Expanding Silver-Gold Discovery In Ecuador
Cornerstone Capital Resources Inc.(TSXV-CGP) hasprovided an update on its Bramaderos gold and copper joint venture in southern Ecuador in which it has a 12.5% interest carried by JV partner and project operator Sunstone Metals Inc. through to the start of commercial production.
HIGHLIGHTS:
- Drilling at Espiritu has intersected more high-grade silver with gold, zinc and lead within a polymetallic epithermal system.
- Drill hole ESDD006 intersected five significant lodes of silver-gold-zinc-lead mineralization, including:
- 102.25m to 106m; 3.75m at 11.77g/t silver, 1.54g/t gold
- 172.75m to 173.15m; 0.4m at 355g/t silver, 0.36g/t gold, 3.55% zinc
- 206.15m to 206.65m; 0.5m at 187g/t silver, 1.44g/t gold
- 277.5m to 278.0m; 0.5m at 550g/t silver, 0.26g/t gold
- 313.0m to 313.5m; 0.5 at 93g/t silver, 0.68g/t gold, 2.45% zinc
- Hole ESDD008 was just completed at 359.97m, intersecting altered and silver-lead-zinc bearing zones, adding significant scale to the system with a strike extent now of over 200m. Hole ESD009 commenced.
- A significantly larger system at Espiritu is emerging based on mapping, soil sampling, interpretation of geophysics, and ongoing drilling. Narrow high-grade zones and intervening lower grade zones can be bulked and outline larger mineralized bodies.
- Drilling on the Brama gold-copper porphyry target is expected to commence the first week of February. The drill hole is targeting a magnetic anomaly below a mineralisedbreccia interpreted to represent a ‘pencil porphyry’ gold-copper target.
“We are very encouraged by the results coming from Espiritu,” Vice President of Exploration, Yvan Crepeau, said.
“The key take-aways here are that the system has the potential to deliver bonanza grades, it is likely to have significant scale based on the surface sampling, the vein orientations may be complex but with each drill hole a more robust model is being developed, and with on-going drilling Espiritu could present an early development opportunity while the search for large porphyry gold-copper systems continues at Brama, Limon and other targets.
“Ongoing mapping and soil sampling are defining a large system potentially up to 1.2km x 800m and genetically related to the Brama porphyry system. This geological scenario is not surprising and significant examples can be found throughout Central and South America.
“Ongoing exploration is defining drill targets within this area and focusing on potential bonanza grade structural intersections, together with broader lower grade composite intervals with the potential for larger near-surface mineralised bodies.”
