| Announcement Date: | 2022-12-05 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Cordoba Minerals Corp. |
| Project name: | San Matias |
| Location: | Colombia |
| Commodities: | Gold,Silver,Copper |
| Highlight: | Drilling results incl. 150.60m at 0.72% Cu, 0.27g/t Au, 5.27g/t Ag, from 40.45m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, CANADA – 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 additional assay results received from the ongoing initial in-fill drilling program at the 100%-owned San Matias Copper-Gold-Silver Project. Highlights: Significant intercepts returned from the additional drill holes include (Table 1): • ACD133 – 150.60 metres (“m”) from 40.45 m to 191.05 m with 0.72% copper (“Cu”), 0.27 g/t gold (“Au”) and 5.27 g/t silver (“Ag”), or 0.86% copper equivalent1 (“CuEq”), including: – 44.38 m from 46.33 m to 90.71 m with 1.48% Cu, 0.62 g/t Au and 11.23 g/t Ag, or 1.81% CuEq1, – 16.00 m from 114.00 m to 130.00 m with 0.87% Cu, 0.41 g/t Au and 4.56 g/t Ag, or 1.09% CuEq1. Assay results continue to demonstrate high-grade copper-gold mineralization within the Alacran Deposit and confirm the strong correlation with the PreFeasibility Study (“PFS”) block model. “As our initial drill program is nearing completion, I’m delighted that the assay results continue to confirm the PFS block model, and highlight the quality of the project,” commented Ms. Sarah Armstrong-Montoya, President and CEO of 2 Cordoba. “In addition, our teams are advancing the Feasibility Study technical program, Environmental Impact Assessment permitting, and community engagement activities to move the project forward to the next milestone.” Assay results confirm the correlation with the PFS block model. To date, Cordoba has completed 25,929 m in 127 diamond drill holes of the initial in-fill drilling campaign (Figure 1). Assay results continue to demonstrate highgrade copper-gold mineralization within the core of the Alacran Deposit and confirm the strong correlation with the PFS block model. Drill hole ACD133 shows a strong correlation with the PFS block model by intersecting 150.60 m of the tuffs and carbonaceous mudstone beds of “Unit 2” of the Alacran Deposit from 40.45 m to 191.05 m (Figure 2), with highly enriched grades of copper, gold and silver that correlate well with the local block model (Figure 3). Much of this shallow high-grade material starts within 30 m to 40 m of the surface. Drill hole ACD147 returned 36.28 m of 1.40% CuEq1 between 79.72 m and 116.00 m of a tuff bed within “Unit 2”, which has been partially replaced by semi-massive sulfide comprising pyrite, chalcopyrite and pyrrhotite (Figure 4). These assay results will be included in the next mineral resource model update after the completion of the current drilling program. The ongoing Feasibility Study will determine the potential for early access to the shallow high-grade zones. The initial drilling program is nearing completion and will be transitioning to focus on the peripheral in-fill areas of the Alacran Deposit to estimate the life of mine average grade of the deposit. |
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