Second rig for Bramaderos on gold-copper promise

By Staff reporter / August 21, 2019 / www.mining-journal.com / Article Link

Terramin leads gold-copper revival in South Australia

SPONSORED

terramin australia

Terramin leads gold-copper revival in South Australiasponsored-logo

New mineral sands miner polishes its Image

SPONSORED

image resources

New mineral sands miner polishes its Imagesponsored-logo

Australian Vanadium targets growing energy-storage and steel markets

SPONSORED

australian vanadium

Australian Vanadium targets growing energy-storage and steel marketssponsored-logo

Thickened tailings deposition for closure

SPONSORED

srk consulting

Thickened tailings deposition for closurepartner-logo

The results from the first hole and top 200m of the second have identified zones of higher-grade gold and copper within a large, lower-grade porphyry gold-copper system, Cornerstone said.

A highlight included 96.6m at 0.61g/t gold, 0.18% Cu and 2.08g/t silver from 39.3m in the first hole.

Terramin leads gold-copper revival in South Australia

SPONSORED

terramin australia

Terramin leads gold-copper revival in South Australiasponsored-logo

New mineral sands miner polishes its Image

SPONSORED

image resources

New mineral sands miner polishes its Imagesponsored-logo

Australian Vanadium targets growing energy-storage and steel markets

SPONSORED

australian vanadium

Australian Vanadium targets growing energy-storage and steel marketssponsored-logo

Thickened tailings deposition for closure

SPONSORED

srk consulting

Thickened tailings deposition for closurepartner-logo

"We've only drilled two holes, but we can already see clear opportunity for a sizeable gold-copper system extending from surface outcrop to at least 300m below surface, and with opportunity to extend laterally by in excess of 500m," exploration vice president Yvan Crepeau said.

Drilling at the Limon prospect earlier this year had intersected wide porphyry mineralisation. 

Sunstone Metals (ASX: STM) is earning into Bramaderos and can earn an initial 51% of the project by spending US$3.4 million over three years on a phase one drill programme, under a deal struck in mid-2017.

Sunstone said yesterday it was well-funded to accelerate drilling at Bramaderos, with a fully underwritten options exercise this month set to deliver A$4.6 million (US$3.1 million).

Cornerstone has other exploration assets in Ecuador including a 15% stake in the Cascabel gold-copper project, majority owned by SolGold.

Shares in Cornerstone and Sunstone are down 43.3% and 4.2% respectively year-to-date and the companies are capitalised at C$108.8 million (US$81.7 million) and A$28.2 million (US$19 million).

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok