Cordoba Minerals to complete PFS for Colombian metals project next month

Cordoba Minerals Corp is currently preparing the last elements of a pre-feasibility study (PFS) for the Alacran Copper-Gold-Silver Deposit, located within its 100%-owned San Matias Project in Colombia.

The PFS work process has identified a number of key optimisation opportunities that are currently being reviewed and expected to be included in the final report, which is due out by mid-December 2021.

TSXV-listed Cordoba will submit the Mining Technical Work Plan (PTO) application to the Colombian National Mining Agency (ANM) on November 17, 2021. The filing is one of the two required permits in Colombia for the project to move into the building and construction phase.

The company is continuing to work towards completion of the Environmental Impact Assessment (EIA) – the second document required by ANM for successful project approval.

“The completion of the PFS and the submission of the PTO application to the Colombian mining authorities are important steps for the project’s development, as we begin to realise our goal of becoming the next copper and gold producer in Colombia,” said Cordoba’s president and CEO Sarah Armstrong-Montoya.

Cordoba’s geologists are preparing an exploration work programme to test the Alacran porphyry target and other San Matias regional targets. The company plans to provide an update on this exploration programme once targets are finalised and diamond drilling contracts are secured.