Now we have some volume coming into this stock and news flow looks promising for the Summer accumulation.
"We have the weekly chart of Canadian Venture Sector. It is not only junior mining companies, but it provides a very good picture of the Risk players in the Canadian market. We have a very promising development here. Index has bounced from the MA50 support trend line and we have a strong reversal candle. Once the US Dollar confirms reversal from recent rally and Gold will move up - junior miners will follow with fireworks from the recent oversold positions."
"Cornerstone Capital Resources had a very impressive run earlier this year after Ecuador was opened for business. Company came back after the crises and moved forward with its impressive portfolio. We like the project generation type of companies like TNR Gold, Almaden Minerals and Cornerstone Resources. Almaden has already enjoyed the very respectable run, TNR Gold and Cornerstone are coming out of the recent consolidation patterns. Summer is the best time to build up your own collection of Juniors."
May 31, 2011
Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) and Intrepid Mines Limited (ASX-IAU)(TSX-IAU) today announced that they have completed the first 6 holes of the 11-hole (2,900 metres) Phase 1 diamond drilling program on the Gama prospect, located in the northwestern part of the Shyri property in southern Ecuador. Drilling commenced on March 6th, 2011 and is ongoing. A summary of assay results for holes GAD-11-001 to GAD-11-005, all containing mineralization, is provided below in Table 1.
Hole GAD-11-002 intersected 45 metres at 0.71 g/t gold and 0.18% copper within a broader zone of 101 metres at 0.41 g/t gold and 0.13% copper in a porphyry environment.
Drilling results to date have confirmed the porphyry -- high sulphidation epithermal deposit model developed earlier, the very large size and strong intensity of the hydrothermal alteration system present at Gama, and the widespread distribution of gold and copper within the lower, porphyry part of the system.
"The geology encountered in the first part of this scout drilling program is very encouraging," said Brooke Macdonald, Cornerstone's President. "The size, intensity and complexity of the hydrothermal systems are confirmed. Gold and copper are present over large areas and occur in multiple rock units. A significant mineralized gold-copper zone was intersected in the porphyry in hole -002, and this zone is open in all directions. We are now moving north and east into the epithermal part of the system, and are hoping to receive good results from this primary target".