Constantine Announces Winter Drill Program Underway at Golden Mile Property, Ontario
February 19 2014 - 9:00AM
Marketwired
Constantine Announces Winter Drill Program Underway at Golden Mile
Property, Ontario
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 19, 2014) -
Constantine Metal Resources Ltd. (TSX-VENTURE:CEM) ("Constantine"
or the "Company") is pleased to announce that a five hole, minimum
1000 meter, winter drill program has commenced on the Company's
Golden Mile property ("Golden Mile" or "the Property") in Timmins,
Ontario. The Property is currently optioned to Teck Resources
Limited ("Teck") (see news release dated May 9, 2012 for Agreement
terms) and the program is being funded by Teck and managed by
Constantine.
Garfield MacVeigh, President and CEO of Constantine, states, "We
are excited to have our crews mobilized and drilling in progress at
the Golden Mile in a relatively underexplored part of the Timmins
gold mining camp."
The minimum 1000 meter Golden Mile drill program is expected to
last around one month and will test coincident geophysical,
geological and geochemical targets that are located in an excellent
geological and structural setting within the high-grade Timmins
gold camp that has received only limited historic drilling owing to
extensive overburden cover.
About Golden Mile
Golden Mile is a large, 68 square kilometer property located 9
kilometers northeast of Goldcorp's multi-million ounce Hoyle Pond
deposit and covers the projection of the Pipestone Fault System on
the north margin of the Timmins gold camp that has produced more
than 55 million ounces of gold.
About the Company
Constantine is a mineral exploration company with a focus on
premier North American mining environments. A US$ 6.2 million 2014
drill focussed exploration budget (see news release -January 28,
2014) has been approved for our flagship Palmer
copper-zinc-silver-gold VMS Project located in Alaska that is being
advanced in partnership with Dowa Metals & Mining Co., Ltd.
Constantine also has a pipeline of other quality projects that
includes; (1) the 100% owned Timmins area Munro-Croesus Project, a
past-producing mine property that yielded some of the highest grade
gold ever mined in Ontario and includes strategically located
claims immediately along trend from the Fenn-Gib gold deposit (1.35
million ounces indicated and 0.75 million ounces inferred); (2) the
large Golden Mile property in the Timmins gold camp that is
optioned to Teck Resources Limited, who can earn up to 66% by
spending $5M; and (3) the 50/50 Joint Venture with Carlin Gold
Corporation exploring an approximately 800 sq. km land position in
an emerging new Carlin-type gold district in Yukon. Please visit
the Company's website (www.constantinemetals.com) for more detailed
company and project information.
On Behalf of Constantine Metal Resources Ltd.
Garfield MacVeigh, President
Notes:
Forward-looking statements: This news release includes
certain "forward-looking information" within the meaning of
Canadian securities legislation and "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 (collectively "forward-looking
statements")." Forward-looking statements include predictions,
projections and forecasts and are often, but not always, identified
by the use of words such as "seek", "anticipate", "believe",
"plan", "estimate", "forecast", "expect", "potential", "project",
"target", "schedule", "budget" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur
or be achieved and other similar expressions and includes the
negatives thereof. All statements other than statements of
historical fact included in this release, including, without
limitation, statements regarding the expected. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are
based on a number of material factors and assumptions. Important
factors that could cause actual results to differ materially from
Company's expectations include actual exploration results, changes
in project parameters as plans continue to be refined, results of
future resource estimates, future metal prices, availability of
capital and financing on acceptable terms, general economic, market
or business conditions, uninsured risks, regulatory changes,
defects in title, availability of personnel, materials and
equipment on a timely basis, accidents or equipment breakdowns,
delays in receiving government approvals, unanticipated
environmental impacts on operations and costs to remedy same, and
other exploration or other risks detailed herein and from time to
time in the filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ from
those described in forward-looking statements, there may be other
factors that cause such actions, events or results to differ
materially from those anticipated. There can be no assurance that
forward-looking statements will prove to be accurate and
accordingly readers are cautioned not to place undue reliance on
forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Constantine Metal Resources Ltd.Garfield
MacVeighPresident604-629-2348Constantine Metal Resources Ltd.Darwin
GreenVP Exploration604-629-2348info@constantinemetals.com
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