Cordoba Minerals Corp. reported initial diamond drilling results from the Feasibility Study drilling program at the 100%-owned San Matias Copper-Gold-Silver Project. Highlights: 6,385 metres (24 diamond drill holes) of the initial 25,000-metre in-fill drilling program have been completed within the Alacran Deposit; Significant assays returned to date include: ACD087 - 61 metres with 0.99% copper, 0.35 g/t gold and 5.17 g/t silver or 1.17% copper equivalent (CuEq); ACD097 - 53 metres with 0.70% copper, 0.70 g/t gold and 6.18 g/t silver or 1.11% CuEq.

Mineralized intersections correlate closely with the Pre-Feasibility Study (PFS) Mineral Resource Block Model. Multiple late-mineral gold-copper veins, known as Carbonate Base Metal (CBM) veins, have been intersected within drill holes and are superimposed upon high-grade zones of earlier carbonate replacement copper-gold mineralization. Cordoba commenced an initial 25,000-metre in-fill drill program in May 2022, which is part of the 40,000-metre in-fill drilling campaign planned by the Company to update the mineral resource and mine plan at the Alacran deposit.

The initial drill program focuses on the northern and central areas within the Alacran Deposit which hosts high-grade mineralized zones with considerable widths. A total of 6,385 metres in 24 diamond drill holes of the initial drill program have been completed to date. The initial drill assays confirm not only the wide higher grade domains of chalcopyrite-pyrrhotite copper-gold carbonate replacement mineralization within the mineral resource block model but also the presence of multiple late-mineral CBM veins.

CBM veins are a style of structurally-controlled gold, silver and base metal mineralization found in association with porphyry intrusions. Spectacularly large and high-grade examples include the Porgera gold deposit in Papua New Guinea and the Buritica deposit in Colombia. The average grade of the CBM veins identified within Alacran Deposit is unknown.

Bonanza grade gold was previously reported in drill hole ACD036, which returned 0.90 metres of 4,440 g/t gold, 10.25% copper, 24.70% zinc and 347 g/t silver. In-fill drill holes ACD087, ACD097, ACD114 and ACD115 during the current campaign have intersected en-echelon CBM veins overprinting earlier chalcopyrite-pyrrhotite copper-gold carbonate replacement mineralization. The predominance of arsenopyrite with minor pyrite and sphalerite in the CBM veins, coupled with the pervasive chlorite-white mica alteration and carbonate gangue, is diagnostic of an intermediate sulphidation epithermal event.

There is significant potential for these veins to extend to depth, potentially towards a causative porphyry intrusion.