Welcome!

News Feed Item

Cordoba Minerals Provides Exploration Update at its San Matias Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/21/14 -- Cordoba Minerals (TSX VENTURE:CDB) ("Cordoba" or the "Company") is pleased to provide an exploration update and 2014 exploration plan at its San Matias Project located in Cordoba, Colombia. Following consolidation of the San Matias Project and completion of the $15 million equity financing in March 2014 exploration activities have significantly ramped up, including:

--  50 shallow RAB drill holes have been completed at the Montiel West
    target testing an area of approximately 400 m x 300 m where surface
    trenching and current drilling has defined mineralization associated
    with sheeted quartz-magnetite-chalcopyrite-bornite veins in both
    feldspar-hornblende porphyry and basaltic country rocks 
--  Currently RAB drill testing the Pirita mine underground workings
    targeting quartz-pyrite- chalcopyrite-pyrrhotite-magnetite veining and
    stockwork located immediately north of the Montiel West target and
    porphyry mineralization 
--  Current trenching at Costa Azul has returned 75.6 m @ 1 g/t Gold and
    0.3% Copper, within a larger +200 m mineralized zone, that remains open
    in multiple directions, and now incorporates an accelerated trenching
    program in preparation for RAB drilling 
--  Discovery of the Buenos Aires prospect located approximately 1 km south
    of Costa Azul with channel sampling returning approximately 4% Copper in
    38 samples over significant widths with elevated levels of LREE's (light
    rare earth elements) and Uranium associated with a large gossan exposure
--  Commencement of a +150 sample stream sediment sampling program within
    the southern tenure of the Company's 27,000 hectare land package where
    approximately 8 km of highly prospective strike length of a major
    mineralized north-south trending structure, that hosts the Montiel,
    Costa Azul and Buenos Aires targets to the north, remains completely
    unsampled to date 
--  Preliminary diamond drilling program of the Montiel West and Costa Azul
    targets to commence during the second quarter 

Mario Stifano, CEO of Cordoba, commented: "With the closing of the transaction and financing we can now focus on drilling and exploring the numerous porphyry copper gold targets identified to date, and start unlocking the full potential of the district scale San Matias Project. We are extremely pleased with the progress of the RAB drilling program and the advancement of the prospects as we prepare for our diamond drilling program."

Montiel

The Montiel prospect is a 1 km x 800 m target defined by a large coincident copper-gold soil anomaly, trenching and rock-chip sampling over an interpreted porphyry cluster and also where previously reported diamond drilling has included: 101.10 m @ 1.0 % Copper and 0.65 g/t Gold (2.37 g/t AuEq) in DDH-004 at Montiel East. To date 50 RAB drill holes have been completed at Montiel West testing the main outcropping porphyry and mineralized mafic volcanic country rocks in the southwestern parts of the prospect tracking northwards to the recent underground Pirita mine workings utilizing a 50 m x 50 m grid. The mineralization is defined by sheeted quartz-magnetite-chalcopyrite-pyrite-bornite veins that are largely E-W, NE and NW trending with minor N-S zones. The mineralized porphyry, and surrounding mafic volcanic country rocks, has been defined by logging of RAB chips and is generally associated with a stripped saprolite (due to hydraulic mining by artisanal miners) and saprock outcrops.

The RAB drilling is currently testing the Pirita mine underground workings where quartz-pyrite- chalcopyrite-pyrrhotite-magnetite veining and stockwork is being exploited by artisanal miners from basaltic hostrocks. The vein mineralization and associated parallel structures, is associated with a large alteration zone of chlorite-sericite-carbonate alteration, veinlet, disseminated and fracture hosted pyrite-chalcopyrite mineralization.

The RAB drilling will continue north to the Iguana copper-gold in-situ soil anomaly that is located +500 m north of Montiel West. The Iguana prospect is interpreted as potentially being the northern extension of Montiel West as it lies on the same interpreted N-S trending structure with the area in between largely covered by a thin veneer of transported sediment, mainly from the hydraulic mining of the saprolite at Montiel West and adjacent areas. Iguana is a robust copper-gold soil anomaly in an area with thick saprolite that has no outcrop. RAB drilling at Montiel East and the +700 m of strike between the eastern and western outcrops will also follow after the completion of a first pass RAB drilling program at the Costa Azul target.

