Base Metals

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. As quoted …

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.
As quoted in the press release:

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%

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