VANCOUVER (miningweekly.com) – Colombia-focused junior explorer Cordoba Minerals has encountered high-grade copper-gold mineralisation outside of the current resource shell, demonstrating significant potential to expand the current resource estimate.
The company reported on Tuesday that ongoing drilling at the San Matias project – over 900 m of strike length within the central and southern parts of the Alacran deposit – has indicated that previous drilling in the southern-most part of the property was collared too far west and that the copper/gold deposit is offset to the east by post-mineralisation faulting.
This indicates potential for undrilled strike extensions of almost 500 m, the company announced.
TSX-V-listed Cordoba, with its joint venture partner, High Power Exploration, a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland’s Ivanhoe Industries, said that eight drill holes completed at the Alacran deposit focused on continuity of copper/gold mineralisation in central parts of the deposit and tested southern extensions of the Alacran trend, where post-mineral faulting had been interpreted to have offset copper/gold mineralisation to the east.
Among the highlights were Hole ACD060, which returned 42 m grading 0.92% copper and 0.23 g/t gold (or 1.1% copper-equivalent, from 18 m); ACD063, which returned 30 m grading 0.66% copper and 0.69 g/t gold (for 1.18% copper-equivalent, from 78 m); and ACD064, which returned 48 m grading 1.7% copper and 0.79 g/t gold (for 2.3% copper-equivalent, from 51 m).
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