Cascabel Copper Gold and Silver Recovery Improvements Drive Modeled Revenue Increases
OTTAWA, Oct. 28, 2019 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce significant improvements in copper and gold recoveries from metallurgical testing at the Alpala deposit at its Cascabel copper-gold porphyry joint venture in northern Ecuador. Cornerstone has a 22.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable out of Cornerstone’s share of project cash flow, plus (ii) an indirect interest comprised of 9.2% of the shares of joint venture partner and project operator SolGold Plc.
Figures related to this news release can be seen in PDF format by accessing the version of this release on the Company’s website (www.cornerstoneresources.com) or by clicking on the link below:http://www.cornerstoneresources.com/i/pdf/NR19-32Figures.pdf.HIGHLIGHTS:The current metallurgical test program has expanded on that conducted during the Preliminary Economic Assessment (PEA1), and has produced substantial improvements in copper, gold and silver recovery and in copper concentrate grade. These results are supported by both locked cycle and leach diagnostic tests.