|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.
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Apr. 29, 2016 05:45 AM EDT Reads: 2,390
SYS-CON Events announced today TMCnet has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business-to-business and integrated marketing media company, servicing niche markets within the com...
Apr. 29, 2016 04:45 AM EDT Reads: 2,339
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
Apr. 29, 2016 03:45 AM EDT Reads: 1,635
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Apr. 28, 2016 09:45 PM EDT Reads: 361
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Apr. 28, 2016 08:45 PM EDT Reads: 1,720
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
Apr. 28, 2016 07:30 PM EDT Reads: 1,763
New Relic, Inc. has announced a set of new features across the New Relic Software Analytics Cloud that offer IT operations teams increased visibility, and the ability to diagnose and resolve performance problems quickly. The new features further IT operations teams’ ability to leverage data and analytics, as well as drive collaboration and a common, shared understanding between teams. Software teams are under pressure to resolve performance issues quickly and improve availability, as the comple...
Apr. 28, 2016 07:15 PM EDT Reads: 2,368
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
Apr. 28, 2016 07:00 PM EDT Reads: 1,465
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Apr. 28, 2016 05:30 PM EDT Reads: 821
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Apr. 28, 2016 05:00 PM EDT Reads: 991
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
Apr. 28, 2016 04:45 PM EDT Reads: 1,726
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
Apr. 28, 2016 04:30 PM EDT Reads: 1,618
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, will draw upon their own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He will also discuss the implementation of microservices in data and applicat...
Apr. 28, 2016 04:00 PM EDT Reads: 1,639
Based on the open source Cloud Foundry technology, IBM Bluemix is an open-standard, cloud-based platform for building, managing, and running applications of all types such as web, mobile, Big Data, and new smart devices. Bluemix abstracts and hides most of the complexities that are associated with hosting and managing cloud-based applications. As an application developer, you can focus on developing your application without having to manage the infrastructure that is required to host it. For mob...
Apr. 28, 2016 04:00 PM EDT Reads: 937