Business
Cordoba Minerals Intersects Multiple High-Grade Gold-Copper Veins Within the Alacran Deposit at its 100%-Owned San Matias Copper-Gold-Silver Project in Colombia
Feasibility Study Drilling Continues to Validate Pre-Feasibility Mineral Resource Block Model ...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"Cordoba Minerals Intersects Multiple High-Grade Gold-Copper Veins Within the Alacran Deposit at its 100%-Owned San Matias Copper-Gold-Silver Project in ColombiaFeasibility Study Drilling Continues to Validate Pre-Feasibility Mineral Resource Block Model for the DepositVancouver, British Columbia--(Newsfile Corp. - August 8, 2022) - Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (otherwise \"Cordoba\" or the \"Company\"), is pleased to report initial diamond drilling results from the Feasibility Study drilling program at the 100%-owned San Matias Copper-Gold-Silver Project.Highlights:6,385 metres (24 diamond drill holes) of the initial 25,000-metre in-fill drilling program have been completed within the Alacran Deposit. Significant assays returned to date include (Table 1):ACD087 - 61 metres with 0.99% copper, 0.35 g/t gold and 5.17 g/t silver or 1.17% copper equivalent (CuEq1). ACD097 - 53 metres with 0.70% copper, 0.70 g/t gold and 6.18 g/t silver or 1.11% CuEq1.Mineralized intersections correlate closely with the Pre-Feasibility Study (PFS) Mineral Resource Block Model.Multiple late-mineral gold-copper veins, known as Carbonate Base Metal (CBM) veins, have been intersected within drill holes and are superimposed upon high-grade zones of earlier carbonate replacement copper-gold mineralization. \"We are excited to see the initial in-fill drill holes supporting the higher grade domains in our 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,\" commented Ms. Armstrong-Montoya, President and CEO of Cordoba. \"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.\"Initial drill results show strong correlation with the PFS resource block model Cordoba commenced an initial 25,000-metre in-fill drill program in May 2022, which is part of the 40,000-metre in-fill drilling campaign planned by the Company to update the mineral resource and mine plan at the Alacran deposit (refer to Cordoba's press release dated May 31, 2022). The initial drill program focuses on the northern and central areas within...