Constantine’s Partner Reports Update on 25 Hole Drill Program at Trapper Gold Project, BC – Shares to Commence Trading at 9:15am PDT

August 23, 2011

Constantine Metal Resources Ltd. (TSX-V: CEM and OTC Other: CNSNF) provided an update this morning for a drill program currently being conducted by Ocean Park Ventures Corp. on the Company’s 100% owned Trapper Gold project, northern British Columbia. The drilling is part of a 100% partner funded $4.9 million Phase I exploration budget announced in July of this year. Ocean Park has the right to earn a 70% interest in the project by spending $9.75 million in work expenditures and issuing certain cash and share payments to Constantine.

Ocean Park reports that over 2,600 meters of diamond drilling have been completed in 13 of 25 planned diamond drill holes. Twelve of thirteen drill holes have intersected 1 to 3 zones of sulphide mineralization associated with intense carbonate and/or silica alteration over widths of between 5 and 97 metres. Assay results are pending for all drill holes.

We have included a snapshot of the aforementioned drill core below, and as you can see there is some very prominent visible gold in this core. Based on the thickness and lateral extension of this newly discovered structural anomaly and the type of mineralization encountered of intense carbonate and/or silica alteration, we see fantastic potential here for a very big discovery. Constantine shares will resume trading again at 9:15am PDT and we will continue to keep you up to date on developments as they happen at CEM’s Trapper property.  

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Constantine Metal Resources Ltd. Halts Trading Pending News

August 23, 2011

Constantine Metal Resources (TSX-V: CEM and OTC: CNSNF) halted trading this morning pending news.


Constantine-Carlin JV Commences Work Program on Sixteen Yukon Gold Properties

August 9, 2011

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.  

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Drill Program Commences at Constantine’s JV Trapper Gold Project

July 26, 2011

Drilling has commenced at the Trapper Gold Project, a joint venture between Constantine Metal Resources (OTC Other: CNSNF; TSX-V: CEM) and Ocean Park Ventures.  There is one drill currently testing the Main zone while a second drill is being mobilized to test new targets identified by a variety of ground based programs.  Preliminary assay results from 21 grab samples taken along the core of a 3+ kilometre iron-carbonate altered trend that includes the Main zone, have returned an average of 1.12 g/t gold, with a high value of 10.25 g/t gold. These results increase the footprint of gold-rich mineralization by over a kilometre of strike.

The Phase-1 Trapper project has a $4.9M exploration budget, with 10,000 metres of metres of diamond drilling planned.  As a result, there should be a lot of news from drill results throughout the fall.

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Constantine-Carlin JV Begins Work Program on 16 Yukon Properties

June 23, 2011

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.

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Constantine Metal Resources Reports Commencement of $4.0 Million Exploration Program at Trapper Gold Project, British Columbia

June 16, 2011

Constantine Metal Resources Ltd. (TSX-V: CEM and OTC Other: CNSNF) reported this morning that exploration work on the Company’s Trapper Gold Project in northern British Columbia has now commenced. The work is being funded and managed by Ocean Park Ventures Corp. under an option-joint venture agreement with Constantine.

Camp construction is now underway at the Trapper Gold Project in advance of a $4M+ exploration program that will include over 5,000 meters of diamond drilling which is anticipated to begin in late July of this year. The phase 1 drill program will test a historically defined gold-in-soils and bedrock anomaly that has been traced for over 2 kilometers of strike and up to 500 meters in width.

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Constantine Identifies High Grade Gold Intersections at Munro-Croesus in Ontario

June 8, 2011

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.

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