Cornerstone Capital Resources Inc

Published : February 20th, 2014

14-04 - Cascabel Project Update - Copper Sulphide Mineralization Extended to 1303.5m in Hole 5 at Al

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Keywords :   Canada | Chile | Climatic | Copper | Ecuador | Gold | Recovery |
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Re:   News - Thursday, February 20, 2014
      14-04 - Cascabel Project Update - Copper Sulphide Mineralization
      Extended to 1303.5m in Hole 5 at Alpala - Drilling Continues
=======================================================================

Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc.
("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF)
announces the following project update for the Stage 1 drill program at
the Alpala prospect within the Cascabel Project at the Company's
copper-gold porphyry exploration project in northern Ecuador.

Highlights:

- Strongly visible porphyry copper sulphide mineralization continues to
current hole depth of 1303.5m in hole 5.  Copper-rich sulphides include
chalcopyrite, bornite and chalcocite as fine to coarse grained
disseminations and in veins with magnetite.

- Strong correlation evident between magnetite content, magnetic
characteristics and copper sulphide contents enabling correlation
between the three dimensional Alpala magnetic model and copper-gold
porphyry targets.

- Drilling to continue to sooner of 1500m depth or end of copper
mineralization (1500m depth expected to be reached in 10 days).

- 324m of core dispatched for urgent assay.  Results expected within 14
days.

- Large size and strong copper-gold porphyry system indicated with over
1300m of near-continuous visible copper sulphide mineralization and
classic porphyry system geological features.

References to figures related to the version of this release on the
Company's website (www.cornerstoneresources.com) or visible in PDF
format by clicking the link below:

http://www.cornerstoneresources.com/i/pdf/NR14-04Figures.pdf.

Brooke Macdonald, Cornerstone's President & CEO, commented that "the
deepening of Hole CSD 13-005 continues to show strong alteration and
mineralization. The size and intensity of the alteration and
mineralization processes are very impressive. To our knowledge, this
hole is the deepest mineral exploration hole ever drilled in Ecuador.
Other very significant indicators of the huge potential of the Alpala
target are the distribution of copper over the entire present length of
the hole (to date at 1303.5m), the close association of gold to copper
of the gold-enriched porphyry mineralization, and the strong
correlation of magnetic minerals with gold and copper mineralization
opens large and new areas to explore as outlined by the 3D magnetic
model.

>From an economic viewpoint, the Cascabel project is very well located
in northern Ecuador, accessible by a paved road from the capital city,
linked to the Esmeraldas large port facility by a 222 km paved road,
available electrical power (8 hydroelectric plants under construction)
and Ecuador will be exporting electricity surplus by 2017. It is
assumed that the old Ibarra-San Lorenzo (small port city 96 km west of
Cascabel) railroad crossing the northern part of the concession could
eventually be rehabilitated to service the project if needed in the
future".

Drill Hole CSD-13-005

CSD-13-005 was sited to test the depth and lateral extent of bulk-style
copper and gold mineralization encountered in holes 1 and 2 at the
Alpala prospect. Copper and gold assay results have been received to a
depth of 869.68 metres as reported on January 14th.  A strong
relationship between copper and gold mineralization and magnetic
character is indicated to date.

Hole CSD-13-005 resumed drilling from 869.68m depth on January 28th. On
February 10th, the Company announced the observation of coarse-grained
chalcopyrite mineralization from 869.68m to 1106.80m depth.  From
869.68m to 1106.80m the hole intersected potassically altered porphyry
style rocks with intense potassic alteration and veining ranging
between 10-30 veins per metre, with variable fine to coarse grained
copper sulphide fill and disseminated copper sulphides (chalcopyrite,
bornite, chalcocite).

As of February 19th the hole has reached a current depth of 1303.50m
and strong copper mineralization has continued to be encountered to the
current hole depth of 1303.5m.  This latest extension to Hole
CSD-13-005 continues to encounter coarse grained chalcopyrite
mineralization in sulphide-rich veins ('C'-veins) as well as widespread
disseminations of chalcopyrite, bornite and chalcocite (see Figures
1-7). Magnetite and anhydrite, which also characterize the potassic
zone of porphyry systems, continue to be observed in this interval.   

