News Releases

Cordoba Minerals Provides an Update on Exploration Activities at the San Matias Copper-Gold Project in Colombia

April 8, 2019

HPX majority-owned subsidiary Cordoba Minerals (TSX-V:CDB; OTCQX:CDBMF) provided an update on exploration activities in Colombia and details of a planned diamond drilling program at the Alacran copper-gold deposit, located within the 100%-owned San Matias copper-gold project.

Highlights

  • Following an extensive fieldwork program, Cordoba has prioritized two exploration targets at Alacran to be tested with an initial 1,000-metre diamond drill program: 1) the potential underlying, copper-gold porphyry source of the Alacran deposit (the “Alacran Porphyry Target”); and 2) the possible northern extension of the Alacran deposit (the “Alacran Northern Extension Target”). Based on the results obtained, the drill program may be increased to 2,000 metres.
  • Cordoba has identified two late-mineral intrusive breccia phases at Alacran which truncate and rework the deposit (refer to Cordoba’s October 30, 2018 news release). Notably, the dacitic breccia phase contains clasts of porphyry-style mineralization with potassic alteration – a potential indication of an underlying porphyry source. Cordoba will test the Alacran Porphyry Target with one deep drill hole (refer to collar #1 in Figure 1).
  • The second planned hole will target the Alacran Northern Extension Target (refer to collar #2 in Figure 1). This target is defined by extensive soil and stream sediment geochemical anomalies, specifically elevated levels of copper, gold, silver, molybdenum, zinc, tungsten and indium, which are key pathfinder metals in the district.
  • Cordoba plans to continue with its ongoing fieldwork at the Willian target, located approximately six kilometres south of the Alacran Deposit, where the company has identified outcrops of hydrothermally altered and mineralized Alacran-equivalent host rocks containing copper minerals such as chalcopyrite, malachite and native copper. There also is float of heavily-altered intrusive rocks.

For more information please see Cordoba’s news release.

igure 1: Map showing the two planned drill holes (red dots) at Alacran.

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