Mr. Peter Thiersch reports
CORDOBA DEFINES NEW COPPER-GOLD PORPHYRY TARGET AND RECEIVES DRILL PERMITS AT CORDOBA PROJECT IN COLOMBIA
Cordoba Minerals Corp. and Minatura International LLC's continuing soil sampling has identified a
significant new copper-gold anomaly, which is currently being trenched
and potentially constitutes a second drill target for the Cordoba
project. The company is also pleased to report that water use permits,
required for drilling at the main Montiel copper-gold porphyry target,
have been granted.
The new soil geochemical anomaly is located in the Costa Azul area, about
2,400 metres south of the main Montiel target. It currently extends over an
area of 300 metres by 400 metres east-west and consists of gold values in the
100-part-per-billion to 400-part-per-billion range and copper values in the 200-part-per-million to 1,450-part-per-million range.
Samples were collected from 50-metre stations on 100-metre-spaced grid
lines.
Follow-up prospecting has identified felsic intrusive rocks cut by
quartz-magnetite veinlets and carrying disseminated pyrite,
chalcopyrite and bornite, in both float and subcrop, over the general
area and extending about 300 metres west of the existing anomaly. Additional
soil sampling has been completed to the west, and sample results are
pending.
A detailed trench sampling program has started on the new anomaly, with
initial trench exposures confirming mineralized and veined porphyry
host rocks, apparently oriented along an east-west structural trend.
Trench mapping is continuing, samples are being submitted for
multielement analysis, and results will be reported as soon as they
have been received and interpreted.
Cordoba's president, Peter Thiersch, states: "It's early days, as we
have no assays yet, but based on our preliminary observations, we may
have discovered a significant new drill target at Costa Azul. The fact
that we have exposed some sort of mineralized porphyry intrusive in
trenches is important in itself."
A drill program has been designed for the main Montiel target and water
use permits for this area have been received. Additional water permits
are required for the new Costa Azul target, and these permits have been
applied for.
In preparation for drilling, the company has hired a geophysical
contractor to conduct a detailed ground-based magnetic geophysical
survey to help define any structural or lithologic controls on
mineralization. The survey will commence in February and consist of
about 100 line kilometres of data acquisition, covering roughly 10
square kilometres of ground over the Montiel and Costa Azul drill
targets and several other prospective areas as well.
The company is highly encouraged by the results to date at the Montiel
and Costa Azul targets. A significant financing was recently completed,
and the company is fully financed for the anticipated 2013 work program
and required spending commitments under the option agreement with
Minatura. Drilling is expected to commence in April, subject to
successful completion of the magnetic survey and receipt of the
additional water permits.
Qualified person
Cordoba's president, Peter Thiersch, MSc, PGeo (APEGBC), is the
company's qualified person in accordance with National Instrument 43-101 and is
responsible for the company's work programs and the accuracy of this
news release.
We seek Safe Harbor.
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