=======================================================================
Re: News - Friday, September 18, 2015
15-21 - Cornerstone announces termination of Macara Project
(Ecuador) Strategic Alliance Agreement
=======================================================================
Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc.
("Cornerstone" or "the Company") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF)
announces that it has received a letter from Newmont Ventures Limited,
a subsidiary of Newmont Mining Corporation ("Newmont") (NYSE:NEM),
terminating the Strategic Alliance and Venture Agreement between them
dated February 11, 2008 concerning the Macara project in southern
Ecuador.
Due to the inability of the Company to acquire additional prospects in
the area of interest of the Macara Strategic Alliance because the
Ecuadorean government is not yet accepting applications for mineral
rights there, earlier this year Newmont and Cornerstone decided to
relinquish the Bella Vista property, which was the only surviving
property in the Strategic Alliance since the 2008 Mining Mandate
(moratorium).
Cornerstone completed $1,000,000 of reconnaissance exploration within
the 2500 km2 area of influence from 2007 to 2009. Regional prospecting
and sampling (more than 3000 samples) defined 16 prospective
gold-copper targets to be followed up once mineral properties are made
available by the Ministry of Mining.
Other News (Miocene Project, Chile)
On May 19, 2015, the Company reported that during 2014 it sought a
judicial declaration of its better right to disputed mineral rights
over 300 hectares of highly prospective ground strategically located
adjacent to its Miocene project in Chile along a well defined
epithermal mineralization trend, that it had obtained a decision
confirming its rights, but that the trial judge's decision had been
appealed by an interested third party. The Company has lost the appeal,
and abandoned its claim to the mineral rights over the 300 hectares
that were in dispute. The Company still retains priority rights over
approximately 10,200 hectares of highly prospective ground at the
Miocene Project.
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 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 partnerships. Commitments from partners constitute
significant validation of the strength of Cornerstone's projects.
Further information is available on Cornerstone's website:
www.cornerstoneresources.com and on Twitter. For investor, corporate or
media inquiries, please contact:
Investor Relations:
Email: ir@cornerstoneresources.ca
North America toll-free: 1 (877) 277-8377
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 ir@cornerstoneresources.ca;
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.
=======================================================================
This message is personalized to you at .com.
Please do not forward this email.
Sent by Cornerstone Capital Resources Inc
26 Kyle Avenue, Mount Pearl, Newfoundland and Labrador, Canada A1N 4R5
Sent using QwikBroadcast(tm) system from Adnet Communications
#401 - 510 West Hastings St, Vancouver BC V6B 1L8, Canada
Report abuse: abuse@adnetinc.com
To unsubscribe, visit:
www.qwikbroadcast.com/optout/7FD40C5E-5E06-4E6F-B9B5-7127AA30B6F8
=======================================================================
.
|
VanEck Vectors Global Alternative Energy ETF
|
|
EN DÉVELOPPEMENT |
CODE : CGP.V |
ISIN : CA21922J2083 |
CUSIP : 21922J208 |
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Cornerstone est une société d’exploration minière basée au Canada. Cornerstone est en développement de projets d'uranium au Canada, et détient divers projets d'exploration au Canada, au Chili et en Equateur. Son principal projet en développement est AILLIK au Canada et ses principaux projets en exploration sont 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 et INDIAN ARM au Canada, MACARA, BELLA MARIA, MONTERREY et SIERRAMIN en Equateur et LA FORTUNA CHILE au Chili. Cornerstone est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 185,0 millions (147,9 millions US$, 139,4 millions €). La valeur de son action a atteint son plus bas niveau récent le 04 mars 2016 à 0,02 , et son plus haut niveau récent le 18 septembre 2020 à 6,53 . Cornerstone possède 47 442 200 actions en circulation. |