Cornerstone Metals Inc. Commences Drilling at its Carlin Vanadium Project
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Cornerstone Metals Inc. Commences Drilling at its Carlin Vanadium Project
December 18, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V –
CCC) ( “Cornerstone” o r t h e “Company”) announces that it has commenced a verification
diamond drilling program on the Carlin Vanadium Project. The go al of the program is to enable
the Company to upgrade the historic resource to a current resource, as well as to provide material
to conduct metallurgical testwork on vanadium recoveries and investigate the presence and grade
of other accompanying elements such as zinc, silver and cobalt.
The 20 vertical hole HQ core program is designed to in-fill the existing 132 hole drill pattern that
currently defines the vanadium deposit, resulting in an improve d drillhole density of
approximately 45m spacing. Cornerstone reports that it has already completed three core holes.
The Carlin Vanadium Project contains one of the United States’ largest known primary deposits
of vanadium, an industrial mineral critical to industries rangi ng from steel to utility scale battery
storage technology. The Company’s analysis illustrates that the Nevada site’s vanadium deposit
features a combination of high-quality grade and unsurpassed accessibility.
“The speed in which the Company has mobilized drill contractors to site – mere days following
receipt of its permit -- is a tribute to the skills of the Corn erstone team and to the conducive
working environment in this regi on,” said Cornerstone President and Chief Executive Officer
Paul Cowley.
In additional news, the Company announces the resignation of Ja son Nickel, P.Eng. from the
board of directors. Mr. Nickel is stepping down to pursue a ful l time operational role with a
production company. The Board thanks Jason for his service to Cornerstone.
About Cornerstone Metals Inc.
Cornerstone’s objective is to advance exploration/development s tage copper, precious and
strategic minerals properties to production in the Americas. Th e Company’s Management and
Board Core Competence is in exploration, permitting, developmen t, construction, and operation
of mining projects.
The Company has an option to earn a 100% interest in the Carlin Vanadium Project, which has
one of the largest known primary vanadium deposits in the U.S.A . The Carlin Vanadium Project
is located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is
comprised of 72 contiguous unpatented mineral claims totaling 4 61 hectares (1,140 acres). The
Carlin Vanadium deposit was discovered by Union Carbide Corp. ( UCC) in the 1960’s, which
completed surface mapping, trenching and 152 rotary drill holes in 11,133m (36,525 feet) of
drilling. The average drill hole spacing was 60m (200ft) apart within the more densely drilled
areas. Drilling indicates a zone o f mineralization approximatel y 55m (180 feet) thick striking
north-south over 1,860m (6,100ft) in length and dipping 5°-30° east and west averaging 760m
(2,500ft) of down dip extent from surface. The mineralized unit is locally exposed on surface,
where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-
200 ft) below surface.
Cornerstone also owns 100% (subject to 1.5% NSR) of the West Je rome property, near Jerome,
Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic
Massive Sulfide camp, is a high-gr ade, massive sulfide target l ocated 2.4 km south of the past-
producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold).
The West Jerome property has attractive untested drill targets.
ON BEHALF OF CORNERSTONE METALS INC.
per: “Paul Cowley”
CEO & President
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-lookin g" statements. These statements relate to future events or th e Company's future
performance and include the Company’s ability to meet the conditio ns required to exercise in full its option to acquire the Car lin Vanadium
project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the a ctual 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 not necessarily be accurate indications o f whether or not
such results will be achieved. Actual results could differ materi ally from those anticipated due to a number of factors and ris ks. Although the
forward-looking statements contained in th is news release are based upon what manage ment of the Company believes are reasonable
assumptions on the date of this news release, the Company cannot as sure investors that actual results will be consistent with t hese forward-
looking statements. The forward-looking statements contained in th is press release are made as of the date hereof and the Compa ny 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.