Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
Cordoba Minerals (TSXV: CDB) is planning a 1,000 metre drill program at its Alacran copper-gold deposit, part of its San Matias copper-gold project in Colombia. Based on its results, the company may double the drill program.
The miner will initially drill a single, 700 metre hole about 300 metres west of the Alacran targeting a potential copper-gold porphyry beneath the known deposit. It will then drill a second hole testing a possible northern extension of the deposit.
In early 2018, the company tabled an updated resource estimate for Alacaran. The deposit contains 36.1 million indicated tonnes grading 0.57% copper and 0.26 gram gold, or 0.72% coper equivalent, for 454 million lb. copper and 300,000 oz. gold. The project also contains 31.8 million inferred tonnes at 0.52% copper and 0.24 gram gold, or 0.65% copper equivalent, for 265 million lb. copper and 250,000 oz. gold.
The Alacran deposit occurs over a 3.9 sq. km mining title and remains open to the north, south and west.
Highlights from a May 2017 drill program include 1.33% copper and 0.54 gram gold per tonne, or 1.74% copper equivalent, over 82 metres from 51 metres downhole as well as 0.8% copper and 0.24 gram gold, or 0.98% copper equivalent, over 128 metres from surface.
The company also plans to continue fieldwork at it’s Willian target, located 6 km south of Alacran.
(This article first appeared in The Northern Miner)
