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Re: Corporate Update - Monday, May 17, 2010
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Dear Subscriber,
Many of our shareholders have been patiently waiting for the day when drilling would commence on the Gama prospect on our Shyri property in Ecuador. As reported this morning (see http://www.cornerstoneresources.com/s/NewsReleases.asp?ReportID=400180&_Type=News&_Title=10-09-Cornerstone-reports-significant-progress-on-Ecuador-permits ) that should soon be a reality.
Based on the geological potential of that project alone many analysts and letterwriters were recommending CGP before the moratorium. The following are some examples;
1. On May 15th, 2007 Jay Taylor, writing in the J. Taylor's Gold & Technology Stocks described Cornerstone as "Undervalued" and suggested a BUY up to $0.78. For more information on Jay Taylor go to http://www.miningstocks.com/.
2. On May 18th, 2007 John Kaiser, writing in the Kaiser Bottom Fish Report - Express 2007-02 asked the question, "Can betting on both the Coastport hare and the Cornerstone tortoise be smart?" and answered it with a Yes. For more information on John Kaiser go to http://www.kaiserbottomfish.com/s/Home.asp.
3. On May 22nd, 2007 Matt Badiali, writing in the S&A Gold Report Update issued his Top Ten Prospect Generator picks in the junior mineral exploration sector. Cornerstone was among that group who were invited to make a presentation to Matt and his clients at the 5th Annual True Wealth Gold & Commodities Conference in Long Beach, CA on May 30th. For more information on Matt Badiali go to http://www.dailywealth.com/ or http://www.stansberryresearch.com/. To view the Power Point presentation made there go to http://www.cornerstoneresources.com/s/Presentations.asp.
4. In his May 29th, 2007 issue of Resource Opportunities Lawerence Roulston provided a brief update to his readers about Cornerstone's work program for 2007. For more information on Lawerence Roulston go to http://www.resourceopportunities.com/s/Home.asp.
5. On May 31st, 2007 in Chicago at the Doug Casey Gold & Silver Summit, Louie Janes, senior research analyst with the Doug Casey Group, gave Cornerstone (as what was described to me by one attendee) a phenomenal recommendation on the Top micro-cap pick panel. For more information on the Casey Group go to http://www.caseyresearch.com/.
6. On June 4th, 2007 Graeme Irvine, writing in his Global Profiles LLC, featured Cornerstone for the third time in the past year. For more information on Graeme Irvine go to http://www.globalprofiles.net.
*Note -- all references were reprinted with permission.
In an update to shareholders on June 10th, 2007 I made the following comment; "Along with the chip and channel sampling, soil sampling and supportive reports by various independent consultants, the results of the geophysical survey so far supports the geological model we've been using to guide our exploration efforts. Collectively all the work leads us to an interpretation of mineralization at depth below the plateau. This view is also supported by the Ermitas breccia, a late hydrothermal breccia located on the plateau east of the Boquer�n zone that contains abundant silicic fragments, locally with pyrite-enargite mineralization. As previously reported, an individual mineralized clast from the breccia returned a grade of 3.0 g/t Au and the breccia matrix returned a grade of 5.7 g/t Au, providing indirect evidence that the breccia has sampled and carried gold mineralization hosted in a silicic zone at depth. These grades indicate potential for discovery of a buried, gold-mineralized, sulphide-bearing silicic zone(s) associated with the broader alteration below the plateau, typical of high sulphidation deposits, including Quimsacocha."
To view comments by Dr. Jeffery W. Hedenquist on the Shyri property or to view other information about the Shyri property and its various high potential targets visit please visit http://www.cornerstoneresources.com/s/Ecuador.asp?ReportID=136203
Best regards.
Glen
Glen H. McKay, Chairman
Cornerstone Capital Resources Inc.
Excellence in Mineral Exploration
"People, Process, Projects"
TSXV - "CGP" / OTC - "CTNXF"
F - "GWN" / B - "GWN"
Email: ghmckay@crigold.com
www.cornerstoneresources.com
Toll Free 1-877-277-8377
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Copyright (c) 2010 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 Mon May 17, 2010 at 4:45:00 PM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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DEVELOPMENT STAGE |
CODE : CGP.V |
ISIN : CA21922J2083 |
CUSIP : 21922J208 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cornerstone is a exploration company based in Canada. Cornerstone develops uranium in Canada, and holds various exploration projects in Canada, in Chile and in Ecuador. Its main asset in development is AILLIK in Canada and its main exploration properties are 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 and INDIAN ARM in Canada, MACARA, BELLA MARIA, MONTERREY and SIERRAMIN in Ecuador and LA FORTUNA CHILE in Chile. Cornerstone is listed in Canada, in Germany and in United States of America. Its market capitalisation is 185.0 millions as of today (US$ 147.9 millions, € 139.4 millions). Its stock quote reached its lowest recent point on March 04, 2016 at 0.02, and its highest recent level on September 18, 2020 at 6.53. Cornerstone has 47 442 200 shares outstanding. |