Press Release Source: Constitution Mining
Constitution Mining receives permits to proceed with Gold Sands drill program
* On Wednesday April 29, 2009, 3:32 pm EDT
*
Buzz up!
* Print
Related:
* Constitution Mining Corp.
BUENOS AIRES, ARGENTINA--(MARKET WIRE)--Apr 29, 2009 --
Constitution Mining receives permits to proceed with Gold Sands drill Program
Related Quotes
Symbol Price Change
CMIN.OB 0.39 -0.02
Chart for CONSTITUTION MINING
{"s" : "cmin.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""}
Buenos Aires, Argentina - April 29th, 2009 - Constitution Mining Corp. (CMIN.OB) announces that the Department of Environmental Affairs of the Ministry of Mining and Energy in Lima, Peru has approved the Company's Environmental Impact Declaration or DIA ("Declaración de Impacto Ambiental") which it submitted in mid-March 2009 and issued a Category 1 exploration permit. This approval enables Constitution to proceed with its initial 20-hole drill program.
The approval was granted by Resolution Nr 011-2009-MEM-AAM and resulted from extensive work carried out by the Company and its environmental consultants, AMEC Peru SA. "We are very pleased with the outcome of the DIA application which was approved without modification and within the regulated timeframe," commented Constitution Mining CEO, Dr Willem Fuchter, who further added, "This was a result of the diligent work undertaken by our field personnel in conjunction with our industry-partner AMEC and the full support of local communities."
AMEC is continuing with additional baseline studies covering all of CMIN's mineral properties in order to produce and submit an Environmental Impact Assessment or EIAsd ("Estudio de Impacto Ambiental semudetallado") permit application so that a Category II exploration program can commence immediately upon the successful conclusion of the Category I 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 (229 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.
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
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.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
AI