To view figure 1, please visit the following link: http://media3.marketwire.com/docs/94067801.pdf

Costa Azul

The Costa Azul target is a coincident 800 m x 800 m copper-gold soil anomaly associated with a prominent magnetic high geophysical signal. It is located 2.5 km to the south of the Montiel Prospect, on the same major N-S lineament that extends for an additional 9 km to the southern tenure boundary. Recently completed trenching and soil auger sampling has exposed a large area of mineralized porphyry and mafic volcanic country rocks that is interpreted to be the SW part of a NE-trending elongate mineralized porphyry intrusive body. An excavator will now be utilized to accelerate the trenching program to complete up to four additional trenches and extend the current trench which returned 75.6 m @ 1 g/t Gold and 0.3% Copper, within a larger +200 m mineralized interval that remains open in multiple directions. The mineralization at Costa Azul is associated with multi-directional quartz-magnetite-chalcopyrite-bornite veins in feldspar- hornblende porphyry intrusive. The trenching is planned to better define the structural orientation of the veining and will aid the following RAB drilling. The first pass RAB drilling program at Costa Azul will incorporate 30-40 drill holes to better define the dimensions and tenor of the mineralization for follow-up diamond drilling.

To view figure 2, please visit the following link: http://media3.marketwire.com/docs/94067802.pdf

Buenos Aires

The Company's newly discovered Buenos Aires prospect is located approximately 1 km south of the Costa Azul target where a poorly outcropping 20 m x 30 m (as currently defined) gossan hosts significant copper mineralization that is interpreted to be at the contact of a dioritic intrusion and mafic volcanic country rocks. Channel sampling of the outcropping parts of the gossan has returned an average of 4% Copper in 38 samples over significant widths with elevated levels of LREE's (light rare earth elements) and Uranium. The prospect contains little outcrop and a trenching program is being planned to better understand the dimensions of the mineralization and the source of the gossan.

To view figure 3, please visit the following link: http://media3.marketwire.com/docs/94067803.pdf

Southern Tenure Prospecting and Stream Sediment Sampling Program

A major stream sediment sampling program in the southern parts of the Company's 27,000 hectare land package has commenced and will target as priority the highly prospective and to date over 8 km of unsampled strike length of a major mineralized N-S trending structure that hosts the Montiel, Costa Azul and Buenos Aires porphyry targets to the north. Additionally, a large southwestern area that measures roughly 5 km x 5 km in dimensions, also unsampled, will be targeted along with numerous geophysical anomalies, including coincident magnetic and potassium channel anomalies generated from a previous airborne geophysical program, and historical and current artisanal hard-rock and alluvial mining areas. This sampling campaign will act as the basis for new prospect generation within the newly recognized and unexplored San Matias Project porphyry district.

To view figure 4, please visit the following link: http://media3.marketwire.com/docs/94067804.pdf

Technical Information

The technical information has been reviewed, verified and compiled by Christian J. Grainger, PhD, a Qualified Person for the purpose of NI 43-101. Dr. Grainger is a geologist with +15 years in the minerals mining, consulting, exploration and research industries. Dr. Grainger is a Member of the Australian Institute of Geoscientists and Australian Institute of Mining and Metallurgy.

About Cordoba Minerals

Cordoba Minerals Corp. is a Vancouver-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba currently owns 100% of the highly prospective San Matias Project located near operating open pit mines with ideal topography in the Department of Cordoba. For further information, please visit www.cordobamineralscorp.com.

ON BEHALF OF THE COMPANY                                                    
                                                                            
Mario Stifano, President and CEO                                            
Cordoba Minerals Corp.                                                      

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward- looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:
Mario Stifano
Tel: (416) 862-5253
Email: [email protected]
Website: www.cordobamineralscorp.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Jo Peterson is VP of Cloud Services for Clarify360, a boutique sourcing and benchmarking consultancy focused on transforming technology into business advantage. Clarify360 provides custom, end-to-end solutions from a portfolio of more than 170 suppliers globally. As an engineer, Jo sources net new technology footprints, and is an expert at optimizing and benchmarking existing environments focusing on Cloud Enablement and Optimization. She and her team work with clients on Cloud Discovery, Cloud ...
This is going to be a live demo on a production ready CICD pipeline which automate the deployment of application onto AWS ECS and Fargate. The same pipeline will automate deployment into various environment such as Test, UAT, and Prod. The pipeline will go through various stages such as source, build, test, approval, UAT stage, Prod stage. The demo will utilize only AWS services including AWS CodeCommit, Codebuild, code pipeline, Elastic container service (ECS), ECR, and Fargate.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Behera Rasananda is a technologist, a leader, a key note speaker has more than 20 years experience in across Government, Financial, Heath Care and Insurance Verticals. Mr. Behera has vast experience in Enterprise Cloud and Big Data solutions and Enterprise Architecture. Currently he works closely for Government Solutions on Enterprise Cloud for Federal Government Agency. Scientist Behera managed and partner with clients to make complete end to end solution and Migration to cloud both private sec...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...