Press Release Source: Cornerstone Capital Resources Inc.
Cornerstone Reports Discovery of a New Massive Sulphide Zone at Guatuza and High Grade Assays of 11.1 G/T Gold, 77.9 G/T Silver, 23.4% Zinc and 1.02% Copper Over 6.7 M from Drill Hole LP-06-02
Thursday June 22, 12:54 pm ET
MOUNT PEARL, NEWFOUNDLAND & LABRADOR--(CCNMatthews - June 22, 2006) - Cornerstone Capital Resources Inc. (TSX VENTURE:CGP - News; FWB:GWN) (BERLIN:GWN - News) reports Phase I drilling at the La Plata poly-metallic massive sulphide project is complete and that high-grade assays from drill hole LP-06-02 and final assays from hole LP-06-01, previously reported as preliminary have been received. The drill program consisted of 2,512 m BTW (4.20 cm) core drilling in 8 drill holes. Holes LP-06-01 to LP-06-03 were drilled to test the south-southwest extension of the La Mina deposit. Hole LP-06-03 failed to intersect massive sulphides.
LP-06-02 intersected 6.70 m of massive sulphides at a vertical depth of 327 m. Based on core 40degrees core--axis-bedding angles this intersection is estimated to be 4.4 m true width. The massive sulphides averaged 11.1 g/t Au, 77.9 g/t Ag, 23.44% Zn, 1.02% Cu and 3.19% Pb over 6.7 m core length.
LP-06-01 intersected 8.9 m of massive sulphide averaging 31.61 g/t Au, 289.39 g/t Ag, 18.16% Zn, 5.86% Cu and 1.61% Pb over 8.90 m core length including 5.2 m averaging 51.11 g/t Au, 243.47 g/t Ag, 17.58% Zn, 4.88% Cu and 1.77% Pb.
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