|By Marketwired .||
|April 21, 2014 08:30 AM EDT||
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."
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
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
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
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.
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.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
Mar. 26, 2017 11:00 AM EDT Reads: 2,582
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Mar. 26, 2017 11:00 AM EDT Reads: 2,185
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Mar. 26, 2017 10:45 AM EDT Reads: 609
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Mar. 26, 2017 10:30 AM EDT Reads: 1,297
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Mar. 26, 2017 10:15 AM EDT Reads: 3,002
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
Mar. 26, 2017 09:30 AM EDT Reads: 4,283
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 26, 2017 09:15 AM EDT Reads: 1,953
Now that the world has connected “things,” we need to build these devices as truly intelligent in order to create instantaneous and precise results. This means you have to do as much of the processing at the point of entry as you can: at the edge. The killer use cases for IoT are becoming manifest through AI engines on edge devices. An autonomous car has this dual edge/cloud analytics model, producing precise, real-time results. In his session at @ThingsExpo, John Crupi, Vice President and Eng...
Mar. 26, 2017 09:00 AM EDT Reads: 3,879
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
Mar. 26, 2017 08:15 AM EDT Reads: 2,698
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
Mar. 26, 2017 08:15 AM EDT Reads: 2,889
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
Mar. 26, 2017 08:15 AM EDT Reads: 2,994
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Mar. 26, 2017 08:00 AM EDT Reads: 4,175
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Mar. 26, 2017 05:15 AM EDT Reads: 6,171
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Mar. 26, 2017 03:30 AM EDT Reads: 3,880
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, provided the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” used open source attack tools that are free and available for download by anybody. Attendees learned where to find and how to operate these tools for the purpose of testing their own IT infrastructure. The...
Mar. 26, 2017 03:30 AM EDT Reads: 7,312