- Cordoba Minerals (CDB) completed a total of 2,152.7 metres of diamond drilling within four holes focused on the suspected buried Alacran Porphyry Target and two holes within the Alacran Northern Extension Target
- Mineralization within drill holes ACD094, ACD096, and ACD096A confirm the continuation and down dip edge of the Alacran mineralization, which provided additional support for the mineral resource
- Mineralized porphyry clasts seen so far are xenoliths located in a late mineral dacite intrusion (dacite breccia) which has at least some evidence for phreatomagmatic activity
- Cordoba Minerals is focused on the exploration, development and acquisition of copper and gold projects in Colombia and the United States
- Cordoba Minerals (CDB) opened trading at C$0.640
Cordoba Minerals (CDB) released diamond drilling results from its San Matias Copper-Gold-Silver Project in Colombia.
Cordoba completed a total of 2,152.7 metres of diamond drilling within four holes focused on the suspected buried Alacran Porphyry Target and two holes within the Alacran Northern Extension Target.
Mineralization within drill holes ACD094, ACD096 and ACD096A was consistent with the mineral resource block model.
Figure 1: Map showing the completed drill holes (black squares) at the Alacran Porphyry and the Alacran Northern Extension Targets.
ACD094 – intersected 1.11% copper (Cu) and 0.19 g/t gold (Au) and 12.35 g/t silver (Ag) over 27.35 m (1.21% copper equivalent (CuEq)).
The company said that these drill holes did confirm the continuation and down dip edge of the Alacran mineralization, which provided additional support for the mineral resource; however, the deeper source of the porphyry clasts seen in the previous drilling could not be located.
Figure 2: Alacran Porphyry Target section view on ACD084A
ACD084A sampled the dacitic breccia with occasional unmineralized porphyry clasts down to around 200 m below the collar, when it entered unmineralized unit 2 mudstones.
Figure 3: Alacran Porphyry Target section view on ACD094
ACD094 was collared in the Alacran village and drilled down dip of the ore body to determine whether the dacitic breccia truncated the Alacran deposit stratigraphy.
Figure 4: Alacran Porphyry Target section view on ACD096
ACD096 was then drilled approximately normal to the Alacran deposit stratigraphy to test whether any alteration related to the suspected porphyry could be located below a known high grade part of the deposit.
Sarah Armstrong-Montoya, President, and CEO of Cordoba, commented,
“We have received encouraging assay results from the drill holes to further support the Alacran mineral resource/mineral reserve.”
Cordoba Minerals is focused on the exploration, development and acquisition of copper and gold projects in Colombia and the United States.
Shares of Cordoba Minerals (CDB) opened trading at C$0.60.