News Releases

Cordoba Minerals Announces Restart of Pre-Feasibility Study Work at Alacran Copper-Gold-Silver Deposit in Colombia

November 30, 2020

Cordoba Minerals Corp. (TSXV:CDB; OTCQB:CDBMF) announced that fieldwork has recommenced at its 100%-owned Alacran Copper-Gold-Silver Project in Colombia (refer to Cordoba’s news release dated January 2, 2020) following relaxation of COVID-19 restrictions in the country and expiry of the Alacran title force majeure declared on May 24, 2020.

Fieldwork is focused on obtaining the technical information needed to complete the Environmental Impact Assessment (“EIA”) and the Mining Technical Work Plan (Programa de Trabajo y Obras or “PTO”) required to secure the necessary Colombian mining approvals for the Alacran Deposit. This work will also allow the completion of a Pre-Feasibility Study (“PFS”) in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The EIA, PTO and PFS are all scheduled for completion in Q4 2021 (see Figure 1).

Figure 1: Targeted milestones at Alacran and Perseverance.

Three diamond drill rigs are currently mobilizing to the Alacran site. Two drill rigs will initially provide drill core samples for metallurgical and geotechnical testing, while the third rig will focus on drilling holes for ground water testing. In addition, Acid Rock Drainage (“ARD”) testing of the Alacran ore body and host stratigraphy has begun. Environmental monitoring and sampling in and around the Project’s area of influence remains ongoing.

The Company, along with its internal and external security advisors, have been working in cooperation with the national police and military in preparation for the mobilization and recommencement of activity on the Alacran title. The Company will have the presence and support of the national police and military for the duration of the work program.

At the Perseverance Copper Project in Arizona, USA, Cordoba is evaluating its options to continue the magneto-telluric (“MT”) survey suspended in March 2020 due to COVID-19.

Please see Cordoba’s news release for full details.

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