HPX majority-owned subsidiary Cordoba Minerals Corp. (TSX-V:CDB; OTCQX:CDBMF) is pleased to provide an update on 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).
“We are very encouraged by the initial observations of the K-20 drill core, which was a significant step-out hole from prior drilling into an area with no geophysical data. We fully believe we are on the trail of a major copper deposit at Perseverance,” commented Mario Stifano, President and CEO of Cordoba Minerals. “The chalcopyrite, bornite and chalcocite identified in the drill core, along with other minerals, suggest the porphyry target has potential for a hypogene enrichment zone with higher-than-average copper grades. Looking ahead, we plan to utilize the full resources of our majority shareholder, HPX, and will bring their proprietary Typhoon technology to site.”
Next Steps: Typhoon™ Survey to Direct Future Drilling
Cordoba will bring the HPX proprietary Typhoon™ technology to site, to help extend geophysical coverage and image to greater depths than previous surveys.
For more information please see Cordoba’s news release.