Madison Avenue Research Group has published a report outlining the untapped gold mining potential in Ecuador and pulse of affairs in Ecuador for the mining sector. Also in the report is a Special Situation Review of Cornerstone Capital Resources Inc. (TSX-V: CGP) (OTC: CTNXF) offering insight and opportunity on Cornerstone%26#039;s extensive holdings of high priority targets in Ecuador and their objective to target areas with multi-million ounce gold potential.
New York, NY (PRWEB) April 11, 2007 — Madison Avenue Research Group has published a report outlining the untapped gold mining potential in Ecuador and pulse of affairs in Ecuador for the mining sector. Also in the report is a Special Situation Review of Cornerstone Capital Resources Inc. (TSX-V: CGP) (OTC: CTNXF) offering insight and opportunity on Cornerstone%26#039;s extensive holdings of high priority targets in Ecuador and their objective to target areas with multi-million ounce gold potential.
Also mentioned in the report is Lateegra Gold Corp, Aurelian Resources Inc, IAMGold. Corp, and Coastport Capital Inc.
The true potential of Cornerstone%26#039;s many projects appear to not be reflected in the current share price. Several of Cornerstone%26#039;s current projects have outstanding potential.
Excerpts from report:
1) %26quot;The true potential of Cornerstone%26#039;s many projects appear to not be reflected in the current share price. Several of Cornerstone%26#039;s current projects have outstanding potential.%26quot;
2) %26quot;Cornerstone Capital Resources Inc. started exploring in Ecuador during 2005, at which time 4 early stage gold and an advanced gold-rich VMS project was acquired. To date Cornerstone has extensive land holdings in 12 individual projects, 2 of which are currently joint-ventured to Coastport Capital Inc. Cornerstone currently has about 750 Sq Km in concessions in Ecuador right now.%26quot;
3) %26quot;The objective of the Shyri exploration effort is to target areas with multi-million ounce gold potential %26#8230; The program will test a target that bears a lot of similarity to one that they are immediately adjacent to called Quimsacocha, owned by IAMGold. On Cornerstone%26#039;s Gama project a big alteration footprint has been identified and it is being prepared for drilling; the geophysics, prospecting, sampling, mapping, and necessary groundwork are near completion and they are now building the drill model/program. Not only do they have an alteration system similar to Quimsacocha but one discrete anomaly is about 4 km long by about 1 km wide and it has very distinct and significantly elevated geochemical pathfinder elements including elevated gold and silver.%26quot;
An abridged version of the report may be viewed free of charge at: http://madisonaveresearch.com/ecuadorgold.htm .
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Reports herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned.
Tags: rpt, share price, target