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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (537)2/15/2013 9:28:35 AM
From: Goose94Read Replies (2) of 202883
 
Cordoba Minerals (CDB-V) 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 about 100 line kilometres of data acquisition, covering roughly 10 square kilometres 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 financed 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.
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