Cornerstone Capital Resources (TSXV:CGP) has announced an update on the exploration program at its Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador.
Cornerstone has a 15 percent interest financed through to completion of a feasibility study and 10 percent of the shares of joint venture partner and project operator SolGold, for a total direct and indirect interest in Cascabel of approximately 23 percent.
As highlighted in the press release:
- Hole 41-D1-D2 (Alpala Central infill drilling):
- 582m (true width 233m) at 1.18 percent copper equivalent (0.64 percent copper, 0.85 grams per tonne (g/t) gold) (from 1048m depth), incl.
- 340m (true width 136m) at 1.54 percent copper equivalent (0.78 percent copper, 1.21 g/t gold) (from 1172m depth.
- Hole 63 (Alpala extension drilling, Western lobe): thus far over 170m of copper sulphide mineralization. Drilling continues.
- Hole 58-D1 (Alpala extension drilling, NW margin): thus far over 640m of copper sulphide mineralization. Drilling continues.
- Hole 55R-D1 (Alpala extension drilling, NW margin): thus far over 480m of copper sulphide mineralization. Drilling continues.
- Hole 62 (Alpala extension drilling, East margin): approximately 400m of visible copper sulphide mineralization. Assay results pending.
- Hole 65 currently encountering strong mineralization from 762m depth to 832m depth on the Western lobe. Drilling continues.
Click here to read the full Cornerstone Capital Resources (TSXV:CGP) press release.
