cornerstone capital resources inc. www ...cascabel project the cascabel property is located...

6
Joint Venture with SolGold Plc on Cascabel gold-copper property in northern Ecuador SolGold is funding exploration, has earned an 85% interest and Cornerstone’s 15% interest will be financed through to completion of a bankable (NI 43-101) feasibility study. Phase 1 drilling program (5 holes, 2,840m). Hole 5 assays indicate discovery of a large gold-enriched copper porphyry system, intersecting 1306m grading 0.62% Cu and 0.54 g/t Au, with higher grade intervals including 672m grading 0.93 % Cu and 0.91 g/t Au (from 658m) 552m grading 1.03% Cu and 1.05 g/t Au (from 778m) 258m grading 1.27% Cu and 1.40 g/t Au (from 1052m) Phase 2 drilling program underway: Hole 7 intersected 597.26m grading 0.46% Cu and 0.18 g/t Au from 654m to 1251.26m, with higher grade intervals including 195m grading 0.67 % Cu and 0.36 g/t Au (from 1056m) 91m grading 0.83% Cu and 0.57 g/t Au (from 1160m) 51m grading 1.05% Cu and 0.85 g/t Au (from 1200m) Preliminary resistivity/conductivity modeling from Induced Polarization (IP) survey supports geological model and presence of porphyry targets. Preliminary metallurgical results from rougher flotation testwork show 91-98% recovery of copper and gold. Second drill rig ready to be mobilized to Cascabel upon completion of IP modeling. Potential for additional Option/JV agreements in Ecuador + Chile September 15, 2014 Cornerstone Capital Resources Inc. www.cornerstoneresources.com INVESTMENT HIGHLIGHTS EXECUTIVE SUMMARY The information contained in this summary, while obtained from sources that we believe to be reliable, is not guaranteed as to its accuracy or completeness. This summary is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities referred to herein.

Upload: others

Post on 09-Sep-2020

8 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Cornerstone Capital Resources Inc. www ...Cascabel project The Cascabel property is located approximately 120 km north of Quito and 20 km south of the Colombian border. Environmental

Joint Venture with SolGold Plc on Cascabel gold-copper property in northern Ecuador

SolGold is funding exploration, has earned an 85% interest and Cornerstone’s 15% interest will be financed through to completion of a bankable (NI 43-101) feasibility study.

Phase 1 drilling program (5 holes, 2,840m). Hole 5 assays indicate discovery of a large gold-enriched copper porphyry system, intersecting 1306m grading 0.62% Cu and 0.54 g/t Au, with higher grade intervals including

• 672m grading 0.93 % Cu and 0.91 g/t Au (from 658m)

• 552m grading 1.03% Cu and 1.05 g/t Au (from 778m)

• 258m grading 1.27% Cu and 1.40 g/t Au (from 1052m)

Phase 2 drilling program underway: Hole 7 intersected 597.26m grading 0.46% Cu and 0.18 g/t Au from 654m to 1251.26m, with higher grade intervals including

• 195m grading 0.67 % Cu and 0.36 g/t Au (from 1056m)

• 91m grading 0.83% Cu and 0.57 g/t Au (from 1160m)

• 51m grading 1.05% Cu and 0.85 g/t Au (from 1200m)

Preliminary resistivity/conductivity modeling from Induced Polarization (IP) survey supports geological model and

presence of porphyry targets.

Preliminary metallurgical results from rougher flotation testwork show 91-98% recovery of copper and gold.

Second drill rig ready to be mobilized to Cascabel upon completion of IP modeling.

Potential for additional Option/JV agreements in Ecuador + Chile

September 15, 2014

Cornerstone Capital Resources Inc.

www.cornerstoneresources.com

INVESTMENT HIGHLIGHTS

EXECUTIVE SUMMARY

The information contained in this summary, while obtained from sources that we believe to be reliable, is not guaranteed as to its accuracy or completeness. This

summary is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities referred to herein.

