CORNERSTONE CAPITAL RESOURCES INC : http://www.cornerstoneresources.com/ : QwikReport

News

#December 05, 2017
17-45 - Cornerstone announces multiple large porphyry gold-copper drilling targets defined by soil sampling at Bramaderos Project, southern Ecuador

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces soil sampling results at its Bramaderos project in Ecuador, providing further evidence of the potential for substantial porphyry copper-gold deposits.

The Bramaderos concession exploration targets and figures referred to in this release can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR17-45Figures.pdf.

Highlights:

  • Latest soil sampling results continue to highlight the significant potential for Bramaderos to host substantial porphyry gold-copper deposits
  • Three separate large porphyry gold-copper drilling targets at Bramaderos Main, Playas and Limon selected to be drilled first
  • These new soil results are entirely consistent with previously-reported exploration results at Bramaderos, providing further indication of the Project's prospectivity
  • Results from the latest trenching at the Bramaderos Main target expected next week
  • Soil sampling has identified additional targets that are being followed up

Cornerstone Vice President, Exploration, Yvan Crepeau, said: "These recent soil sampling results add to the growing body of evidence that supports our view of the large porphyry exploration potential at Bramaderos. Every piece of exploration work is delivering strong results and strengthens our confidence in these targets. We haven't had any negative surprises and each phase of work is adding to our ability to more confidently target the initial drill holes. We are expecting additional geological mapping, trenching, and detailed heli-magnetics to further refine our understanding of these multiple porphyry gold-copper opportunities on the Bramaderos Project."

Further Information:
The results define very clearly the main large porphyry gold-copper targets of Bramaderos Main, Playas and Limon and provide early indications of additional anomalies which may evolve into significant targets. All prospect locations are shown on Figure 1.

The gold and copper in-soil geochemical anomalies extend over areas of up to 2km x 1km, and coincide with multiple datasets including outcropping or sub-cropping mineralized stockwork veining, classically zoned distribution of lead, zinc, molybdenum and arsenic, and indications of epithermal mineralization overprinting porphyry Au-Cu mineralization.

Details of individual gold-copper porphyry target soil sampling results are as follows (see also Figure 2):

Bramaderos Main target:
Peak Au in Soil: 0.94 g/t Au (115 samples > 0.1 g/t Au)
Peak Cu in Soil: 0.22% Cu (78 samples > 200 ppm Cu)

Gold anomaly at > 0.1 g/t approximately 1.4 km long by up to 600m wide.

Limon target:
Peak Au in Soil: 0.87 g/t Au (34 samples > 0.1 g/t Au)
Peak Cu in Soil: 0.20% Cu (16 samples > 200 ppm Cu)

Copper is strongly leached from the surface environment, and the broader lower level anomaly measures approximately 2km long by up to 900m wide.

Playas target:
Peak Au in Soil: 0.87 g/t Au (18 samples > 0.1 g/t Au)
Peak Cu in Soil: 0.34% Cu (40 samples > 200 ppm Cu)

Copper anomaly at > 200ppm is 1.4 km long by up to 300m wide.

Figure 3 shows the current status of Gold-Copper-Arsenic-Molybdenum soil sampling results at Bramaderos.

Drill Permitting:
A drilling permit (environmental license) is required prior to commencement of drilling. The permit application process requires the completion of an environmental impact study, community consultation of the drilling program with local communities, authorities and landowner groups, and receipt of a water use permit. The water use permit application has been submitted and technically pre-qualified by SENAGUA, the Ecuadorian water authority. All documentation for the drilling permit has been filed with the Ministry of Environment, which is responsible for issuing the permit.

