Issue link: http://resourceworld.uberflip.com/i/1207716
F E B R U A R Y / M A R C H 2 0 2 0 www.resourceworld.com 59 COPPER projects. Carube holds a 100% interest in five licenses covering 207 km 2 of prospec- tive copper-gold terrain in Jamaica, and a 100% interest in two porphyry copper-gold properties covering 337 km 2 within the Cascade Magmatic Arc in southwest BC. Cornerstone Capital Resources Inc. [CGP-TSXV; CTNXF-OTC; GWN-Germ.] has provided an update on its Bramaderos gold and copper project in southern Ecuador which it is exploring with ASX- listed Sunstone Metals Inc. under a farm-in agreement. At the Limon Zone, assay results from drill hole LMDD004 indicate that drilling is now close to a gold-copper porphyry centre. Assays include 40 metres at 0.1 g/t gold, 0.12% copper and 19 ppm molyb- denum, from 863 metres down hole, indicating that drilling is within the outer halo of a mineralized porphyry gold-cop- per system of significant scale. At The Bramaderos Zone, drill holes BMDD004 and BMDD005 have been completed with both intersecting long intervals containing fine-grained chalco- pyrite with assays pending. BMDD005 extends mineralization 150 metres northwest of BMDD001 which intersected 172 metres at 0.52 g/t gold and 0.16% copper from surface. The strike extent of mineralization in holes BMDD001, 002 and 005 is now more than 300 metres and open in all directions. Processing of detailed ground magnetics, in conjunction with recent drilling, has further refined the interpretation of the geometry of Bramaderos Main. Cornerstone also has a 22.8% direct and indirect interest in the advanced stage Cascabel copper-gold project 180 km north of Quito, northwest Ecuador. In January 2018, the company and SolGold announced a maiden mineral resource esti- mate (MRE) for the Alpala deposit, and in November 2018, the company announced an update to the MRE as follows: 2.05 Bt at 0.60% CuEq, (8.4 Mt Cu, 19.4 M oz Au) Indicated, plus 900 Mt at 0.35% CuEq (2.5 Mt Cu, 3.8 M oz Au) Inferred, including a high-grade core of 400 Mt at 1.49% CuEq (3.6 Mt Cu, 11.9 Moz Au) Indicated plus 20 Mt at 1.05% CuEq (0.2 Mt Cu, 0.4 Moz Au) Inferred. Turquoise Hill Resources Ltd. [TRQ- TSX, NYSE, NASDAQ] has a 66% interest (34% Mongolian government) in the Oyu Tolgoi copper-gold-silver mine 550 km south of Ulaanbaatar, Mongolia. The company acknowledges and is pleased with the resolution put forward by the Parliamentary Working Group (PWG), and passed unanimously by the Parliament of Mongolia. In March 2018, the Speaker of the Mongolian Parliament appointed a Parliamentary Working Group to review the implementation of the Investment Agreement signed on October 6, 2009. The mandate was subsequently expanded to include the Amended & Restated Shareholder Agreement signed June 8, 2011, and the Oyu Tolgoi Underground Mine Development and Financing Plan, signed on May 18, 2015. The passing of the resolution includes the following measures: • "…take comprehensive measures to improve the implementation of the Investment Agreement signed on October 6, 2009…and the Amended & Restated Shareholder Agreement signed June 8, 2011" • "…improve Oyu Tolgoi Underground Mine Development and Financing Plan…" • "Explore and resolve options to have a product sharing arrangement or swap Mongolia's equity holding of 34% for a special royalty..." In 2018, on a 100% basis, the mine pro- duced 159,100 tonnes copper, 285,000 oz gold and 914,000 oz silver. With the cur- rent development schedule, Turquoise Hill expects that Oyu Tolgoi will be the world's third-largest copper producer at peak metal production in 2025. Turquoise Hill expects average produc- tion from 2025 to 2030 to be more than 550,000 tonnes of copper and over 450,000 oz gold per year, all from the Oyut open pit and the Hugo North Lift One underground operation. n