Exploration Program Planned at Bella Maria Gold-Copper project (Ecuador)

OTTAWA, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) is pleased to provide an update on its wholly-owned Bella Maria gold and copper project in El Oro province, southwest 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/NR20-26Figures.pdf.

HIGHLIGHTS:

•  Detailed exploration program to follow up on previously defined targets
   
•  Drilling program scheduled for 2021 to test most prospective targets and anomalies

Yvan Crepeau, Cornerstone’s Vice President, Exploration, said: “The Bella Maria gold project borders the NE corner of Lumina Gold’s Greater Cangrejos gold property, where Lumina has announced a resource of 10.4 m oz Au in the indicated category and 6.3 m oz. Au in the inferred category (*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). Bella Maria, which has never been drilled, has exceptionally anomalous gold in stream sediments draining the property as shown on accompanying figures. The soil sampling program carried out over the years has defined a 3 km by 2 km gold-copper +/- molybdenum anomaly located in the central part of the property.”

“An Environmental Registration was granted by the Ministry of Environment of Ecuador in January 2020. Under this registration surface exploration work is allowed on the entire property. Following the planned exploration programs described below in this news release to define drill targets to test the most prospective targets and anomalies, Cornerstone will apply to amend the environmental registration to allow for scout drilling in 2021.”

FURTHER INFORMATION:

Bella Maria property

The 1,401-hectare Bella Maria property is located in southwestern Ecuador, in El Oro province along the western foothills of the Andes, some 30 km southeast of the port city of Machala at elevations ranging from 100 m to 800 metres above sea level (masl). Access is good via paved roads from either Guayaquil, a major port city located approximately 200 km by road to the northwest of the property, or from Santa Rosa to the southwest and then by a paved road crossing the central part of the property. The area is characterized by tropical climate and vegetation. Bella Maria borders the NE corner of the Cangrejos property of Lumina Gold Corporation.