The Conversation (0)
Cornerstone has a 23 percent direct and indirected interest in the Cascabel copper-gold JV in northern Ecuador.
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, in which it has a 15 percent interest financed through to completion of a feasibility study, plus 10 percent of the shares of joint venture partner and project operator SolGold Plc, for a total direct and indirect interest in Cascabel of approximately 23 percent.
As highlighted in the press release:
- Exceptional assay results from recent infill and extension drilling at Alpala Central reveal a far more robust high-grade core than previously modeled.
- Hole 57 (Alpala Central Infill):
- 832m (true width 333m) at 1.41 percent copper equivalent (0.72 percent copper, 1.10grams per tonne (g/t) gold) (from 556m depth), incl.
- 562m (true width 225m) at 1.72 percent copper equivalent (0.85 percent copper, 1.37g/t gold) (from 814m depth), incl.
- 304m (true width 122m) at 2.52 percent copper equivalent (1.15 percent copper, 2.18g/t gold) (from 892m depth), incl.
- 182m (true width 73m) at 3.46 percent copper equivalent (1.49 percent copper, 3.14g/t gold) (from 1004m depth)
- 832m (true width 333m) at 1.41 percent copper equivalent (0.72 percent copper, 1.10grams per tonne (g/t) gold) (from 556m depth), incl.
- Hole 55R (Alpala Central NW Extension):
- 1062m (true width 425m) at 1.02 percent copper equivalent (0.69 percent copper, 0.52g/t gold) (from 542m depth), incl.
- 548m (true width 219m) at 1.36 percent copper equivalent (0.86 percent copper, 0.80g/t gold) (from 1042m), incl.
- 220m (true width 88m) at 2.07 percent copper equivalent (1.22 percent copper, 1.34g/t gold) (from 1306m depth)
- 1062m (true width 425m) at 1.02 percent copper equivalent (0.69 percent copper, 0.52g/t gold) (from 542m depth), incl.
- Hole 41-D1-D2 (Alpala Central Infill): Partial assay results to 1458m:
- 512m (true width 205m) at 1.09 percent copper equivalent (0.59 percent copper, 0.80g/t gold) (from 926m depth), open at depth, incl.
- 326m (true width 130m) at 1.51 percent copper equivalent (0.77 percent copper, 1.18g/t gold) (from 1112m depth), open at depth, incl.
- 128m (true width 51m) at 2.51 percent copper equivalent (1.11 percent copper, 2.23g/t gold) (from 1310m depth), open at depth.
- 512m (true width 205m) at 1.09 percent copper equivalent (0.59 percent copper, 0.80g/t gold) (from 926m depth), open at depth, incl.
Click here to read the full Cornerstone Capital Resources (TSXV:CGP) press release.
