Cordoba Minerals Reports High-Grade Mineral Resources for the Alacran Copper and Gold Deposit

Cordoba Minerals Corp. (TSXV:CDB)(OTCQX:CDBMF) (“Cordoba” or the “Company”) and its joint-venture partner, High Power Exploration Inc. (“HPX”), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland’s Ivanhoe Industries, LLC, are pleased to announce an initial Mineral Resource estimate for the Alacran Copper-Gold Deposit in Colombia.
Highlights (the figures referenced are at end of news release)

• The initial, pit-constrained, Inferred Mineral Resource for the Alacran Deposit is 53.52 million tonnes at 0.70% copper and 0.37 g/t gold, or 0.95% copper equivalent (CuEq), including 7.37 million tonnes at 2.14% copper and 0.41 g/t gold above 1% copper (Cu) cut off. 
• The Inferred Mineral Resource is contained within a shallow, north-south trending mineralized corridor that is approximately 1.3 kilometres long and up to 355 metres wide. 
• Mineral resources are reported within a conceptual open-pit shell which extends for the full length of the 1.3 kilometre corridor and to a depth of 220 metres below surface (see figure 2 and 4). The broad horizontal widths of mineral resource zones from surface are considered favorable for potential open-pit development at relatively low potential strip ratios, subject to the demonstration of economic viability (see figures 2, 4, 5 & 6). 
• Copper-gold mineralization has been intercepted in drill holes below the conceptual pit shell and also at depths greater than 220 metres below surface; however, this mineralization was not included in the initial Inferred Mineral Resource due to insufficient drilling at the Mineral Resource cut-off date (see figures 4, 5 & 6). This mineralization provides the joint venture with immediate drilling targets which could materially expand the Inferred Mineral Resource. 
• The Alacran mineralized system remains open to depth. Surface copper-gold geochemical anomalies also indicate significant potential for additional mineralized zones to the east and west of the Mineral Resource. 
• The potential for the discovery of the mineralizing source for the high-grade copper and gold at Alacran is considered strong. Drill targets have been identified and will be aggressively tested by the joint venture this year. 

Table 1: El Alacran Mineral Resource as at October 27, 2016

Inferred		Material		Grade				Metal				Copper Equivalent
		(Mt)		Copper (%)		Gold (g/t)		Copper (Mlb)		Gold (Koz)		CuEq (%)		CuEq (Mlb)
>0.3 CuEq		53.52		0.70		0.37		827		644		0.95		1,121
>1.0% Cu		7.37		2.14		0.41		348		98		2.42		393

* Pit constrained mineral resources are reported in relation to a conceptual Whittle pit shell. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. Mt: millions of tonnes; Mlb: millions of pounds; Koz: thousands of ounces.
**Copper equivalent grades are based on estimated copper and gold values, metal prices $2.50/lb Cu and $1300/oz gold (Au). Metal prices are not constant and are subject to change.
*** Pit constrained mineral resources are reported at a copper equivalent cut-off of 0.3% and applying assumed metal recoveries of 90% for Cu and 80% for Au. Note no metallurgical test work has been undertaken by Cordoba and the recoveries are estimates only.
**** Capped copper and gold assay composites were interpolated by ordinary kriging constrained within geologically constrained copper-gold grade shell boundaries (Figure 3).
The Mineral Resource estimate was independently prepared by Mining Associates Limited (“MA”), a leading global geological, resource and mining consultancy, and is reported in accordance with National Instrument 43-101 (“NI 43-101”) and the 2014 CIM Definition Standards. The Inferred Mineral Resource estimate is based on 20,200 metres of diamond drilling completed as at October 27, 2016.
Mario Stifano, President and CEO of Cordoba, commented, “We are pleased with the initial mineral resource which demonstrates the potential for the Alacran Project to host a significant tonnage of high-grade, potentially open-pittable copper-gold mineralization. This is just the beginning as our ongoing, aggressive drilling program is aimed at growing the mineral resources in size and confidence levels, extending high-grade copper- and gold-rich mineralized zones and drilling additional exploration targets with potential to add a new and significant exploration front to Alacran.”
Alacran Location and Geography
The Alacran copper-gold deposit is located within the Company’s San Matias Copper-Gold Project in the Department of Cordoba, Colombia, an area where access and infrastructure are considered favorable. The Alacran system is located on a topographic high in gently rolling topography, optimal for potential open-pit mining. Copper-gold mineralization at Alacran is largely hosted in a marine volcano-sedimentary package on the west-dipping limb of a faulted antiformal fold structure and partly in dioritic and felsic intrusions with sill-like geometries (Figure 1). The deposit comprises moderately- to steeply-dipping copper-gold mineralized zones, broadly concordant with host litho-stratigraphy and intrusion contacts. The copper-gold mineralization consists of chalcopyrite-pyrrhotite-pyrite veins, replacements (including massive sulfides) and disseminations that locally overprint hydrothermal magnetite-rich zones that are most strongly developed near intrusion contacts. Mineralization occurs over a strike length of more than 1,300 metres with horizontal widths up to 355 metres and has been drill-intersected to depths of 300 metres from surface.
Mineral Resource Parameters
The drilling database utilized in resource estimation was closed on October 27, 2016 and comprises 76 diamond drill-holes totaling 20,197 metres including 11,230 metres drilled by Ashmont Resources in 2011 and 2012 (see Table 3 for holes drilled by Cordoba). A total of 19,958 assay samples were used to constrain the resource estimation, of which 4,705 samples are copper-gold mineralized, providing 2,202 two-metre assay composites used to form the resource estimate.
Composite lengths and high-grade cuts based on spatial distribution and probability plots were applied as follows:

