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:
https://cornerstoneresources.com/site/assets/files/5840/nr22-03figures.pdf.
President and CEO
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“Teams from both companies are liaising to define activities to be implemented in the following weeks to wind down activities at the Project until Cornerstone can secure another funding partner.
“Cornerstone remains optimistic about the still untested geological potential of the Project and appreciates the strong support received from the Gualel community.
“Newcrest continues its involvement at Cornerstone’s Miocene gold project in
About Caña Brava and Tioloma
Caña Brava - Gold/Copper - (Cornerstone has the right to earn 100%)
On
https://cornerstoneresources.com/news-releases/15-04-cornerstone-announces-exploration-results-for-the-cana-brava-property-ecuador/.
The surveys identified (1) two significant porphyry Cu-Au targets well defined by coincident geological, geochemical and ground magnetic anomalies, (2) an intermediate sulphidation, higher grade, epithermal Au-Ag-Cu veins-breccia system mapped on the northern margin of the porphyry targets, and (3) a high sulphidation epithermal Au-Ag system recognized in the northeast corner of the property. Subsequently, a trenching program was completed (20 trenches, 599 metres, 301 channel samples), spectrometry (Terraspec) work carried out on soil samples (552), rock chips and channel samples (706) and a Phase 1 drill program has been prepared.
In
Caña Brava is “drill-ready” from a technical standpoint with well-defined drill targets, has a scout drilling permit and is in the process of obtaining a water use permit.
Cañabrava
Tioloma – Gold/Copper (100% Cornerstone)
Cornerstone acquired the Tioloma property in
Reconnaissance geological mapping and systematic soil and rock sampling were carried out in 2021, defining anomalous areas for follow up. 695 soil and 111 rock samples were collected, covering about 40% of the property.
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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.
On Behalf of the Board,
President and CEO
Neither
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