- Cornerstone Capital Resources (CGP) has announced that drilling at its Bramaderos Project intersected over 500 metres of mineralized material at the Brama target
- The results come from one parent drill hole and a connected wedge hole that was started at 347 metres below surface
- The company is testing several targets near previously drilled holes to determine potential relationships between the various mineralized areas
- Cornerstone Capital Resources is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile
- Cornerstone Capital Resources (CGP) is down 3.37 per cent on the day, trading at $4.01 per share
Drilling at Cornerstone Capital’s (CGP) Bramaderos Project intersected over 500 metres of mineralized porphyry at the Brama target.
Bramaderos is a joint venture gold and copper project in southern Ecuador, in which Cornerstone has a 12.5 per cent interest carried by Sunstone Metals (ASX:STM).
Recent assay results came from two holes at the Brama target area within the property, BMDD008 and BMD008W1, a wedge hole off of BMDD008, and included the following highlights:
- 0.43 g/t gold and 0.1 per cent copper over 505.1 metres, including 113.4 metres of 0.37 g/t gold, 0.15 per cent copper, and 23.9 ppm molybdenum from 347.1 metres below surface at BMDD008W1
- The parent hole, BMDD008, returned 0.47 g/t gold, 0.10 per cent copper, and 27 ppm molybdenum from surface
Yvan Crepeau, VP of exploration at Cornerstone, commented on the results.
“We are now confident we have a 500-metre vertical extent of good gold and copper grade,” he remarked. “The porphyry plus intrusive breccia zones, at this stage, cover a surface footprint of 350 metres by 150 metres, which we expect can be expanded with more drilling.”
The wedge hole extended the intrusive intersection by 50 metres. This intersection likely extends deeper, but further testing is needed in the areas south and east of the wedge hole.
Drill hole BMDD010 has commenced, and the company is testing several targets near previously drilled holes to determine potential relationships between the various mineralized areas.
Cornerstone Capital Resources is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile.
Cornerstone Capital Resources (CGP) is down 3.37 per cent on the day, trading at $4.01 per share as of 10:12 am ET.