Cornerstone Metals Provides Update on its Drilling at Carlin Vanadium Project
Cornerstone Metals Provides Update on its Drilling at Carlin Vanadium Project
September 19, 2018 ‐ Vancouver, British Columbia – Cornerstone Metals Inc. (TSX‐V: CCC) (OTCQX: CCCCF)
(FSE: 1PY) (“Cornerstone” o r t h e “Company”) is pleased to provide an update on drilling o n i t s C a r l i n
Vanadium Project, located south of Carlin, Nevada.
The Phase 2 Reverse Circulation drilling program on the Carlin Vanadium Project is ongoing with a total of 33
drill holes completed to date. Two drill rigs are currently tur ning on the property and plans are to complete
approximately 60 holes before the end of September. The objectives of this drill program are to infill and
expand the deposit. Assay results are pending due to the genera l uptick in exploration activities resulting in
an increased volume to laboratories. Initial results are expected to be out shortly.
The Carlin Vanadium deposit is considered one of the largest, highest grade primary vanadium deposits in
North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic
and Environmental Geology and Prospects for Future Supply dated December 18, 2017).
Vanadium prices for 98% flake V2O5 have steadily risen from und er US$3.00/lb less than 3 years ago. This
week prices reached US$19.30/lb reflecting the higher demand for vanadium over its supply, globally.
Vanadium is growing in importanc e for key industrial manufactur ing sectors most notably steel and
renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing
applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of
vanadium production used in energy storage where its substantia l cost and performance benefits make it an
alternative choice to lithium ion in several areas.
About Cornerstone Metals Inc.
Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko
County 22 km by road (13 miles) from the town of Carlin, Nevada . The project is comprised of 72 contiguous
unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin
Vanadium Deposit which is flat to shallow dipping and at shallo w depths, 0‐60 m (0‐200 ft) below surface.
ON BEHALF OF CORNERSTONE METALS INC.
per: "Paul Cowley"
CEO & President
(604) 340‐7711
www.cornerstonemetals.ca
Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified
Person as defined by National Instrument 43‐101, and President and CEO of the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward‐looking information
Certain statements in this news release constitute "forward‐loo king" statements. These statements relate to
future events or the Company's f uture performance and include t he Company’s ability to meet the conditions
required to exercise in full its option to acquire the Carlin V anadium project and with respect to current and
planned drill programs, the results of exploration programs, me tallurgical test work, and changes in mineral
resources. All such statements involve substantial known and un known risks, uncertainties and other factors
which may cause the actual results to vary from those expressed or implied by such forward‐looking
statements. Forward‐looking statements involve significant risks and uncertainties, they should not be read
as guarantees of future performance or results, and they will n ot necessarily be accurate indications of
whether or not such results will be achieved. Actual results co uld differ materially from those anticipated due
to a number of factors and risks. Although the forward‐looking statements contained in this news release are
based upon what management of the Company believes are reasonab le assumptions on the date of this news
release, the Company cannot assure investors that actual results will be consistent with these forward‐looking
statements. The forward‐looking statements contained in this pr ess release are made as of the date hereof
and the Company disclaims any intention or obligation to update or revise any forward‐looking statements
whether as a result of new information, future events or otherwise, except as required under applicable
securities regulations.