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CARLIN-CONSTANTINE JV EXPANDS YUKON GOLD PORTFOLIO AZTEC PROPERTY ACQUISITION
Feb. 17, 2011 (TheNewswire.ca) -- Constantine Metal Resources Ltd. ("Constantine")(TSX Ventu...
About this update from Carlin Gold Corporation
[{"type":"text","content":"\nCARLIN-CONSTANTINE JV EXPANDS YUKON GOLD PORTFOLIO AZTEC PROPERTY ACQUISITION\n\n\n Feb. 17, 2011 (TheNewswire.ca) -- Constantine Metal Resources Ltd. (\"Constantine\")(TSX Venture - CEM) and Carlin Gold Corporation (TSXV:CGD) (\"Carlin\")(TSX Venture - CGD) jointly (the \"Companies\") are pleased to announce a signed agreement with Yukon prospector Ron Berdahl (the \"Vendor\") to acquire a 100% interest in the 226 claim, 4,724 hectare, Aztec Property (the \"Property\"). The Property is located in the Mayo Mining District, approximately 50 kilometers south of Atac Resources Ltd.'s (TSXV:ATC) recent Osiris discovery. The Constantine-Carlin 50/50 Joint Venture (the \"Joint Venture\") has also acquired two additional properties by staking, comprising another 533 claims. Combined with new staking, the Property acquisition expands the Joint Venture Yukon land package to 2185 claims and approximately 175 square miles (450 square kilometers).About the PropertyThe Property covers an area of strongly anomalous gold and arsenic defined by regional government stream silt data. Gold values exceeding the 95th percentile for the Yukon database occur in a total of five separate drainages that transect the Property, one of which contains 155 ppb gold and 460 ppm arsenic, the 99th percentile for both elements. Reconnaissance traverses involving prospecting, mapping and silt, rock and soil sampling by Viceroy Exploration Inc. in 1998 and Novagold Resources Ltd. in 1999 have revealed several broad gold geochemical anomalies across the Property requiring detailed follow-up. Mineralization identified to date includes extensive quartz stockworking associated with faults, and gold associated with altered quartz monzonite and lamprophyre dykes. Grab samples collected by the Vendor on the Property reportedly assay up to 9.57 grams of gold per tonne (0.279 opt).About the Joint Venture ClaimsThe Joint Venture is making plans for aggressive exploration of its newly acquired properties. The claims are underlain by Paleozoic rocks with carbonate bearing sections located in drainage basins containing anomalous gold, arsenic, mercury and antimony geochemistry in the Yukon regional stream sediment database. The Joint Venture is targeting Carlin-style gold mineralization distal to the Tombstone intrusive rocks as well as sediment hosted gold mineralization adj...