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Cordoba Minerals Provides an Update on Pre-Feasibility Study Fieldwork at the 100%-Owned Alacran Copper-Gold-Silver Project in Colombia
Metallurgical, Geotechnical and Hydrological Drilling is Well-Advanced Exploration Planned...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"Cordoba Minerals Provides an Update on Pre-Feasibility Study Fieldwork at the 100%-Owned Alacran Copper-Gold-Silver Project in ColombiaMetallurgical, Geotechnical and Hydrological Drilling is Well-AdvancedExploration Planned at Alacran and Montiel West to Locate Porphyry Copper MineralizationVancouver, British Columbia--(Newsfile Corp. - March 31, 2021) - Eric Finlayson, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (otherwise \"Cordoba\" or \"the Company\") is pleased to provide an update on the ongoing Pre-Feasibility Study (\"PFS\") at its 100%-owned Alacran Copper-Gold-Silver Project. The Alacran project is located in the Department of Córdoba of northern Colombia in a newly-recognized Laramide-age porphyry copper-gold district.\"We are making excellent progress on our PFS fieldwork and we remain on track for finalizing the study before the end of 2021. We are pleased to see a good correlation between the resource block model and the metallurgical holes we have drilled. This confirms that we have a robust mineral resource at Alacran. We are also about to reactivate our search for the hidden porphyry sources of mineralization at Alacran and Montiel West. A porphyry copper discovery would be the platform for the next stage of growth for the Company,\" commented Mr. Finlayson (see Figure 1 below).Highlights:The Mining Technical Work Plan (PTO) and Environmental Impact Assessment (EIA), required for a Colombian mining licence application, remain on schedule. The PTO is expected to be submitted in Q4 2021 and the EIA in Q1 2022. 52 of 94 planned drill holes have been completed (see Table 1 below). These holes are being drilled for geotechnical, hydrological and metallurgical testing, with some resource in-fill holes planned to convert Inferred Resources to the Measured & Indicated categories. Assay results from the in-fill drilling will be announced when available. All 63 excavator pits required for geotechnical investigations have been completed.Drill core from four of the seven planned metallurgical holes is now at Blue Coast Research on Vancouver Island undergoing metallurgical test work. Each hole sampled a different part of the orebody. Assay data have been received for six of the metallurgical drill holes. Holes ACD085 and ACD086 were drilled immediately south and north ...