Constantine Extends Thick Zones of Massive Sulphide on the South Wall Target

Constantine Extends Thick Zones of Massive Sulphide on the South Wall Target

Monday, August 11th 2008

Constantine Metal Resources Ltd. announce that drill hole CMR08-14 has intersected mineralized rhyolite/chert and massive sulphide over a core length of 228.2 feet (69.56 meters) from 556.8 to 785 feet that correlates with Zone I mineralization in drill holes CMR07-09, CMR08-11 and CMR08-13. The better chalcopyrite-sphalerite mineralized part of the intersection is between 607.7 to 732.2 feet (124.5 feet or 37.95 meters). The intersection is located 213 feet (65 meters) on strike to the west from CMR08-11. The true width of the intersection is unknown, but is expected to be greater than 50% of the core length. A second mineralized zone has been intersected from 1372.5 feet to 1453 feet (80.5 feet or 25.54 meters). The zone consists of mineralized chert with massive barite-sulphide interbeds that locally contain notable amounts of sulphosalt (?) mineralization and a massive pyrrhotite-pyrite-chalcopyrite section from 1437 to 1446 feet. The intersection is 575 feet (175 meters) on strike to the west of Zone II/Zone III mineralization in drill hole CMR08-11 reported previously and indicated in the table below. The true width of this intercept cannot be determined at this time but represents a significant step out from the previously reported mineralized zones. It also represents the most westerly intercept and the deepest penetration of mineralization to date on the South Wall target. Samples are being prepared for assay on the mineralized zones in drill hole CMR08-14.

Drill hole CMR08-13 has tested down dip of Zone I in CMR08-11 (see section on website) and intersected two zones of massive sulphide mineralization between 559 and 795 feet (see news release date July 22, 2008). Results for drill hole CMR08-13 are pending and will be reported when all assay results are received for the hole.

Assay Results from the third massive sulphide zone on the South Wall Target

The third massive sulphide zone (Zone III) in drill hole CMR08-11 is located 171.3 feet (52.2 meters) deeper in the hole than the Zone II intersection (see news release dated July 22, 2008) and was not intersected up-dip in 2007 drill hole CMR07-09. The intercept is 41.3 feet (12.6 meters) – 0.47% Cu, 6.27% Zn, 0.30 g/t Au, 24.3 g/t Ag (see table below for details). The true width of the intersection is not known at this time with certainty, but based on an estimated vertical dip, the true thickness would be 45% of the core length. This zone represents the deepest of three sub-parallel, stacked sulphide zones in drill hole CMR08-11. The updated 2008 Glacier Creek South Wall drill section with the Zone III results and the accompanying drill plan will be posted on the Company’s website at

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