Exploration and Development Plan

Based on previous exploration and Constitution's work to date, gold is seen to be widely distributed throughout the sands and gravels of the Marañón flood plain. Higher grades typically occur in association with magnetite-bearing 'black sands' in paleo channels. Constitution's Senior Technical Consultant, James Prudden, concludes "this immense braided river system has the potential of developing into a multi-million ounce world class dredging operation".

Here's a synopsis of what we've been up to and what we are doing now:

Phase I
Drill Program Successfully Completed
March 26, 2010 - CMIN Reports Completion of Initial 26-Hole Drill Program at its Gold Sands Project, Northeastern Peru - Read More

Constitution Mining successfully completed a 26-hole exploratory drill program designed to test the company's entire 461 square kilometer (178 square mile) Gold Sands property package - including the recently optioned extensions to the north and south.

CMIN drilled 26 strategically located holes using Banka drills to average depths of 10 - 12 meters (32 - 40 feet). Drill targets were selected by utilizing ground magnetics throughout the district - a tool that has proven to be very effective. Management is pleased to report that gold mineralization was discovered in most of the 26 holes, in many cases, beginning from or near the surface. Three of the holes returned gold grades that exceed levels currently witnessed in several large-scale alluvial dredging locations around the world.

Phase II
Definition Drilling Now Underway
April 8, 2010 - CMIN Initiates Phase II Resource Definition Drill Program - Read More

Constitution Mining has initiated a 100-hole drill program designed to define a measureable quantity of gold resources contained within a targeted zone on CMIN's 461 square kilometer (178 square mile) gold sands project and determine whether the gold that has been found to exist within this targeted zone is of sufficient quantity to support commercial production.

In order to drill the grid rapidly and to generate the necessary data to prepare CMIN's first resource estimate within this vast Gold Sands deposition basin, the Company is using 3 motorized Banka drills and 1 churn drill which will each be drilling 16-hours per day. Each drill is equipped with 2 teams, each comprised of 8 labourers and 1 supervisor. More than 70 local area residents are being employed to carry out the program. CMIN has also hired 4 more Peruvian geologists, expanding its team of field technicians from 5 to 9. In addition, negotiations are in progress with a recognized independent laboratory to provide additional staffing for the Company's on site laboratory facility.

The Phase II 100-hole program will consist of definition drilling within a 2.5 square kilometre grid situated over a large paleo channel that was successfully drilled during the 26-hole Phase I exploratory program. The grid is comprised of 4 lines, equally spaced at 250 metres apart. Along each line, holes will be drilled every 100 metres to depths of up to 15 metres (50 feet). Additionally, CMIN's Churn drill will follow behind the Banka teams and selectively drill holes to depths of up to 30 metres (98 feet).

Other Exploration Methods

Based on the results of the current program, there are other exploration methods that the company is evaluating to apply in the future. Ground and airborne magnetic surveys and Pulsar Synthetic Aperture Radar images are used to target drilling and pitting of the gold-bearing paleo channels and shafts will be sunk to confirm sediment characteristics and acquire bulk samples. Additional samples will be collected by backhoe, excavator and grab dredger. Samples will undergo extensive geotechnical and metallurgical testing. Concurrently with the exploration work, the Company will conduct mine development planning, engineering studies and permitting work.