Constantine and Carlin Option Three Yukon Properties to Fireweed Zinc
March 27, 2018 NR # 143-18
NEWS RELEASE
Constantine and Carlin Option Three Yukon Properties to
Fireweed Zinc
Vancouver, BC – Constantine Metal Resources Ltd. (TSX Venture – CEM) ("Constantine") and Carlin Gold
Corporation (TSX Venture – CGD) (“Carlin”) are pleased to announce signing of a Letter Agreement
(“Agreement”) granting Fireweed Zinc Ltd. (“Fireweed”) the Option to Purchase a 100% interest in three
properties (namely MC, MP and Jerry) totaling 624 claims in the Mac Pass area, Yukon. To tal consideration
for Fireweed to acquire a 100% interest in the properties includes an aggregate of CDN $500,000 in cash ,
and issuance of 300,000 common shares in the capital of Fireweed , to be paid over three years . The claims
were staked in 2011 under the Constantine Carlin Joint Venture (“CCJV”), and all option p ayments and
royalties will be split 50% payable to Constantine and 50% payable to Carlin.
The Agreement includes net smelter return royalty (“NSR”) rights retained by Constantine and Carlin ,
consisting of a 0.5% NSR on base metals and silver and a 2.0% NSR on all other metals. An additional
payment of CDN $750,000 is payable upon Fireweed producing an indicated resource of 2.0 million tonnes
on the optioned properties.
The CCJV controls an additional ten (10) properties in the greater Mac Pass area, totaling 1,835 claims and
approximately 37,700 hectares that are available for sale or option (Figure 1). These include multiple early-
stage gold prospects with high tenor gold-in-soil anomalies. Gold exploration activity has recently picked up
in Yukon’s Selwyn Basin, with two separate option agreements announced in 2017 by Newmont and
Barrick with junior explorers that include over CDN $100 million in combined total earn -in expenditures.
For additional information please visit Constantine’s website (www.constantinemetals.com).
About Constantine
Constantine is a mineral exploration company led by a proven technical team with a focus on premier North
American mining environments. In addition to the Company’s flagship copper-zinc-silver-gold Palmer VMS
Project, Constantine also controls a portfolio of high -quality, 100% owned, gold projects in the Timmins
camp, Ontario. This includes th e large, well located Golden Mile Property in Timmins and the Munro
Croesus Gold Property that is renowned for its exceptionally high -grade past production. Management is
committed to providing shareholder value through discovery, meaningful community enga gement,
environmental stewardship, and responsible mineral exploration and development activities that support
local jobs and businesses. Please visit Constantine’s website ( www.constantinemetals.com) for mo re
detailed company and project information.
About Carlin
Carlin Gold Corporation’s primary focus is on gold exploration in Nevada, USA, where it controls three
100% owned properties. All three properties contain Carlin -style targets and are available f or option. The
Cortez Summit property consists of 142 unpatented claims centrally located on the Cortez Trend, which
contains a major gold endowment that exceeds 45 million oz. total gold produced, reserves and resources
(Nevada Bureau of Mines and Geolog y annual mineral reports, Barrick annual reports). The JDS property
consists of 77 unpatented claims located approximately 13 miles southeast of Cortez Summit and three miles
east of NuLegacy Gold’s Iceberg discovery. The Willow property consists of 89 u npatented claims located
in northeast Nevada, northwest of the Long Canyon gold discovery in the Pequop Mountains, owned by
Newmont Mining Corporation. For additional information please visit Carlin’s website www.carlingold.com
On Behalf of Constantine Metal Resources Ltd.
“Garfield MacVeigh”
President & CEO
For further information please contact:
Garfield MacVeigh, President or Darwin Green, VP Exploration
Phone: 604-629-2348. Email: [email protected]
On Behalf of Carlin Gold Corporation
“K. Wayne Livingstone”
President & CEO
For further information please contact:
K Wayne Livingstone, President & CEO
Phone: 604-638-1402
Notes:
Forward looking statements: This news release includes certain “forward -looking information” within the meaning
of Canadian securities legislation and "forward -looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively "forward lo oking statements").” Forward -looking statements
include predictions, projections and forecasts and are often, but not always, identified by the use of words such as
“seek”, “anticipate”, “believe”, “plan”, “estimate”, "forecast", “expect”, "potential", "pr oject", "target",
"schedule", budget" and “intend” and statements that an event or result “may”, “will”, “should”, “could” or
“might” occur or be achieved and other similar expressions and includes the nega tives thereof. All statements other
than statemen ts of historical fact included in this release, including, without limitation, sta tements regarding the
option agreement with Fireweed Zinc Ltd., the CCJV’s mineral properties and other future plans, objectives or
expectations of Constantine and Carlin are forward-looking statements that involve various risks and uncertainties .
There can be no assurance that such statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Forwa rd-looking statements are based on a number of
material factors and assumptions. Important factors that could cause actual results to differ materially from
Constantine’s and Carlin’s expectations include actual exploration results, changes in project parameters as plans
continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing
on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects
in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns,
delays in receiving government approvals, unanticipated environmental im pacts on operations and costs to remedy
same, and other exploration or other risks detailed herein and from time to time in the filings made by Constantine
and Carlin with securities regulators. Although Constantine and Carlin have attempted to identify important factors
that could cause actual actions, events or results to differ from those described in forward -looking statements, there
may be other factors that cause such actions, events or results to differ materially from those anticipated. There can
be no assurance that forward -looking statements will prove to be accurate and accordingly readers are cautioned
not to place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1. Location map for CCJV Yukon gold properties, including claims optioned to Fireweed Zinc Ltd.