• Copper and gold assay data was composited to two metres down hole within geological domains; a copper grade cap was applied at the 97.5^th percentile in high-copper domains and 98^th percentile in the lower grade domains.
• Gold assays were composited to two metres down hole within copper domains and were capped near the 98^th percentile.

Block model block-size selection (XYZ 20 x 20 x 10m) is based on approximately 1/2 the drill hole spacing in Mina Norte. Sub-blocking is permitted 5×5 x 2.5m for volumes. The block model is screened for LIDAR-based topography by sub-blocks.
The geological resource is constrained by sub-block within seven wireframes (“grade shells”) in domains based on lithology, structure and a minimum sample grade of 0.3% CuEq and may include minor internal dilution (e.g. Figures 3, 4, 5 & 6). Gold, iron and sulfur are constrained by the low-grade CuEq shells, iron and sulfur are also estimated unconstrained to inform the waste blocks. Separate grade-shells were created for high-grade copper and gold based on grade >1% Cu and > 1g/t Au respectively.
The constraining grade shells are modelled within a corridor, elongate approximately 1.3 kilometres north-south, of up to 355 metres horizontal width and interpolated/extrapolated to depths locally reaching 300 metres from surface (Figures 2 and 3).
Copper and gold grades were interpolated into the constrained block model by domain using ordinary krige techniques. Kriging parameters are derived from a study of variography by domain. The block model was validated by statistical and visual comparison of data and estimated grades and by alternate estimation methods.
Routine bulk density measurements (747) show some variation with an average bulk density of 3.01 t/m³. Bulk density was calculated based on an iron regression, BD=0.0292 x Fe% + 2.5599, utilising block iron contents estimated as outlined above.
Mineral Resources have been classified as Inferred. Resource classification is based on confidence in grade continuity and geological models of the primary commodities (Cu, Au). The inferred resource lies above -30 mRL and within a conceptual Whittle pit shell (Figures 2, 5, & 6). Drill spacing in Mina Norte approximates a 40 x 40 m grid, drilling at Mina Seca has one to two holes per section.
Mineral Resources are reported at various copper grade ranges, within the 0.3% CuEq shell, clearly identifying the proportion of mineralization below 0.3% copper that is enriched in gold in the resource (Table 2) in both resource domains (Mina Norte & Mina Seca, Figure 3). Tonnages are rounded to the nearest million tonnes, copper grades are rounded to two decimal places and accessory minerals are rounded to one decimal place. Rounding as required by reporting guidelines reflect the accuracy of the estimates and may result in apparent summation differences between tonnes grade and contained metal.
Table 2: Inferred Mineral Resource at El Alacran resource at various Copper Cut-offs (total inferred resource above 0.3% CuEq and within conceptual pit)*

