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Cornerstone Metals Inc.
Summary
| Project: | Carlin Vandium | |
|---|---|---|
| Deposit: | Carlin Vandium | |
| Location: | United States | |
| Commodities: | Vanadium-Zinc-Silver | |
| Date: | 2/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2018: Cornerstone Metals Inc. announces an Exploration/Drilling Update report for its Carlin Vandium deposit at the Carlin Vandium project. Drilling results incl. 25.33m @ 1.07% V2O5, 0.33% Zn, 7.6g/t Ag. February 28, 2018 - Vancouver, British Columb | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Cowley (Internal) | |
| ABSTRACT: | February 28, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX‐V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the results of the first 8 holes of the 20 hole confirmation diamond drilling program on its Carlin Vanadium Project, Nevada. The new holes support the neighbouring historic holes with zone continuity in width and grade where expected, demonstrating an extensive near surface horizontal high grade mineralized vanadium zone. Five of eight new holes returned much higher vanadium grades compared to their neighbouring historic holes. The drilling also provides new silver and zinc values not previously documented. “We are very pleased with the initial drill results as they demonstrate consistency of the widespread high grade vanadium zone with good thickness and grade”, said Cornerstone President and Chief Executive Officer Paul Cowley. “These holes are a great step in confirming the deposit. It’s not surprising that the systematic historic Union Carbide drilling provides a solid and reliable base to work from. And adding to this, all of the new holes within the limits of the historic resource returned higher grades than their neighbouring historic holes.” The Carlin Vanadium Project contains one of North America’s largest, richest known primary deposits of vanadium with unsurpassed accessibility. The deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, based on a 0.3% V2O5 cut-off grade and defined by 127 holes completed by Union Carbide in the late 1960s | |
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