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Re: News - Friday, August 21, 2009
09-17 - Cornerstone and Thundermin file Technical Report on
Little Deer Mineral Resources
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Mount Pearl, NL, Canada: Cornerstone Resources Inc. ("Cornerstone")
(TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) and 50% joint venture partner
Thundermin Resources Inc. ("Thundermin") (THR:TSX) announce that a
National Instrument 43-101 ("NI 43-101") Technical Report, to support
the mineral resource estimate for the Little Deer Copper Deposit
("Deposit") that was disclosed on July 7, 2009, has been filed on SEDAR
and posted on each company's respective website.
The Mineral Resource Estimate and the Technical Report entitled
"Technical Report on the Initial Mineral Resource Estimate for the
Little Deer Copper Deposit, Newfoundland, Canada, August 14, 2009" were
prepared by Mr. Reno Pressacco, M.Sc.(A), P.Geo., Senior Geologist with
Micon International Limited ("Micon") of Toronto, Ontario and an
independent Qualified Person ("QP") in accordance with NI 43-101.
As reported on July 7, 2009, Micon estimated that the Deposit contains
indicated mineral resources of 1,087,000 tonnes at an average grade of
2.9% Cu and inferred mineral resources of 1,950,000 tonnes at an
average grade of 2.3% Cu.
A $900,000
Diamond drilling program, announced on February 25, 2009 for
the first half of 2009, was completed at the end of July 2009. Four
holes from this program, that were not included in the mineral resource
estimate, have been completed and the results for these holes will be
announced once all of the assay data has been received and analyzed.
About Cornerstone
Cornerstone Capital Resources Inc. is a mineral exploration company
based in Mount Pearl, Newfoundland & Labrador, Canada, with a
diversified portfolio of projects in Canada and Ecuador 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.
Cautionary Notice:
Certain statements contained in this press release may be considered as
forward-looking. Such forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially
from estimated or implied results. 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.
On Behalf of the Board,
Colin B. McKenzie
President & 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.
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Copyright (c) 2009 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 Fri Aug 21, 2009 at 5:15:00 AM Pacific Time
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