Thursday, 20th March 2008 (3906 views)

Constitution Mining has signed option agreements on three properties in north-west Argentina that the company says "significantly" expands the size and scope of its Atena North gold project.

The properties are known as Esparta II, Amira and Amira Norte - collectively they are designated as Atena South.

They are located north-north-east of the Taca Taca Bajo deposit, where quartz-hematite veins have returned gold grades of 3.32 g/t over 24 metres.

Following its completion of the option agreements for Atena South, Constitution plans to carry out detailed mapping and sampling of the properties' veins.

Meanwhile, the company said initial results from the first phase of exploration at the Atena North zone returned gold values of up to 3.93 g/t gold. Phase two exploration is scheduled to start shortly.

Atena North is located 3,700 metres about sea level in the Argentina's Salta province. The 3,676-hectare site forms part of a gold-rich epithermal polymetallic vein system, which is itself part of a larger mineralised body.

 

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