Constantine Metal Resources (OTC Other: CNSNF; TSX-V: CEM) and Carlin Gold formed a 50/50 joint venture to target and explore for Carlin-type gold deposits in the Yukon’s Selwyn Basin. As of today, the JV controls a total of 4,967 claims in twelve project areas, comprising approximately 1,000 square kilometers (385 square miles) which represents one of the largest property positions in this new district. A $1.2 million work program has commenced, the purpose of which is to rapidly evaluate targets and, subject to sampling results, advance them to the drill testing stage in 2011.
Pretty exciting times in the Yukon right now, particularly as the Constantine seeks to identify and develop Carlin-type gold deposits. Think of it this way. If you knew then what you know now about the Carlin trend in Nevada, what would you do with that information. This is kind of like having a second chance at the Carlin trend with all of the knowledge beforehand. Like I said, pretty cool. We will continue to keep you posted.