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Cordoba Minerals Reports Diamond Drilling is Underway at Perseverance Porphyry Copper Project in Arizona, USA
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2021) - Sarah Armstrong-Montoya, Pr...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"Cordoba Minerals Reports Diamond Drilling is Underway at Perseverance Porphyry Copper Project in Arizona, USAVancouver, British Columbia--(Newsfile Corp. - October 26, 2021) - 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 that drilling is underway at the Perseverance porphyry copper project, located in northwestern Arizona, USA.Photo: The crew is on Perseverance site drilling the initial K-21 hole for 2021 exploration program.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/3116/100830_photo%20cordoba%20minerals.jpg.\"We are excited to report that the drill is turning again at Perseverance, following the last successful drill campaign in 2019. We look forward to the results, and believe there is great potential at Perseverance,\" commented Ms. Armstrong-Montoya.The 2021 drill program has commenced with an initial 2-hole program to test the Northern Magneto-telluric anomaly (refer to Cordoba's news release dated October 19, 2021).Cordoba has an option to earn up to 80% of the Perseverance ProjectCordoba has the option to earn up to an 80% interest in Perseverance by spending a total of C$17,000,000 over a 7.5 year period by completing the phased project expenditures before April, 2026 (refer to Cordoba's news release dated August 27, 2018). In 2019, Cordoba completed the Phase 1 earn-in requirement and vested a 25% interest in the project. The Company is currently in Phase 2 stage and is earning-in to a total 51% interest of the project which must be completed by April 2022. Cordoba has to date spent approximately 50% of the C$3,000,000 required to obtain this 51% interest. Technical Information & Qualified PersonThe technical information in this release has been reviewed and verified by Charles N. Forster, P.Geo., a Qualified Person for the purpose of National Instrument 43-101. Mr. Forster is the Vice President, Exploration for Cordoba..About CordobaCordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is developing its 100%-owned San Matias Copper-Gold-Silver Project, which includes the Alacran Deposit and satellite deposits at Montiel East, Montiel We...