HPX majority-owned subsidiary Cordoba Minerals Corp. (TSX-V:CDB; OTCQX:CDBMF) is pleased to announce the restart of diamond drilling activity at the Perseverance porphyry copper project, located in northwestern Arizona, USA. The Perseverance project is under a Joint Venture with Bell Copper Corporation (TSXV: BCU).
Cordoba previously announced that diamond drill hole K-20 was halted at a depth of approximately 1,045 metres pending further geological review (refer to Cordoba’s news release dated January 21, 2019). However, after detailed discussions between geologists at Cordoba, Bell Copper and High Power Exploration Inc. (“HPX”), the Company has decided to further extend K-20 to a target depth of approximately 1,250 to 1,400 metres.
K-20 is believed to be located at the edge of the porphyry copper system, as indicated by a deep resistivity low located by a Magneto-Telluric (“MT”) survey completed by a previous joint venture partner with Bell Copper in 2017. Deepening the hole may be able to explain the source of the low resistivity anomaly that appears to lie below and to the SE of the current bottom of K-20.
For more information please see Cordoba’s news release.