Cornerstone Acquires New Gold-Silver-Copper Projects in Ecuador

- February 17th, 2011

Cornerstone Capital Resources Inc. (CVE:CGP,FRANKFURT:GWN,BERLIN:GWN,PINK:CTNXF) announced it has signed a binding letter of intent to purchase 100% of the shares of Santa Barbara Copper and Gold S.A., a subsidiary of Santa Barbara Resources Limited (CVE:SBL).

Cornerstone Capital Resources Inc. (TSXV:CGP,FRANKFURT:GWN,BERLIN:GWN,PINK:CTNXF) announced it has signed a binding letter of intent to purchase 100% of the shares of Santa Barbara Copper and Gold S.A., a subsidiary of Santa Barbara Resources Limited (TSXV:SBL).

The press release is quoted as saying:

“We are very pleased to announce the acquisition of SBCG and the Encrucijada and Cascabel projects”, said Glen H. McKay, Cornerstone’s President & CEO. “It is our intention to acquire additional projects in Ecuador, a country that offers tremendous exploration potential. The Encrucijada and Cascabel projects are the type of early-stage projects that fit well with Cornerstone’s business model of prospect generator, and we’re excited about initiating additional work programs in this under-explored area. Our immediate goal is to advance the projects to the drill-ready stage for potential joint venture participation.”

Click here to access the entire press release.

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