Constitution Mining Prepares To Ramp Up Drilling Capacity
CMIN Orders 2 Additional Banka Drills
Lima, Peru - March 31, 2010 - Constitution Mining Corp. (CMIN.OB) reports that in preparation for a comprehensive Phase II drill campaign, which is currently being architected with the objective of defining measureable gold resources within well-defined regions, CMIN has ordered the construction of two additional Banka drills from Peru-based Daniel Drilling SAC. Additionally, the two new drills will be motorized and the current Banka drill on site is being equipped with similar technology that will sharply increase drilling capacity.
Constitution Mining's CEO, Dr. Michael Stocker stated, "During the past 18 months while our team of leading alluvial experts spot drilled various regions of our Gold Sands project, they utilized various drilling and processing methods. Where relevant, drill core was processed and analyzed against larger baseline bulk samples that were also taken from the same drill sites. During this process we discovered that the Banka drills are highly effective, particularly in analyzing the top layer of our Gold Sands project, which the drills are effectively able to penetrate to depths of up to 12 meters (40 feet)."
"Armed with a high degree of confidence in the effectiveness and reliability of using Banka drills, we decided to increase our drilling capacity by approximately 500% with these new motorized Banka drills. We will have 4 drills turning sixteen hours per day, per drill, (each drill will be operated by two shifts per day) and to finalize our Phase II drill plan by the end of this week. Implementation of the plan should be swift. The new drills are expected to arrive on site next Tuesday and our field managers have done an excellent job of training local people to equip the drill teams."
Initially, CMIN will have approximately 70 local workers manning the double-shifted Banka drills. Local community leaders, as well as the regional governor have voiced their favorable support for the way CMIN has built strong community relations in the district and whenever possible employed local people.
CMIN Completes Phase I Drill Program In its recent release, CMIN announced it had drilled 26 strategically located holes using Banka drills to average depths of 10 - 12 meters (32 - 40 feet). Gold mineralization was discovered in most of the 26 holes, in many cases, beginning from or near the surface. Three of the holes returned gold grades that exceed levels currently witnessed in several large-scale alluvial dredging locations around the world.
About Seabridge Gold Inc. Seabridge holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral resources by project and resource category please visit the Company's website at www.seabridgegold.net/resources.php.
About Constitution Mining Corp. Our goal is to locate large-scale, commercially viable gold deposits and continuously increase the amount of gold underlying each of our outstanding shares. We're interested primarily in geographical areas that are home to several significant proven gold deposits, including highly prospective districts likely to hold further large deposits.
Our first and most active project is in the Gold Sands region of Peru, where we hold options on 461 square kilometers (178 square miles) of mining property, 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 - in the area the Company now controls.
Results from test holes drilled a decade ago indicated a potential presence of significant alluvial gold. The Company is now engaged in a program of pitting and test-mining with the intention to confirm and extend those earlier results and to gather further data for determining the feasibility of large-scale mining of this vast resource.
The implementation of these programs will require the company to secure additional financing.
Further information about Constitution Mining Corp may be found at www.ConstitutionMining.com
On behalf of the Board:
Dr. Michael Stocker - CEO Constitution Mining Corp. (CMIN.OB)
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.