The Logic of Big
Success in developing a gold deposit can mean fortune-making success for early investors. But gold mining is a hazard-filled business, especially in a project's earlier stages. Accepting those risks only makes sense when the potential pay-off is big -- and then it can make very good sense. That's the logic of big. Concentrate on large prospects. Devote resources to exploration and development only where there is the visible potential for an elephant-size reward.
Our Big Commitment
Constitution Mining is committed to the logic of big as the smartest way to build value for our shareholders.
- To find elephants, go to elephant country. The Earth is dotted with small gold deposits. But only certain districts offer the possibility of developing multi-million-ounce resources.
- Go where elephant-hunting is respected and encouraged. Avoid locales with unreasonable political risks.
- Go with proven elephant hunters. That means assembling a management team with big-mine experience and working with industry partners that share the Go-Big philosophy.
What We're Doing In Peru
Constitution Mining controls 461 square kilometers (178 square miles) of Gold Sands in northeastern Peru. Previous exploration identified the Peruvian Gold Sands as a possible "elephant" deposit of alluvial gold - and big even by elephant standards. CMIN reported on March 26th, 2010 that it has successfully completed a 26-hole exploratory Phase I drill program designed to test the company's entire Gold Sands property package - including the recently optioned extensions to the north and south. Subsequently, the Company announced on March 31st it had ordered two more Banka drills and was ramping up drilling capacity in advance of an upcoming Phase II drill program. Click here to LEARN MORE
What We're Doing In Nevada
CMIN reported on April 1st it had executed a definitive and binding Asset Purchase Agreement with Seabridge Gold on 30 Nevada-based gold projects comprising 2,141 claims, mostly located in the heart of Nevada's prolific Walker Lane gold belt. The most advanced project in the package of mineral claims is the Castle Black Rock gold project in Esmeralda county, which has an NI-43-101-compliant gold resource of 215,000 ounces in the measured and indicated categories (12.38 million tonnes grading 0.54 gram of gold per tonne) and 93,000 ounces in the inferred category (7.95 million tonnes grading 0.37 gram of gold per tonne). Management considers the potential for the Company to expand on the existing base of 308,000 ounces of gold resources in Nevada to be high. Click here to LEARN MORE