Cornerstone Announces Receipt of Environmental License for the Bella Maria Project, Ecuador
June 04 2012 - 8:00AM
Marketwired
Cornerstone Capital Resources Inc. ("Cornerstone") (TSX
VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) today
announced that the Ministry of Environment of Ecuador has granted
the Environmental License for Cornerstone's Bella Maria porphyry
gold-copper project located in El Oro province in southern Ecuador.
The license is valid for the 4-year initial exploration phase
(prior to drilling) of the 1,401 hectare concession. Authorization
to resume activities by the Ministry of Non-Renewable Natural
Resources and results of exploration work were previously announced
on May 11, 2012. Although at an early stage, initial results
indicate that the property has excellent potential for hosting
significant gold and copper mineralization. Cornerstone is seeking
potential partners to aggressively explore this property in the
coming months.
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 Canada, 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 joint venture
partnerships. Commitments from JV partners constitute significant
validation of the strength of Cornerstone's projects.
The link to a recent Corporate presentation is:
http://www.cornerstoneresources.com/i/pdf/Presentations_0412_CRICorporate.pdf
Investors can also access Cornerstone on Twitter
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
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.
Contacts: Cornerstone Capital Resources Inc. Investor Relations
Martti Kangas 1 (416) 367-5124 Cornerstone Capital Resources Inc.
Investor Relations Paul Benwell/Pat Kairns 1 (514) 904-1333
Cornerstone Capital Resources Inc. North America 1 (877)
277-8377communications@crigold.com www.cornerstoneresources.com