Inferred	Copper		Material		Grade				Metal				Copper Equivalent
Deposit	Cut Off		(Mt)		Copper (%)		Gold (g/t)		Copper (Mlb)		Gold (Koz)		CuEq (%)		CuEq (Mlb)
Mina Norte	0.0 to 0.3		0.69		0.27		0.31		4		7		0.47		7
	0.3 to 1.0		28.82		0.52		0.27		328		255		0.70		445
	> 1.0		4.65		1.98		0.34		203		51		2.21		226
Sub Total			34.16		0.71		0.28		535		313		0.90		678
Mina Seca	0.0 to 0.3		4.35		0.24		0.65		23		91		0.68		65
	0.3 to 1.0		12.29		0.46		0.49		125		193		0.79		214
	> 1.0		2.72		2.41		0.54		145		47		2.78		167
Sub Total			19.36		0.69		0.53		293		331		1.04		444
Total	> 0.3% CuEq		53.52		0.70		0.37		827		644		0.95		1,122

*Mineral Resources are not Mineral Reserves do not have demonstrated economic viability. Mineral resources are reported above a conceptual pit shell, and using a copper equivalent cut-off of 0.3% and apply assumed metal recoveries of 90% for Cu and 80% for Au. No metallurgical test work has yet been undertaken by Cordoba.
Outside of the Inferred Mineral Resource, there is unclassified copper-gold mineralization identified in the grade shell models that either lacks confidence in grade and geological continuity (e.g. Mina Este, Figure 4, legend item 4) or is at depth below the -25m RL This mineralization provides immediate drilling targets for potential mineral resource additions.
Further drilling may be expected to increase the confidence levels in, and also potentially add, mineral resources. The Company expects to update the Mineral Resources during the second quarter of 2017 after the expected completion of its current drilling program. The Alacran system remains open to depth along much of its strike length and surface copper-gold geochemical anomalies indicate the potential for largely untested mineralized zones to the east and west of current mineral resources.
Alacran Option Agreement
The Joint Venture has an option (the “Option”) to earn a 100% interest in the Alacran Project by completing the remaining commitments (see Cordoba news release dated October 21, 2015):

• A US$250,000 payment to Sociedad Ordinaria de Minas Omni (“OMNI”) on the 24-month anniversary of signing the Letter of Intent (“LOI”).
• A US$1,000,000 payment to OMNI on the 24-month anniversary of completion of the Definitive Agreement.
• Cordoba will file with the Colombian government for the relevant approvals to conduct activities of construction and commercial production at Alacran before June 30, 2018.
• A US$14,000,000 payment to OMNI when the environmental license and all other approvals, permits or licenses required to commence the construction and operation of a commercial mine at Alacran have been granted on a final basis by the Colombian government.