About Bramaderos
The Bramaderos concession is owned by Cornerstone subsidiary La Plata Minerales S.A. ("PLAMIN"), which has signed a binding letter of intent with Sunstone Metals Ltd. (formerly Avalon Minerals Ltd.) (ASX: STM), whereby Sunstone has the right to earn a 51% interest in the project by spending US$3.4 million over 3 years to complete a phase 1 drill program. If this first option is earned, Sunstone can go to 70% by funding a bankable feasibility study, and can go to 80% by financing 100% of the cost of construction of a mine and mill (see news release 17-08 dated April 10, 2017).

Qualified Person:
Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Bramaderos project for Cornerstone and has reviewed and approved the information contained in this news release.

Sampling and assaying
Rock samples are collected by PLAMIN's personnel, placed in plastic bags, labeled and sealed, and stored in a secure place until delivery by PLAMIN employees to the LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca, Ecuador.

Rock samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada, where samples are assayed for a multi-element suite (MSA code IMS-136, 15.0 g split, Aqua Regia digestion, ICP-AES/MS finish) and gold by Fire Assay (MSA code FAS-111, 30 g fusion, AAS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish).

Soil samples are dried at low temperature, screened to 80 mesh (MSA code PRP-757), a 15 grams portion is then assayed for a multi-elements suite (MSA code IMS-136, Aqua Regia digestion, ICP-AES/MS finish).

Quality assurance / Quality control (QA/QC)
The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 20-25 samples) as part of PLAMIN's QA/QC program. Rejects, a 100 g pulp for each rock sample, are stored for future use and controls.

About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador. Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company owned by SolGold Plc and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Hugh Brooke Macdonald
President and CEO

Neither 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.

 
#December 04, 2017
17-44 - Cornerstone Announces Start of Airborne Geophysical Survey on the ENAMI-Cornerstone JV Properties in North West Ecuador

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces the start of an airborne magnetic and radiometric regional survey on its Espejo, Playa Rica and Rio Magdalena Blocks, parts of the ENAMI EP-Cornerstone Joint Venture agreement, in Northwest Ecuador, in the vicinity of the Company's Cascabel joint venture project and the Llurimaguaga joint venture between CODELCO and ENAMI.

A location map of the ENAMI-CESA JV project areas can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR17-44Figures.pdf.

Highlights:

  • Phase-1 heliborne magnetic and radiometric surveys started in NW Ecuador
  • High definition data generated to be integrated with ongoing field surveys to refine and prioritize exploration targets to be explored in 2018

Cornerstone CEO Brooke Macdonald, said: "The start of this survey is an important step for Cornerstone and its joint venture partner, Ecuadorian state mining company ENAMI EP. The survey marks the start of the exploration program to be carried out on the highly prospective, 42,000-hectare, Espejo, Playa Rica and Rio Magdalena Blocks, located in Northwest Ecuador, where porphyry and associated epithermal styles of mineralization have been identified during a thorough compilation and prospecting program. This exploration tool was critical in the early days at Cascabel to define the Alpala target area, where the Alpala high grade copper-gold porphyry deposit was discovered".

Further Information:
Following the signing of a contract with Toronto, Canada-based MPX Geophysics Ltd, a geophysical system has been mobilized to site and a high resolution helicopter-borne magnetic and radiometric survey started on the 3 Blocks part of the ENAMI-Cornerstone Ecuador S.A. ("CESA") joint venture agreement (the "ENAMI-CESA JV Agreement").

The survey, including more than 2,400 line kilometres during its Phase-1, will cover the overall 42,000 hectares total area. Results of the survey will be used to support geological mapping and interpretation, to map geological structures and to identify and map typical alteration patterns associated to hydrothermal and mineralization processes. Data generated from the survey and information to be gathered during the current regional prospecting program on the 3 Blocks will be integrated in the current database to refine and prioritize exploration targets to be systematically explored. Phase-2 of the airborne survey will be defined once exploration targets re-assessed.