Page 2: Cornerstone Capital Resources Inc. www ...Cascabel project The Cascabel property is located approximately 120 km north of Quito and 20 km south of the Colombian border. Environmental

CORNERSTONE CAPITAL RESOURCES INC.

2

EcuadorCornerstone Resources has been exploring in Ecuador since 2005 (having spent ~$25 million there). Currently we hold the mineral rights to 8 concessions covering 168.3 km² in Ecuador's central cordillera.

Joint Venture projects

Cascabel Project – Porphyry Cu-Au JV with SolGold

La Encrucijada – Epithermal HS Au-Ag JV with SolGold

Macara – Regional exploration program – JV with

Newmont

100% -Owned projects

Vetas Grandes – Epithermal LS to IS Au-Ag

Bella Maria – Porphyry and breccia Au-Cu

Caña Brava – Epithermal HS Au-Ag

Cascabel project The Cascabel property is located approximately 120

km north of Quito and 20 km south of the Colombian

border. Environmental license for drilling granted

Aug, 2013 and Phase 1 drilling program began in

Sept. Targeting porphyry copper-gold deposits.

Located in same belt as Junin porphyry copper

deposit (982 Mt @ 0.89% Cu – Codelco/ Enami)

located 70 km to the south, and the Colosa porphyry

gold deposit (24 Moz Au in resources – AngloGold

Ashanti) located to the north in central Colombia.

LOI announced with SolGold February 28, 2012.

SolGold has 85% interest - Cornerstone 15%.

Exploration Funding - 100% SolGold through BFS.

Hole 5 assays indicate discovery of a large gold-

enriched copper porphyry system, returning 1306m

grading 0.62% Cu and 0.54 g/t Au), with higher

grade intervals including

• 672m grading 0.93 % Cu and 0.91 g/t Au (from

658m)

• 552m grading 1.03% Cu and 1.05 g/t Au (from

778m)

• 258m grading 1.27% Cu and 1.40 g/t Au (from

1052m).

Several porphyry targets yet to be drill tested on the

50 km² property.

Page 3: Cornerstone Capital Resources Inc. www ...Cascabel project The Cascabel property is located approximately 120 km north of Quito and 20 km south of the Colombian border. Environmental

La Encrucijada projectTwo High Sulphidation (HS) Epithermal Au-Ag prospects identified:

Marcoloma and Potrerillos: a 3 km X 1 km advanced argillic

HS zone in the central part of the property. Extensive areas of

felsic hydrothermal breccias have been mapped. Porphyry-style

potassic alteration underlies silica-alunite advanced argillic

alteration. Significant Au-Ag results in rocks and soils.

Alumbre: a NW oriented, 500m by 200m, 1000 m below the

Marcoloma zone, structurally controlled, gold and silver

mineralized prospect interpreted as being part of the transition

zone between the epithermal and porphyry system.

JV - 15% Cornerstone/85% SolGold.

Macara project Strategic alliance and JV agreement signed with Newmont

Ventures in Feb. 2008.

Exploration funding - 100% Newmont.

AOI 2500 km².

Regional geochemical and exploration program.

581 Stream Sediment samples: 473 Bleg samples, > 2000 rock

samples and 96 soil samples collected.

A series of large prospective areas defined within this

underexplored area of Ecuador and showing similarities to

known mineralization in northern Peru.

Generative program Cornerstone has a strong capability to generate new projects

using its proprietary databases, in-country knowledge and

experienced team of professionnals.

Cornerstone a choice partner in Ecuador.

3

Block 2 – Au assay results

CORNERSTONE CAPITAL RESOURCES INC.

Page 4: Cornerstone Capital Resources Inc. www ...Cascabel project The Cascabel property is located approximately 120 km north of Quito and 20 km south of the Colombian border. Environmental

Caña Brava project Property hosts two large HS epithermal gold-silver

zones defined by extensive hydrothermal breccia

and silica ribs developed within an argillic alteration

lithocap.

