Constantine Metal Resources (OTC Other: CNSNF; TSX-V: CEM) believes that the Munro-Croesus Gold Project in Ontario has the potential for a major gold discovery and thus will be an important component of the Company’s future exploration plans. Before sharing some of the high-grade drill results, it is important to note that this project includes strategic claims adjacent to the Fenn-Gib property which was recently acquired by Lake Shore Gold Corp. from Barrick Gold Corporation for $60 million.
On the 200 Zone, assays have been received for 8 of 15 drill holes, several of which intersected significant near-surface gold mineralization in the footwall and hanging wall to stopes of the Croesus mine, including:
- 9.56 g/t gold over 1.31 meters, including 43.00 g/t gold over 0.22 meters in MC11-17;
- 5.88 g/t gold over 4.65 meters, including 11.87 g/t gold over 1.34 meters in MC11-19; and
- 13.29 g/t gold over 1.78 meters, including 18.03 g/t gold over 1.24 meters in MC11-20.
Within the new G Vein, assays have been received for 11 of 38 holes completed on shallow targets approximately 25 meters into the footwall and west of the historically mined Croesus vein, including:
- 13.3 g/t gold over 0.17 meters in MC11-C2;
- 35.6 g/t gold over 0.20 meters in MC11-C4; and
- 23.7 g/t gold over 0.28 meters in MC11-C7.