Golkor Inc (GKOR)

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I was going through some of the post and some things don't add up about some of the info in some post about Ken's history so maybe this will help.Cornerstone Capital Resources Inc.

COMPANY DATA | INTRODUCTION | PROPERTIES IN HAND | MANAGEMENT | NEWS UPDATE
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Address: 109 Clyde Avenue, Suite 201-10
Mount Pearl, Newfoundland
A1N 4R9
Tel No.: [phone]
Fax No.: [phone]
Toll Free No.: 1-877-277-8377
Web Site: www.ccriglobal.com www.crigold.com
Corporate Email: [e-mail] [e-mail]
Contact Person: Glen McKay
Position: Executive Vice President

COMPANY DATA

Traded Market: TSX
Traded Symbol: CTP¡@
Outstanding Shares: 22,137,364¡@
Public Float: 8,197,000¡@
52 Week High: $ 0.90¡@
52 Week Low: $ 0.23¡@
Present Price: Click Here¡@

INTRODUCTION

The Corporation's history began in July 1997 when initial exploration work on a parcel of land situate between Clode Sound and Goose Bay on the island of Newfoundland was carried out by Ken Stead, who was a prospector at the time. Mr. Stead then joined forces with an associate of his, Glen McKay, and together they incorporated Cornerstone Resources Inc. (CRI) in July of 1997.

During July 1999 the management incorporated Cornerstone Capital Resources Inc. (CCRI) under the Junior Capital Pool legislation on the then Alberta stock exchange (now CDNX) (symbol CTP) and raised $300,000 from the sale of shares to 300 Alberta investors. The objectives were to use CCRI as a vehicle whereby the shareholders of CRI could have their shares listed on a stock exchange, and to raise investment capital.

On July 24, 2000 the annual general meeting of CCRI approved the take over of CRI and on August 18, 2000 the shareholders of CRI accepted the take over bid. All shareholders of CRI become shareholders of CCRI on a one for one share exchange basis after completion of a stock split in CRI.

Cornerstone Resources Inc. (CRI) is a mineral exploration company engaged in the acquisition and evaluation of various precious and basic metals, industrial minerals and rare earth elements in Newfoundland and Labrador, Canada.

PROPERTIES IN HAND

(1) South Princess Property (Iron oxide/porphyry)

South Princess Property is located 40 kilometers north of Trans Canada Highway at Clarenville, eastern Newfoundland. The Company owns 171 claims (4,275 hectares). There are 2 prospective areas which include Ken's Mountain (Fe oxide) and Holloway Cove (porphyry). Cornerstone has completed airborne magnetometer and radiometric surveying, line cutting, ground mag and VLF, gradient IP, and soil sampling. Company wants to attract a joint venture partner to diamond drill geophysical and geochemical targets.

(2) Noel Paul's Brook (VMS)

Noel Paul's Brook is located 40 kilometers southeast of Buchans - central Newfoundland. It is 15 kilometers south of Aur Resources' Duck Pond Deposit (with 5.5 million tonnes @3.3% Cu, 5.8% Zn, 0.9% Pb, 59 g/t Ag, 0.8 g/t Au) and 1 kilometer southeast of major all season road. The Company owns 179 claims (4,475 hectares). The 2002 program include compilation of recently acquired claims to northeast and southeast. The Company will send ground crews to prospect new claims and numerous unexplored airborne and ground conductors. And the Company wants to seek joint venture partners to advance project with a significant diamond drill program.

(3) Island Pond Property (Low Sulphidation, Epithermal Au)

Island Pond Property is located 5 kilometer south of Trans Canada Highway along Route 360, central Newfoundland. It is 3 kilometers southwest of Altius Minerals/Sudbury Contact high grade gold discovery at the Moosehead Property (DDH - 170.31 g/t Au/1.50 meters). And in the Northwest portion is a newly recognized Botwood Basin gold play. The Company owns 38 claims (950 hectares). The 2002 program include compilation of recently acquired claims, expanding existing grid to include soil geochemical anomalies identified by Noranda in the late 1980's and to provide geophysical coverage over lakes and ponds. To complete infill line cutting (50 and possibly 25 meter spaced lines) which will be covered by magnetometer and VLF geophysical surveying to better define existing structures, and to locate additional structures. The Company will send ground crews to prospect new lines and resulting geochemical and or geophysical anomalies. And the Company wants to seek joint venture partners to advance project with a significant diamond drill program.

(4) Paul's Pond Property (Mesothermal Gold)

Paul's Pond Property is located 40 kilometers southwest of Trans Canada Highway at Glenwood, central Newfoundland. It straddles southeastern Botwood Basin contact along strike from high grade Linear Property (18.6 g/t Au 8.6 meters). The Company owns 30 claims (750 hectares). The 2002 program is to expand existing grid to include soil geochemical anomalies identified by Noranda. And the Company wants to attract a joint venture partner to diamond drill geophysical and geochemical targets.

