Source: Cordoba Minerals Corp.
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  • Cordoba Minerals (CDB) reported initial diamond drilling results from the feasibility study drilling program at its San Matias Copper-Gold-Silver Project in Colombia
  • 6,385 metres, containing 24 diamond drill holes of the initial 25,000-metre in-fill drilling program have been completed within the Alacran Deposit
  • Multiple late-mineral gold-copper veins have been intersected within drill holes and were found upon high-grade zones of earlier carbonate replacement copper-gold mineralization
  • Given the clear presence of coarse-grained gold, it is likely that there is a significant “nugget-effect” at play, and there is the potential for substantial upside in contained gold
  • Shares of Cordoba Minerals (CDB) is trading steady at C$0.54 per share as of 11:20 am ET

Cordoba Minerals (CDB) reported initial drilling results from its San Matias Copper-Gold-Silver Project in Colombia.

A total of 6,385 metres, containing 24 diamond drill holes of the initial 25,000-metre in-fill drilling program have been completed within the Alacran Deposit.

Highlights:

  • ACD087 – 61 metres with 0.99 per cent copper, 0.35 g/t gold and 5.17 g/t silver or 1.17 per cent copper equivalent (CuEq)
  • ACD097 – 53 metres with 0.70 per cent copper, 0.70 g/t gold and 6.18 g/t silver or 1.11 per cent CuEq

Mineralized intersections correlate closely with the pre-feasibility study mineral resource block model.

Multiple late-mineral gold-copper veins, known as Carbonate Base Metal (CBM) veins, have been intersected within drill holes and were found upon high-grade zones of earlier carbonate replacement copper-gold mineralization.

The team noted that given the clear presence of coarse-grained gold, it is likely that there is a significant “nugget-effect” at play, and there is the potential for substantial upside in contained gold that is not reflected in the current resource statement. That this upside would be realized during mining of the deposit.

Cordoba’s President and CEO, Sarah Armstrong-Montoya, commented that initial in-fill drill holes support the higher-grade domains in the company’s resource model for the Alacran Deposit.

“The fact that these domains also host multiple CBM veins brings us one step closer to understanding the relationship between the CBM and carbonate replacement events,” she added, “Results indicate a shared feeder system for the mineralizing fluids and point towards excellent exploration potential to depth, including for a porphyry copper-gold source.”

Cordoba Minerals (CDB) is focused on the exploration, development and acquisition of copper and gold projects in Colombia and the United States.

Cordoba Minerals (CDB) is trading steady at C$0.54 per share as of 11:20 am ET.


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