Intersects 1,010m @ 0.55% CuEq At TAM
Cornerstone Capital Resources Inc. (TSXV:CGP) (OTC:CTNXF)has drilled a wide gold intersection on its ongoing programme on its Tandayama-America (TAM) porphyry copper-gold mineralised target located 3km north of the Alpala Deposit at its Cascabel copper-gold porphyry joint venture project in northern Ecuador.
Cornerstone has a 15% interest in TAM financed through to completion of a feasibility study plus 6.86% of the shares of joint venture partner and Project operator SolGold Plc, for a total direct and indirect interest in Cascabel of 20.8%.
- Highlights of drill hole assays received from Hole 13 at TAM include encouraging results comprising the best intersections to date and intervals above 1% copper equivalent (CuEq):
- 1,010m @ 0.55% CuEq from 194m depth, including:
- 824m @ 0.63% CuEq from 194m
- 736m @ 0.69% CuEq from 246m
- 392m @ 0.93% CuEq from 246m
- 72m @ 1.20% CuEq from 314m
- 132m @ 1.09% CuEq from 498m
- Hole 13 results indicate the potential for significant depth extensions amenable to bulk underground mining methods at TAM. Mineralisation forms a northwest trending corridor, occupying an area approximately 1,200m long, up to 750m wide, and extending from surface to a depth of over 1,200m. The TAM target remains open to the south and east and at depth.
“The TAM target at Cascabel is just three km north of Alpala and additional copper and gold mineralisation at TAM will add to the already impressive metal inventory at Cascabel,” SolGold Executive Board Member, Head of Exploration and ENSA President, Jason Ward, said.
“Drilling results at TAM to date, and preliminary work utilising Leapfrog GEO and EDGE software is revealing a prospective bi-modal resource that appears amenable to both bulk surface mining methods as well as bulk underground mining methods. The potential upside of higher-grade depth extensions beneath TAM is also adding exciting possibilities to the still growing Cascabel project.
“Geotechnical, hydrogeological and metallurgical data is already being prepared to facilitate the conversion of future resources to reserves, and this seems likely to have a major beneficial impact on the development of the Cascabel property as a whole as studies progress in 2022.”
For further information please visit: https://cornerstoneresources.com/