(5) Colchester Property

Colchester Property is located 15 kilometers north of the town of Springdale, in north central Newfoundland, approximately 8 kilometers northeast of the Hammerdown gold mine (Richmont Mines). The Company owns 121 claims (3,025 hectares) in the historic Green Bay Mining District of northeastern Newfoundland. The 2002 work program include line cutting, soil geochemistry, geological mapping, IP and magnetometer geophysical surveys. Diamond drilling will follow to test targets where warranted.

MANAGEMENT

John Clarke, President, CEO and Director, joined Cornerstone in 1997. He has been a Barrister and Solicitor of the Law Society of Newfoundland since 1979 and became a partner in a St. John's Newfoundland law firm in 1985 where he has remained since. Mr. Clarke is a professional arbitrator and stands on numerous panels including but not limited to Labour Canada, Canadian Industrial Relations Association, Canadian Motor Vehicle Arbitration Program, Canadian Transportation Agency and Canadian Dispute Resolution Corporation. Mr. Clarke received his bachelor of laws degree from the University of Saskatchewan in 1979 and a bachelor of commerce degree from Memorial University in Newfoundland in 1976.

Glen McKay, Executive Vice President, Secretary Treasurer, CFO and Director, is the co-founder of CCRI and has been the President of Sealan Capital Corp., a private investment and property leasing company in Mount Pearl, Newfoundland since 1979. He is also the founder and Chairman of Hard-Rok Inc., a manufacturer of explosives that provides explosives and drilling and blasting services to the construction, mining and quarrying industries. He is co-founder, major shareholder and a director of Apex Construction Specialties Inc., a major supplier to the construction and mining industry. He is also a director and 50% owner of MagnetSigns Nfld., a company involved in portable sign rentals.

The rest of the board members include John Fleming, P.Geo, Vice President and Director, Ken Stead, Vice President of Exploration and Director, Donald J. Worth, Director, The Honourable John C. Crosbie, P.C., O.C., Q.C., Director and Timothy D.L. Froude, P.Geo, Exploration Manager.

NEWS UPDATE

On July 24, 2002, Cornerstone Capital Resources Inc. announced that it has signed an earn-in/joint venture agreement with Candente Resource Corp. (DNT-TSX-V) for the Paul's Pond gold property located in the southern portion of the newly recognized Botwood Basin gold play, Central Newfoundland. Candente is an exploration company with several gold and copper projects in Peru and a management team credited with major gold and copper discoveries worldwide.

On July 17, 2002, Cornerstone Capital Resources Inc. announced that it has signed an earn-in joint venture agreement with Candente Resource Corp. (TSXV:DNT - www.candente.com) on the Island Pond gold property located in the Botwood Basin of Central Newfoundland. Candente is an exploration company with several gold and copper projects in Peru and a management team credited with major gold and copper discoveries world-wide.

On July 10, 2002, Cornerstone Capital Resources Inc. announced that it has signed a Letter of Intent to conclude an earn-in/joint venture agreement with Sudbury Contact Mines Limited for the Colchester gold (copper) property in the western Notre Dame Bay region of Newfoundland. Sudbury Contact Mines Ltd. (TSX-SUD) is a subsidiary of Agnico-Eagle Mines Ltd. (TSX-AGE), one of Canada's premier gold mining companies.

On June 4, 2002, Cornerstone Capital Resources Inc. announced that it has entered into an agreement with Deborah Thiel of Nexus Consultants Inc. for the provision of corporate development services.

On May 17, 2002, Cornerstone Capital Resources Inc. announced that it has optioned two properties in northern Labrador that have potential for platinum group element (PGE) deposits. The Kingurutik property consists of 128 claims along the Kingurutik River, approximately 70 kilometres west-northwest of the community of Nain. The Staghorn Lake property, comprising 6 claims, is a similar distance to the northwest of Nain and about 35 kilometres northeast of the Kingurutik property. The vendors staked both properties following the January 2002 release of data from the Geological Survey of Newfoundland & Labrador on PGE values from nickel-copper occurrences in the general area.

On April 17, 2002, Cornerstone Capital Resources Inc. announced that they had acquired a new property with identified gold and antimony mineralization in the Baie d'Espoir area of South Central Newfoundland.

On April 10, 2002, Cornerstone Capital Resources Inc. announced that digital compilation of data from previous exploration on the Colchester property has been completed. On the basis of the data compilation, a detailed work program can now be designed for the Colchester property.

The property (121 claims - 30.25 square km) is approximately 8 km northeast of Richmont Mines' Hammerdown gold deposit, in a region with a long history of gold and copper mining.

On April 05, 2002, Cornerstone Capital Resources Inc. announced that the Company had received the results of a 3-D magnetic inversion completed on data over a portion of the Ken's Mountain magnetic anomaly on the South Princess property. The work had been undertaken to further investigate the potential for iron oxide-copper-uranium-gold-silver-rare earth deposits in the area. The property is located on the Bonavista Peninsula, Eastern Newfoundland, and is 100% owned by Cornerstone.