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Cordoba Minerals Mobilizes Second Drill Rig to Alacran Deposit in Colombia
TORONTO, ONTARIO--(Marketwired - Sept. 25, 2017) - Cordoba Minerals Corp. (TSX VENTURE:CDB) (OTCQX:CDBMF) ("Cordoba" or the "Company") is pleased to announce th
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Sept. 25, 2017) - Cordoba Minerals Corp. (TSX VENTURE:CDB) (OTCQX:CDBMF) (\"Cordoba\" or the \"Company\") is pleased to announce that a second drill rig has been mobilized to the high-grade, near-surface Alacran Deposit, located within the San Matias Copper-Gold Project in Colombia. Further to Cordoba's August 21, 2017 news release, the drill program that is currently underway is testing three high-priority targets, which include the new southern strike extension; the northeast extension across a WNW fault zone; and the down-dip extensions on the western side of the deposit. Drilling in the northeast of the fault will target a strong copper-gold soil geochemical anomaly coincident with mineralized float that is underlain by a chargeability anomaly and potentially extending under a diorite sill. Mario Stifano, President and CEO of Cordoba said, \"Mobilization of a second rig allows us to accelerate the pace of drilling at Alacran, the results of which we plan to incorporate into an updated mineral resource estimate and a Preliminary Economic Assessment, both expected in the first half of 2018. We are optimistic that this drilling program will continue to yield significant results for Cordoba.\" Expanding the new southern strike extension target As reported in Cordoba's July 25, 2017 news release, drilling encountered high-grade copper-gold mineralization outside of the current mineral resource shell, demonstrating potential to significantly expand the current resource estimate. Drill hole ACD066 indicated 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, indicating potential for undrilled strike extensions of almost 500 metres. Highlights from drill hole ACD066 include: 48 metres @ 0.70% copper and 0.19 g/t gold (0.84% CuEq) from 0 metres, including: 12 metres @ 1.13% copper and 0.26 g/t gold (1.32% CuEq) from 20 metres. 34 metres @ 0.37% copper and 0.14 g/t gold (0.48% CuEq) from 60 metres, including: 8 metres @ 0.73% copper and 0.37 g/t gold (1.01% CuEq) from 57 metres. 22 metres @ 0.24% copper and 0.08 g/t gold (0.30% CuEq) from 110 metres Alacran copper-gold system The Alacran copper-gold system is located within the San Matias Copper-Gold Project in the Department o...