Macara Project
Country Ecuador 
Close to Macara
Surface 75 km² / 18,532 acres
Latitude / Longitude 4 s 21 / 79 W 52
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Explores for Gold -
Last updated on 9/28/2010 - Terms of Use
Risk and valuation analysis of the Macara Project
Status Risk : Green exploration
Country Risk : Very High
Title(s) of the Macara Project
Cornerstone Capital Resources Inc
Owner: 100%
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The Rinconada concession, which is within the Macara project area, as well as rights to a regional geochemical database, were acquired in 2005 as part of Cornerstone's initial acquisition from Sierra Minera SA (Sierramin), a private Ecuadorian mining more...
Newmont Mining Corp
Option on interest: 51%
Company ProfileAll ProjectsCompany website
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Newmont , through a $1M private placement in Cornerstone priced at a premium to market which will be spent on a Phase I program evaluating a large prospective area of Southern Ecuador for gold, will be able, if they elect to go into Phase II, to e more...
Location of the Macara Project
The Macara property is approximately 75 km2 located near the Ecuador-Peru border.
Geology of the Macara Project
The property hosts gold bearing quartz-tourmaline veins and breccias associated with an intrusive body. Recent work by Sierramin has returned assay values from channel samples up to 23.8 g/t Au over 1.0 m and 7.3 g/t Au over 1.8 m. Chip samples colle more...
Data last updated on : 10/22/2007
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