About the ENAMI-CESA JV Agreement
On June 14, 2016, Cornerstone announced that CESA had entered into the ENAMI-CESA JV Agreement with ENAMI EP, Ecuador's State Mining Company, creating a structure for ENAMI EP and CESA to jointly prospect and explore for mineral projects in Ecuador using Cornerstone's proprietary geological data base. While the ENAMI-CESA JV Agreement is not an exclusive arrangement and ENAMI EP is free to enter into similar arrangements with other companies, Cornerstone is the first, and, to the knowledge of Cornerstone, currently the only, non-state owned company to enter into such an exploration alliance with ENAMI EP.

The principal terms of the ENAMI Definitive Agreement are described on the Company's web site at the following link: http://www.cornerstoneresources.com/s/Ecuador.asp?ReportID=760321

On March 3, 2017 Ecuador's Ministry of Mining granted ENAMI EP eight concession titles in Imbabura and Carchi provinces for exploration by the ENAMI-CESA JV. The eight concession titles total more than 37,182 hectares and are in the highly prospective Cascabel porphyry copper-gold district of northwest Ecuador, which hosts the Cascabel Project and the Llurimagua Project. On March 14, 2017, ENAMI EP was granted an additional concession called "Espejo 3", located approximately 10 kilometres east of the Cascabel concession in Carchi province and totalling 5,000 hectares, bringing the total number of the ENAMI-CESA JV Concessions included under the ENAMI-CESA JV to nine and the total area to over 42,000 hectares.

In applying for the ENAMI-CESA JV Concessions, a thorough compilation program using both public and Cornerstone's proprietary data was used to define anomalous areas typical of porphyry and large epithermal mineralized systems. Previous regional aeromagnetic surveys helped to define geology, alteration and significant structures. Geochemical and geophysical responses were calibrated over known deposits (Cascabel Cu-Au porphyry and Llurimagua Cu-Mo porphyry) and known mineralized prospects in the region. The highest ranked anomalies, those showing similar responses to Cascabel and Llurimagua, in terms of local geological and structural environments, elements, size, distribution and intensities, were selected and concessions applied for.

Four of the ENAMI-CESA JV Concessions are within the area called Espejo, east of Cascabel, three are within the area of Playa Rica and two are within the area of Rio Magdalena, both to the southwest of Cascabel (see Figure 1).

The exploration and development of the ENAMI-CESA JV Concessions is subject to customary rules under Ecuadorean mining law, including an initial exploration period of four years, followed by four years for advanced exploration (including drilling), followed by two years for pre-feasibility and feasibility studies and definition drilling, which period may be extended for a final two years prior to exploitation (mine development).

Qualified Person:
Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Bramaderos project for Cornerstone and has reviewed and approved the information contained in this news release.

About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador. Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company owned by SolGold Plc and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Hugh Brooke Macdonald
President and CEO

Neither 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.

 
#November 27, 2017
17-43 - Cascabel Exploration Update - Alpala Maiden Mineral Resource Estimate on track for completion late December

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announces the following update on the Alpala Maiden Mineral Resource Estimate underway at the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador.

Figure referred to in this news release can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR17-43Figures.pdf.

HIGHLIGHTS:

  • Alpala Maiden Inferred Mineral Resource Estimate on track for completion in late December.
  • Drilling indicates a true width of the mineralized envelope of up to 700 metres, a length in excess of 1300 metres and over 1800m vertical extent from surface.

FURTHER INFORMATION:
The Alpala deposit continues to grow with each new drill hole as drilling focuses on high grade porphyry centres at Alpala West, Northwest, Alpala Central, Alpala East and Alpala Southeast. Over 56,800m of drilling has been completed to date along the greater Alpala trend (Figure 1).

Maiden Mineral Resource Estimate
A recent site visit by SRK Exploration consultants saw major developments in the accuracy and predictive nature of the geological modelling at Alpala. The geological auditing process forming the basis of the Mineral Resource Estimate (MRE), has now advanced the detailed hand contoured geological interpretations in level plan and cross section, into accurate representation within the LeapfrogTM 3D modelling environment. This collaborative approach is resulting in a high-confidence geological model that will accurately estimate the resource potential, through incorporation of the Alpala genetic model, deposit geometry, intensity of mineralization and grade distribution.

