Finalization of Phase 1 Drill Hole Locations at Alpala Prospect
A Stage 1 drill program at the Alpala Prospect has been prepared and approved by SolGold and Cornerstone. The program comprises five diamond drill holes totaling 2500 drill metres. Three holes are sited at central Alpala to test the area of mineralized porphyry containing quartz stockwork veining that has been identified by surface channel sampling (Figure 3). The fourth and fifth holes have been sited to test the western margin of the 1000 metre long by 500 metre wide magnetic apophysis, which underlies the southeast lithocap at Alpala (Figure 3). The Stage 1 drill program will test a zone 500 metres by 400 metres in area.
Upgrading Access Tracks for Drill Rig Mobilization Near Completion
In anticipation of receipt of the EIA, access tracks to Alpala have been upgraded to allow mobilization of the drill rig and associated drilling equipment. Establishment of drill core logging facilities, field office and other logistic considerations are currently being finalized in advance of the issuance of the EIA to carry out advanced exploration.
Four Other Target Areas at Cascabel
Apart from the highly prospective Alpala Prospect, there are currently four other target areas within the Cascabel tenement including: Quebrada Tandayama-America, Aguinaga and Quebrada Moran are prospective for copper-gold porphyry deposits and Rio Cachaco is prospective for epithermal gold style mineralization (Figure 4). These targets will be investigated further over the next 6 to 12 months.
Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.
The technical information contained in this news release has been reviewed and approved by Yvan Crepeau, P.Geo., President of Cornerstone Ecuador S.A. and Minera Cornerstone Chile Limitada (Ecuadorian and Chilean projects), a qualified person in accordance with National Instrument 43-101.
Further information is available on Cornerstone's website: www.cornerstoneresources.com or for investor, corporate or media inquiries, please contact:
North America toll-free: 1 (877) 277-8377
The link to a recent Corporate presentation is: http://www.cornerstoneresources.com/i/pdf/Presentations_0912_CRICorporate.pdf
Investors can also access Cornerstone on Twitter.
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.
On Behalf of the Board,
Brooke Macdonald, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cornerstone Capital Resources Inc.
Toll Free at 1-877-277-8377
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