Cornerstone and Newcrest in definitive Ecuador option agreement

23rd April 2019 By: Creamer Media Reporter

Australian major Newcrest has signed a binding option and farm-in agreement with exploration company Cornerstone Capital Resources over the Caña Brava and Tioloma properties in Ecuador, targeting epithermal gold/silver and porphyry gold/copper deposits.

The agreement replaces the heads of agreement entered into between the companies in February.

Newcrest is also partnering with Cornerstone on the Miocene project in Chile.