Cascabel Project operator SolGold Plc has announced that initial 3D modelling and grade shell interpolants have outlined an approximate exploration target at Alpala that ranges from 729Mt at 1.06% copper equivalent, using a cut-off grade of 0.4% copper equivalent, to 969Mt at 0.92% copper equivalent, using a cut-off grade of 0.3% copper equivalent. These estimates equate to between 7.7 - 8.9Mt of contained copper equivalent. Readers are cautioned that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource, and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Geological Modelling
The geological modelling completed reflects an exhaustive understanding of the geology, and geometry of the intrusive and related veining phases that control mineralization at Alpala. Geological models affect the distribution of Cu-Au grades within mineralized envelopes at Alpala. Grade distributions are controlled by:

  • Varying stages of intrusions, which include pre-, early, intra-, late- and post-mineralization phases;
  • Abundance and orientation of copper-sulphide mineral-bearing quartz veins; and
  • Varying styles of hydrothermal alteration and the related abundance of hydrothermal magnetite and sulphide minerals.

Several major types of mineralization are recognized at the Alpala deposit, including but not limited to:

  • Disseminated mineralization occurring within early quartz diorite (QD10) source intrusions;
  • Intense quartz-copper sulphide rich zones occurring at the carapace and edges of QD10 intrusions;
  • Multidirectional quartz-magnetite-chalcopyrite stockwork veins that extend several hundreds of metres beyond the QD10 intrusive margins;
  • Moderate quartz-magnetite-chalcopyrite stockwork veins and lesser sheeted veins that characterize the more distal setting to the source intrusions.

Drilling indicates a true width of the mineralized envelope of up to 700 metres, a length in excess of 1300 metres and over 1800m vertical extent from surface (Figure 2). Mineralization is controlled by a series of parent or source quartz diorite ("QD10") intrusions, that have intruded the country rock as a "swarm" of dykes and stocks, which have been enriched with bornite mineralization in a later stage phyllic mineralization event. The deposit that formed around the main mineralizing QD10 source intrusions is up to 700 m thick in a SW-NE direction and slowly tapers off towards surface, where the deposit outcrops in Alpala Creek (where rock-saw channel sampling in trenches confirms outcropping mineralization over a combined zone of more than 87m grading over 1% copper equivalent).

Each of the QD10 apophyses evident in the greater Alpala cluster has mineralized a vertical extent of up to 1800 m of surrounding host rock, forming tapering columns of multi-directional quartz stockwork veining that reach surface at locations like Alpala Creek. To date, QD10 source intrusions have been intersected by drilling over a strike length of more than 850 m from Hole 13 in the northwest to Hole 25 in the southeast; drilling indicates a vertical distribution of QD10 intrusions over more than 700 m from 950 m RL in Hole 25 to 250 m RL in Hole 12.

Additional QD10 intrusions are suspected at Alpala Southeast under Hole 24, at Alpala East under Hole 29-D2, at Alpala Northwest under Hole 26 and also at Trivinio. These inferred intrusions have yet to be intersected in drilling.

The Geology of the Alpala deposit, summarised in Figure 3, comprises:

  • Pre-mineral host rocks that consist of the extensive D10 diorite and a package of andesitic volcaniclastic rocks, lavas and volcano-sedimentary rocks, which are intruded by,
  • Intensely mineralized NW trending, syn-mineral dyke swarm of QD10 quartz diorite. This entire package was then intruded by two moderately mineralized intra-mineral intrusions (D15 diorite and QD15 diorite).

These three early phases of intrusion and associated mineralization will form the bulk of the Maiden MRE.

