Constantine Metal Resources Ltd. (TSX-V: CEM and OTC Other: CNSNF) and Carlin Gold Corporation (TSX-V: CGD) jointly announced today the start of exploration work on Yukon gold properties of the Constantine-Carlin 50/50 Joint Venture. The release also announced the staking of 1,541 additional claims in six areas prospective for Carlin-type mineralization in the Mayo and Watson Lake Mining Districts, east central Yukon, Canada.
The Constantine-Carlin Joint Venture was formed in the early fall of 2010 specifically to target and explore for Carlin-type gold deposits in the Yukon’s Selwyn Basin. The JV now 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 2011 program of $1.2 million has commenced. It is designed to rapidly evaluate targets and, subject to sampling results, advance them to the drill testing stage in 2011.