Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Mining Stock News: Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) Earns a 51% Interest in the Perseverance Porphyry Copper Project in Arizona, USA


Vancouver, British Columbia - March 17, 2022 (Newsfile Corp.) ( Newswire) Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) otherwise "Cordoba" or the "Company") is pleased to report the Company has achieved the minimum project expenditure requirement for the Phase 2 earn-in through the Perseverance Joint Venture Agreement, and now has vested a 51% interest in the Project.

Under a joint venture agreement with Bell Copper Corporation, Cordoba has the option to earn up to an 80% interest in Perseverance by spending a total of C$17,000,000 over a 7.5 year period by completing the phased project expenditures (refer to Cordoba's news release dated August 27, 2018). With the completion of the Phase 2 stage, Cordoba is now in the Phase 3 of the Agreement with the option to earn its interest up to 70% in the Project by April 24, 2024. Cordoba could earn up to an 80% interest in the Project by completing the Phase 4 earn-in requirement by April 24, 2026.

"We are glad to achieve the Phase 2 earn-in requirement for the Perseverance Joint Venture Agreement," commented Ms. Armstrong-Montoya, President and CEO of Cordoba. "We look forward to continue exploring the great geological potential at Perseverance."

Recent Drill Hole K-22 Intercepts Includes Evidence of Nearby Porphyry System

The initial drill hole K-22 tested the Northern anomaly defined by a Spartan Magneto-telluric survey (refer to Cordoba's news release dated October 19, 2021) and shows evidence of a nearby porphyry system including Intermediate Argillic Alteration in brecciated and faulted Precambrian Hualapai Granite as well as quartz stringers and veins carrying pyrite, chalcopyrite with varying degrees of phyllic and potassic alteration noted as vein selvages and pervasive replacement of the porphyry dykes. Assay results are pending.

A down hole, radial TyphoonTM IP-resistivity survey is intended to be carried out on K-22 in the coming month using one of Ivanhoe Electric's proprietary deep-penetration TyphoonTM high-power transmitter systems. Further exploration diamond drilling will be planned upon completion of this survey.

Technical Information & Qualified Person

The technical information in this release has been reviewed and verified by Charles N. Forster, P.Geo., a Qualified Person for the purpose of National Instrument 43-101. Mr. Forster is the Vice President Exploration for Cordoba and is not considered independent under National Instrument 43-101.

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 is also exploring the Perseverance Copper Project in Arizona, USA, under a Joint Venture and Earn-In Agreement with Bell Copper Corporation. For further information, please visit

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, MT coverage will be extended to the northeast and completely delineate the deep conductive anomaly; the timing and results of the proposed drilling program; and potential for a significant copper discovery. 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.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More

Gold Mining Stocks - Gold Mining Stocks Directory, Gold Stocks News, Research and Resources - investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

Get News on Mining Stocks