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Cordoba Minerals Corp.
Summary
| Project: | San Matias | |
|---|---|---|
| Deposit: | Alacran | |
| Location: | Colombia | |
| Commodities: | Copper-Gold | |
| Date: | 1/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-1-2017: Cordoba Minerals Corp. announces an Exploration/Drilling Update report for its Alacran deposit at the San Matias project. JV with HPX - drill results incl. 108m @ 1.26% Cu, 0.87g/t Au from 0m. TORONTO, ONTARIO, January 11, 2017: Cordoba Mineral | |
| Resources: | (Resource, Inf.): 53.52Mt @ 0.70% Cu, 0.37g/t Au at El Alacran | |
| CP/QP: | [Overall Report]: Christian J. Grainger (Not stated) | |
| ABSTRACT: | TORONTO, ONTARIO, January 11, 2017: Cordoba Minerals Corp. (TSX-V: CDB) (“Cordoba” or the “Company”) and its joint-venture partner, High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland’s Ivanhoe Industries, LLC, are pleased to announce that drilling at the San Matias Copper-Gold Project in Colombia has significantly expanded the volume of near-surface copper-gold mineralization at the Alacran Deposit. Copper mineralization at Alacran has now been intersected over a strike length of 1.3 kilometres, to widths of up to 400m, and extends from surface to depths of more than 260 metres below surface. Hole ACD033 (108 m @ 1.26% Cu + 0.87g/t Au) has returned one of the best intersections to date on the project with mineralization outside the current Inferred Mineral Resource shell. The recent drilling results demonstrate the potential to significantly increase the current inferred mineral resource at Alacran of 53.5 million tonnes of 0.70% copper and 0.37 g/t gold announced in a press release January 5, 2017 (see Figure 7). The area around hole ACD033 is a priority target to follow-up with additional drilling to the east, where the mineralization remains open. Prior to the current drilling program, the mineralization at Alacran was believed to be striking in a north-south direction, with a sub-vertical westerly dip. This drilling campaign has shown that the mineralization dips more moderately to the west, conformable to the host stratigraphy, adding additional shallow mineralization up-dip to the east. Moving from north to south, the host stratigraphy appears to steepen while the mineralization changes from pyrrhotite-pyrite-chalcopyrite to magnetitechalcopyrite. Based on magnetic and induced polarization surveys, attractive exploration targets remain down-plunge and along strike. | |
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