Cordoba Minerals Receives Key Exploration Concession Over The
Montiel Porphyry Copper-Gold Target In Colombia
VANCOUVER, Oct. 22, 2012 /PRNewswire/ - Cordoba Minerals
Corp. ("Cordoba" or the "Company") (TSX-V:CDB) and Minatura
International LLC are pleased to announce that the key exploration
concession over the Montiel copper-gold porphyry target has been
granted on the Company's Cordoba Project in northern Colombia. Highly encouraging copper and gold
values have been returned from trenching at the Montiel target, and
a phase one diamond drill program has been designed for the
project.
The project consists of 25,790 hectares of land
in 16 concessions, covering a poorly exposed volcanic/intrusive
complex, situated along an inferred northern extension of the
highly prospective Cauca Gold Belt. A total of roughly 10,650
hectares have been granted to date, including the latest 290
hectare LEQ-15161 concession, located over the most advanced
porphyry copper-gold target, which is exposed in artisanal workings
at the Montiel site. Now that the key concession has been granted,
Cordoba is moving forward with the water permits required for the
drill program, and management anticipates that drilling may
commence as early as mid-November.
Trenching recently completed over the shallow
open pit workings at Montiel has now outlined a zone roughly 300m
north-south and 150m east-west of strongly anomalous gold and
copper values in deeply weathered (saprolitic) rock and soils. A
total of 694 samples were collected over a total of 990 linear
meters of 1-2 meter deep hand trenches, cut along four roughly
north-south sections spaced 50m apart. These samples confirmed
historic trench results and extended the anomalous area
significantly to the north in soils. A map of the results has been
posted to Cordoba's website.
The new trenching returned individual gold
values as high as 11.1 and 22.3 g/t gold over 1m, with more typical
peak values in the 1-2 g/t gold range over broad areas within the
pit exposure. Individual copper values ran as high as 2.7 and 1.7 %
copper over 1m, with more typical peak values of 0.5 % copper in
the pit area. A total of 30 samples ran better than 1 g/t gold, 105
samples ran better than 0.5 g/t gold, and 55 samples ran better
than 0.5 % copper.
Significant trench sample composite values
include those reported below:
Trench |
Zone |
Length (m) |
Gold (g/t) |
Copper (%) |
2 |
Pit Stockwork |
48 |
1.80 |
0.34 |
3 |
Pit Stockwork |
15 |
1.30 |
0.40 |
3 |
Pit Stockwork |
30 |
0.20 |
1.00 |
2 |
Northern Soils |
111 |
0.46 |
0.48 |
An initial diamond drill program has been
designed to define the geometry of the copper and gold bearing
quartz-magnetite stockwork vein system, which is hosted by diorite
porphyry intrusives and/or andesitic volcanics exposed in the
artisanal workings. The drill program will also test apparent
extensions of the vein system below anomalous soil samples to the
north, as well as possible east-west strike extensions outside the
central pit area.
QA/QC
All geochemical analyses were performed by Acme
Labs of Vancouver BC. Samples
collected by Cordoba employees were delivered to Acme's
Bogota, Colombia prep facility for
initial crushing and splitting, and the geochemical analyses were
conducted in Acme's Vancouver
laboratory. Gold analyses were conducted by Fire Assay with an
ICP-ES finish, and copper was analyzed by aqua regia digestion with
an ICP-MS finish. Cordoba has a rigorous Quality Assurance and
Control (QA-QC) program in place, inserting blanks, standards and
duplicates into the sample stream to insure accuracy of
results.
Qualified Person
Cordoba's President, Peter Thiersch, M.Sc. P.Geo. (APEGBC), is the
Company's Qualified Person in accordance with NI 43-101, and is
responsible for the Company's work programs and the accuracy of
this news release.
About Cordoba Minerals
Cordoba Minerals Corp. is a Vancouver-based mineral exploration company
focused on the acquisition and exploration of copper and gold
projects in Colombia. The Company
currently owns 11% of the Cordoba project, and has an option to
earn 51% from Minatura International. The Company is also actively
pursuing additional acquisitions in Colombia. Please visit
www.cordobamineralscorp.com for further information.
About Minatura International
Minatura International LLC is a privately held
company engaged in the exploration, development and extraction of
precious and base metals in Colombia, Ghana, Sierra
Leone and Senegal, and
holds over 450,000 hectares of alluvial and hard rock mining claims
in these countries. Please visit www.minatura.com for additional
information.
ON BEHALF OF THE BOARD,
"Peter Thiersch"
Peter Thiersch, President
Cordoba Minerals Corp.
Symbol: TSX-V:CDB
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 Statement
Some of the statements in this news release contain
forward-looking information that involves inherent risk and
uncertainty affecting the business of the Company. Actual
results may differ materially from those currently anticipated in
such statement.
SOURCE Cordoba Minerals Corp.