Cordoba Minerals Anounces the Restart of Pre-Feasibility Study Work at San Matias Project in Colombia
Cordoba Minerals Anounces the Restart of
Pre-Feasibility Study Work at San Matias
Project in Colombia
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2021) -
Cordoba Minerals Corp. (TSXV:
CDB) (OTCQB: CDBMF)
("Cordoba" or the "Company") announces that following the
news release on
March 15, 2021
when the Company announced that an Operation was undertaken by the National Police
of Colombia against illegal mining activities at El Alacran, the Company advises that on March 20, 2021
it resumed Pre-Feasibility Study work for the Alacran project. The Company is currently operating three
(3) drill rigs and a fourth drill rig is expected to resume work following maintenance later this week. Both
police and military personnel are present with the Company's employees and contractors.
"The intervention by the Colombian authorities was in response to illegal gold mining activities being
undertaken by a group of individuals on Cordoba's title, with associated significant environmental
damage and use of harmful chemicals such as mercury," stated Eric Finlayson, President and Chief
Executive Officer of Cordoba. "The intervention was a direct result of the National Government's initiative
to eliminate illegal mining, through which there have been several similar interventions recently in other
parts of the country."
"We expect that the current Operation by the Colombian authorities will result in increased security and
governmental control in the region, which along with Cordoba's program for social development and
environmental management, will advance the process of permitting, constructing and operating a mine at
the Company's Alacran project," added Mr. Finlayson. "It is a strong demonstration of support by the
authorities for what is recognized by the Government as a project of national interest."
The Company, as always, is fully cooperating with the authorities, acting in compliance with Colombian
law and operating in accordance with international standards. The Company continues to provide
support to the communities within the area of impact of the Alacran project. Additionally, extra
precautions have been taken to ensure the safety of all Company employees and contractors following
the Operation.
About Cordoba
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and
acquisition of copper and gold projects. Cordoba is developing its 100%-owned San Matias Copper-
Gold-Silver Project, which includes the Alacran Deposit and satellite deposits at Montiel East, Montiel
West and Costa Azul, located in the Department of Cordoba, Colombia. Cordoba also holds a 25%
interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint
Venture and Earn-In Agreement. For further information, please visit
www.cordobaminerals.com
.
ON BEHALF OF THE COMPANY
Eric Finlayson, President and Chief Executive Officer
Information Contact
Investor Relations +1-604-689-8765
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the
meaning of Canadian securities legislation. All statements included in this news release, other than
statements of historical fact, are forward-looking statements including, without limitation, statements
with respect to the Pre-Feasibility Study work; the resumption of drilling; the timing of completion of the
Pre-Feasibility Study and future work programs; and that the Operation will result in increased security
and governmental control. Forward-looking statements include predictions, projections and forecasts
and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan",
"estimate", "expect", "potential", "target", "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.
Forward-looking statements are based on a number of assumptions and estimates that, while
considered reasonable by management based on the business and markets in which the Company
operates, are inherently subject to significant operational, economic, and competitive uncertainties,
risks and contingencies. These include assumptions regarding, among other things: general
business and economic conditions; the availability of additional exploration and mineral project
financing; the supply and demand for, inventories of, and the level and volatility of the prices of
metals; relationships with strategic partners; the timing and receipt of governmental permits and
approvals; the timing and receipt of community and landowner approvals; changes in regulations;
political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and
continuity of the Company's mineral deposits; the availability of equipment, skilled labour and
services needed for the exploration and development of mineral properties; currency fluctuations; and
impact of the COVID-19 pandemic.
There can be no assurance that forward-looking statements will prove to be accurate and actual
results, and future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's expectations include
actual exploration results, interpretation of metallurgical characteristics of the mineralization, 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, unknown impact related to
potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness,
and other exploration or other risks detailed herein and from time to time in the filings made by the
Company with securities regulators, including those described under the heading "Risks and
Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to
update or revise any forward-looking statements, except in accordance with applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/78210