Figures 1 to 7 are photographs of mineralized core at select intervals
between 1108m and 1279.60m depth.

A total of 324m of samples (from 869.68m to 1194m depth) have been
forwarded to the assay laboratory for priority assay.

Hole 5 will continue to be drilled until the sooner of either when
1500m depth is reached, or when copper mineralization is observed to
significantly diminish.

About Cascabel

SolGold Plc currently holds a 50% interest, and can earn up to an 85%
interest, in Exploraciones Novomining S.A. ("ENSA"), the Ecuadorian
subsidiary of Cornerstone that holds 100% the Cascabel concession. 

The Cascabel project is located in north-western Ecuador in an
under-explored northern section of the richly endowed Andean Copper
Belt, 60 km northeast of the undeveloped NI 43-101 compliant inferred
resource of 982 million tons at 0.89% Cu Junin copper project.

Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration
and a qualified person in accordance with National Instrument 43-101,
is responsible for supervising the exploration program at the Cascabel
project and has reviewed and approved the information contained in this
news release.

Logging, sampling and assaying

Holes referred to in this release were or are being drilled using HTW,
NTW and NQ core sizes (respectively 7.1, 5.6 and 4.8 cm diameter).
Geotechnical measurements such as core recovery, fracturing, rock
quality designations (RQD's), specific density and photographic logging
are performed systematically prior to assaying. The core is logged,
magnetic susceptibility measured and key alteration minerals identified
using an on-site portable spectrometer. Core is then sawed in half at
Cornerstone's core logging facility and half of the core is delivered
by Cornerstone employees for preparation at Acme Analytical
Laboratories (ACME) affiliate laboratory in Cuenca. Core samples are
prepared crushing 1 kg to 80% passing 2 mm (10 mesh), splitting 250 g
and pulverizing to 85% passing 0.075 mm (200 mesh) (ACME code
R200-250). Prepared samples are then shipped to ACME in Vancouver,
Canada where samples are assayed for a multi-element suite (ACME code
1E, 0.25g split, 4-acid digestion, ICP-ES finish). Over limit results
for Ag (> 100 g/t), Cu, Pb and Zn (each one > 1%) are systematically
re-assayed (ACME code 7 TD1 or 7 TD2, 4-acid digestion, ICP-ES finish).
Gold is assayed using a 30 g split, Fire Assay (FA) and AA or ICP-ES
finish (ACME code G601).

Quality assurance / Quality control (QA/QC)

The ACME affiliate preparation facility in Cuenca was audited by
Cornerstone prior to the start of the drilling program and ACME is an
ISO 9001:2008 qualified assayer that performs and makes available
internal assaying controls. Duplicates, certified blanks and standards
are systematically used (1 control sample every 15 samples) as part of
Cornerstone's QA/QC program. Rejects, a 100 g pulp for each core sample
and the remaining half-core are stored for future use and controls.

About Cornerstone:

Cornerstone Capital Resources Inc. is a mineral exploration company
based in Mount Pearl, Newfoundland and Labrador, Canada, with a
diversified portfolio of projects in Ecuador and Chile, and a strong
technical team that has proven its ability to identify, acquire and
advance properties of merit. The company's business model is based on
generating exploration projects whose subsequent development is funded
primarily through joint venture partnerships. Commitments from JV
partners constitute significant validation of the strength of
Cornerstone's projects.

Further information is available on Cornerstone's website:
www.cornerstoneresources.com and on Twitter. For investor, corporate or
media inquiries, please contact:
Investor Relations:
Email: ir@cornerstoneresources.ca
North America toll-free: 1 (877) 277-8377

Cautionary Notice:
This news release may contain 'Forward-Looking Statements' that involve
risks and uncertainties, such as statements of Cornerstone's plans,
objectives, strategies, intentions and expectations.  The words
"potential," "anticipate," "forecast," "believe," "estimate," "expect,"
"may," "project," "plan," 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 subsequent to 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,
Brooke Macdonald
President and CEO

Further information is available on the Cornerstone Web site at
www.cornerstoneresources.com; via e-mail at communications@crigold.com;
or toll free at 1-877-277-8377.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

=======================================================================
Copyright (c) 2014 CORNERSTONE CAPITAL RESOURCES INC. (CGP)  All rights
reserved.  For more information visit our website at
http://www.cornerstoneresources.com/ or send
mailto:info@cornerstoneresources.com
Message sent on Thu Feb 20, 2014 at 6:30:00 AM Pacific Time


=======================================================================
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Cornerstone Capital Resources Inc

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ISIN : CA21922J2083
CUSIP : 21922J208
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Cornerstone is a exploration company based in Canada.

