Wednesday, 19th December 2007 (1892 views)

Constitution Mining Corporation has confirmed the acquisition of an option agreement, which places the company in a favourable position to acquire a 100 per cent interest in two gold projects in Argentina.

Collectively known as the Atena Gold Project, the projects are located in Argentina's developing mining district and are presently owned by Rio Tinto.

Pat Gorman, chairman of Constitution Mining, indicated that the company focused on finding and retaining precious metal assets and that there were two ways it would achieve this.

He stated that the first was to amass a "global portfolio" of existing small and medium-sized gold deposits.

"The second is to develop world-class deposits ourselves by drilling advanced gold and silver targets. And the Atena Gold Project offers exceptional potential to host a major discovery," Mr Gorman added.

Meanwhile, Argentina has been highlighted as one of the countries generating high grade to 'bonanza grade' drilling results after Exeter reported the discovery of two new mineralised vein sets on its Cerro Moro project in Santa Cruz Province.

 

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