Cordoba Minerals Receives Approval of Mining Technical Work Plan (PTO) Application for the Alacran Copper-Gold-Silver Project in Colombia
Cordoba Minerals Receives Approval of
Mining Technical Work Plan (PTO) Application
for the Alacran Copper-Gold-Silver Project in
Colombia
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) -
Sarah Armstrong-Montoya,
President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB:
CDBMF) (otherwise "Cordoba" or the "Company"), is pleased to announce that the Mining
Technical Work Plan (Programa de Trabajo y Obras or "PTO") for the Alacran Copper-Gold-
Silver Project was approved by the Colombian National Mining Agency (Agencia Nacional de
Minería or "ANM") on August 27, 2024.
The PTO is one of the two required permits in Colombia to license the Project for construction
of the mine, and the permit application was submitted to the authorities in November 2021
(refer to Cordoba
news release dated November 18, 2021
). Approval of the PTO represents
another key milestone towards construction stage, which is anticipated to commence in Q2
2025, subject to financing.
"I'm very pleased to obtain approval of the PTO application, and would like to take this
opportunity to thank Colombian National Mining Agency for their support, and my team for
their hard work," commented Sarah Armstrong-Montoya, President and CEO of Cordoba. "The
approval means we are one step closer to build the next copper-gold mine in Colombia. We
look forward to continuing our collaboration and engagement with our stakeholders as
Alacran progressing forward with full speed."
About Cordoba
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and
acquisition of copper and gold projects. Cordoba is jointly developing the Alacran Project with JCHX
Mining Management Co., Ltd., located in the Department of Cordoba, Colombia. 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 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.
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.
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, uncertainties
relating to epidemics, pandemics and other public health crises, 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/221466