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Cordoba Minerals Receives Key Exploration Concession Over The Montiel Porphyry Copper-Gold Target In Colombia
VANCOUVER, Oct. 22, 2012 /CNW/ - Cordoba Minerals Corp. ("Cordoba" or the "Company") (TSX-V...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Oct. 22, 2012 /CNW/ - Cordoba Minerals Corp. (\"Cordoba\" or\n the \"Company\") (TSX-V:CDB) and Minatura International LLC are pleased\n to announce that the key exploration concession over the Montiel\n copper-gold porphyry target has been granted on the Company's Cordoba\n Project in northern Colombia. Highly encouraging copper and gold values\n have been returned from trenching at the Montiel target, and a phase\n one diamond drill program has been designed for the project.\n\n\nThe project consists of 25,790 hectares of land in 16 concessions,\n covering a poorly exposed volcanic/intrusive complex, situated along an\n inferred northern extension of the highly prospective Cauca Gold Belt.\n A total of roughly 10,650 hectares have been granted to date, including\n the latest 290 hectare LEQ-15161 concession, located over the most\n advanced porphyry copper-gold target, which is exposed in artisanal\n workings at the Montiel site. Now that the key concession has been\n granted, Cordoba is moving forward with the water permits required for\n the drill program, and management anticipates that drilling may\n commence as early as mid-November.\n\n\nTrenching recently completed over the shallow open pit workings at\n Montiel has now outlined a zone roughly 300m north-south and 150m\n east-west of strongly anomalous gold and copper values in deeply\n weathered (saprolitic) rock and soils. A total of 694 samples were\n collected over a total of 990 linear meters of 1-2 meter deep hand\n trenches, cut along four roughly north-south sections spaced 50m apart.\n These samples confirmed historic trench results and extended the\n anomalous area significantly to the north in soils. A map of the\n results has been posted to Cordoba's website.\n\n\nThe new trenching returned individual gold values as high as 11.1 and\n 22.3 g/t gold over 1m, with more typical peak values in the 1-2 g/t\n gold range over broad areas within the pit exposure. Individual copper\n values ran as high as 2.7 and 1.7 % copper over 1m, with more typical\n peak values of 0.5 % copper in the pit area. A total of 30 samples ran\n better than 1 g/t gold, 105 samples ran better than 0.5 g/t gold, and\n 55 samples ran better than 0.5 % copper.\n\n\nSignificant trench sample composite values include those reported below:\n\n\nTrench\n\n\nZone\n\n\nLeng...