OMNI will retain a 2% net smelter royalty with advance royalty payments of US$500,000 commencing three years after receipt of approvals to commence construction at Alacran or six years after filing for approval to commence construction at Alacran. HPX has previously purchased a 50.1% interest in OMNI (see Cordoba news release dated April 6, 2016).
Technical Information
The current mineral resource estimate was completed by MA, under the direction of Ian Taylor MAusIMM (CP), an independent Qualified Person as defined by NI 43-101. The QP visited the El Alacran property and supervised the geological modelling input to the current study. CIMM definitions and guidelines were followed for Mineral Resource estimation based on the parameters outlined above. Readers are reminded that Inferred Mineral Resources do not have demonstrated economic viability. Mr. Taylor has reviewed this news release and consented to the inclusion of extracts from, or a summary of, the technical information prepared under his direction and supervision. A technical report providing details of the Inferred Mineral Resource estimate will be filed on SEDAR (www.sedar.com) within 45 days.
The technical content of this news release has been compiled, reviewed and verified by Vic Wall, PhD, a Qualified Person for the purpose of NI 43-101. Dr. Wall is a geologist with over 45 years in the minerals mining, consulting, exploration and research industries and is a Fellow of the Australian Institute of Geoscientists (AIG).
About San Matias Project
The San Matias Copper-Gold Project comprises a 20,000-hectare land package on the inferred northern extension of the richly endowed Mid-Cauca Belt in Colombia. The project contains several known areas of porphyry copper-gold mineralization, copper-gold skarn mineralization and vein-hosted, gold-copper mineralization. Porphyry mineralization at the San Matias Project incorporates high-grade zones of copper-gold mineralization hosted by diorite porphyries containing secondary biotite alteration and various orientations of sheeted and stock-work quartz-magnetite veins with chalcopyrite and bornite. The hydrothermal copper-gold mineralization at Alacran is associated with stratabound replacements and veining of a marine volcano-sedimentary sequence in the vicinity of dioritic intrusions. The nature of mineralization encountered at San Matias is similar to other large high-grade copper-gold deposits.
Joint Venture Agreement
The San Matias Project is a joint venture between Cordoba and HPX, a private mineral exploration company founded by mining entrepreneur Robert Friedland. HPX has earned a 51% interest in the San Matias Project and has entered Phase Three of the Joint Venture Agreement, whereby HPX can earn up to 65% by carrying the project to feasibility.
About High Power Exploration
HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Chairman and Chief Executive Officer Robert Friedland, Co-Chairman Ian Cockerill, a former Chief Executive Officer of Gold Fields, and President Eric Finlayson, a former head of exploration at Rio Tinto. For further information, please visit www.hpxploration.com.
About Cordoba Minerals
Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba has a joint venture with High Power Exploration on the highly prospective, district-scale San Matias Copper-Gold Project located close to sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba. For further information, please visit www.cordobaminerals.com.
ON BEHALF OF THE COMPANY,
Mario Stifano, President and CEO
Cordoba Minerals Corp.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe“, “plan”, “estimate“, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will“, “should“, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company‘s properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company‘s expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view Figure 1: Plan view of Alacran geological model showing generally west-dipping lithostratigraphy, with mafic to intermediate volcanics & volcaniclastics in the east and footwall to the main copper-gold mineralised zones hosted mainly by avolcaniclastic -epiclastic sequence that is intruded by intermediate sills and also larger dioritic bodies in the west and north. Mineralization also locally overprints the intrusions, please visit: https://media3.marketwire.com/docs/Figure%201c.jpg
To view Figure 2: Plan view of copper-gold mineralization “grade” shells, drill-hole traces and conceptual Whittle pit shell, please visit: https://media3.marketwire.com/docs/Figure%202c.jpg
To view Figure 3: 3D view (towards north-east) of west-dipping “grade” shells under Lidar topography, draped by surface imagery, please visit: https://media3.marketwire.com/docs/Figure%203c.jpg
To view Figure 4: Copper-gold mineral resources in the Inferred category and unclassified mineralized material in relation to a conceptual Whittle pit shell and drill-hole traces, 3D view towards northeast, please visit: https://media3.marketwire.com/docs/Figure%204c.jpg
To view Figure 5: Section 855740mN showing drilling results and the broad width of Inferred mineral resource copper grades within a conceptual pit. Copper-gold mineralization may extend to depth below the resource blocks and also below the conceptual pit, please visit: https://media3.marketwire.com/docs/Figure%205c.jpg
To view Figure 6: Section 855720mN showing drilling results and the broad width of Inferred mineral resource copper grades within a conceptual pit. Copper-gold mineralization may extend to depth below the resource blocks and also below the conceptual pit. Figure 4 & Figure 5 may be compared to give an impression of the north-south continuity of mineralization, please visit: https://media3.marketwire.com/docs/Figure%206c.jpg
Table 3: Table of intercepts for Cordoba drill holes contained within this Mineral Resource estimate

