Cornerstone’s properties are focused in copper-rich districts in North America – in an Arizona-New Mexico cluster in the south-western part of the United States.
West Jerome, Arizona
The West Jerome property consists of approximately five square kilometers of claims on the west side of Freeport McMoran patented lands. The property - a Volcanogenic Sulfide camp - is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde Mine (33 million tons of 4.36% Cu, 1.53 opt Ag and 0.042 opt Au; 2.9 Billion lbs of copper). The Company may not obtain similar results from its West Jerome property.
The West Jerome Property has excellent geological and geophysical support for a large Volcanogenic massive sulfide target. The property has two favourable stratigraphic horizons traced from the United Verde mine onto West Jerome. Both surface exposures and limited drilling have identified strong chloritic alteration typical on a VMS feeder pipe on West Jerome. Furthermore, geophysical surveys (electromagnetic) on West Jerome have identified 2 strong anomalies (red on the figure below) coincident with the favourable stratigraphic horizons and chlorite alteration (feeder pipe). The pink dots and legs on the figure below are the planned drilling to test these coincident anomalies.
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.
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.
All technical disclosure on this website has been prepared under the supervision of Paul Cowley, P.Geo., President and CEO of the Company, a qualified person consistent with NI 43-101.