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https://www.newsfilecorp.com/release/36382/Cordoba-Minerals-Provides-San-Matias-Exploration-Update
Cordoba Minerals Provides San Matias Exploration Update
Detailed Alacran Area Review Defines New Exploration Targets Previously Un-Explored Targets Outlined at Alacran Deposit and "Way Out West" Anomaly Toronto, Ontario--(Newsfile Corp. - August 8, 2018) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQX: CDBMF) ("Cordoba" or the "Company") today provided an update on recent activities at its 100%-owned San Matias Copper-Gold Project in Colombia. Detailed project work comprising "boots on the ground" on a district-scale across the northwestern-end of the San Matias Project, re-logging of Alacran drill core, and analysis of trace element zoning patterns has outlined two previously unexplored areas that are hypothesized to be potential sources of mineralizing fluids.
Highlights
- One possible centre of mineralization is related to a massive body of mineralized breccia exposed at the centre of the current artisanal hard rock mining pit, which is at the edge of the Alacran town. Ninety metres below the pit floor ACD036 encountered 4,440 g/t gold, 10.25% copper, 24.7% zinc and 347 g/t silver over 0.9 metres in an overall intercept of 136.0 metres grading 1.00% copper and 0.56 g/t gold (all assays used for intercept calculations were capped at 10% copper, 10 g/t gold, 10% copper equivalent; previously reported on January 23, 2017). Re-logging of the surrounding Alacran drill core identified dikes, quartz veining and breccias that are believed to be related to the breccia body, which dip to the west into a covered area west of Alacran town. These structures may provide a vector to aid in exploration of this area.
- Approximately 270 metres beneath the Alacran Deposit is a low-angle fault that truncates mineralization. Matching of dikes across the fault suggests Alacran mineralization has been displaced up and to the east away from a postulated source of breccia bodies, dikes and veins.
- Analysis of Alacran drill data has outlined internal metal zoning patterns within the deposit that show an increase in copper, silver, zinc and sulphur values toward the north. These are the same elements encountered by the ACD036 intercept. Following the direction of increasing values to the north beyond the limit of Alacran drilling, historical soil sampling data has outlined an area of 2.5 x 3 km with anomalous silver values.
- In the Montiel area, west-northwest-trending structures, pyrite-chalcopyrite veins and shallow-dipping quartz veins trend westerly toward the area of anomalous silver soil values described in the previous bullet. The anomaly, named "Way Out West" for its location relative to Montiel, appears to coincide with the intersection of the projected Montiel structures and the projected northerly trend of increasing metal values at Alacran.
- The "Way Out West" anomaly is at the intersection of two significant geological trends, which has led Cordoba's geologists to hypothesize that this area could represent another source of mineralizing fluids in the San Matias District.
"Our understanding of Alacran and the northern part of our San Matias District is continuing to evolve, highlighting significant potential for additional discoveries," commented Mario Stifano, President and CEO of Cordoba Minerals. "Our geological team has been working tirelessly to identify potential new mineralizing sources for the Alacran Deposit and Montiel, opening the door to discovery and resource expansion."
Current exploration is focused on re-logging Alacran drill core to outline breccia bodies, dikes and veining to define drilling targets west of Alacran based on fault offsets across the low-angle fault that underlies the area. Cordoba's geologists also are looking at trace element zoning patterns in combination with geology, alteration and structural data. Significant gold in streams has been identified west of Alacran in the area of interest.
In addition, at the "Way Out West" anomaly, panning of stream sediments combined with soil sampling of saprock and BLEG (Bulk Leach Extractable Gold) sampling are being used to further explore anomalous drainages. This work has returned encouraging results that will be used to define drilling targets to test for another source of mineralizing fluids.
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