HoleID			From (m)		To (m)	Interval (m)		% CuEq		Summary	%CuEq Cutoff
ACD001			53		68	15		0.37		15m @ 0.25% Cu + 0.15g/t Au (from 53m)	0.30%
			76		91	15		0.59		15m @ 0.58% Cu + 0.02g/t Au (from 76m)	0.30%
			101		121	20		0.40		20m @ 0.33% Cu + 0.09g/t Au (from 101m)	0.30%
			128		248	120		1.14		120m @ 0.87% Cu + 0.35g/t Au (from 128m)	0.30%
	including		143		156	13		1.97		13m @ 1.4% Cu + 0.74g/t Au (from 143m)	1.00%
	and		153		156	3		4.21		3m @ 3.25% Cu + 1.26g/t Au (from 153m)	2.00%
	and		163		212	49		1.54		49m @ 1.23% Cu + 0.41g/t Au (from 163m)	1.00%
	and		170		175	5		3.88		5m @ 3.29% Cu + 0.78g/t Au (from 170m)	2.00%
	and		179		184	5		2.43		5m @ 2.06% Cu + 0.48g/t Au (from 179m)	2.00%
	and		225		234	9		1.00		9m @ 0.77% Cu + 0.3g/t Au (from 225m)	1.00%
			264		272	8		0.53		8m @ 0.48% Cu + 0.07g/t Au (from 264m)	0.30%
ACD002			107		227	120		0.76		120m @ 0.56% Cu + 0.26g/t Au (from 107m)	0.30%
	including		158		177	19		2.39		19m @ 1.92% Cu + 0.62g/t Au (from 158m)	1.00%
	and		166		176	10		3.36		10m @ 2.72% Cu + 0.85g/t Au (from 166m)	2.00%
			249		262	13		0.46		13m @ 0.42% Cu + 0.06g/t Au (from 249m)	0.30%
ACD003			98		113	15		0.87		15m @ 0.65% Cu + 0.29g/t Au (from 98m)	0.30%
			130		193	63		0.47		63m @ 0.37% Cu + 0.14g/t Au (from 130m)	0.30%
ACD004			42		92	50		0.62		50m @ 0.53% Cu + 0.12g/t Au (from 42m)	0.30%
	including		69		74	5		2.08		5m @ 1.84% Cu + 0.32g/t Au (from 69m)	1.00%
	and		85		89	4		1.20		4m @ 0.94% Cu + 0.35g/t Au (from 85m)	1.00%
			101		197	96		0.75		96m @ 0.61% Cu + 0.19g/t Au (from 101m)	0.30%
	including		122		127	5		1.21		5m @ 1.06% Cu + 0.2g/t Au (from 122m)	1.00%
	and		138		145	7		1.95		7m @ 1.54% Cu + 0.54g/t Au (from 138m)	1.00%
	and		141		144	3		2.73		3m @ 2.19% Cu + 0.71g/t Au (from 141m)	2.00%
	and		184		190	6		1.19		6m @ 0.93% Cu + 0.35g/t Au (from 184m)	1.00%
			204		215	11		0.71		11m @ 0.55% Cu + 0.21g/t Au (from 204m)	0.30%
ACD005			7		64	57		2.04		57m @ 1.52% Cu + 0.68g/t Au (from 7m)	0.30%
	including		19		21	2		5.52		2m @ 1.96% Cu + 4.7g/t Au (from 19m)	2.00%
	and		33		45	12		7.15		12m @ 5.81% Cu + 1.77g/t Au (from 33m)	1.00%
	and		33		41	8		10.47		8m @ 8.57% Cu + 2.51g/t Au (from 33m)	2.00%
ACD006			0		80.5	80.5		0.74		80.5m @ 0.54% Cu + 0.26g/t Au (from 0m)	0.30%
	including		20		27	7		1.09		7m @ 0.54% Cu + 0.73g/t Au (from 20m)	1.00%
	and		31		35	4		1.12		4m @ 0.89% Cu + 0.3g/t Au (from 31m)	1.00%
	and		55		80.5	25.5		1.17		25.5m @ 0.86% Cu + 0.4g/t Au (from 55m)	1.00%
	and		74		76	2		2.72		2m @ 2.14% Cu + 0.76g/t Au (from 74m)	2.00%
ACD006A			2		109	107		1.21		107m @ 0.95% Cu + 0.34g/t Au (from 2m)	0.30%
	including		19		38	19		1.96		19m @ 1.62% Cu + 0.45g/t Au (from 19m)	1.00%
	and		26		34	8		2.89		8m @ 2.38% Cu + 0.67g/t Au (from 26m)	2.00%
	and		45		73	28		1.24		28m @ 1% Cu + 0.32g/t Au (from 45m)	1.00%
	and		56		59	3		2.12		3m @ 1.83% Cu + 0.38g/t Au (from 56m)	2.00%
	and		79		86	7		2.46		7m @ 1.85% Cu + 0.8g/t Au (from 79m)	1.00%
	and		79		86	7		2.46		7m @ 1.85% Cu + 0.8g/t Au (from 79m)	2.00%
	and		94		108	14		1.36		14m @ 0.98% Cu + 0.5g/t Au (from 94m)	1.00%
ACD007			2		17	15		0.32		15m @ 0.1% Cu + 0.29g/t Au (from 2m)	0.30%
			24		104	80		0.90		80m @ 0.49% Cu + 0.53g/t Au (from 24m)	0.30%
	including		38		42	4		1.35		4m @ 0.97% Cu + 0.49g/t Au (from 38m)	1.00%
	and		81		91	10		3.34		10m @ 0.98% Cu + 3.11g/t Au (from 81m)	1.00%
	and		81		84	3		7.48		3m @ 1.98% Cu + 7.26g/t Au (from 81m)	2.00%
			118		129	11		0.32		11m @ 0.31% Cu + 0.02g/t Au (from 118m)	0.30%
			141		193	52		0.88		52m @ 0.69% Cu + 0.25g/t Au (from 141m)	0.30%
	including		153		167	14		1.04		14m @ 0.92% Cu + 0.15g/t Au (from 153m)	1.00%
	and		179		187	8		2.08		8m @ 1.34% Cu + 0.97g/t Au (from 179m)	1.00%
	and		182		185	3		2.75		3m @ 1.47% Cu + 1.69g/t Au (from 182m)	2.00%
			263		270	7		0.68		7m @ 0.34% Cu + 0.45g/t Au (from 263m)	0.30%
ACD008			31		105	74		0.75		74m @ 0.58% Cu + 0.23g/t Au (from 31m)	0.30%
	including		31		39	8		1.01		8m @ 0.99% Cu + 0.02g/t Au (from 31m)	1.00%
	and		87		101	14		2.12		14m @ 1.58% Cu + 0.7g/t Au (from 87m)	1.00%
	and		95		99	4		4.70		4m @ 3.83% Cu + 1.15g/t Au (from 95m)	2.00%
