{"id":1193764,"date":"2020-07-03T12:54:21","date_gmt":"2020-07-03T17:54:21","guid":{"rendered":"https:\/\/www.mining.com\/?p=1028668"},"modified":"2020-07-03T12:54:21","modified_gmt":"2020-07-03T17:54:21","slug":"cordoba-closes-alacran-acquisition-stock-explodes","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1193764","title":{"rendered":"Cordoba closes Alacran acquisition, stock explodes"},"content":{"rendered":"<p>Cordoba Minerals (TSX-V:CDB)\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.cordobaminerals.com\/news\/2020\/cordoba-secures-100-ownership-of-alacran-copper-gold-silver-deposit-in-colombia\" >announced<\/a> that it has completed its acquisition of the Alacran copper-gold-silver deposit in Cordoba, Colombia.<\/p>\n<p>With the Alacran mineral title, Cordoba now has 100% ownership of the entire San Matias District. \u00a0<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Indicated mineral resources at Alacran are 36.1 million tonnes grading 0.57% copper and 0.26 g\/t gold<\/p>\n<\/blockquote>\n<\/figure>\n<p>Alacran is the largest mineral deposit currently defined at San Matias.<\/p>\n<p>Midday Friday, Cordoba\u2019s stock was up nearly 29% on the TSXV. The company has a $84 million market capitalization.<\/p>\n<p>The company <a rel=\"noreferrer noopener\" href=\"https:\/\/www.mining.com\/cordoba-to-restart-pea-work-for-alacran-deposit-in-colombia\/\" >restarted last month<\/a> the work on the preliminary economic assessment for the deposit.<\/p>\n<p>At present, indicated mineral resources at Alacran are 36.1 million tonnes grading 0.57% copper and 0.26 g\/t gold, while inferred mineral resources are 31.8 million tonnes grading 0.52% copper and 0.24 g\/t gold.<\/p>\n<p>The&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/www.mining.com\/canadian-miner-cordoba-dealing-fraudulent-transactions-colombian-subsidiary\/\" >San Mat\u00edas project&nbsp;<\/a>is located in the Municipality of Puerto Libertador and it comprises a 20,000-hectare land package in a newly identified high-grade copper-gold district. <\/p>\n<p>According to Cordoba, the district is characterized by porphyry type and \u201ccarbonate replacement\u201d type and\/or \u201ciron oxide copper-gold\u201d type deposits formed in an accreted island arc setting.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company stock was up nearly 29% on the TSXV midday Friday.<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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