  • Late-stage, NW trending, late-mineral hydrothermal breccia, and a series of volumetrically small late- to post-mineral diorite, quartz diorite and tonalite dykes cross cut older rock units, and are excised during the MRE estimation process.
The genetic model for the Alpala deposit shows a schematic evolution of Alpala intrusive phases and associated vein paragenesis (Figure 4).

About Cascabel:
Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company owned by SolGold Plc and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Cascabel is in northwestern Ecuador in an under-explored northern section of the Andean Copper Belt, 60 km northeast of the undeveloped inferred resource of 982 million tons at 0.89% Cu Llurimaga (formerly Junin) copper project (0.4% Cu cut-off grade; Micon International Co. Ltd. Technical Report for Ascendant Exploration SA, August 20, 2004, pages 28 & 29). Mineralization identified at the Llurimaga copper project is not necessarily indicative of the mineralization on the Cascabel Property.

Qualified Person:
Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

Logging, sampling, assaying and reporting
Holes referred to in this release were or are being drilled using HTW, NTW, NQ and BQ core sizes (respectively 7.1, 5.6, 4.8 and 3.7 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD's), specific density and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at the ENSA core logging facility, and half of the core is delivered by ENSA employees for preparation at ALS Minerals Laboratories (ALS) sample preparation facility in Quito. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (ALS code CRU-31, SPL21 and PUL-32). Prepared samples are then shipped to ALS in Lima, Peru where samples are assayed for a multi-element suite (ALS code ME-MSP61, 1g split, 4-acid digestion, ICP-MS finish). Over limit results for Ag (> 100 g/t) and Cu, (> 1%) are systematically re-assayed (ALS code Ag-AA62, 4-acid digestion, AAS finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AA finish (ALS code Au-AA23).

Drill hole intercepts are calculated using a data aggregation method, defined by copper equivalent cut-off grades and reported with up to 10m internal dilution, excluding bridging to a single sample. Copper equivalent grades are calculated using a gold conversion factor of 0.63, determined using an updated copper price of USD3.00/pound and an updated gold price of USD1300/ounce. Copper equivalent calculation assumes 100% recoveries of copper and gold.

Quality assurance / Quality control (QA/QC)
The ALS Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15-20 samples). Rejects, a 100 g pulp for each core sample and the remaining half-core are stored for future use and controls.

About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven ability to identify, acquire and advance properties of merit.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither 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.

 
#November 24, 2017
17-42 - Cascabel Exploration Update - Cascabel drilling fleet grows; Alpala Central still open in multiple directions; Alpala Northwest expansion continues; Alpala East showing promise

  Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announces the following update on the drilling results of Holes 29-D1 and 30-D1, and the progress of drilling, at the Alpala copper-gold porphyry deposit, the most advanced of several targets at Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador.

Figures referred to in this news release can be seen in PDF format by accessing the version of this release on the Company's website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR17-42Figures.pdf

HIGHLIGHTS:
Cascabel drilling fleet expanding to 11 drills this month. Two large track-mounted drilling rigs on site. A further two rigs have arrived at Ecuadorian port.

Alpala maiden Mineral Resource Estimate (MRE) still on track for release in late December 2017.

Alpala Central

  • Hole 30 intersects over 680m of copper sulphide mineralization (592-1276m)
  • Hole 30-D1 assays returned 542m1 @ 0.51 % CuEq2 (from 532m), incl. 252m @ 0.64 % CuEq
  • Hole 33 intersects over 700m of copper sulphide mineralization to date (791-1491m)

Alpala Northwest Expansion

  • Hole 26-D3 intersects over 620m of copper sulphide mineralization to date (964-1588m)
  • Rigs 8, 9 and 11 being positioned to expedite Alpala Northwest expansion
Alpala East Showing Promise
  • Hole 29-D1 returned 348m @ 0.47% CuEq (open-ended), confirming previously anticipated porphyry Cu-Au mineralization at Alpala East
  • Hole 29-D2 intersected over 420m of copper sulphide mineralization (900-1564m)
  • Holes 29-D3 intersected over 240m of copper sulphide mineralization to date (949-1192m)
  • Alpala East intersections grow the width of the Alpala deposit by approximately 20-35%

