- Cornerstone Capital Resources (CGP) has revealed the initial results from its trenching work at the Bramaderos gold-copper prospect in Ecuador
- Cornerstone owns a 12.5 per cent stake in Bramaderos, alongside its joint venture partner Sunstone Metals
- Trenching work at the Espiritu gold-silver target intersected four metres at 415 grams per tonne silver, 0.9 grams per tonne gold, 6.8 per cent zinc and 6 per cent lead.
- The company expects to begin drilling the site’s Brama and the Porotillo targets in September
- Cornerstone Capital Resources (CGP) is up three per cent and is trading at C$3.75 per share
Cornerstone Capital Resources (CGP) has revealed the initial results from its trenching work at the Bramaderos gold-copper prospect in Ecuador.
Cornerstone owns a 12.5 per cent stake in Bramaderos, a 4,948 hectare property atop a epithermal gold-copper porphyry system. The joint venture partner in the project is Sunstone Metals, an ASX-listed mining company.
The exploration work has, thus far, focused on the Espiritu gold-silver target on project, with Sunstone completing the most recent trenching work.
The latest trenches hit polymetallic veins that returned results as high as four metres at 415 grams per tonne silver, 0.9 grams per tonne gold, 6.8 per cent zinc and six per cent lead.
Trenches from Espiritu have previously returned rock chip and float sampling results as high as 4.2 grams per tonne gold and 101 grams per tonne silver, 11.9 grams per tonne gold and 175 grams per tonne silver, and 11.6 grams per tonne gold and 2,962 grams per tonne silver.
The target was identified through gold and soil anomalies found on the property, over an area of 800 to 600 metres. The trenching program is ongoing, with Cornerstone hoping to begin drilling on the property in September.
Exploration work conducted on the Bramaderos property has thus far identified 12 gold targets, five of which are scheduled for drilling work or surface follow-up work.
The company will begin drilling the Brama and the Porotillo targets in September, alongside the work on Espiritu.
Cornerstone Capital Resources (CGP) is up three per cent and is trading at C$3.75 per share at 10:45 am EDT.
