Ottawa -
Highlights
Two sizeable (8 by 1.5km) prospective target areas defined
Three individual drill targets outlined at the Cerros Bayos target area
Base camp established in the vicinity of the Project area
Drilling of the first hole MIO0001 expected to begin in January
Results of the first hole will determine the location of subsequent holes (3 holes are planned initially)
About Miocene
The Project is in the Regions of Atacama and
On
Exploration work carried out by Cornerstone previous to the Farm-In Agreement consisted largely of geochemistry work (both soil and rock sampling), a ground magnetic survey, prospecting, geological mapping and spectrometry work to define and prioritize exploration targets to be drill-tested. Geology work shows two sub-parallel NW-SE oriented altered / anomalous regional trends affecting the volcanic units. Alteration minerals (native sulphur, alunite, vuggy and massive silica and some silica-clay in the peripheral parts) and 3D distribution patterns along this trend are typical of high sulphidation epithermal systems. Altered and geochemically anomalous areas up to 9km by 3km in size have never been trenched nor drill tested.
Following the signing of the Farm-In Agreement,
Further detailed work will focus on the Cerros Bayos target area, outlining three individual zones: Bloque Oeste, Bloque Central and Bloque Este, separated by NE oriented normal faults. Preliminary drill targets are defined on each of these blocks, to test blind precious and metals mineralization at relatively shallow depth (150-300m). Targeting is made based on geology (presence of felsic domes and breccias) and structures, size, type and intensity of epithermal alterations, presence of pathfinder elements, and resistivity zones mapped at depth by CSAMT survey. Bloque Este will be drilled first.
About
About Cornerstone
Contact:
Tel: (514) 904-1333
Email: Mario@mi3.ca
Cautionary Notice
This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's beliefs, plans, objectives, strategies, intentions and expectations. The words 'potential,' 'anticipate,' 'forecast,' 'believe,' 'estimate,' 'intend', 'trends', 'indicate', 'expect,' 'may,' 'should,' 'could', 'project,' 'plan,' or the negative or other variations of these words and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.
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