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Cordoba Minerals Corp.
Summary
| Project: | San Matias | |
|---|---|---|
| Deposit: | Alacran | |
| Location: | Colombia | |
| Commodities: | Copper-Gold | |
| Date: | 7/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-7-2017: Cordoba Minerals Corp. announces an Exploration/Drilling Update report for its Alacran deposit at the San Matias project. JV - drilling results incl. 48m @ 1.70% Cu, 0.79g/t Au from 51m. ORONTO, ONTARIO, July 25, 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 (Internal) | |
| ABSTRACT: | ORONTO, ONTARIO, July 25, 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 San Matias Project in Colombia has continued to encounter highgrade copper-gold mineralization outside of the current resource shell, demonstrating significant potential to expand the current resource estimate. Drilling in this campaign was conducted over 900 metres of strike length within the central and southern parts of the Alacran Deposit. Importantly, drillhole ACD066 indicates that previous drilling in the southern-most part of the property was collared too far west and that the copper-gold deposit is offset to the east by post-mineralization faulting. This indicates potential for undrilled strike extensions of almost 500 metres. Mario Stifano, President and CEO of Cordoba, commented: “The discovery of the offsetting fault in the southern part of the Alacran Deposit demonstrates the significant potential for the deposit to grow. Visible gold in ACD063 was confirmed by assay results. This indicates that cross-cutting gold-bearing structures are found over at least 600 metres of the Alacran Deposit’s strike.” Discussion Eight drillholes completed at the Alacran Deposit focused on continuity of copper-gold mineralization in central parts of the deposit and tested southern extensions of the Alacran trend where post-mineral faulting had been interpreted to have offset copper-gold mineralization to the east. | |
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