			113		140	27		0.86		27m @ 0.6% Cu + 0.35g/t Au (from 113m)	0.30%
	including		134		138	4		1.48		4m @ 1.17% Cu + 0.41g/t Au (from 134m)	1.00%
			187		202	15		0.94		15m @ 0.78% Cu + 0.21g/t Au (from 187m)	0.30%
	including		189		198	9		1.13		9m @ 0.93% Cu + 0.26g/t Au (from 189m)	1.00%
ACD009			12		119	107		0.97		107m @ 0.57% Cu + 0.53g/t Au (from 12m)	0.30%
	including		43		50	7		1.19		7m @ 1.06% Cu + 0.16g/t Au (from 43m)	1.00%
	and		59		66	7		5.30		7m @ 0.69% Cu + 6.08g/t Au (from 59m)	1.00%
	and		59		62	3		11.27		3m @ 0.64% Cu + 14.02g/t Au (from 59m)	2.00%
	and		83		90	7		2.36		7m @ 1.84% Cu + 0.67g/t Au (from 83m)	1.00%
	and		83		89	6		2.53		6m @ 1.98% Cu + 0.72g/t Au (from 83m)	2.00%
	and		97		108	11		1.55		11m @ 1.26% Cu + 0.38g/t Au (from 97m)	1.00%
	and		101		104	3		2.33		3m @ 1.8% Cu + 0.7g/t Au (from 101m)	2.00%
			146		181	35		1.74		35m @ 1.39% Cu + 0.45g/t Au (from 146m)	0.30%
	including		148		165	17		2.83		17m @ 2.26% Cu + 0.74g/t Au (from 148m)	1.00%
	and		158		164	6		4.90		6m @ 3.88% Cu + 1.35g/t Au (from 158m)	2.00%
ACD010			2		31	29		0.50		29m @ 0.22% Cu + 0.38g/t Au (from 2m)	0.30%
			38		64	26		0.88		26m @ 0.63% Cu + 0.33g/t Au (from 38m)	0.30%
	including		38		48	10		1.07		10m @ 0.53% Cu + 0.71g/t Au (from 38m)	1.00%
			60		64	4		1.65		4m @ 1.59% Cu + 0.08g/t Au (from 60m)	1.00%
			77		96	19		1.35		19m @ 1.31% Cu + 0.05g/t Au (from 77m)	0.30%
	including		77		91	14		1.72		14m @ 1.67% Cu + 0.06g/t Au (from 77m)	1.00%
	including		78		83	5		2.06		5m @ 1.96% Cu + 0.13g/t Au (from 78m)	2.00%
			103		124	21		0.48		21m @ 0.4% Cu + 0.11g/t Au (from 103m)	0.30%
			142		178	36		0.95		36m @ 0.78% Cu + 0.22g/t Au (from 142m)	0.30%
	including		151		160	9		2.06		9m @ 1.67% Cu + 0.52g/t Au (from 151m)	1.00%
	and		152		159	7		2.25		7m @ 1.8% Cu + 0.59g/t Au (from 152m)	2.00%
			206		218	12		0.30		12m @ 0.28% Cu + 0.03g/t Au (from 206m)	0.30%
ACD012			3		98	95		0.58		95m @ 0.51% Cu + 0.09g/t Au (from 3m)	0.30%
	including		13		28	15		1.15		15m @ 1.08% Cu + 0.08g/t Au (from 13m)	1.00%
			111		193	82		0.97		82m @ 0.71% Cu + 0.34g/t Au (from 111m)	0.30%
	including		138		154	16		1.22		16m @ 0.76% Cu + 0.61g/t Au (from 138m)	1.00%
	and		150		154	4		2.15		4m @ 1% Cu + 1.52g/t Au (from 150m)	2.00%
	and		162		187	25		1.52		25m @ 1.21% Cu + 0.41g/t Au (from 162m)	1.00%
	and		164		167	3		2.47		3m @ 1.91% Cu + 0.75g/t Au (from 164m)	2.00%
	and		178		181	3		2.27		3m @ 1.77% Cu + 0.65g/t Au (from 178m)	2.00%
			217		235	18		0.32		18m @ 0.25% Cu + 0.1g/t Au (from 217m)	0.30%
ACD013			1		78	77		0.84		77m @ 0.72% Cu + 0.15g/t Au (from 1m)	0.30%
	including		24		36	12		2.33		12m @ 1.97% Cu + 0.47g/t Au (from 24m)	1.00%
	and		29		35	6		3.88		6m @ 3.21% Cu + 0.88g/t Au (from 29m)	2.00%
			123		133	10		0.52		10m @ 0.4% Cu + 0.15g/t Au (from 123m)	0.30%
			143		160	17		0.78		17m @ 0.68% Cu + 0.12g/t Au (from 143m)	0.30%
	including		146		150	4		1.57		4m @ 1.32% Cu + 0.34g/t Au (from 146m)	1.00%
ACD014			1		7	6		0.41		6m @ 0.23% Cu + 0.25g/t Au (from 1m)	0.30%
			39		91	52		1.31		52m @ 0.93% Cu + 0.5g/t Au (from 39m)	0.30%
	including		47		73	26		1.84		26m @ 1.38% Cu + 0.6g/t Au (from 47m)	1.00%
	and		51		57	6		2.55		6m @ 1.9% Cu + 0.85g/t Au (from 51m)	2.00%
	and		60		67	7		2.28		7m @ 1.65% Cu + 0.83g/t Au (from 60m)	2.00%
	and		87		91	4		2.31		4m @ 0.92% Cu + 1.83g/t Au (from 87m)	1.00%
			99		110	11		0.35		11m @ 0.06% Cu + 0.38g/t Au (from 99m)	0.30%
ACD015			3		24	21		0.76		21m @ 0.69% Cu + 0.08g/t Au (from 3m)	0.30%
	including		7		12	5		1.22		5m @ 1.01% Cu + 0.27g/t Au (from 7m)	1.00%
			38		44	6		0.31		6m @ 0.29% Cu + 0.02g/t Au (from 38m)	0.30%
			64		70	6		0.44		6m @ 0.22% Cu + 0.3g/t Au (from 64m)	0.30%
ACD016			0		24	24		0.48		24m @ 0.35% Cu + 0.16g/t Au (from 0m)	0.30%
			50		65	15		0.31		15m @ 0.21% Cu + 0.12g/t Au (from 50m)	0.30%
			87		101	14		0.30		14m @ 0.06% Cu + 0.33g/t Au (from 87m)	0.30%
			128		135	7		0.50		7m @ 0.24% Cu + 0.34g/t Au (from 128m)	0.30%
ACD017			1		26	25		0.40		25m @ 0.31% Cu + 0.12g/t Au (from 1m)	0.30%
			34		61	27		0.33		27m @ 0.28% Cu + 0.06g/t Au (from 34m)	0.30%
			84		121	37		0.43		37m @ 0.35% Cu + 0.11g/t Au (from 84m)	0.30%

