Value Proposition – The Company will find undervalued mining projects that can be explored and then advanced to development and production. The core competence of the management includes advanced stage exploration, permitting, stakeholder agreements, development and construction and operations of underground and open pit mines.
Lone Mountain, New Mexico
The 1530 acre (629 ha.) Lone Mountain property in the Chino-Tyrone Copper District covers a near surface copper oxide deposit underlain by a deeper porphyry copper-skarn deposit. The property lies proximal to and between Freeport McMoRan’s two open pits (Chino and Tyrone) – both with SX- EW plants. * Lone Mountain had a Level 4 exploration permit, which allowed for up to 176 drill sites with 3 holes per site, which could be re-applied for at the appropriate time.
Historical drilling by past explorers largely targeted the sub vertically oriented copper oxide deposit with vertical holes, however, the shift to angled drilling in 2011 resulted in improvements in grade and size of the deposit. Cornerstone will use angled RC drilling with an aim to quickly justify a sizeable new copper oxide resource.
West Jerome, Arizona
The 2579 acre (1020 ha.) West Jerome property lies 2.4 km south of the past producing United Verde Mine, a VMS deposit that produced 33 MT @ 4.36% Cu or 2.9 billion lbs. of copper. * Both geological and geophysical indications on West Jerome support the potential of a large buried VMS body. A modest drill program can test that hypothesis. West Jerome was optioned to Lowell Copper Ltd. in February 2015 to advance the project to drill stage. Lowell Copper conducted 2 gravity surveys by Zonge International Inc. (“Zonge”) over the Project, which generated two anomalies, one being open-ended. Zonge recommended further work to better define the open-ended anomaly, however due to market conditions and other priorities, Lowell Copper has preferred not to proceed further with the Project. As a result, Cornerstone retains a 100% interest in the Project, now supported by gravity anomalies.
* The Company may not obtain similar results from its own properties.
This website includes certain "forward-looking statements" such as estimates and statements that describe Cornerstone Metal Inc.’s property, future plans, objectives or goals. All statements in this website, other than statements of historical facts, that address future production, resource potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or developments to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, market prices, environmental conditions, judicial, regulatory and political developments, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions.