Welcome!

Java IoT Authors: Elizabeth White, Liz McMillan, Mano Marks, Mehdi Daoudi, Kevin Benedict

News Feed Item

Cornerstone and SolGold Define Additional Gold-Copper Soil Anomalies and Geological Targets at the Cascabel Project, Ecuador

MOUNT PEARL, NEWFOUNDLAND -- (Marketwire) -- 12/20/12 -- Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) is pleased to provide an update on exploration activities at the Cascabel gold-copper porphyry project in Ecuador. The 5,000 hectare Cascabel Project is optioned to SolGold Plc (AIM code: SOLG), which is earning a 65% initial interest in the Project by spending $7.8 million over 4 years. SolGold is directing the exploration program and Cornerstone is implementing the program.

Exploration has progressed in 4 key areas -


1.  Further soil sampling continues to deliver very encouraging results 
2.  Rock alteration mapping delivers very encouraging results 
3.  Trench sampling confirms outcropping gold-copper mineralization 
4.  Progress with components of the drill permitting process 

Soil Sampling Survey

The regional-scale soil sampling program has progressed to cover the southern portions of the concession and to partially complete infill sampling of the northern area. The results have defined additional gold, copper and molybdenum anomalies, along with other supporting elements. The anomalies are clustered and cover a broad aerial extent as shown in Figures 2a, 2b and 2c of the following map link: http://cornerstoneresources.com/i/pdf/NR12-26Cascabel.pdf. The broad and coherent area of molybdenum anomalism in the south is considered most significant because of the association with strong and extensive alteration and supporting anomalism of other elements.

This is very encouraging and further supports and enhances the definition of the T1 target area, with coincident gold, copper and molybdenum. This target has been further strengthened by recent geological work (rock alteration mapping) outlined below.

Additional soil anomalies have been defined in other areas and these will be further investigated.

It is considered significant that extensive areas of gold, copper and molybdenum anomalism have been defined, and that these anomalous areas are open in most directions. The soil sampling program will need to be extended to define the limits of these anomalous areas.

Rock Alteration Mapping

A comprehensive 'rock alteration mapping' survey is being undertaken in conjunction with the soil sampling program. This survey identifies alteration minerals that may form in association with gold-copper porphyry systems. This exploration technique has been successfully applied elsewhere in the search for gold-copper porphyries, and in particular during the exploration phase of the Candrian prospect adjacent to the giant Tujuh Bukit porphyry deposit in Indonesia (Norris, 2009). Used in conjunction with other datasets it assists in locating the central parts of a mineralized system, and therefore provides vectors for drill planning.

Figure 3 (see map link) shows the 'spectral alteration map' and highlights areas of high temperature clay alteration coincident with the T1 geophysical target and areas of coincident gold-copper-molybdenum from soil sampling.

Trench Sampling

Rock saw trench channel sampling at Quebrada Moran has been expanded, and has been undertaken at Quebrada America and Tandayama. The results support the geological mapping and have defined some areas of anomalous copper and gold.

At Quebrada Tandayama 6 channels were sampled and delivered anomalous results of gold and copper (see Table 1 below). At Quebrada America 10 channels were sampled and delivered anomalous, but lower level assay results.

The results show that the area of Q. Tandayama and Q. America is a copper system with some supporting molybdenum, and weak gold, while results of sampling at the area of Q. Moran show that it is a gold-copper system. These differing geochemical signatures may also be related to erosional level. Drilling will ultimately test these concepts. The areas that have been channel sampled to date all lie outside of the main target (T1) at Cascabel. Future channel sampling will be conducted in the Quebrada Alpala area which lies within the principal target.

Drill Permitting Progress

The drill permitting process requires the concession holder to prepare water management plans, an environmental impact assessment (EIA) of the proposed drilling program, and to undertake a structured community consultation and endorsement program.

These activities are currently underway. The baseline studies for the EIA have commenced and a team from consulting firm Cardno-Entrix is on site and working with our community officer and the local communities. A draft EIA is expected by mid-January. Applications for water permits have been submitted to the Water Agency regional office (SENAGUA) for the sourcing of water from 5 potential sites to support the drilling program.

The anticipated first pass drilling program will be based on a 2,500 m program comprising man portable drilling rigs with very low environmental impact. Members of the local community have been taken to tour an active drilling program in southern Ecuador so that they may see first-hand the responsible way in which Cornerstone undertakes the exploration program.

Table 1: Composite rock saw channel sample results (for reference 1000 ppm Cu = 0.1% Cu).


