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Cornerstone Capital Resources Inc

Publié le 25 février 2014

14-05 - SolGold elects to increase ownership to 85%

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Mots clés associés :   Canada | Copper |
=======================================================================
Re:   News - Tuesday, February 25, 2014
      14-05 - SolGold elects to increase ownership to 85%
=======================================================================

Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc.
("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF)
announces that it has received notice from SolGold Plc electing to
increase their equity ownership in Exploraciones Novoming S.A. ("ENSA")
to 85%. 

About Cascabel

SolGold will hold 85% interest in ENSA, the Ecuadorian subsidiary of
Cornerstone that holds 100% of the Cascabel concession. SolGold must
subscribe to CAD$250,000 of shares in Cornerstone at $0.10 per share,
subject to TSX-V approval, and give Cornerstone CAD$100,000 of SolGold
shares to increase the ownership to 85%.

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.

Drill Hole CSD-13-005 Update

CSD-13-005 has been terminated at 1,370 metres due to difficult ground
conditions. Assays from 869.5m to 1,194m are expected within a week,
and assays from 1,194m to 1,330m have been dispatched to the assay lab
and results are expected within 10 days. The last 40m will be sent to
the lab shortly.

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 Tue Feb 25, 2014 at 5:15:00 AM Pacific Time


=======================================================================
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Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Cornerstone Capital Resources Inc

EN DÉVELOPPEMENT
CODE : CGP.V
ISIN : CA21922J2083
CUSIP : 21922J208
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Cornerstone est une société d’exploration minière basée au Canada.

Cornerstone est en développement de projets d'uranium au Canada, et détient divers projets d'exploration au Canada, au Chili et en Equateur.

Son principal projet en développement est AILLIK au Canada et ses principaux projets en exploration sont 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 et INDIAN ARM au Canada, MACARA, BELLA MARIA, MONTERREY et SIERRAMIN en Equateur et LA FORTUNA CHILE au Chili.

Cornerstone est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,2 milliards CA$ (924,5 millions US$, 809,9 millions €).

La valeur de son action a atteint son plus bas niveau récent le 04 mars 2016 à 0,02 CA$, et son plus haut niveau récent le 18 septembre 2020 à 6,53 CA$.

Cornerstone possède 299 560 000 actions en circulation.

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19/05/2010Options New Brunswick REE property
18/05/2010Corporate Update
17/05/201010-09 - Cornerstone reports significant progress on Ecuador ...
03/05/2010Intersect 4.6% Cu over 5.9 metres, including 14.5% copper ov...
16/04/2010Corporate Update
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16/02/201010-03 - Cornerstone options Labrador rare metals and REE pro...
17/11/200909-26 - Cornerstone engages Investor Relations consultant
05/11/200909-24 - Ecuador Mining Regulations signed into law
16/10/2009Government of Ecuador confirms date of approval of Mining Re...
14/10/200909-21 - Cornerstone acquires new Lithium and Rare Metals pro...
29/09/200909-20 - Cornerstone acquires new Rare Metals and REE propert...
09/06/2009Corporate Update
04/06/200909-12 - Cornerstone to resume work on Macar=E1 project=2CEcu...
26/05/200909-11 - Cornerstone update on recommencement of work in Ecua...
03/03/200909-04 - Cornerstone updates mining law in Ecuador
27/02/2009Corporate Update
15/01/2009Cornerstone Update
13/01/2009 New Mining Law Approved in Ecuador
21/11/2008Cornerstone Update
30/09/2008approves new constitution, clears way for new mining law
25/09/2008Cornerstone Update
11/08/2008Monthly Update - Monday, August 11, 2008
14/07/2008personnel change
19/06/2008Update on Little Deer
11/06/2008and Altius form alliance to explore for copper in the Labrad...
22/05/2008adds claims in the Bay St. George evaporite basin
20/05/2008Report on the drilling on the Little Deer Copper project
07/05/2008acquires new uranium property
29/04/2008acquires property with potash potential
25/04/2008Participates in Industry- Canadian Government Meeting With E...
23/04/2008 Evaluates Impact of Mining Mandate in Ecuador
23/04/2008 Update
12/02/2008 and Newmont Sign Definitive Agreement on Ecuador Strategic ...
04/02/2008John C. Crosbie resigns from Cornerstone's Board. Mr. Crosb...
10/01/2008Monthly review
06/12/2007 Monthly Review
08/11/2007 Monthly Review
22/10/2007and Newmont to Explore Southern Ecuador
17/10/2007La Plata Update
16/10/2007provides update on the La Plata VMS project, Ecuador
11/10/2007September Update
10/09/2007August Update
29/08/2007partners with Phelps Dodge Corporation of Canada, Limited to...
03/08/2007July Update
26/07/2007announces 4.7% Zinc intercept in drilling by Mountain Lake R...
10/07/2007 and Thundermin Commence Drill Program on the Little Deer Co...
11/06/2007 May update - the Drills start turning
07/06/2007(Shyri)Provides update on geophysics at GAMA, Shyri project, southe...
15/05/2007Signs JV Agreement and Commences Drill Program on Cornerston...
07/05/2007plans to drill 26,000 metres on five projects in Canada and ...
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4,32%
Cours préc. Ouverture
3,70 3,70
Bas haut
3,70 3,86
Année b/h Var. YTD
3,49 -  5,23 -4,46%
52 sem. b/h var. 52 sem.
3,49 -  5,23 -%
Volume var. 1 mois
6 796 -10,23%
24hGold TrendPower© : 24
Produit
Développe Uranium
Recherche Copper - Gold - Lead - Nickel - Rare earth - Silver - Uranium - Zinc
 
 
 
Analyse
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Dernière mise à jour le : 19/11/2010
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Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2022-8,75%
2021-16,24%5,483,40
202094,98%6,531,36
2019825,00%4,310,20
20180,00%0,390,14
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
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McEwen Mining(Cu-Le-Zn)MUX
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Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
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KEFIKEFI.L
Reduced Funding Requirement
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Lupaka Gold Corp.LPK.V
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Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
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Canarc Res.(Au)CCM.TO
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Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
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Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
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2nd Quarter Report
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