Cornerstone Capital Resources Inc
Cornerstone Capital Resources Inc
Cornerstone Capital Resources Inc
Cornerstone Capital Resources Inc

Properties

Ecuador

Cornerstone Capital Resources Inc
Cornerstone Capital Resources Inc Cornerstone Capital Resources Inc
Address:
1730 St. Laurent Blvd., Suite 800
Ottawa, ON
Canada, K1G 3Y7


Cornerstone Capital Resources Inc Cornerstone Capital Resources Inc Cornerstone Capital Resources Inc

Cascabel


Partner
SolGold Plc (AIM & TSX: SOLG)

Highlights

  • Target: Copper/Gold porphyry mineralization
  • JV between Cornerstone (15% financed through BFS and repayable out of project revenues) and SolGold (85%) - subject to SolGold funding 100% through BFS
  • Cornerstone also owns 8.2% of SolGold, or 22% interest (direct & indirect) in Cascabel
  • Alpala deposit updated Mineral Resource Estimate #3 (MRE#3) (see Cornerstone news release 20-09 dated April 7, 2020) reports:
    • 2,663 Mt @ 0.53% copper equivalent (CuEq) (containing 9.9 Mt Cu, 21.7 Moz Au, and 92.2 Moz Ag) in the Measured plus Indicated categories, comprising:
      • 1,192 Mt at 0.72% CuEq in the Measured category (containing 5.7 Mt Cu, 15 Moz Au, and 52.4 Moz Ag); and
      • 1,470 Mt at 0.37 CuEq in the Indicated category (containing 4.2 Mt Cu, 6.6 Moz Au, and 39.8 Moz Ag).
    • High-grade core of 442 Mt at 1.40% CuEq in the Measured and Indicated categories, supporting early cash flows and accelerated pay back of initial capital, comprising:
      • 359 Mt at 1.47% CuEq in the Measured category (containing 3.2 Mt Cu and 10.9 Moz Au); and
      • 84 Mt at 1.06% CuEq in the Indicated category (containing 0.6 Mt Cu and 1.4 Moz Au).
    • Additional Inferred Resource of 544 Mt @ 0.31% CuEq for 1.3 Mt Cu, 1.9 Moz Au and 10.6 Moz Ag.
    • MRE#3 update has added 1.6 Mt copper, 2.5 Moz gold and 92.2 Moz silver to Measured and Indicated Mineral Resources providing a solid resource basis for the forthcoming Preliminary Feasibility Study ("PFS").

    Mineral Resource:  Measured and Indicated Category

    Cut-off grade

    Mt

    Grade

    Contained metal

    CuEq
    (%)

    Cu
    (%)

    Au
    (g/t)

    Ag
    (ppm)

    CuEq
    (Mt)

    Cu
    (Mt)

    Au
    (Moz)

    Ag
    (Moz)

    0.21%

    2,663

    0.53

    0.37

    0.25

    1.08

    14.0

    9.9

    21.7

    92.2

                       

    High Grade Core:  Measured and Indicated Category

    Cut-off grade

    Mt

    Grade

    Contained metal

    CuEq
    (%)

    Cu
    (%)

    Au
    (g/t)

    Ag
    (ppm)

    CuEq
    (Mt)

    Cu
    (Mt)

    Au
    (Moz)

    Ag
    (Moz)

    0.80%

    442

    1.40

    0.87

    0.86

    2.34

    6.2

    3.8

    12.3

    33.3


    See home page for link to technical report filed at www.sedar.com for PEA. A link to the technical report for the April 7, 2020 MRE#3 will be posted as soon as that report has been filed on SEDAR.

    Maps

    Regional Map Infrastructure Map Development Proposal
    Cascabel Targets Cascabel Drilling Cascabel CSD-16-016
    Core Images
    Cascabel CSD-16-017
    Core Images
    Cascabel CSD-16-15R2
    Core Images
    Cascabel CSD-16-016
    Core Images
    Cascabel CSD-16-016
    Core Images
    Cascabel CSD-16-017
    Core Images
    Cascabel Drill Intercept
    Table


    Photos

    Click for enlarged image Click for enlarged image Click for enlarged image Click for enlarged image
    General Topography Gold Panning Cross-cutting
    quartz-chalcopyrite-pyrite
    veinlets
    Malachite along fractures


    * Mr. Martin Pittuck, MSc, CEng, MIMMM, is responsible for the Mineral Resource Estimate and is an "independent qualified person" as such term is defined in NI 43-101.

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