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Sabre completes phase one drill program at San Matias porphyry Cu-Au target
Vancouver, September 23, 2013: Cordoba Minerals Corp. (TSX V:CDB) (the "Company") is pleased to report that Sabre Metals Inc. ("Sabre") has informed the Company that a short phase one diamond drilling program, of approximately 575 meters in 4 holes, has been successfully completed on the adjacent San Matias property. This preliminary program was designed to test the 3rd dimension below shallow artisanal open pit workings at San Matias, in preparation for a larger follow-up program in early 2014.
Drilling was successful in intersecting both sheeted vein and porphyry style mineralization, consisting of intrusive hosted disseminated and veinlet chalcopyrite-pyrite, plus wide zones of sheeted quartz-magnetite-chalcopyrite veining, hosted by at least 2 intrusive phases.
Core logging and splitting is ongoing, and initial assay results are expected by the end of October 2013. 3D modelling will be conducted in conjunction with additional structural mapping in the open pit exposure, and detailed interpretation of surface soil and trench geochemistry, to aid in subsequent targeting of deeper follow-up drilling anticipated in early 2014, following closing of the acquisition of Sabre by the Company.
The Cordoba and San Matias properties consist of various mining concessions and applications covering approximately 24,790 hectares and 1,465 hectares, respectively. Copper-gold mineralization occurs in both porphyry intrusive and volcanic rocks, associated with sheeted quartz-magnetite veining and alteration styles indicative of a highly prospective porphyry environment.
The Company's Montiel prospect is located some 800 metres west of the San Matias artisanal open-pit operation, and magnetic surveys suggest that the two intrusive bodies may be connected at depth. Significant trench results obtained by the Company to date include 30 m of 0.7 g/t gold and 0.8 per cent copper at Montiel, and 30 m of 0.47 g/t gold and 0.47 per cent copper at Costa Azul, from saprolitic rocks near surface. Sabre's channel sampling at San Matias returned 154 m of 2.6 g/t gold and 1.6 per cent copper from bedrock exposures in the walls of the open pit.
About Sabre Metals
Sabre Metals Inc. is a privately held company backed by Continental Gold Limited and Grupo de Bullet SA with exploration assets in the department of Cordoba, Colombia. The company's management team has extensive experience in exploring, financing and developing precious and base metal properties.
About Cordoba Minerals
Cordoba Minerals Corp. is a Vancouver-based mineral exploration company focused on the acquisition and exploration of copper and gold projects in Colombia. The Company currently owns 11% of the Cordoba Property, and has signed agreements (subject to Exchange approval) to acquire the remaining 89% interest, plus a 100% interest in the adjacent San Matias Property. Please visit www.cordobamineralscorp.com for further information.
Geochemical analyses for both the Company and Sabre were performed independently by Acme Labs of Vancouver BC. Samples collected by each company were delivered separately to Acme's Medellin, Colombia prep facility for initial crushing and splitting, and the geochemical analyses were conducted in Acme's Vancouver laboratory. For the Company, gold analyses were conducted by Fire Assay with an ICPES finish, and copper was analyzed by Aqua Regia digestion with an ICP-MS finish. For Sabre, gold analyses were conducted by Fire Assay with an ICP-ES finish, and copper was analyzed by 4 Acid Digest with ICP-MS finish. Both Sabre and the Company have a rigorous Quality Assurance and Control (QA-QC) program in place with blanks, duplicates and certified reference standards inserted into the sample stream to monitor laboratory performance.
The Company's President, Peter Thiersch, M.Sc., P.Geo. (APEGBC), is the Company's Qualified Person in accordance with NI 43-101, and has reviewed and approved the technical content of this release.
ON BEHALF OF THE BOARD
Cordoba Minerals Corp.
This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the completion of the acquisition of the Cordoba and San Matias Properties, and the expected benefits or potential of such properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.