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Cordoba Minerals Corp.
Summary
| Project: | San Matias | |
|---|---|---|
| Deposit: | San Matias | |
| Location: | Colombia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 7/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-7-2019: Cordoba Minerals Corp. announces a PEA report for its San Matias deposit at the San Matias project. PEA results incl. post-tax NPV (8%) of $210.7M, IRR of 20.3%. VANCOUVER, BRITISH COLUMBIA, July 29, 2019: Cordoba Minerals Corp. (TSX-V:CDB; OTC | |
| Resources: | (Resource): 114.3Mt @ 0.64% CuEq (Ind.) and 4.8Mt @ 0.39% CuEq. (Inf.) | |
| CP/QP: | [Resources]: Glen Kuntz (Nordmin Engineering Ltd.) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA, July 29, 2019: Cordoba Minerals Corp. (TSX-V:CDB; OTCQB:CDBMF) (“Cordoba” or the “Company”) today reported results from an independent Preliminary Economic Assessment (“PEA”) for its San Matias Copper-Gold-Silver Project (“San Matias” or the “Project”) in Colombia. The PEA was prepared by Nordmin Engineering Ltd. (“Nordmin”) of Thunder Bay, Ontario, and includes revisions to the June 2019 San Matias Mineral Resource estimate that was completed by Nordmin (refer to Cordoba’s news release dated July 3, 2019). All amounts are in United States dollars, unless otherwise stated. Summary results of the PEA are shown below in Table 1. The San Matias 2019 PEA is preliminary in nature and includes an economic analysis that is based, in part, on Inferred Mineral Resources. Inferred Mineral Resources are considered too speculative geologically for the application of economic considerations that would enable them to be categorized as Mineral Reserves – and there is no certainty that the results will be realized. Mineral Resources do not have demonstrated economic viability and are not Mineral Reserves. “We believe we have demonstrated a very robust project at San Matias through the PEA work completed by Nordmin.” stated Eric Finlayson, President and CEO of Cordoba. “The Alacran deposit, with its significant copper, gold and silver grades and low strip ratio, remains the cornerstone of the Project, supplemented by the later addition of mill feed from the Montiel East, Montiel West and Costa Azul pits. This is only the beginning for San Matias, and we will continue to explore our highly prospective copper and gold targets within the region.” | |
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