Constantine Metals (OTC Other: CNSNF; TSX-V: CEM) has entered into an agreement to acquire a 100% interest in the 423 claim unit, 68 square kilometer, Golden Mile property near Timmins, Ontario. The Property is located 9 kilometers northeast of Goldcorp’s multimillion ounce Hoyle Pond deposit and is comparable in size to the West Timmins and Main Camp holdings of the major gold production companies operating in the Timmins Gold Camp.
The Golden Mile Property covers the important Pipestone Fault System where it crosses the “Porcupine Giant Mine Corridor” that has produced more than 55 million ounces of gold. This structural intersection, which contains excellent targets within the Kidd-Munro volcanic sequence and adjacent Porcupine sediments, is overburden covered and has seen very limited drill testing for gold. The past-producing Clavos Gold Mine is located 5.4 kilometers to the east of the Property and the Frankfield East gold deposit (1.2 million ounces gold) lies 14 kilometers northwest of the Property, on or near the Pipestone Fault system. A major flexure in the Pipestone Fault system where it is crossed by the projection of the “Porcupine Giant Mine Corridor” is considered to be a favourable structural feature that may localize gold deposits.