Business
Cordoba Minerals Announces 2020 Work Program
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Cordoba Minerals Corp. (TS...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"Cordoba Minerals Announces 2020 Work ProgramAccelerated Development of San Matias Copper-Gold-Silver Project in Colombia; Geophysical Survey Underway at Perseverance Copper Project in Arizona, USAVancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (\"Cordoba\" or the \"Company\") today announced its upcoming work program for 2020 at the San Matias Copper-Gold-Silver Project in Colombia and the Perseverance Copper Project in Arizona, USA.At San Matias, Cordoba plans on accelerating development of the Alacran deposit and has begun the pre-feasibility studies required to secure the necessary Colombian mining approvals.[1] Cordoba will also pursue further exploration in the San Matias district, including advancing the search for the porphyry sources of the Alacran and Montiel West deposits.At the Company's Perseverance Copper Project, which it is exploring through a Joint Venture and Earn-In Agreement with Bell Copper Corporation (\"Bell Copper\"), Cordoba has commenced a magneto-telluric (\"MT\") geophysical survey. The goal of the MT survey is to close off the previously-identified strong conductivity anomaly thought to reflect the southwestern edge of a concealed porphyry system.\"We have a very exciting work plan for the year ahead,\" said Eric Finlayson, President and CEO of Cordoba and President of Cordoba's majority shareholder High Power Exploration (\"HPX\"). \"At San Matias, which has been designated as a project of national significance by the Government of Colombia, we are conducting pre-feasibility studies for mine development at the Alacran copper-gold-silver deposit while continuing the search for the concealed porphyry systems responsible for mineralization in the area. At Perseverance, together with our joint venture partner Bell Copper, we hope to definitively test the porphyry copper potential of the project in 2020.\"Accelerated Development of San Matias ProjectThe San Matias project was the subject of a July 2019 Preliminary Economic Assessment (\"PEA\") titled \"NI 43-101 Technical Report and Preliminary Economic Assessment, San Matías Copper-Gold-Silver Project, Colombia\" with an effective date of July 29, 2019, which outlined a robust project with positive economics (refer to Cordoba's news release dated July 29, 2019). The PEA project gen...