FURTHER INFORMATION:
Over 56,800m of diamond drilling have been completed so far at Alpala (Figure 1). Another 120,000m of drilling is planned for 2018. The drilling program has drill tested 5 of 15 copper-gold targets delineated in the 50 km2 tenement with a focus on Alpala. The remainder of the targets are scheduled for testing in 2018, following completion of the Alpala maiden Mineral Resource Estimate (MRE) planned for release late December 2017 and completion of ground magnetic modelling and Spartan Orion deep IP surveys.

Recent assay results received from Holes 29-D1 and 30-D1 returned the following results (Table 1). A summary of the progress of current drill holes at Alpala is shown below (Table 2).

Hole ID Depth From (m) Depth To (m) Interval (m) Cu (%) Au (g/t) CuEq (%) Cut-Off (CuEq%) Comment
CSD-17-029-D1 738 1168.4 430.4 0.32 0.15 0.41 0.10 bulk halo, open ended
CSD-17-029-D1 820 1168.4 348.4 0.36 0.17 0.47 0.30 open ended
CSD-17-029-D1 1010 1168.4 158.4 0.49 0.27 0.67 0.40 open ended
CSD-17-030-D1 532 1074 542 0.37 0.22 0.51 0.20  
CSD-17-030-D1 532 784 252 0.44 0.31 0.64 0.30  
CSD-17-030-D1 622 782 160 0.53 0.30 0.72 0.50  
Data Aggregation Method: Intercepts reported using copper equivalent cutoff grades with up to 10m internal dilution, excluding bridging to a single sample. Minimum intersection length 50m. Gold Conversion Factor of 0.63 calculated from a copper price of US$3.00/lb and a gold price US$1300/oz. True widths of downhole interval lengths are estimated to be approximately 30% to 50%.

Table 1: Recent assay results from drill holes 29-D1 and 30-D1.

Hole ID Rig # Status Start Depth Current Depth Planned Depth Visual Intercept True Width (30-50%) Target
CSD-17-026-D3 4 In Progress 763.00 1588.00 2100 In Progress In Progress Alpala Northwest deep extension
CSD-17-029 5 In Progress 0.00 914.40 1800 In Progress In Progress Deep Alpala East - on hold for daughter holes
CSD-17-029-D2 5 Results pending 800.00 1685.21 2000 420 105-210m Extending Alpala Central 120m East
CSD-17-029-D3 5 In Progress 914.40 1188.72 1720 In Progress In Progress Extending Alpala Central 120m East
CSD-17-030 1 Results pending 0.00 1353.00 1800 542m 170-340m Extending Alpala Central 100m South
CSD-17-031 3 In Progress 0.00 1517.60 1800 In Progress In Progress Infill between 25 and 24
CSD-17-031-D1 3 Results pending 605.95 1530.00 1800 113m 28-56m Infill between Hematite Hill & Alpala Southeast
CSD-17-032 2 Results pending 0.00 1549.60 1800 546m 136-273m Testing deep Alpala East
CSD-17-032-D1 2 In Progress 1218.00 1230.00 1900 In Progress In Progress Testing deep Alpala East
CSD-17-033 6 In Progress 0.00 1523.38 1400 In Progress In Progress Extending western flank towards surface
CSD-17-034 7 In Progress 0.00 1170.50 1850 In Progress In Progress Testing Alpala West Target
CSD-17-035 1 In Progress 0.00 27.00 1800 In Progress In Progress Infilling between Alpala East and Hematite Hill
* Completed Drill Hole, *Hole In Progress (red text), *True widths of downhole interval lengths are estimated to be approximately 25% to 50%.

Table 2: progress of current drill holes.