Cornerstone develops uranium in Canada, and holds various exploration projects in Canada, in Chile and in Ecuador.

Its main asset in development is AILLIK in Canada and its main exploration properties are CHALEUR, ANAKTALIK, AUCOIN, LABRADOR TROUGH, VOISEY'S BAY PROPERTY, DEER LAKE PROJECT, DORCHESTER, GOSHEN, EL STRATO, LONG LAKE, NOTAKWANON LAKE, TRUE GRIT, CAPE RAY, COLCHESTER, CODROY PROJECT, LONG HARBOUR, OKAK, GARLAND, KAUK, KONRAD, NOEL PAUL'S BROOK, BOBBY'S POND, LITTLE DEER, CONEY ARM and INDIAN ARM in Canada, MACARA, BELLA MARIA, MONTERREY and SIERRAMIN in Ecuador and LA FORTUNA CHILE in Chile.

Cornerstone is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.3 billions as of today (US$ 1.1 billions, € 944.2 millions).

Its stock quote reached its lowest recent point on March 04, 2016 at CA$ 0.02, and its highest recent level on September 18, 2020 at CA$ 6.53.

Cornerstone has 299 560 000 shares outstanding.

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2/16/201010-03 - Cornerstone options Labrador rare metals and REE pro...
11/17/200909-26 - Cornerstone engages Investor Relations consultant
11/5/200909-24 - Ecuador Mining Regulations signed into law
10/16/2009Government of Ecuador confirms date of approval of Mining Re...
10/14/200909-21 - Cornerstone acquires new Lithium and Rare Metals pro...
9/29/200909-20 - Cornerstone acquires new Rare Metals and REE propert...
6/9/2009Corporate Update
6/4/200909-12 - Cornerstone to resume work on Macar=E1 project=2CEcu...
5/26/200909-11 - Cornerstone update on recommencement of work in Ecua...
3/3/200909-04 - Cornerstone updates mining law in Ecuador
2/27/2009Corporate Update
1/15/2009Cornerstone Update
1/13/2009 New Mining Law Approved in Ecuador
11/21/2008Cornerstone Update
9/30/2008approves new constitution, clears way for new mining law
9/25/2008Cornerstone Update
8/11/2008Monthly Update - Monday, August 11, 2008
7/14/2008personnel change
6/19/2008Update on Little Deer
6/11/2008and Altius form alliance to explore for copper in the Labrad...
5/22/2008adds claims in the Bay St. George evaporite basin
5/20/2008Report on the drilling on the Little Deer Copper project
5/7/2008acquires new uranium property
4/29/2008acquires property with potash potential
4/25/2008Participates in Industry- Canadian Government Meeting With E...
4/23/2008 Evaluates Impact of Mining Mandate in Ecuador
4/23/2008 Update
2/12/2008 and Newmont Sign Definitive Agreement on Ecuador Strategic ...
2/4/2008John C. Crosbie resigns from Cornerstone's Board. Mr. Crosb...
1/10/2008Monthly review
12/6/2007 Monthly Review
11/8/2007 Monthly Review
10/22/2007and Newmont to Explore Southern Ecuador
10/17/2007La Plata Update
10/16/2007provides update on the La Plata VMS project, Ecuador
10/11/2007September Update
9/10/2007August Update
8/29/2007partners with Phelps Dodge Corporation of Canada, Limited to...
8/3/2007July Update
7/26/2007announces 4.7% Zinc intercept in drilling by Mountain Lake R...
7/10/2007 and Thundermin Commence Drill Program on the Little Deer Co...
6/11/2007 May update - the Drills start turning
6/7/2007(Shyri)Provides update on geophysics at GAMA, Shyri project, southe...
5/15/2007Signs JV Agreement and Commences Drill Program on Cornerston...
5/7/2007plans to drill 26,000 metres on five projects in Canada and ...
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