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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (3361)	11/22/2013 2:46:54 AM
From: Goose94	Read Replies (1) \| Respond to of 203330

Cordoba Minerals (CDB-V). Cordoba is in the process of acquiring full ownership of San Matias by buying stakes from several companies and taking over privately-held Sabre Metals. All intercepts started within 5 metres of surface. "Such exceptional high-grade copper-gold drill results in a newly discovered porphyry system bode well for our major drill program that will commence upon completion of the merger, expected in early 2014," said Simon Ridgway, Cordoba's CEO. "This short drill program has confirmed that exceptional copper-gold grades continue to depth and are not just a product of surface enrichment in a tropical environment." Montiel was chosen as the first drill target at San Matian because trenching and channel sampling outlined a zone of mineralization stretched out along 1 km of east-west strike. The best trenching results include 30 metres of 1% copper and 0.2 gram gold; the best channel sample returned 154 metres averaging 1.6% copper and 2.6 grams gold. The copper and gold mineralization at Montiel is hosted in a diorite porphyry with strong potassic alteration. Within the porphyry Cordoba noted that zones of intense sheeted quartz veining often replace more than 90% of the intrusive host rock. That is "very encouraging", as is the fact that copper-gold mineralization was encountered in both oxide and sulphide zones. The San Matias project is in northwest Colombia's Cordoba Department , on the inferred northern extension of the prolific Mid-Cauca gold belt. Based on mapping, soil sampling, trenching, geophysics, and artisanal workings, Cordoba has identified several porphyry copper-gold targets along a 13 km trend. Cordoba has spent the last two-plus years working to consolidate the 258-sq. km property under a single owner. The effort, which involved property deals with several companies, a takeover, and a one-for-two share consolidation, is almost complete. Cordoba now just needs to obtain shareholder approvals for the moves and raise at least $3 million.