Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV:CDB; OTCQB:CDBMF) provided an update on the ongoing Pre-Feasibility Study (“PFS”) work at its 100%-owned Alacran Copper-Gold-Silver Project.
- Diamond drilling in support of the PFS is ongoing, this includes geotechnical, hydrological and metallurgical test holes. Drilling of the in-fill holes, designed to convert Inferred Resources to the Measured & Indicated categories, is scheduled to begin at the end of this month through to mid-July.
- To date, 103 drill holes totalling 5,128 metres have been completed, which represents ~50% of the drilling required for the PFS (see Table 1 below).
- Metallurgical test work completed by Blue Coast Research Ltd. indicates recoveries of ~90% copper to a ~20% copper concentrate based on data generated from fresh samples. Gold recoveries averaged ~83%. Work is ongoing to determine the metallurgical properties of the saprolite and transition materials present at the Alacran deposit.
- CDB is pursuing options to fast-track an estimated additional ~60,000 metres of drilling that are expected to be required to support a Feasibility Study (“FS”) at Alacran.
Please see Cordoba’s news release for further information.