Alpala Central
Hole 30-D1 (Rig 1), the daughter hole off Hole 30, returned 542m @ 0.51 % CuEq, incl. 252m @ 0.64 % CuEq. Hole 30 (Rig 1) intersected over 680m of copper sulphide mineralization from 592 to 1276m. Assay results are pending. Holes 30 and 30-D1 extend the Alpala Central deposit approximately 100m southeast of Hole 28.

Hole 33 (Rig 6) has intersected over 700m of copper sulphide mineralization to date from 791m to current depth of 1491m as drilling continues. Hole 33 extends mineralization approximately 120m above Holes 9 and 5, where the upper extents of the deposit along its western margin remain open towards surface.

Further drilling with Rigs 1 and 6 is planned to continue extending the central portion of the deposit.

Alpala Northwest
Hole 26-D3 (Rig 4) has to date intersected over 620m of copper sulphide mineralization from 964 to a current depth of 1588m as drilling continues. Recent intercepts in Holes 26 and 26-D2 indicate strongly mineralized host rocks at Alpala Northwest, and the source "QD10" intrusion is yet to be intersected at depth, leaving promising depth and width potential at Alpala Northwest.

Rig 4 is planned to be moved to Alpala Far East (Figure 1), while new large track-mounted rigs 8,9 and 11 are being positioned to expedite the Alpala Northwest expansion.

Alpala East
Hole 29-D1 (Rig 5), the first daughter hole off Hole 29, confirmed the presence of porphyry style Cu-Au mineralization at Alpala East, returning and open-ended 348m @ 0.47% CuEq and extending the Alpala deposit approximately 120m east of Hole 23R-D1.

Hole 29-D2, intersected over 420m of copper sulphide mineralization from 900m to 1564m, extending mineralization approximately 200m below Hole 29-D1. Assay results are pending.

Holes 29-D1, and 29-D2 have grown the width of the Alpala deposit by approximately 20% from 390m to 470m, at the 0.7% CuEq cut-off interpolant.

Holes 29-D3 has to date intersected over 239m of copper sulphide mineralization from 949m to current depth of 1188m as drilling continues.

Hole 29 is planned to be extended, following Hole 29-D3, in order to test portions of the deep Alpala East target.

Rigs 2, 5 and 10 are positioned to further test the Alpala East target over the coming months, to test for the eastern extension of the deposit, east of the Alpala Hydrothermal Breccia (Figure 2).

Hematite Hill and Alpala Southeast
Hole 31-D1, the first daughter hole off Hole 31, intersected over 113m of copper sulphide mineralization from 1217m to 1330m, infilling mineralization between Hematite Hill and Alpala Southeast. Assay results are pending.

Hole 31 intersected over 348m of copper sulphide mineralization from 982-1330m, extending mineralization approximately 150m southeast of Hole 27. Drilling continues to a planned depth of 1700m to test for deeper extensions to mineralization intersected in Hole 31-D1.

Hole 32 intersected over 546m of copper sulphide mineralization from 812-1358m, extending mineralization approximately 130m east of Hole 25. Assay results are pending.

Hole 32-D1, the first daughter hole off Hole 32, is underway, at a current depth of 1230m, drill testing for extensions at Alpala East immediately east of Hole 25.

Hole 35 is underway, at a current depth of 27m, testing for extensions to the high-grade panel intersected in Hole 25 which returned 238m @ 1.31% CuEq.

Alpala West
Hole 34 continues drilling at a current depth of 1170m at Alpala West towards a planned depth of 2000m. The top of the target at Alpala West lies at approximately 1300m depth.

About Cascabel:
Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company owned by SolGold Plc and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Cascabel is in northwestern Ecuador in an under-explored northern section of the Andean Copper Belt, 60 km northeast of the undeveloped inferred resource of 982 million tons at 0.89% Cu Llurimaga (formerly Junin) copper project (0.4% Cu cut-off grade; Micon International Co. Ltd. Technical Report for Ascendant Exploration SA, August 20, 2004, pages 28 & 29). Mineralization identified at the Llurimaga copper project is not necessarily indicative of the mineralization on the Cascabel Property.

