Constitution Mining Receives More Positive Results From Its Cerro Amarillo Property, Mendoza Province, Argentina.
Buenos Aires, Argentina - October, 29, 2008 - Constitution Mining Corp (CMIN.OB) announces the initial results from its property-wide grab sampling program covering the Cajon Grande prospect within the 14,222 hectare Cerro Amarillo property. The property contains two precious metal-rich porphyry systems (Cerro Amarillo and Cajon Grande) and four colour anomalies (Dead Cow, C2, C3, and C4).
The Cajon Grande prospect lies some five kilometers southwest of the Cerro Amarillo porphyry and contains another center of porphyry mineralization with a stockwork of magnetite-actinolite-garnet veins and a modest amount of skarn. In addition, a series of peripheral narrow siderite-barite-base metal veins and veinlets are located in the hornfelsed sediments that were intruded by the porphyry, as well as a 50m-wide hydrothermal breccia zone.
Some 66 grab samples were taken from these zones, and results returned from the ALS Chemex Laboratory in Mendoza ranged up to 4.23 g/t Au, 1,500 g/t Ag, 4.35% Cu, 6.23% Zn, and 20% Pb.
Constitution Mining CEO, Dr. Willem Fuchter commented, "We will be following-up these results with detailed mapping of the mineralization and alteration at Cajon Grande. We are working to fully map-out the breccia zone, particularly where it disappears beneath glacial scree as this represents a significant drill target."
"With our recent announcement to acquire a leading land position in the Amazon Gold Sands district of Northeastern Peru, coupled with the ongoing success we have been having on our two gold targets in Argentina, we are solidly positioned for growth with several company making opportunities in our portfolio," 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 Marañón 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.
Disclaimer This release contains forward-looking statements that are based on the beliefs of Constitution Mining Corp. management and reflect Constitution Mining Corp. current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate, "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Constitution Mining Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date indicated in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Constitution Mining Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission.