Date: Aug 16, 2018
Cornerstone Metals Inc. (CCC) (otcqb:CCCCF) (1PY) (“Cornerstone” or the “Company”) is pleased to announce that the Phase 2 drilling program is now underway at its Carlin Vanadium Project, 6 miles south of Carlin, Nevada. The Company plans a minimum of 40 Reverse Circulation drill holes with the objective to in-fill and expand the size of the vanadium deposit. With these 40 holes, together with the Company’s Phase 1 drill program and the drilling previously done by Union Carbide, the deposit will be defined by 187 drill holes. The drilling is expected to continue into September.
Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, 0-60m (0-200 ft) below surface. The Carlin Vanadium deposit is considered one of the largest, highest grade primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).
Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector
