Cornerstone and Altius to explore in the Labrador Trough

Cornerstone Capital Resources Inc. and Altius Resources Inc. have signed a 50-50 joint venture agreement to explore primarily for Sediment-hosted Stratiform Copper (SSC) deposits in the Labrador Trough of western Labrador and southeastern Quebec.

The joint venture company has plans to cover 51 mineral exploration licences totalling 1032 km2 in the province of Newfoundland and Labrador.

Under the agreement, both companies contribute their respective mineral land holdings and have conjointly staked additional claims. Both companies will contribute equally to fund exploration programs.

Primary exploration targets are Sediment-hosted Stratiform Copper (SSC) deposits analogous to those found in the prolific Zambian Copperbelt.

First year program includes an airborne magnetics and radiometrics survey and a two month field program. Cornerstone is the project operator.

The property covers a 100 km strike length of favourable stratigraphy considered highly prospective for hosting SSC-type deposits.

The Labrador Trough (or New Quebec Orogen) represents a 1600 km long by 160 km wide linear fold belt that comprises predominantly meta-sedimentary and volcanic rocks originally deposited in an Early to Middle Proterozoic continental-rift environment, the ideal geological setting for SSC-type deposits.

The Labrador Trough represents one of the least explored SSC opportunities within this type of environment in the world today. Numerous copper occurrences throughout the property support the geological model for SSC-type deposits and indicate the potential for discovery of new mineralization is high.