The failure as you put it has an option to JV with VALE with KATX (LUCKY PROPERTIES). (FACT)
Another FACT is Ken Stead found a few of the properties the company that he worked for before,that company Cornerstone Resources. Cornerstone now has options or JV's with many properties Ken was either part of discovering or involved in the JV's or options themselves. Ken left in 2004. For those who do not know RR was called south Princess at one time..
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. Refer to this for more info. http://www.nafinance.com/Listed_Co/english/cornerstone_e.htm#NEWS%20UPDATE FACTS SPEAK TRUTH Mr. Hobbes
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