Constitution Mining Corp.
OTC Bulletin Board : CMIN

October 11, 2010 09:31 ET

Constitution Mining Review of Site Visit by MTI Holland BV Managing Director

LIMA, PERU--(Marketwire - Oct. 11, 2010) - Constitution Mining Corp. (OTCBB:CMIN) is pleased to provide the results of a recent visit to its GoldSands properties by Henk van Muijen, Managing Director of MTI Holland B.V. Henk has a mining and mineral processing background from Delft University of Technology. He worked for more than 25 years for IHC Merwede. Most of his career has been directed at dredge mining and related subjects. Since 1993 he has also lectured on alluvial and marine mining at Delft University of Technology, having published more than 40 papers about this subject.

MTI Holland B.V. was retained for consulting services by Constitution Mining Corporation. In line with this service, a site visit to the Rio Marañón project area in Peru was arranged, and this past August, Henk van Muijen, the highest executive and mining specialist of MTI Holland visited Constitution Mining's GoldSands properties. The objective of the visit was to determine further data for a potential test mining, to be implemented once the current drill program II concludes.

Van Muijen stated in part:

"The exploration program is run with a professional attitude following well established procedures...The drilling equipment, consisting of a Churn drill and two Bangka drills is adapted to its task under the Rio Marañón site conditions and (is) well suited for these circumstances...

"Based on these drilling results, a first assumption of the deposit is already drafted which might be sufficient for a trial/pilot mining operation. However, much more exploration work will be required to establish a proper resource/reserve position.

"Based on this model (the depositing model of the Rio Marañón Basin), more in-depth exploration can be executed which might result in deposits that can sustain large dredge mining operations. In this respect, it was encouraging to visit a recently discovered outcrop of a paleo-channel (meaning "old channel" – a remnant of a stream channel cut into older rock and later filled by sediments of younger rock).

"...a pre-feasibility study can be started to evaluate (the possibility of) mining the auriferous fluvial system being explored at the moment. In this study, several dredge mining options can be analyzed for different capacities. Based upon a financial appraisal, the most suitable options can be worked out in more detail and used to prepare a cash flow analysis."

Constitution Mining CEO Michael Stocker states "The discovery of a paleo-channel (which took place during van Mujin's visit), which could potentially contain economically viable alluvial gold deposits, is an important development for the company. This is significant because it indicates that in addition to the mineralization which the company has been encountering on a consistent basis during its drill program, an additional source of gold-bearing mineralization may also exist nearby. 

"I am of course satisfied as well, that an internationally recognized expert like Henk from MTI / IHC Holland confirms that our exploration program is run with a professional attitude following well established procedures. I am very confident that we will conclude our Drill Program II (100 holes) by approximately October 15 and can then work on the conclusions."

About MTI Holland B.V.

MTI HOLLAND B.V., member of the IHC Merwede group, was founded in 1942 in Delft. Today MTI, one of the leading research and development institutes for dredging, dredge mining and dred­ging equipment is situated at Kinderdijk, in the centre of Holland and the centre of the Dutch dredging industry. Originally founded for research and development projects on behalf IHC Merwede only, nowadays MTI also offers its services to third parties - in particular dredging companies, government institutions and consultants. With more than 50 years of experience, MTI has gained access to a vast network of information and capability sources.

About Constitution Mining Corp. (OTCBB:CMIN)

The Company's goal is to locate large-scale commercially viable gold deposits and continuously increase the amount of gold underlying its outstanding shares. The Company is interested primarily in geographical areas that are home to several significant proven gold deposits, including highly prospective districts likely to hold further large deposits.


The first and most active project is in the Gold Sands region of Peru where the Company holds options on 461 square kilometers (178 square miles) of mining property, the largest such block in the district. These Gold Sands 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 it in the loose gravels and sands - Gold Sands - in the area the Company now controls.

Results from test holes drilled during CMIN's 26-hole Phase I exploratory drill program indicate the presence of significant alluvial gold. The Company is now actively engaged in conducting a Phase II drill program focused on grid drilling a 2.5 square kilometer region. While the results from the Phase I drill program and the initial results of the Phase II, 100-hole drill program are highly favorable, the company cautions that these results do not yet indicate the presence of a commercially viable mineral deposit and further exploration is needed to determine the full feasibility of the project.

The full implementation of these programs will require the Company to secure additional financing.

Further information about Constitution Mining Corp may be found at:

On behalf of the Board:

Dr. Michael Stocker - CEO

Constitution Mining Corp. (OTCBB:CMIN)


This release contains forward-looking statements that are based on beliefs of Constitution Mining Corp. management and reflect Constitution Mining Corp's 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 we use 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 shown 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.

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