News Image

Ecuador Constitutional Court Rules on exploration activities in the “Los Cedros” Protected Forest in the Rio Magdalena Project within the ENAMI EP Strategic Exploration Alliance in NW Ecuador

Provided By Globe Newswire

Last update: Dec 2, 2021

OTTAWA, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announces that it was notified late yesterday of a decision by Ecuador’s Constitutional Court upholding a lower court ruling that invalidated the environmental registration granted by the Ministry of Environment (ME) to Ecuador’s state mining company ENAMI EP for the initial (prior to drilling) exploration phase in the “Los Cedros” Protected Forest (Bosque Protector) at the Rio Magdalena project that forms 3 of the 9 concessions within the Cornerstone Ecuador S.A. (“CESA”) - ENAMI EP strategic exploration alliance (the “ENAMI-CESA SEA”) in Northwest Ecuador (See “About the ENAMI EP - Cornerstone Strategic Exploration Alliance (SEA)”, below), in which CESA has the option to earn up to an 84% interest.

Read more at globenewswire.com
Follow ChartMill for more