Qualified Person:
Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.

Logging, sampling, assaying and reporting
Holes referred to in this release were or are being drilled using HTW, NTW, NQ and BQ core sizes (respectively 7.1, 5.6, 4.8 and 3.7 cm diameter). Geotechnical measurements such as core recovery, fracturing, rock quality designations (RQD's), specific density and photographic logging are performed systematically prior to assaying. The core is logged, magnetic susceptibility measured and key alteration minerals identified using an on-site portable spectrometer. Core is then sawed in half at the ENSA core logging facility, and half of the core is delivered by ENSA employees for preparation at ALS Minerals Laboratories (ALS) sample preparation facility in Quito. Core samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (ALS code CRU-31, SPL21 and PUL-32). Prepared samples are then shipped to ALS in Lima, Peru where samples are assayed for a multi-element suite (ALS code ME-MSP61, 1g split, 4-acid digestion, ICP-MS finish). Over limit results for Ag (> 100 g/t) and Cu, (> 1%) are systematically re-assayed (ALS code Ag-AA62, 4-acid digestion, AAS finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AA finish (ALS code Au-AA23).

Drill hole intercepts are calculated using a data aggregation method, defined by copper equivalent cut-off grades and reported with up to 10m internal dilution, excluding bridging to a single sample. Copper equivalent grades are calculated using a gold conversion factor of 0.63, determined using an updated copper price of USD3.00/pound and an updated gold price of USD1300/ounce. Copper equivalent calculation assumes 100% recoveries of copper and gold.

Quality assurance / Quality control (QA/QC)
The ALS Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 15-20 samples). Rejects, a 100 g pulp for each core sample and the remaining half-core are stored for future use and controls.

About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, and a proven ability to identify, acquire and advance properties of merit.

Further information is available on Cornerstone's website www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at: http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither 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.

Note 1 Not true width - All intercepts announced in this news release and cited previous news releases are down-hole intercepts. True widths are estimated at 30% to 50% of the drill hole intersection.

Note 2 All % copper equivalent (CuEq) in this news release are defined using a Gold Conversion Factor of 0.63 calculated from a copper price of US$3.00/lb and a gold price of US$1300/oz.

 
#November 16, 2017
17-41 - Cornerstone Files Circular for Spin-Off

  Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce that it has filed a management information circular calling the special meeting of securityholders of Cornerstone to seek approval of the plan of arrangement providing for, among other things, the previously announced spin-off of Cornerstone Exploration Inc. Details regarding the arrangement were announced on July 13, 2017 and August 24, 2017 and are more fully described in the circular.

The circular and related proxy materials are being mailed to Cornerstone securityholders and are also available on SEDAR under the issuer profile of Cornerstone at www.sedar.com. The special meeting is scheduled to be held at 10:00 a.m. (Toronto time) on Thursday, December 14, 2017 at 155 Wellington Street West, 40th floor, Toronto, Ontario.

The board of directors of Cornerstone unanimously recommends that Cornerstone securityholders vote FOR the arrangement. In order for the arrangement to proceed, it must be approved by at least 66-2/3% of the votes cast on the arrangement by the securityholders of Cornerstone present in person or represented by proxy at the special meeting. Cornerstone securityholders are encouraged to read the circular and related proxy materials for details regarding how they can vote in respect of the arrangement.

About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador. Exploraciones Novomining S.A. ("ENSA"), an Ecuadorean company owned by SolGold Plc and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold's fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither 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.

 

Copyright © 2018 by Cornerstone Capital Resources Inc   All rights reserved worldwide.
For more information, send questions and comments to
This page was created on Sun Oct 21, 2018 at 12:08:16 PM Pacific Time.