Cascabel Exploration Update – Alpala Mineral Resource Update Expected December 2018

Base Metals Investing

The company said drilling suggested Internal geology, grade and resource modelling indicates potential for significant growth in total metal inventory at Alpala at all cut-off grades. 

Cornerstone Capital Resources (TSXV:CGP) has released an update on the exploration program at its Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador.

As highlighted in the press release:

  • With over 124,000m of drill hole assays now received, a further 70,400m of drilling has been added to the existing Alpala maiden resource (MRE) 1 during 2018 of 2.3 million tonnes copper and 6.0 million ounces gold in the indicated category and 2.9 million tonnes copper and 6.3 million ounces gold in the inferred category.
  • Approximately 32,000m of further drilling is scheduled to be completed at Alpala in 2018, further adding to the MRE update.
  • Updated MRE projected for completion and release in December 2018.
  • Recent drilling highlights include: Hole 55R-D1: 870m at 0.72 percent copper equivalent (true width3 348m at 0.50 percent copper, 0.36 grams per tonne (g/t) gold) from 706m depth, including: 378m at 1.17 percent copper equivalent (true width 151m); Hole 58-D1: 984m at 1.08 percent copper equivalent (true width 394m at 0.73 percent copper, 0.56 g/t gold) from 684m depth, including: 456m at 1.71 percent copper equivalent (true width 182m); and
  • Hole 66: 634m at 1.25 percent copper equivalent (true width 254m at 0.74 percent copper, 0.81 g/t gold) from 870m depth, including; 301m at 1.88 percent copper equivalent (true width 121m), and 174m at 2.46 percent copper equivalent (true width 70m), open at depth.
  • Hole 66 intersects rich porphyry style mineralized zone containing visible gold.
  • Hole 64 intersects a new zone at Alpala NW containing primary bornite4 mineralization.
  • Assay turnaround reduced to 3 weeks.
  • Internal geology, grade and resource modelling indicates potential for significant growth in total metal inventory at Alpala at all cut-off grades.

Click here to read the full Cornerstone Capital Resources (TSXV:CGP) press release.

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