Constitution Mining Completes Initial Social Base Line Study in Gold Sands District
Buenos Aires, Argentina - April 8th, 2009 - Constitution Mining Corp. (CMIN.OB) announces the successful completion of a social base line study following a series of individual and community meetings held with local residents, which identified the social and economic realities of developing the Gold Sands district.
The program included meetings and interviews with relevant stakeholders and was conducted with the help of the Company's Community Relations Officer in conjunction with CMIN's industry partners, the Stocker Group and AMEC. The primary focus was to assess the needs of the communities and to provide information to the public with respect to the Company's exploration and development program. More importantly, the program has provided a channel for the Company to articulate and demonstrate in a transparent and continuous way its commitment to sustainable development in a participative relationship with local communities and with respect to local culture, values and traditions, as well as the environment.
Constitution Mining CEO, Dr. Willem Fuchter commented, "Having identified the needs of the surrounding communities, we have established a workable plan that can create a long lasting win-win relationship for our shareholders, local residents and Peru in general."
Approximately 400 in-depth interviews were conducted by the Stocker Group with heads of households, community leaders, administration officials, church groups, and locally-resident NGOs. The findings of the initial study indicated a deficiency in general infrastructure (water, sanitary installations), housing, education, medical services and employment opportunities. In general, the expectations of the communities are with employment possibilities in an environmentally friendly project, while the authorities showed a deep interest in the development potential that the project may have for the district as a whole.
Dr. Fuchter continued, "The fact that we are introducing 'clean and green' mining methods and technologies to extract gold from the host sands and gravels was key to gaining broad community support. We aim to be a shining example of how 21st century mining can achieve excellence in environmental standards, in addition to how to successfully marry local community interests to those of our shareholders."
In a Community Workshop organized by AMEC, as mandated under Peruvian law and with officials from the Ministry of Mining and Energy officials in attendance, local authority representatives offered all necessary support while acknowledging that approval has to be granted by the community; this was unanimously obtained, and the Company is now in a position to proceed with its exploration and development program.
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.
Investor Inquiries Toll Free: 888-475-0070 Direct Dial: 646-755-3352 Email: Info@ConstitutionMining.com
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.