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OTTAWA, Ontario, Dec 10, 2018 (GLOBE NEWSWIRE via COMTEX) — OTTAWA, Ontario, Dec. 10, 2018 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (CGP) (frankfurt:GWN) (berlin:GWN) CTNXF, -0.98% is admiring to advertise that Cornerstone and its accessory Minera Cornerstone Chile Ltda. accept active an advantage and farm-in acceding (the “Agreement”) with Newcrest International Pty Limited (“Newcrest”), a accessory of Newcrest Mining Limited (asx:NCM) for Cornerstone’s Miocene backdrop in Chile (the “Project”), targeting epithermal gold-silver and porphyry gold-copper deposits forth the interpreted arctic addendum of the Maricunga magmatic belt which hosts several world-class gold deposits.



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HIGHLIGHTS (all $ are US$):

? Newcrest has the advantage to acquire up to a 75% absorption in the Activity in stages, as follows:



? If Newcrest earns a 75% interest, Cornerstone will accept the advantage for 90 canicule to catechumen 5% (1/5 [th] ) of its 25% activity disinterestedness into a 1% net smelter allotment (NSR) royalty. Newcrest will accept the appropriate to buy bottomward the ability to 0.5% NSR at fair bazaar amount afterwards commitment of the BFS.



? Cornerstone’s agitated absorption ends at the end of Stage 3 or eventually if Newcrest fails to complete any Stage afterwards commutual Stage 1 or if Newcrest elects not to advance with Stage 2 or 3, afterward which Cornerstone will be appropriate to accord or ache concoction of its accommodating absorption according to a formula. If Newcrest completes Stage 1 and elects not to advance to Stage 2, it will backslide to a 49% non-controlling interest.

? Cornerstone’s agitated absorption is not repayable out of activity banknote flows or otherwise.

? Newcrest will accept a 10% administration fee (out of its own allotment beneath the Agreement) during the 18-month antecedent advantage aeon and a 5% fee during Stages 1, 2 and 3.

President and CEO Brooke Macdonald said: “Newcrest is one of the better gold mining companies in the world, operating mines in Australia, Papua New Guinea, and Indonesia, and we are admiring to accept entered into this acceding with them. Newcrest is additionally actively exploring in Ecuador, area Cornerstone has a aboriginal mover advantage as a anticipation architect in Ecuador back 2005, and several drill-ready backdrop accessible for option.”

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Figures referred to in this account absolution can be apparent in PDF architecture by accessing the adaptation of this absolution on the Company’s website (www.cornerstoneresources.com) or by beat on the articulation below:

http://www.cornerstoneresources.com/i/pdf/NR18-31Figures.pdf

About Miocene

The Miocene activity is amid in the Regions of Atacama and Antofagasta of arctic Chile (see Figure 1), and is targeting epithermal gold-silver and porphyry gold-copper deposits forth the interpreted arctic addendum of the Maricunga magmatic belt which hosts several world-class gold deposits. The Miocene claims were called application a proprietary abstracts abject accountant alone to Cornerstone, and action accomplished abeyant for discovery. Significant epithermal mineralization has been apparent on adjoining backdrop forth bang to the west of the Miocene property.

Exploration assignment to date has consisted abundantly of geochemistry assignment (both clay and bedrock sample work), arena geophysics, prospecting and geological mapping to adapt the acreage for its aboriginal assignment program. Chile consistently ranks amid the world’s top mining jurisdictions.

Five -to-be areas authentic by cartography (alteration minerals), geochemistry (gold and adviser elements) and arena magnetics accept been articular by antecedent analysis assignment aural the acreage limits.

Geology works shows two sub-parallel NW-SE aggressive about-face / aberrant bounded trends affecting the agitable units. About-face minerals (native sulphur, alunite, vuggy and massive silica and some silica-clay in the borderline parts) and 3D administration patterns forth this trend are archetypal of aerial sulphidation epithermal systems. Altered and geochemically aberrant areas up to 9km by 3km in admeasurement accept never been trenched nor assignment tested.

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About Cornerstone:

Cornerstone Capital Resources Inc. is a mineral analysis aggregation with a adapted portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched chestnut porphyry collective adventure in arctic west Ecuador, in which the Aggregation has a 15% absorption [1] financed through to achievement of a achievability abstraction and repayable out of Cornerstone’s allotment of activity balance or dividends, additional 9.22% of the shares of collective adventure accomplice and activity abettor SolGold Plc, for a absolute absolute and aberrant absorption in Cascabel of about 23%.

Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone’s Vice President, Analysis and a able being in accordance with Civic Instrument 43-101, is amenable for authoritative the analysis affairs at the Miocene activity for Cornerstone and has advised and accustomed the advice independent in this account release.

Further advice is accessible on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, accumulated or media inquiries, amuse contact:

Investor Relations: Mario Drolet (Montreal); Email: [email protected]; Tel. (514) 346-3813

Corporate Matters: Sabino Di Paola, CFO (Ottawa); Email: [email protected]; Tel. (343) 689-0714

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Due to anti-spam laws, abounding shareholders and others who were ahead active up to accept email updates and who are no best accepting them may charge to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice: This account absolution may accommodate ‘Forward-Looking Statements’ that absorb 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 agnate expressions are advised to be amid the statements that analyze ‘Forward-Looking Statements.’ Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may absorb alien risks, uncertainties and added factors appear in our authoritative filings, beheld on the SEDAR website at www.sedar.com. For us, uncertainties appear from the behaviour of banking and metals markets, admiration accustomed geological phenomena and from abundant added affairs of national, regional, and all-around scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or authoritative nature. These uncertainties may account our absolute approaching after-effects to be materially altered than those bidding in our Forward-Looking Statements. Although Cornerstone believes the facts and advice independent in this account absolution to be as actual and accepted as possible, Cornerstone does not accreditation or accomplish any representation as to the accuracy, authority or abyss of any facts or advice independent herein and these statements should not be relied aloft as apery its angle afterwards the date of this account release. While Cornerstone anticipates that consecutive contest may account its angle to change, it especially disclaims any obligation to amend the Forward-Looking Statements independent herein except area outcomes accept assorted materially from the aboriginal statements.

On Behalf of the Board, Brooke Macdonald President and CEO

Neither TSX Adventure Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Adventure Exchange) accepts albatross for the capability or accurateness of this release.

_________________________

[1] Subject to JV accomplice SolGold acceptable assertive conditions.

(C) Copyright 2018 GlobeNewswire, Inc. All rights reserved.

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Last Updated: December 11th, 2018 by admin
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