News Releases

Cordoba Minerals Announces the Restart of Pre-Feasibility Study Work at San Matias Project in Colombia

March 23, 2021

Cordoba Minerals Corp. (TSXV:CDB; OTCQB:CDBMF) announced that, following the news release on March 15, 2021 when the Company announced that an Operation was undertaken by the National Police of Colombia against illegal mining activities at El Alacran, the Company it resumed Pre-Feasibility Study work for the Alacran project on March 20, 2021. The Company is currently operating three (3) drill rigs and a fourth drill rig is expected to resume work following maintenance later this week. Both police and military personnel are present with the Company’s employees and contractors.

“The intervention by the Colombian authorities was in response to illegal gold mining activities being undertaken by a group of individuals on Cordoba´s title, with associated significant environmental damage and use of harmful chemicals such as mercury,” stated Eric Finlayson, President and Chief Executive Officer of Cordoba. “The intervention was a direct result of the National Government’s initiative to eliminate illegal mining, through which there have been several similar interventions recently in other parts of the country.”

“We expect that the current Operation by the Colombian authorities will result in increased security and governmental control in the region, which along with Cordoba´s program for social development and environmental management, will advance the process of permitting, constructing and operating a mine at the Company’s Alacran project,” added Mr. Finlayson. “It is a strong demonstration of support by the authorities for what is recognized by the Government as a project of national interest.”

The Company, as always, is fully cooperating with the authorities, acting in compliance with Colombian law and operating in accordance with international standards. The Company continues to provide support to the communities within the area of impact of the Alacran project. Additionally, extra precautions have been taken to ensure the safety of all Company employees and contractors following the Operation.

Please visit the Cordoba Minerals website for more information.


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