à 0,04 CA$.

Constantine Metal possède 117 340 000 actions en circulation.

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Rapports annuels de Constantine Metal Resources Ltd.
2007 Annual report
2006 Annual report
Financements de Constantine Metal Resources Ltd.
20/03/2011Closes $2.25 Million Flow-Through Share Financing
13/03/2011Announces $2.25 Million Guaranteed Agency Financing
14/01/2010Exercised Warrants Raise $2.4 Million Cash For Constantine
17/06/2009$3,000,000 Non-Brokered Financing Announced
Projets de Constantine Metal Resources Ltd.
27/07/2017(Palmer)Reports New Silver-Gold Discovery at Nunatak and High-Grade ...
06/07/2016(Palmer)Commences Drill Program at Palmer Copper-Zinc-Silver-Gold Pr...
09/05/2016(Palmer)Announces Plans and Budget for 2016 Palmer Copper-Zinc-Silve...
04/05/2016Critics question mine exploration near Alaska eagle preserve
19/02/2014Announces Winter Drill Program Underway at Golden Mile Prope...
28/01/2014(Palmer)Announces US$6.2 Million Budget for 2014 Palmer Copper-Zinc-...
04/11/2013(Palmer)Reports Positive Metallurgical Results for the Palmer Projec...
12/06/2013(Palmer)Commences Drilling on the Palmer VMS Project, Alaska $3.0 Mi...
04/02/2013Signs Option & Joint Venture Agreement with Dowa Metals & Mi...
17/01/2013(Palmer)Announces Signing Date for Option and Joint Venture Agreemen...
05/11/2012(Palmer)Signs Letter Agreement with Dowa Metals and Mining on the Pa...
08/08/2012Finds Horseshoe Zone on Trend with Lake Shore’s Fenn-Gib Dep...
07/08/2012Announces Election by Major to Proceed with Golden Mile Prop...
05/03/2012Acquires Golden Mile Property
28/12/2011VP of Exploration Darwin Green to appear on the Next Biggest...
30/11/2011Reports Drill Assays for Trapper Gold Project, British Colum...
23/08/2011’s Partner Reports Update On 25 Hole Drill Program At Trappe...
23/06/2011Carlin JV Commences Work Program On Sixteen Yukon Gold Prope...
16/06/2011Reports Commencement Of $4.0 Million Exploration Program At ...
14/04/2011Carlin JV Expands Property Position In Yukon’s New Carlin-Ty...
31/03/2011(Croesus)Adds Second Drill At Munro-Croesus Gold Project, Ontario
13/03/2011(Croesus)Commences Drill Program At Munro-Croesus Bonanza Grade Gold ...
28/02/2011(Constantine Carlin Mayo Claims)Carlin JV Acquires Strategic Claim Block In Yukon’s New Carl...
17/02/2011(Aztec Property)Carlin JV Expands Yukon Gold Portfolio Aztec Property Acquis...
09/02/2011Acquires Hornet Creek Gold-Copper Property In Idaho, USA
04/08/2010(Palmer)Intersects 3.1% Copper Over 4.2 Meters within 7.1 Meters of ...
19/11/2009(Palmer)Positive Mineralogy And Metallurgical Projections For Palmer...
22/10/2009(Palmer)Expands Area Of Massive Sulphide And Reports Significant Off...
10/09/2009(Palmer)Intersects 6.1 Meters Of 1.5% Copper And 9.2% Zinc In Deepes...
28/07/2009(Palmer)Completes Financing And Commences Drilling At Palmer VMS Pro...
10/02/2009(Croesus)Commences Drill Program at Munro-Croesus Gold Project
09/02/2009(Croesus)and Wahgoshig First Nation Enter into Exploration Agreement
02/12/2008(Palmer)Reports More Wide Intersections At The South Wall Zone
Communiqués de Presse de Constantine Metal Resources Ltd.
06/07/2016Constantine Commences Drill Program at Palmer Copper-Zinc-Si...
30/06/2016Constantine Issues Stock Options
24/11/2015Constantine Reports 2015 Exploration Program Results from Pa...
28/07/2015Constantine Signs Selection Agreement with Dowa on Land Trus...
26/06/2015Constantine Files NI-43-101 Report for Updated Inferred Mine...
25/06/2015Constantine Files NI-43-101 Report for Updated Inferred Mine...
09/03/2015Constantine Issues Finder’s Fee Shares and Stock Options
09/03/2015Issues Finder's Fee Shares and Stock Options
09/03/2015Constantine Issues Finder's Fee Shares and Stock Options
03/03/2015Constantine Announces US$5.0 Million Budget for 2015 Palmer ...
23/02/2015Constantine 2014 Year-end Financial Information Released
05/02/2015Constantine Receives US $250,000 Option Payment from Dowa
26/01/2015Constantine Reports Final Drill Results and Provides 2014 Ex...
29/09/2014Constantine Intersects 89 Meters of 5.0% Zinc, 0.8% Copper, ...
09/09/2014Constantine Signs Mining Lease on Land Package Surrounding t...
19/08/2014Constantine Reports Japan Oil, Gas and Metals National Corpo...
22/07/2014Constantine Reports Significant 150 meter Step-Out Drill Int...
29/05/2014Constantine Crews Mobilize for US$6.2 Million +10,000 Meter ...
09/05/2014Constantine Completes Drill Program at Golden Mile Property ...
16/04/2014Constantine to Acquire Major Land Package Surrounding the Pa...
08/10/2013(Palmer)Intersects 24.7 Meters of 2.0% Copper and 8.5% Zinc in Addit...
12/08/2013(Palmer)Intersects 21.7 Meters of 2.4% Copper and 9.1% Zinc in Step-...
08/08/2013Acquires Insider Share Position in Dunnedin Ventures Inc.
09/07/2013to Sell Interest in Trapper Gold Property to Ocean Park Vent...
03/05/2013The Company Announces Adoption of Advance Notice Policy for ...
19/03/2013Notice of TSX Acceptance of Option & Joint Venture Agreement...
09/05/2012Announces Strategic Financing and Property Rights Agreements...
27/02/2012to Spin-Out Yukon Gold Assets into New Company
17/01/2012Reports Final Drill Results for Trapper Gold Project, Britis...
09/01/2012Upcoming Events
20/09/2011(Croesus)Reports Final Drill Results at Munro-Croesus Gold Project, O...
06/09/2011Carlin Yukon JV Defines 6.5 Km Long Gold And Arsenic Soil An...
09/08/2011Carlin JV Defines Multiple Soil/Silt Anomalies On Yukon Gold...
08/06/2011(Croesus)Reports Drill Results And New Developments At The Munro-Croe...
22/02/2011Signs New Investor Relations Agreement
22/06/2010Acquires Phoenix Lake Gold Property In South Timmins Area, O...
19/05/2010Acquires Trapper Lake Gold Property In Northern British Colu...
23/07/2009$3 Million Unit Financing Closed
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