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The M10 property is located in the Pichincha Province 50 kilometers west-southwest of Quito Ecuador immediately north of and adjoining Cornerstone Capital Resources and Coastport Capital's La Plata Gold Rich VMS deposit and covers an area of 4,915 hectares. The M10 property was identified by Ing Fredy Salazar who spent several years as a senior geologist for Newmont Gold and provided consulting services for Aurelian Resources. Mr. Salazar was instrumental in the identification of the land package known as the Condor project held by Aurelian Resources and the El Condor project held by Lateegra located in the emerging gold belt in southern Ecuador.
The exploration target on the M10 concession is the continuation of the La Plata polymetallic volcanogenic massive sulphide (VMS) trend. Mineralization at La Plata and in the area occurs at or near the north-south trending contact between intermediate and felsic volcanics. Recent results from the drilling on La Plata by Cornerstone and Coastport Capital returned significant massive sulphides returning in hole LP-06-02, 6.7 meters (true width of 4.4 meters) averaging 11.1 g/t Au, 77.9 g/t Ag, 23.44 % Zn, 1.02 % Cu and 3.19 % Pb and 8.9 meters averaging 31.61 g/t Au, 289.39 g/t Ag, 18.16 % Zn, 5.86 % Cu and 1.61 % Pb in Hole LP-06-01 (Source: Stockwatch news June 22, 2006 Cornerstone Capital Resources). The M10 concession covers 7.5 kilometers of potential strike length of favorable geology. Documented mineral showings are reported to exist on the property including the El Diablo showing located on the south limits of the property.
Related Documents and Links
News Release - November 8, 2006
Cornerstone Resources
Coast Port Capital

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