High potential Porphyry Cu-Au-Mo Targets Discovered at Espejo and Rio Magdalena Projects within the ENAMI EP strategic exploration alliance in NW Ecuador

Nachrichtenquelle: globenewswire
27.02.2020, 14:00  |  125   |   |   

OTTOWA, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) is pleased to announce exploration results to date at its Espejo and Rio Magdalena projects located within the Cornerstone Ecuador S.A. (“CESA”) - ENAMI EP strategic exploration alliance (the “ENAMI-CESA SEA”) in Northern Ecuador.

Figures related to this news release can be seen in PDF format by accessing the version of this release on the Company’s website (www.cornerstoneresources.com) or by clicking on the link below:

http://www.cornerstoneresources.com/i/pdf/NR20-05Figures.pdf.

HIGHLIGHTS:

Espejo:

  • Prospecting work and initial geological mapping completed
  • Heliborne magnetic and radiometric survey (1560 lineKm) defines anomalies related to magnetic bodies, altered zones and structures
  • 3410 samples collected to date
  • Spectrometry work (Terraspec) defines alteration patterns typical of porphyry systems
  • Three sizeable (more than 1 km²), high priority porphyry Cu-Mo (Au) targets defined
  • Epithermal style Au-Ag mineralization locally associated to porphyries
  • Several lower priority targets to be followed up
  • Future work to focus on target areas: Detailed ground surveys and 3D magnetic modeling (underway), ground geophysics being planned, drilling targets to be defined
  • Minimal work commitment over the first 4 years attained in less than 3 years

Rio Magdalena:

  • Prospecting work and initial geological mapping completed
  • Heliborne magnetic and radiometric survey (915 lineKm) defines anomalies related to magnetic bodies, structures, altered and mineralized zones
  • 3801 samples collected to date
  • Spectrometry work (Terraspec) defines alteration patterns typical of porphyry systems
  • Two high priority, sizeable (more than 1 km²), porphyry Cu-Au (Mo) targets outlined
  • Other lower priority targets to be followed up
  • Future work to focus on target areas: Detailed surveys ongoing, ground geophysics being planned, drilling targets to be defined
  • Minimal work commitment over the first 4 years attained in less than 3 years

In commenting on the results, Cornerstone’s CEO, Brooke Macdonald, said:

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