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Cordoba Minerals Reports Updated Mineral Resource Estimate for the Alacran Deposit
Alacran Deposit Remains Open for Resource Expansion Toronto, Ontario--(Newsfil...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"Cordoba Minerals Reports Updated Mineral Resource Estimate for the Alacran DepositImproved Geological Confidence in Copper and Gold MineralizationAlacran Deposit Remains Open for Resource Expansion Toronto, Ontario--(Newsfile Corp. - February 26, 2018) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQX: CDBMF) (\"Cordoba\" or the \"Company\") is pleased to announce an updated Mineral Resource estimate for the Alacran Deposit, located within the 100%-owned San Matias copper-gold project in Colombia.Highlights The updated, conceptual pit-constrained, Mineral Resource for the Alacran Deposit includes 36.1 million tonnes of Indicated Resources grading 0.57% copper and 0.26 g/t gold (0.72% copper equivalent; \"CuEq\"), and 31.8 million tonnes of Inferred Resources grading 0.52% copper and 0.24 g/t gold (0.65% CuEq) at a 0.28% CuEq cut-off. Indicated Resources contain 454 million pounds of copper and 300,000 ounces of gold, and Inferred Resources contain 365 million pounds of copper and 250,000 ounces of gold. The Alacran Deposit is expected to have low capital intensity given the highly favourable 1.17:1 strip ratio of the conceptual pit-constrained resource. This is due to the geometry of the deposit and its location along a ridgeline. High-grade diamond drill intercepts associated with carbonate-base metal (\"CBM\") veins, which have been identified over 600 metres of strike length, were excluded from the geological model, but the sample values were retained and capped in the resource calculation. Specific high-grade intercepts, such as 4,440 g/t gold, 10.25% copper, 347 g/t silver, and 24.70% zinc over 0.9 metres in ACD036 (previously reported January 23, 2017), have been capped at 1% copper and 2 g/t gold in the updated resource estimate. Additional drilling to the northwest and down-dip will follow-up on high-grade copper and gold mineralization and will further target the potentially significant high-grade cobalt discovery of 1.13% cobalt over 1.3 metres in a new epithermal vein (ACD070; previously reported December 5, 2017). Drilling will also target copper and gold mineralization to the south that was not included in the pit-constrained resource. The Alacran north-south structural corridor has been mapped over 3 kilometres south of Alacran with similar host stratigraphy and new copper mineralization identified. \"We have i...