Cascabel Exploration Update – Alpala Mineral Resource Update Expected December 2018

- October 5th, 2018

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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