Cornerstone Metals (TSX-V – CCC)(“Cornerstone” or the “Company”) is pleased to announce the TSX Venture Exchange has accepted for filing the assignment of the property option agreement dated September 22, 2017 (the “Assignment Agreement”) between the Company and Americas Gold Exploration (“AGEI”).
Consequently, Cornerstone has closed on AGEI’s assignment to the Company of a 100% optioned interest in certain mineral claims referred to as the Carlin Vanadium/Black Kettle Project Property in Nevada (the “Property” or the “Carlin Vanadium Project”). Further details on the Assignment Agreement are set out below.
Paul Cowley, President and CEO comments:
”Another milestone has been reached. With the closing of the Carlin Vanadium transaction, the Company will seek drill permits as expeditiously as possible to initiate an infill diamond drill program. The project has exceptional technical merits, setting, location and infrastructure available to it.”