                                  CHANNEL INTERSECTIONS                     
----------------------------------------------------------------------------
Location        Metres       Au       Ag       Cu       Pb       Zn       Mo
----------------------------------------------------------------------------
                            g/t      g/t      ppm      ppm      ppm      ppm
----------------------------------------------------------------------------
Q. Moran            18     0.04     0.88      686        8      238      2.2
----------------------------------------------------------------------------
Q. Moran          16.2     0.21     0.58     1805        4      135      1.0
----------------------------------------------------------------------------
Q. Moran           6.8     0.01     0.25      246        4      167      1.0
----------------------------------------------------------------------------
Q. Moran           6.9     0.01     0.25      167        3      199      1.0
----------------------------------------------------------------------------
Q. Moran          14.6     0.12     0.37     1220        3      203      1.1
----------------------------------------------------------------------------
Q. Moran          7.33     0.05     0.25      598        3      117      1.9
----------------------------------------------------------------------------
Q. Moran          18.5     0.03     0.25      523        4      211      5.1
----------------------------------------------------------------------------
Q. Moran           8.3     0.01     0.25      175       14      224      3.1
----------------------------------------------------------------------------
Q. Moran          16.4     0.05     0.25      351        7      153      3.9
----------------------------------------------------------------------------
Q. Moran         11.86     0.08     0.33      825       11      484      2.6
----------------------------------------------------------------------------
Q. Moran          6.02     0.06     0.25      917        5      275      2.0
----------------------------------------------------------------------------
Q. Moran          7.51     0.07     0.25      379        6       91      6.8
----------------------------------------------------------------------------
Q. Moran         17.85     0.08     2.13      972      105     1507      6.3
----------------------------------------------------------------------------
Q. Moran         20.61     0.03     0.30      246       14      211      6.1
----------------------------------------------------------------------------
Q. Moran         14.87     0.02     0.25      298        9      295      2.7
----------------------------------------------------------------------------
Q. Moran         24.78     0.03     0.67      152       35      289      1.0
----------------------------------------------------------------------------
Q. Moran         20.92     0.11     1.78      400       26      421      3.1
----------------------------------------------------------------------------
Q. Moran          9.86     0.04     0.66      137        8      154      1.0
----------------------------------------------------------------------------
Q. Moran          8.27     0.03     0.68      371      154      493      1.2
----------------------------------------------------------------------------
Q. Moran          12.8     0.03     0.62      373       31      359      1.2
----------------------------------------------------------------------------
Q. Moran          3.83     0.01     0.68      179       43      874      1.0
----------------------------------------------------------------------------
Q. Moran          8.44     0.01     0.50      261       89      753      1.0
----------------------------------------------------------------------------
Q. Moran         22.82     0.28     4.69      891      371     5213      3.1
----------------------------------------------------------------------------
Q. Tandayama     56.03     0.14     0.59     1689        7       99      3.3
----------------------------------------------------------------------------
Q. Tandayama     15.74     0.17     0.87     1975        4       99      1.3
----------------------------------------------------------------------------
Q. Tandayama     27.91     0.06     0.44      775       11       85      3.2
----------------------------------------------------------------------------
Q. Tandayama      5.99     0.14     1.00     1045       55      325     35.7
----------------------------------------------------------------------------
Q. Tandayama     20.05     0.02     0.25      238       11      145      3.6
----------------------------------------------------------------------------
Q. Tandayama        37     0.05     0.27      322       14      305      2.6
----------------------------------------------------------------------------
Q. America       10.64     0.01     0.25      217        3       57      1.0
----------------------------------------------------------------------------
Q. America         2.1     0.02     0.25      155        3       45      1.0
----------------------------------------------------------------------------
Q. America       12.83     0.03     0.25      313        3       44      4.4
----------------------------------------------------------------------------
Q. America       22.13     0.03     0.33      233       12       97      1.0
----------------------------------------------------------------------------
Q. America       37.14     0.02     0.36      303        9       58      6.0
----------------------------------------------------------------------------
Q. America        4.99     0.02     0.44      348       10       73      4.7
----------------------------------------------------------------------------
Q. America         5.4     0.07     0.66      855       59     1748     12.0
----------------------------------------------------------------------------
Q. America       10.55     0.02     0.37      495        9       79      5.4
----------------------------------------------------------------------------
Q. America        1.68     0.05     0.25      982       14       43     13.0
----------------------------------------------------------------------------
Q. America         8.6     0.02     0.25      364       11       77      3.6
----------------------------------------------------------------------------

Reference: Norris, M., 2009, The Discovery History of the Tujuh Bukit Copper-Gold Project East Java, Indonesia; NewGenGold Conference, Perth, November 2009.

Assaying, Quality Assurance/Quality Control (QAQC)

Samples were delivered in sealed bags by Cornerstone employees to the ACME preparation laboratory in Cuenca. Rock samples are prepared (ACME code R200-250), and assayed by the ACME-Vancouver laboratory (www.acmelab.com) for gold (ACME code G601, F.A., 30 g) and multi-elements (ACME code 1E, 4 Acid digestion ICP-ES finish). All over limits results for precious and base metals were systematically re-assayed (ACME codes G6Gr and 7TD). Stream sediment samples are prepared (ACME code SS80), and assayed for gold (ACME code G601, F.A., 30 g) and multi-elements (ACME code 1EX, 4 acid digestion, ICP-MS finish).

ACME is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Certified blanks and standards are systematically inserted every 25 samples as part of Cornerstone's QA/QC program.

Qualified Person:

Yvan Crepeau, M.Ba., P.Geo., General Manager of Cornerstone Ecuador S.A. 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.

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 Canada, 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.

The link to a recent Corporate presentation is: http://www.cornerstoneresources.com/i/pdf/Presentations_0412_CRICorporate.pdf

Investors can also access Cornerstone on Twitter

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 [email protected]; 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.