VANCOUVER — It’s early days for Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) at the San Matias copper-gold property 200 km north of Medellin, Colombia, but there’s already excitement building around its discovery prospects. The company has demonstrated enough grade potential across the 260 sq. km land package to solidify a joint venture with mine-finder Robert Friedland’s private exploration vehicle, High Power Exploration (HPX), and on Jan. 5 it released a maiden resource on the Alacran deposit.
The resource estimation incorporates drilling through October 2016, totalling 76 diamond drill holes over 20,200 metres and including 11,230 metres drilled by Ashmont Resources in 2011 and 2012.
The copper-gold mineralization at Alacran consists of chalcopyrite-pyrrhotite-pyrite veins, replacements (including massive sulfides) and disseminations that locally overprint hydrothermal magnetite-rich zones most strongly developed near intrusion contacts.
Read the entire story at The Northern Miner.