Cascabel Exploration Update – Drilling results promise further growth at Alpala

Cornerstone Capital (TSXV:CGP) has announced an update on the exploration program at its 15 percent interest Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador.

As highlighted in the press release:

• Extension drilling at Alpala Central “High-Grade Core” is expected to extend the high-grade resource along the lower and northeast margins of the deposit. Infill drilling at Alpala Central is expected to upgrade the resource, where early stage copper and gold containing intrusions appear on drill evidence to be more continuous than previously modeled. Hole 55R returned 458m (true width 183m) at 0.71 percent copper equivalent (from 542m depth), incl. 66m (true width 26m) at 1.17 percent copper equivalent (from 934m depth). Hole 41-D1-D2, has so far intersected over 380m of copper sulphide mineralization (drilling continues). Hole 58 intersected approximately 980m of copper sulphide mineralization (assay results pending).
• Extension drilling at Alpala Central “Western Lobe” continues to intersect shallow mineralization above the existing resource limits along the southwest margin of the deposit, in a large lobe of early diorite intrusion hosting high-grade mineralization (>1.5 percent copper equivalent) to within 450m of surface, approximately 250m closer to surface than previously modeled. Hole 60 intersected approximately 180m of copper sulphide mineralization (assay results pending).
• Extension drilling at Alpala Northwest and Trivinio continues to extend the Alpala deposit. Hole 56 intersected a strongly altered fault zone returning 4m at 172 grams per tonne (g/t) gold (QAQC re-assay of pulp, reject, and quarter core re-assay pending). Hole 56-D1 has so far intersected approximately 305m of copper sulphide mineralization (drilling continues). Hole 59R intersected approximately 570m of copper sulphide mineralization (assay results pending).
• Aguiñaga drilling has confirmed near surface potential. Hole 6 has intersected a strongly mineralized early diorite intrusion,containing chalcopyrite, from 30m below surface (drilling continues). Hole 7 has so far intersected 67m of copper sulphide mineralization from 55m below surface (drilling continues).

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