West Zone (Caña Brava Breccia) covers 2.5 km by

2 km and is coincident with a 3 km by 1 km multi-

element soil geochemistry anomaly.

East zone shows similar HS system measuring 1.75

km by 1 km, open in most directions.

Strong indications of a possible porphyry gold-

copper target beneath the Caña Brava Breccia.

4

Vetas Grandes project Potential to host significant epithermal Low Sulphidation

(LS) to Intermediate Sulphidation (IS) style gold-silver

deposit, covers 4700 hectares, located 15 km SW of

Loma Larga (formerly Quimsacocha).

Several large, 3m to 7m veins, and quartz vein/vein

breccia/stockwork forming swarm striking east-northeast

over 1.4 km.

Veins have elevated levels of mercury, selenium and

tellurium and display diagnostic textures indicative of

boiling zone with bonanza grades focused at the 3,200 m

elevation.

Extensive surface sampling, trenching and geophysical

surveys completed.

Drill targets identified, once funding in place permitting

should take 6 – 8 months.

Bella Maria project Initial results indicate excellent potential to host

significant porphyry and structurally controlled

(breccias and veins) gold and copper mineralization.

Stream sediment samples collected across the

property are exceptionally anomalous in gold.

Large (3 by 2 km) coincident gold - copper –

molybdenum in-soil anomaly identified in central part

of property.

Four mineralized prospects have been identified so

far through limited field work.

CORNERSTONE CAPITAL RESOURCES INC.

Rocks and Soil

Gold Asia results

Page 5: Cornerstone Capital Resources Inc. www ...Cascabel project The Cascabel property is located approximately 120 km north of Quito and 20 km south of the Colombian border. Environmental

CORNERSTONE CAPITAL RESOURCES INC.

5

ChileCornerstone's most recent acquisition, made through its wholly-owned subsidiary Minera Cornerstone Chile Limitada ("MCCL"), is the Miocene project in Chile. This project was selected after two years of careful research and evaluation, and Cornerstone feels it offers tremendous potential for discovery of large gold-silver-copper deposits.

The Alicahue project was acquired through a regional exploration program using knowledge developed at the La Fortuna project located 10 km to the south.

Miocene projectThe Miocene project is located in the Atacama Region of northern Chile, and is targeting epithermal gold-silver and porphyry gold-copper deposits along the interpreted northern extension of the Maricunga magmatic belt which hosts several world-class gold deposits.

Alicahue project Located in Region V of Chile, close to

infrastructures.

Cu-Ag replacement type of mineralization.

Prospective environment and significant copper and

silver assay results obtained from limited prospecting

work.

Regional exploration program specifically designed to

identify buried porphyry Au-Cu and large epithermal Au-Ag

mineralized systems.

Work done in 2011 and 2012 outlined anomalous precious

and base metals zones associated to epithermal altered

zones.

Located neighbor and on strike of newly discovered

epithermal Titan and Atlas Au-Ag prospects by Mirasol

Resources ltd.

Page 6: Cornerstone Capital Resources Inc. www ...Cascabel project The Cascabel property is located approximately 120 km north of Quito and 20 km south of the Colombian border. Environmental

David Loveys

CFO

(709) 745-6047

[email protected]

CORNERSTONE CAPITAL RESOURCES INC.

6

Cornerstone Capital Resources Inc.

Brooke Macdonald

President & CEO

(877) 277-8377

[email protected]

CONTACT INFORMATION

26 Kyle Ave. | Mount Pearl, NL A1N 4R5

www.cornerstoneresources.com

Shares Outstanding Treasury Position

Common Shares Issued 189,815,330Approximate treasury position as

at June 30, 2014$4.2 million

Options 12,431,998 Debt level $0

Warrants 42,647,617

Total (fully diluted) 244,894,945

Yvan Crepeau, MBA, P.Geo., Cornerstone’s Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, has reviewed and

approved the information contained in this summary.

This summary 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 summary 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 summary. 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.