Categories: Base Metals / General Market Commentary / Precious Metals
Topics: General Base Metals / General Market Commentary / General Precious Metals

Discovery Alert: Cordoba Hits Spectacular Hole

                                                   Discovery Alert:  Cordoba Hits Spectacular Hole

This morning Cordoba Minerals and its joint-venture partner, High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland's Ivanhoe Industries, put the market on notice with an absolute monster of a hole.

Cordoba Minerals hit 4,440 g/t Gold, 10.25% Copper, 24.7% Zinc and 347 g/t Silver Over 0.9 meters in what the company is calling a new discovery.

Additional highlights include:


-- ACD036:
-- 0.90 meters (m) @ 4,440 g/t gold (Au) + 10.25% copper (Cu) + 24.70% zinc (Zn) + 347 g/t silver (Ag)

Part of


-- 5.00 m @ 800.90 g/t Au + 3.70% Cu + 8.60% Zn + 88.63 g/t Ag
-- 136.00 m @ 1.00% Cu + 0.56 g/t Au (cut*)


Mario Stifano, President and CEO of Cordoba, commented:

 "We are excited by the discovery of bonanza grade gold in CBM veins as this new style of mineralization adds another significant exploration front to potentially increase the size and scope of mineralization at Alacran. 

We are still in the very early stages of our aggressive exploration program at our district scale San Matias copper-gold project, but our best in class exploration team and HPX's proprietary Typhoon technology, reminds us that anywhere, anytime, there is potential for a significant discovery at San Matias.”

Drilling at Alacran will now focus on testing the up-dip eastern extensions of the deposit, the extent of the newly discovered CBM veins including structural controls and the potential source for the mineralization at Alacran.

Shares are up 15% in early trading. 

I’ll be speaking with company President & CEO Mario Stifano tomorrow to get his comments on the new discovery and an update on drilling at the district-scale San Matias project.