Constitution Mining Completes Initial Social Base Line Study in GoldSands District

Mittwoch, 08.04.2009 15:05 von Hugin - Aufrufe: 168

Constitution Mining Completes Initial Social Base Line Study in Gold
Sands District
 
Buenos Aires, Argentina - April 8th, 2009 - Constitution Mining Corp.
(CMIN.OB) announces the successful completion of a social base line
study following a series of individual and community meetings held
with local residents, which identified the social and economic
realities of developing the Gold Sands district.
 
The program included meetings and interviews with relevant
stakeholders and was conducted with the help of the Company's
Community Relations Officer in conjunction with CMIN's industry
partners, the Stocker Group and AMEC. The primary focus was to assess
the needs of the communities and to provide information to the public
with respect to the Company's exploration and development program.
More importantly, the program has provided a channel for the Company
to articulate and demonstrate in a transparent and continuous way its
commitment to sustainable development in a participative relationship
with local communities and with respect to local culture, values and
traditions, as well as the environment.
 
Constitution Mining CEO, Dr. Willem Fuchter commented, "Having
identified the needs of the surrounding communities, we have
established a workable plan that can create a long lasting win-win
relationship for our shareholders, local residents and Peru in
general."
 
Approximately 400 in-depth interviews were conducted by the Stocker
Group with heads of households, community leaders, administration
officials, church groups, and locally-resident NGOs. The findings of
the initial study indicated a deficiency in general infrastructure
(water, sanitary installations), housing, education, medical services
and employment opportunities. In general, the expectations of the
communities are with employment possibilities in an environmentally
friendly project, while the authorities showed a deep interest in the
development potential that the project may have for the district as a
whole.
 
Dr. Fuchter continued, ""The fact that we are introducing 'clean and
green' mining methods and technologies to extract gold from the host
sands and gravels was key to gaining broad community support. We aim
to be a shining example of how 21st century mining can achieve
excellence in environmental standards, in addition to how to
successfully marry local community interests to those of our
shareholders."
 
In a Community Workshop organized by AMEC, as mandated under Peruvian
law and with officials from the Ministry of Mining and Energy
officials in attendance, local authority representatives offered all
necessary support while acknowledging that approval has to be granted
by the community; this was unanimously obtained, and the Company is
now in a position to proceed with its exploration and development
program.
 
About Constitution Mining Corp.
Constitution Mining intends to consistently increase the amount of
honest money - gold and silver - underlying the number of shares the
company has outstanding. The company's primary area of focus to
create this value is the rapidly developing region known as the "Gold
Sands of Peru", where it has optioned 382km2 (229 square miles) of
mining properties - the largest property holdings in the district.
The Gold Sands of Peru have been formed by the erosion of the
gold-rich hinterland. For millions of years two major rivers systems
have been carving their way through the gold-rich Andean mountains of
Peru and Ecuador, depositing gold in loose gravels and sands - Gold
Sands - below the Manseriche gorge in Northeastern, Peru. Privately
funded historical drilling of more than 500 holes in a 'proof of
concept' zone located on Constitution Mining's properties, indicates
the potential for the region to contain many millions of ounces of
alluvial gold. By utilizing new mining technologies that are both
efficient and environmentally friendly, the experienced management of
Constitution Mining fully intends to capitalize on this exciting
opportunity to provide long-term value for all shareholders.
Additional information about Constitution Mining Corp. may be
obtained at http://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.
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