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Cordoba Minerals Corp.
Summary
| Project: | San Matias | |
|---|---|---|
| Deposit: | Alacran | |
| Location: | Colombia | |
| Commodities: | Copper-Gold | |
| Date: | 8/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-8-2016: Cordoba Minerals Corp. announces an Exploration/Drilling Update report for its Alacran deposit at the San Matias project. JV with HPX - drilling results incl. 224m @ 0.50% Cu, 0.17g/t Au from 11m. TORONTO, ONTARIO, August 11, 2016: Cordoba Mine | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Christian J. Grainger (Not stated) | |
| ABSTRACT: | TORONTO, ONTARIO, August 11, 2016: Cordoba Minerals Corp. (TSX-V: CDB; OTCQX: CDBMF) (“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 ongoing drilling at the Alacran Copper-Gold Deposit has discovered significant new lateral extensions to known copper-gold mineralization, indicating significant potential for a large tonnage open-pit copper-gold resource. Drilling in the northern area of the Alacran Deposit, within the Company’s San Matias Copper-Gold Project in Colombia, has outlined significant widths of high-grade coppergold mineralization starting near surface. Mineralization now extends over 250 metres laterally and remains open in all directions, highlighting the significant potential for further resource expansion over the 1.3 kilometres of strike drilled to date. Two active drill fences over 500 metres and 700 metres to the south of the initial lateral step-out drilling and east of previous diamond drilling where ASA-037 intersected 42 metres of 2.83 grams per tonne (g/t) gold and 0.43% copper, have identified large zones of visible chalcopyrite-pyrite-magnetite mineralization, indicating the potential for similar lateral extensions including prospective gold-rich zones, significantly adding to the overall size of the copper-gold mineralized system. | |
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