Cornerstone: Cascabel Exploration Update

Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to provide an update on the drilling progress of current holes 23R-D1, 24-D1R, 26, and 27 for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador.
As quoted in the press release:

HIGHLIGHTS:

• Hole 23R-D1 (Rig 1) extending Alpala Central to the east, continuing in mineralized diorite intrusive at 1351.6m down hole.
• Hole 24-D1R (Rig 3) extending Alpala Southeast mineralization to depth, below Hole 24 intercept, continuing in mineralized diorite intrusive 1044.8m down hole.
• Hole 26 (Rig 4) extends Alpala Central deposit 100m to the northeast, and continues further to confirm the modelled deposit at Alpala Northwest, as drilling continues within strongly mineralized diorite porphyry 1875.9m down hole.
• Hole 27 completed at 1875.9m extending Alpala Central deposit 100m southeast of Hole 21, and 250m southeast of Hole 16.
• Hole 28 underway, testing extensions above hole 16 (which returned 894m @ 1.41% copper equivalent ¹).
• Hole 29 (Rig 5) being set up to test high grade extensions along Alpala Central deposit eastern flank.
• Rig 6 scheduled for arrival at Alpala in August as negotiations with a second drilling contractor progress rapidly towards increasing productivity with a total of up to 9 drill rigs by September.

Note ¹. Copper equivalent (CuEq) is calculated using a gold conversion factor of 0.63 calculated from a copper price of $3.00/lb and a gold price US$1300/oz

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