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Cordoba Minerals Corp.
Summary
| Project: | San Matias | |
|---|---|---|
| Deposit: | Alacran | |
| Location: | Colombia | |
| Commodities: | Copper-Gold | |
| Date: | 5/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-5-2017: Cordoba Minerals Corp. announces an Exploration/Drilling Update report for its Alacran deposit at the San Matias project. JV - drilling results incl. 184m @ 0.46% Cu, 0.28g/t Au from 6m. TORONTO, ONTARIO, May 17, 2017: Cordoba Minerals Corp. (T | |
| Resources: | (Resource, Inf.): 53.52Mt @ 0.70% Cu, 0.37g/t Au at Alacran | |
| CP/QP: | [Overall Report]: Christian J. Grainger (Not stated) | |
| ABSTRACT: | TORONTO, ONTARIO, May 17, 2017: 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 Project in Colombia, has continued to encounter high grade copper-gold mineralization. Recent drill holes have recorded mineralized intercepts of up to 184 metres, many with gold and copper mineralization that are significantly higher than the grades used in the preliminary Inferred Mineral Resource statement with the potential to expand the resource envelope. Drilling also has resulted in an enhanced understanding of the structural controls to the mineralization, providing good targets for future drilling. In addition, drilling has confirmed additional intersections of the carbonate base metals (CBM) veins, which host the bonanza-grade gold mineralization previously intersected in hole ACD036 (see January 23, 2017 news release). Mario Stifano, President and CEO of Cordoba, commented: “Drilling at Alacran continues to identify near surface high grade copper-gold mineralization with additional CBM veins intersected in multiple holes over a 400 metre structural trend, indicating potential to identify additional bonanza grade zones and veins. Our geological understanding of the multiple mineralizing events and structural interpretation at Alacran is improving with visible gold recently intersected in drill hole ACD063, with assays pending. With strong community support, the Company is now positioned to drill deep holes around the artisanal mine workings to identify the source of the higher-grade gold and copper mineralization and target additional CBM veins at Alacran”. | |
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