Tuesday, August 16, 2011

Cornerstone and Intrepid Report Final Results for Phase 1 Diamond Drilling at the Gama Prospect in Ecuador


Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) and Intrepid Mines Limited (ASX-IAU)(TSX-IAU) today announced that they have completed and received all assay results for the Phase 1 diamond drilling program on the Gama prospect, located in the northwestern part of the Shyri property in southern Ecuador. Eleven (11) holes totaling 3,153 metres were drilled between March 6th and July 17th. Drill progress proved relatively slow owing to the rugged topography and wet conditions encountered during the annual rainy season. Assay results for holes GAD-11-001 to GAD-11-005 were released on May 31, 2011, which highlighted a gold-enriched porphyry intersection grading 0.71 g/t Au over 45 metres in hole GAD-11-002. A summary of assay results for the remaining six holes of the program, holes GAD-11-006 to GAD-11-011 inclusive, is provided below in Table 1.


Notes:You can find the rug yarn and the burlap back from most fabric store. Make a point to shop round for great deals and the perfect colors to use in your home. Small rugs only call for one yard of material. For bigger ones you must measure the space you need it to cover and sew together one large strip of yards together.**Commuter Series and Impact Series cases NOT protected against water. Will provide some added protection against bump and shock.Built upon fundamentals of hard work, innovation and perseverance, OtterBox is a leader in the production of premier protective solutions for global handheld manufacturers, wireless carriers and distributors.Contact: Kristin Golliher (970) 372-6232 kristin.golliher@otterbox.com©2011 Otter Products, LLC. All rights reserved. OtterBox and all OtterBox logos, trademarks and symbols are the property of Otter Products, LLC. All other logos, trademarks and symbols are the property of their respective owners."The Phase 1 scout drilling program at Gama has confirmed the large size of this porphyry - epithermal system, and two holes have encountered broad zones of gold mineralization within the porphyry" said Brooke Macdonald, Cornerstone's President. "The information generated from this initial drill program will allow us to adjust and refine our target models, and we look forward to planning the next work phase along with our partner Intrepid".


Table 1: Summary of Gama Drill Results, Holes GAD-11-006 to GAD-11-011, Phase 1 Program

As previously announced on March 8th, 2011, Cornerstone and Intrepid approved an 11 hole, 2,900 metre diamond drilling program designed to test various targets defined on the basis of surface geochemistry (rock and soil samples), detailed geology, magnetics and 3-D interpretation of Induced Polarization (IP) geophysical data. The program is targeting both HS epithermal gold-silver and porphyry copper-molybdenum-gold mineralization over an area measuring approximately 3 km north-south by 2 km east-west. None of the Gama targets have been drill-tested previously.




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