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Properties |
Newfoundland |
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Address:
26 Kyle Avenue Mount Pearl, NL Canada A1N 4R5 Telephone: (709) 745-8377 Fax: (709) 747-1183 Toll Free: (877) 277-8377 |
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Cornerstone Resources is exploring for gold, volcanogenic massive sulphide (VMS) copper and zinc, and Sediment-Hosted Stratiform Copper (SSC) deposits on the island of Newfoundland. Cornerstone's current focus on the island is its Little Deer Copper Property, a 50/50 joint venture with Thundermin Resources Inc. Up to the end of 2009, over 25,000 m of diamond drilling had been completed, and in July 2009 results of a National Instrument 43-101 compliant mineral resource estimate were announced. The Little Deer Deposit contains estimated Indicated Resources of 1,087,000 tonnes at an average grade of 2.9% Cu and an Inferred Resource of 1,950,000 tonnes at an average grade of 2.3% Cu. Exploration programs designed to expand the mineral resources and advance the project towards a scoping study are ongoing. In April 2010, Cornerstone optioned its Red Cliff and Deer Harbour SSC properties located in eastern Newfoundland to Vale Exploration Canada Inc. ("VEC"). VEC is the project operator and will be carrying out exploration programs designed to evaluate the potential of priority copper prospects and showings. In addition to the aforementioned joint venture and optioned properties, Cornerstone has 8 wholly owned gold and VMS base metal properties elsewhere on the island. Following with its business model, Cornerstone is actively seeking partners to advance these prospective projects. Click the map below for the location of all properties.
Little Deer - Copper (Thundermin) Red Cliff - SSC (VEC) Deer Harbour - SSC (VEC)
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