Cornerstone Capital: Cascabel Exploration Update

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 23R-D1 and 24-D1R, and the progress of drilling, at the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador.

As quoted in the press release:

HIGHLIGHTS:

  • Hole 23R-D1 (Alpala Central) assay results return 695.1m1 grading 1.37% copper equivalent2 (0.72% copper, 1.02 g/t gold) from 694.9m, including 458.0m grading 1.68% copper equivalent (0.88% copper, 1.26 g/t gold) from 838.0m.

  • Hole 24-D1R (Alpala Southeast) final assay results return 512.9m grading 0.53% copper equivalent (0.34% copper, 0.30 g/t gold) from 755.2m, including 262.8m grading 0.86% copper equivalent (0.52% copper, 0.53 g/t gold) from 755.2m.

  • Hole 23R-D1 extends known mineralization in the central portion of the Alpala Deposit approximately 90m east.

  • Hole 24-D1R extends Alpala Southeast mineralization beneath Hole 24 by approximately 130m and is interpreted to represent the upper portions of a strongly mineralized porphyry system at depth. Further drill testing at Alpala Southeast by Rigs 2 and 3 is underway.

  • Drilling program to be further expanded to 12 drill rigs by January 2018.  Man-portable drill rigs 6 and 7 have arrived at Cascabel.  Second and third drilling contractors signed with rigs 8, 9, 10 and 11 scheduled for arrival November 2017 and rig 12 in January 2018.

  • Geophysical 3DIP survey is on schedule with completion of the Spartan portion (magneto telluric to 3 km depth), and commencement of the Orion portion (conductivity and resistivity to 2 km depth) of the state of the art hybrid survey. Data processing and final results are expected mid-November 2017.

  • Re-processing and maturation of 3D MVI magnetic models over the greater Alpala area, Aguinaga, Tandayama-America, and Chinambicito nears completion with final targeting expected to be available mid-October.

  • Assays for holes 26-D1, 26-D2, 28, 29, 29-D1, 29-D2, 30, 30-D1, 31, 31-D1 and 32 remain pending.

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