- Cornerstone Capital Resources (CGP) now has results from seven holes at its Tandayama-America Porphyry Copper-Gold target
- The target is at the Ottawa resource exploration company’s Cascabel joint venture project in northern Ecuador
- Cornerstone has a total direct and indirect interest in Cascabel of 20.8 per cent in the project
- Further drilling aims at defining the extent mineralization
- Cornerstone Capital Resources is up 1.04 per cent, trading at C$3.90 at 2:18 pm ET
Cornerstone Capital Resources (CGP) now has results from seven holes at its Tandayama-America Porphyry Copper-Gold target.
The target is located 3 kilometres north of the Alpala Deposit at the Ottawa-based resource exploration company’s Cascabel joint venture project in northern Ecuador.
Cornerstone has a 15 per cent interest financed through to completion of a feasibility study plus 6.86 per cent of the shares of joint venture partner and project operator SolGold, for a total direct and indirect interest in Cascabel of 20.8 per cent.
The company now has assay results from the first seven holes at the Tandayama-America Porphyry Copper-Gold target at Cascabel which have intersected significant copper and gold mineralization.
Assay results from drill holes 8-10 are pending, and drilling of Holes 9 and 10 is continuing.
Mineralization forms a northwest trending corridor, occupying an area 750 metres long by 500 metres wide extending from surface to a depth of over 1,200 metres.
Further drilling aims at defining the extent mineralization towards the northwest, the southeast and at depth where the mineralization remains open.
Due to the significance of results achieved thus far at TAM, additional diamond drill rigs are to be mobilized to expedite drilling, ahead of a planned National Instrument 43-101 compliant Maiden Mineral Resource Estimate later in 2021.
Cornerstone Capital Resources is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador.
Cornerstone Capital Resources is up 1.04 per cent, trading at C$3.90 at 2:18 pm ET.