Business
Cornerstone Metals Provides Update on its Carlin Vanadium Project
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2018) - Cornerstone Metals Inc. (TS...
About this update from Phenom Resources Corp
[{"type":"text","content":"Cornerstone Metals Provides Update on its Carlin Vanadium ProjectVancouver, British Columbia--(Newsfile Corp. - July 10, 2018) - Cornerstone Metals Inc. (TSXV: CCC) (OTCQB: CCCCF) (FSE: 1PY) (\"Cornerstone\" or the \"Company\") is pleased to provide a project update on drilling plans, preliminary engineering, metallurgy and environmental studies on its Carlin Vanadium Project, south of Carlin, Nevada.The Company has secured a drill contractor to conduct an infill and deposit expansion reverse circulation (RC) drill program under its current BLM permit. The program will commence in the first week of August and consist of approximately 40-50 shallow vertical and angled RC drill holes. Of those, three holes will twin historic holes to provide additional comparisons for grades. Fifteen holes will be conducted to infill parts of the deposit to tight 40 metre centres. In addition, 22-32 holes will be drilled selectively on edges of the deposit with the objective of expanding the size of the deposit. Upon completion of the drill program, a resource estimate will be prepared, based on all historic and Cornerstone drilling on the property. Company CEO, Paul Cowley, P.Geo., conducted a site visit in the first week of July with the Company construction advisor and the Company's senior mining advisor and director to identify and rank multiple options for the plant, waste rock and tailings facilities sites on the property, and to review infrastructure, including road, rail and power access. The site location and surrounding and onsite infrastructure are strong aspects of the project. The property has access from both the south and north; each route within three and five miles from paved highway. The town of Carlin, where rail is located, is 6 and 13 miles away via these two routes. Rail allows access for concentrates to markets in the US, Canada and internationally via ocean transport. There are two high voltage power lines within a 5 to 15 mile radius of the site. Two of the potential plant site locations inspected have bedrock near to surface, which will minimize the concrete required for foundations. There are locations on site for potential tailings and waste rock including the designed open pits, which would be located in a line that potentially could be backfilled with waste rock or tailings progressively should mining occur.The deposi...