Cornerstone Capital Resources Inc. announced that channel sampling at the Alpala Prospect within the Cascabel Project in Ecuador has returned highly encouraging gold and copper assays and confirmed the presence of a significant gold-copper porphyry system. The 5,000 hectare Cascabel Project is optioned to SolGold Plc, which is earning a 65% initial interest in the Project by spending $7.8 million over 4 years. SolGold is directing the exploration program and Cornerstone is implementing the program.

Channel sampling was undertaken across an outcropping window of the gold-copper porphyry system which is exposed along Alpala Creek. The mineralized dacite porphyry intrusive exhibits stockwork and sheeted quartz veins containing copper sulphides comprising chalcopyrite, bornite and chalcocite. The outcropping zone is covered by scree and vegetation at both ends and so mineralization is open; 45.63 m at 0.81 g/t gold and 0.59% copper in channel TR46.

Last 2 m sample at northern end contains 0.15 g/t gold and 0.4% copper, Last 2 m sample at southern end contains 0.53 g/t gold and 0.48% copper, Peak 1 m interval returned a gold assay of 6.89 g/t, and a copper assay of 1.7%. Average grade of 0.66 g/t gold and 0.56% copper with the peak intersection removed - this underscores the potential for a bulk mineralized porphyry system. A nearby channel (TR49) also returned 22 m at 0.16 g/t gold and 0.3% copper, and another (TR47) returned 5.48 m at 0.75 g/t gold.

The initial phase of follow-up soil sampling has been completed with total coverage of approximately 20 km2. Targeted areas have now been sampled on a 100 m x 100 m grid.