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February 19, 2014
Vancouver, BC – 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.
For further information please contact:
Garfield MacVeigh, President or Darwin Green, VP Exploration
Phone: 604-629-2348. Email: [email protected]
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