HPX joint venture partner Cordoba Minerals (TSX-V: CDB) has released new drill data that confirms a significant copper-gold discovery at the Alacran Project with 111 m of 1.01% copper and 0.38 g/t gold.
For more details please see: http://bit.ly/April2016Cordoba.
The San Matias Project (Alacran) is a joint venture between Cordoba and HPX. HPX has entered Phase One of the Joint Venture Agreement whereby HPX can earn a 25% interest in the San Matias Project by spending C$6 million. In Phase Two of the Agreement, HPX can earn a 51% interest in the San Matias Project by spending an additional C$10.5 million and can earn up to a 65% interest in the project by carrying it to feasibility.