ACD018			8		14	6		0.35		6m @ 0.28% Cu + 0.08g/t Au (from 8m)	0.30%
			24		73	49		0.79		49m @ 0.61% Cu + 0.23g/t Au (from 24m)	0.30%
	including		39		60	21		1.31		21m @ 0.99% Cu + 0.42g/t Au (from 39m)	1.00%
	and		45		49	4		2.55		4m @ 2.17% Cu + 0.5g/t Au (from 45m)	2.00%
			102		109	7		0.56		7m @ 0.33% Cu + 0.3g/t Au (from 102m)	0.30%
			128		182	54		0.85		54m @ 0.57% Cu + 0.37g/t Au (from 128m)	0.30%
	including		153		157	4		1.40		4m @ 0.78% Cu + 0.82g/t Au (from 153m)	1.00%
	and		165		172	7		1.56		7m @ 1.21% Cu + 0.46g/t Au (from 165m)	1.00%
	and		167		169	2		2.90		2m @ 2.44% Cu + 0.61g/t Au (from 167m)	2.00%
			212		218	6		2.05		6m @ 1.78% Cu + 0.35g/t Au (from 212m)	0.30%
			212		215	3		3.35		3m @ 2.86% Cu + 0.64g/t Au (from 212m)	2.00%
ACD019			70		85	15		0.77		15m @ 0.72% Cu + 0.06g/t Au (from 70m)	0.30%
	including		72		76	4		1.14		4m @ 1.06% Cu + 0.11g/t Au (from 72m)	1.00%
			101		109	8		0.92		8m @ 0.9% Cu + 0.03g/t Au (from 101m)	0.30%
	including		102		106	4		1.07		4m @ 1.05% Cu + 0.03g/t Au (from 102m)	1.00%
			123		131	8		0.40		8m @ 0.36% Cu + 0.04g/t Au (from 123m)	0.30%
ACD020			1		7	6		0.40		6m @ 0.21% Cu + 0.25g/t Au (from 1m)	0.30%
ACD021			0		13	13		0.38		13m @ 0.29% Cu + 0.11g/t Au (from 0m)	0.30%
			24		46	22		1.86		22m @ 1.36% Cu + 0.67g/t Au (from 24m)	0.30%
	including		26		35	9		3.77		9m @ 2.73% Cu + 1.38g/t Au (from 26m)	1.00%
	and		26		32	6		5.18		6m @ 3.67% Cu + 1.99g/t Au (from 26m)	2.00%
ACD022			25		54	29		0.87		29m @ 0.73% Cu + 0.18g/t Au (from 25m)	0.30%
	including		25		30	5		1.33		5m @ 1.13% Cu + 0.27g/t Au (from 25m)	1.00%
			70		133	63		0.77		63m @ 0.63% Cu + 0.19g/t Au (from 70m)	0.30%
	including		84		90	6		1.28		6m @ 1.09% Cu + 0.25g/t Au (from 84m)	1.00%
	and		97		124	27		1.09		27m @ 0.86% Cu + 0.3g/t Au (from 97m)	1.00%
			142		188	46		0.69		46m @ 0.55% Cu + 0.19g/t Au (from 142m)	0.30%
	including		182		188	6		1.05		6m @ 0.86% Cu + 0.25g/t Au (from 182m)	1.00%
			199		215	16		0.66		16m @ 0.62% Cu + 0.05g/t Au (from 199m)	0.30%

