Drill Program at Alacran Copper-Gold Property in Colombia Suspended
Drill Program at Alacran Copper-Gold Property in Colombia
Suspended
TORONTO, ONTARIO, May 9, 2019: Cordoba Minerals Corp. (TSX-V:CDB; OTCQB:CDBMF)
(“Cordoba” or the “Company”) is today providing this update regarding its exploration activities
at the Alacran copper-gold deposit, located within the 100%-owned San Matias copper-gold
project in Colombia.
Cordoba announces the suspension of diamond drilling operations at Alacran due to potential
security concerns raised by Company personnel and contractors after receiving demands and
threats. The security and safety of the Company’s employees, contractors and the local
communities is of the highest importance and the suspension of operations will continue until the
satisfactory completion of an investigation by the authorities.
The Company has had discussions with the National government, the local authorities and the
Colombian military to resolve the issue in a timely manner. The National government and the local
authorities have offered their continuing support to reinstate operations as soon as possible. The
Company thanks the authorities for their assistance and the armed forces for their continuing
presence pursuant to a formal military cooperation agreement to ensure the safety of the
employees and contractors of the Company and the local communities.
The Company will update the market when there is further material information.
About Cordoba Minerals
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration and
acquisition of copper and gold projects. Cordoba is currently exploring its 100%-owned San
Matias Copper-Gold Project, which includes the advanced-stage Alacran Deposit, located in the
Department of Cordoba, Colombia. Cordoba has also entered into a Joint Venture and Earn-In
Agreement to explore the Perseverance porphyry copper project in Arizona, USA. For further
information, please visit www.cordobaminerals.com.
Information Contact
Evan Young +1-416-862-5253
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts 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, that exploration
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activities will resume in a timely manner; and that discussions with government authorities will help to
resolve the issues. 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, 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.