Cordoba Minerals Provides an Update on its San Matias Project in Colombia
Cordoba Minerals Provides an Update on its
San Matias Project in Colombia
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2021) -
Cordoba Minerals Corp. (TSXV:
CDB) (OTCQB: CDBMF)
("Cordoba" or the "Company") has been informed of an operation carried out
by the Colombian National Police in Colombia to shut down illegal gold mining activities and to improve
regional security at El Alacran mine in Puerto Libertador, Cordoba.
The Colombian National Police have made an official statement in respect of the operation stating that
this was part of a national initiative against illegal mining and in particular the illegal group Clan de Golfo,
who fund their operations through illegal mining undertaken by communities in this part of the country.
The Colombian National Police and Police against Illegal Mining act independently and take actions they
consider necessary to maintain public order in the country.
No Cordoba personnel were on site during the operation, and the Company is now liaising with the
Colombian authorities to determine when it can re-commence Pre-Feasibility Study drilling.
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; and the timing of completion of the Pre-Feasibility
Study. 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/77350