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Constitution Mining: Drilling Begins at the Gold
Sands in Peru
Lima, Peru - August 14, 2009 - Constitution Mining
Corp. (CMIN.OB) announces it has begun drilling
the first of 500 holes planned for its Gold Sands Project in northeastern
Peru.
The objectives of the drill program are to:
• Confirm and define resources in the Discovery Area and
• Extend known mineralization over the rest of CMIN's 382 square kilometer
(148 square mile) mineral holdings in the Gold Sands.
During the next 18 months, Constitution Mining intends to drill 500
holes to depths of approximately 50 meters (164 feet). Of these, 200 holes
will be dedicated to resource definition in the Discovery Zone and will be
drilled on a 100 meter x 100 meter grid. The Discovery Zone holes are a
step toward defining reserves that would support trial mining operations
beginning in about 24 months.
The remaining 300 holes will be drilled to extend the size of the
resource base by exploring for additional gold mineralization. The 300 exploratory holes will
be widely spaced across the entire Gold Sands district. The additional
mineralization so outlined would be defined further by follow-up, in-fill
drilling at progressively tighter spacing.
Constitution Mining
CEO, Dr. Willem Fuchter commented: "Having completed the preparations
needed to gain the maximum data from every drill dollar, we are pleased to
announce that drilling has begun at our Gold Sands project in northeastern
Peru. Our preparation included assembling a carefully balanced team of
independent alluvial experts to assist, manage and monitor the drilling and
expanded development of this opportunity."
Paul Johnson, of
U.S.-based Johnson Drilling Company, is the lead driller on CMIN's project.
Mr. Johnson has extensive, multi-continent experience in churn drilling,
including a large alluvial gold project in the Republic of Guinea. The work
of Johnson Drilling is being supported by MDS Drilling of Peru, under the
supervision of Dan Erasmus. Like Paul Johnson, Mr. Erasmus has a broad
background - particularly with respect to drilling and shaft-sinking. His
experience includes projects in Africa, Asia and South America, including
Peru.
CMIN's 500-hole drill
program will be supplemented with a modest pitting program to characterize
the sands and gravels. This will add to the understanding of the local
controls to the gold mineralization and will assist in evaluating the
"diggability" and "dredgability" of the gold-bearing
sands and gravels.
Drill and pit samples
will be reduced in the field to a concentrate and then be transferred to
CMIN's field laboratory in the nearby town of Saramiriza. There the gold
will be recovered from the concentrate and precisely weighed. This work is
under the direction of a separate U.S.-based, independent consultant, John
Hayes of WorleyParsons. Mr. Hayes is a mining engineer with over 30 years
of experience in the exploration, development and operation of alluvial
deposits in Alaska, New Zealand and West Africa. He also has consulted on
gold sands-type projects in California, Oregon, Colombia, Guinea and Ghana.
Mr. Hayes' independent technical expertise will support development of
internationally acceptable exploration results and reports in preparation
for third-party technical auditing by industry-renowned Scott Wilson Roscoe
Postle Associates of Canada.
Dr. Fuchter continued,
"Based on our assessment of the potential for this project to develop
quite rapidly, Constitution has acquired an additional drill to support the
company's Bucyrus Erie 20W churn rig - the one that is now drilling. This
new Manual Banka 6"drill will be used as a ‘field scout' to test the
gold mineralization beyond the Discovery Zone and throughout the entire
Gold Sands region. We have also begun discussions to purchase a
high-performance drill, such as the Foremost DR-12 Dual Rotary rig, which
we intend to have on location before the end of Q4 2009."
"We look forward
to announcing drill results shortly and building long-term value for all our
shareholders," added Dr. Fuchter.
About Constitution
Mining Corp.
Our goal is to continuously increase the amount of gold underlying each of
our outstanding shares. To build such value, we are focusing on the rapidly
developing Gold Sands region of Peru, where we have optioned 382 square
kilometers (147.5 square miles) of mining properties - the largest such
block in the district.
The Gold Sands of Peru
were laid down by eons of alluvial erosion. For millions of years, the
waters of the Santiago and the Maranon rivers have been carving their way
through the gold-rich mountain canyons of the Andes, carrying off vast
amounts of gold and depositing much of the treasure in loose gravels and
sands - Gold Sands - below the Manseriche gorge in Northeastern Peru. There
the rivers reach a broad flood plain, slow to a crawl and release their
cargo.
Drilling results from
more than 500 test holes in a 'proof of concept' zone located on
Constitution Mining's properties indicate the presence of tens of millions
of ounces of alluvial gold in the region. We intend to capture the profit
potential of that gold by applying recently enhanced mining technologies
that are especially well suited to low-density, near-surface deposits.
These green-mining technologies are energy-efficient and environmentally
friendly -- features that support their profitable use.
Further information
about Constitution Mining Corp may be found 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
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