Cordoba Defines New Copper-Gold Porphyry Target and Receives Drill
Permits at Cordoba Project in Colombia
VANCOUVER, Feb. 7, 2013 /PRNewswire/ - Cordoba Minerals
Corp. ("Cordoba" or the "Company") (TSXV: CDB) and Minatura
International LLC ("Minatura") are pleased to announce that ongoing
soil sampling has identified a significant new copper-gold anomaly,
which is currently being trenched and potentially constitutes a
second drill target for the Cordoba project. The Company is also
pleased to report that water use permits, required for drilling at
the main Montiel copper-gold porphyry target, have been
granted.
The new soil geochemical anomaly is located in
the Costa Azul area, some 2400m south of the main Montiel target.
It currently extends over an area of 300 by 400 meters east-west,
and consists of gold values in the 100 to 400 ppb range, and copper
values in the 200 to 1450 ppm range. Samples were collected from 50
meter stations on 100m spaced grid lines.
Follow up prospecting has identified felsic
intrusive rocks cut by quartz-magnetite veinlets and carrying
disseminated pyrite, chalcopyrite and bornite, in both float and
subcrop, over the general area and extending some 300m west of the
existing anomaly. Additional soil sampling has been completed to
the west and sample results are pending.
A detailed trench sampling program has started
on the new anomaly, with initial trench exposures confirming
mineralized and veined porphyry host rocks, apparently oriented
along an east-west structural trend. Trench mapping is ongoing,
samples are being submitted for multi-element analysis and results
will be reported as soon as they have been received and
interpreted.
Cordoba's President, Peter Thiersch, states: "It's early days, as we
have no assays yet, but based on our preliminary observations, we
may have discovered a significant new drill target at Costa Azul.
The fact that we have exposed some sort of mineralized porphyry
intrusive in trenches is important in itself."
A drill program has been designed for the main
Montiel target and water use permits for this area have been
received. Additional water permits are required for the new Costa
Azul target, and these permits have been applied for.
In preparation for drilling, the Company has
hired a geophysical contractor to conduct a detailed ground-based
magnetic geophysical survey to help define any structural or
lithologic controls on mineralization. The survey will commence in
February and consist of some 100 line kilometers of data
acquisition, covering roughly 10 square kilometers of ground over
the Montiel and Costa Azul drill targets, and several other
prospective areas as well.
The Company is highly encouraged by the results
to date at the Montiel and Costa Azul targets. A significant
financing was recently completed and the Company is fully funded
for the anticipated 2013 work program and required spending
commitments under the option agreement with Minatura. Drilling is
expected to commence in April, subject to successful completion of
the magnetic survey and receipt of the additional water
permits.
Qualified Person
Cordoba's President, Peter Thiersch, M.Sc., P.Geo. (APEGBC), is the
Company's Qualified Person in accordance with NI 43-101, and is
responsible for the Company's work programs and the accuracy of
this news release.
About Cordoba Minerals
Cordoba Minerals Corp. is a Vancouver-based mineral exploration company
focused on the acquisition and exploration of copper and gold
projects in Colombia. The Company
currently owns 11% of the Cordoba project, and has an option to
earn 51% from Minatura International. The Company is also actively
pursuing additional acquisitions in Colombia. Please visit
www.cordobamineralscorp.com for further information.
About Minatura International
Minatura International LLC is a privately held
company engaged in the exploration, development and extraction of
precious and base metals in Colombia, Ghana, Sierra
Leone and Senegal, and
holds over 450,000 hectares of alluvial and hard rock mining claims
in these countries. Please visit www.minatura.com for additional
information.
ON BEHALF OF THE BOARD,
"Peter
Thiersch"
Peter Thiersch, President
Cordoba Minerals Corp.
Symbol: TSX-V:CDB
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this release.
Forward-Looking Statement
Some of the statements in this news release contain
forward-looking information that involves inherent risk and
uncertainty affecting the business of the Company.
Actual results may differ materially from those currently
anticipated in such statement.
SOURCE Cordoba Minerals Corp.