Table 4: Coordinates for Cordoba drill holes used in this Mineral Resource estimate

HoleID		East **		North **		RL **		Final Depth		Azimuth		Dip		Type
ACD001		418914		855761		210		280		85		-52		DD
ACD002		418910		855812		218		306.2		90		-57		DD
ACD003		418951		855863		212		290.7		90		-68		DD
ACD004		418972		855759		228		323		85		-51		DD
ACD005		419063		855914		255		240		90		-50		DD
ACD006		419060		855870		248		80.5		90		-60		DD
ACD006A		419074		855867		250		301		90		-60		DD
ACD007		418975		855719		226		307.8		85		-46		DD
ACD008		418957		855669		224		300		90		-51		DD
ACD008A		418961		855666		224		56.4		90		-50		DD
ACD009		419029		855758		227		283.5		85		-53		DD
ACD010		419029		855714		234		308		85		-54		DD
ACD011		419064		855957		258		442.3		85		-58		DD
ACD012		418932		855721		206		304.6		85		-49		DD
ACD013		419089		855783		209		315		88		-52		DD
ACD014		419180		855783		188		313.2		88		-56		DD
ACD015		419342		855782		179		358		88		-56		DD
ACD016		419156		855051		227		314.3		88		-56		DD
ACD017		419306		855065		198		315.9		88		-57		DD
ACD018		419125		855247		205		302.2		88		-55		DD
ACD019		419277		855251		168		300		88		-55		DD
ACD020		419455		855249		153		279.2		88		-55		DD
ACD021		419224		855782		189		130.9		88		-54		DD
ACD022		419017		855803		226		313.5		88		-55		DD

** WGS84 UTM