Cordoba Minerals Provides an Update on Recent Activities
Cordoba Minerals Provides an Update on
Recent Activities
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2023) - Cordoba Minerals Corp. (TSXV:
CDB) (OTCQB: CDBMF) (otherwise "Cordoba" or the "Company"), today announces that it has
temporarily suspended its Feasibility Study in-fill drilling program and other on-site work at the
Company's San Matias Copper-Gold-Silver Project. The Company has been closely monitoring the
impact of the ongoing public demonstrations on social reformation taking place across Colombia.
Cordoba's primary focus remains the health and safety of all its employees and contractors as well as its
host communities. As such, we have taken action to immediately suspend operations at San Matias.
The Company is now liaising with the local authorities to determine when it may re-commence its camp
activities and Feasibility Study in-fill drilling program. All desk-top work on the Feasibility Study technical
programs for the Alacran Project will continue as usual. The Company expects to resume all work within
the next 7-10 days but in any case will continue monitoring the situation in Colombia and provide
updates accordingly.
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 the 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. The Company has entered into a strategic
arrangement with JCHX Mining Management Co., Ltd., pursuant to which JCHX will acquire 50% of the
Alacran Project and the parties will jointly develop the Project. The Company anticipates the strategic
arrangement will close around the end of the second quarter of 2023, on satisfaction or waiver of all
conditions to completion. Cordoba also holds a 51% 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
Sarah Armstrong-Montoya, President and Chief Executive Officer
Information Contact
Ran Li +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, but not
limited to, statements with respect to operations at San Matias including, but not limited to, the
resumption of operations and provision of updates; the preparation of an updated mineral resource
statement; JCHX transaction; geological interpretations; Feasibility Study; results of the current
exploration and interpretations thereof; mineralization potential; and contemplated drilling and
development programs. Forwardlooking 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 Cordoba
operates, are inherently subject to significant operational, economic, and competitive uncertainties,
risks and contingencies. Such assumptions and estimates include, but are not limited to,
assumptions with respect to the status of community relations and the security situation on site and in
Colombia; general business and economic conditions; continuity of drilling programs; the availability
of additional exploration and mineral project; the supply and demand for, inventories of, and the level
and volatility of the prices of metals; relationships with strategic partners and significant shareholders;
the timing and receipt of governmental permits and approvals; the timing and receipt of community
and landowner approvals; timing and receipt of applicable approvals for the JCHX transaction;
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, continuity of drilling programs, 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, uncertainties relating to epidemics, pandemics and other public health crises, including
COVID-19 or similar such viruses, 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. Readers are cautioned not to put undue reliance on these forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/154698