- Cornerstone Capital Resources Inc. (CGP) and partner Sunstone Metals Inc. (ASX:STM) updates on Bramaderos gold and copper project
- Hole BMDD020 is the second hole drilled at the Alba gold discovery and showed visible gold
- Visible gold was also identified in drill hole BMDD013 with an interval of 2 metres at 2 g/t gold
- The grades in the porphyry system in BMDD020 are some of the most significant seen at Bramaderos
- The company’s exploration is now advancing across the broader Alba target
- Cornerstone Capital Resources Inc. (CGP) is up 4.39 per cent trading at $4.28 per share as of 3:46 p.m. EST
Cornerstone Capital Resources (CGP) and partner Sunstone Metals (ASX:STM) have provided updates on the Bramaderos gold and copper project.
Significant intersections from the first follow-up drillhole, BMDD020, at Alba have been reported
Further follow-up drilling is underway, and assays are pending for three drillholes.
Hole BMDD020 is the second hole drilled at the Alba gold discovery and showed visible gold.
It returned a 193.7-metre intersection grading 0.5 g/t gold and 0.16 per cent copper from 164 metres.
Hole BMDD020 also intersected the Upper Gold Zone returning 7 metres at 1.77 g/t gold.
BMDD020 was in the Upper Gold Zone and the broader porphyry zone with potential for future high-grade gold intervals.
The results indicate that the Alba discovery has a gold zone sitting above a well mineralized gold-copper porphyry which remains open and untested.
Additional follow-up drill holes BMDD021 and 022 at Alba have been completed.
Hole BMDD023 is well advanced and is being sampled for laboratory submission.
All holes have intersected rock types and alterations similar to hole BMDD020.
Visible gold was also identified in drill hole BMDD013 with an interval of 2 metres at 2 g/t gold.
The Upper Gold Zone is currently interpreted as a late-stage gold-rich event superimposed over a broad and deeper gold-copper porphyry mineralized system.
The grades in the porphyry system in BMDD020 are some of the most significant seen at Bramaderos.
The company’s exploration is now advancing across the broader Alba target.
Cornerstone Capital Resources Inc. (CGP) is up 4.39 per cent trading at $4.28 per share as of 3:46 p.m. EST.