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To know how to wait. It is the great secret to success
Joseph de Maistre
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Macara Project
Macara
Country
Ecuador
Close to
Macara
Status
GREEN EXPLORATION
Surface
75 km² / 18,532 acres
Latitude / Longitude
4 s 21 / 79 W 52
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Gold -
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%
Title
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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%
Title
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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...
Resources targeted of the Macara Project
Gold -
Exploration and drilling
4/30/2008
(Cornerstone)
and Newmont announce force majeure in Ecuador
10/22/2007
(Newmont)
and Cornerstone Propose to Form a Strategic Exploration Alli...
Location
Data last updated on : 10/22/2007
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