Cordoba Minerals Intersects 108 metres of 1.26 percent Copper and 0.87 g/t Gold

Cordoba Minerals Corp. (TSXV:CDB) (“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 that drilling at the San Matias Copper-Gold Project in Colombia has significantly expanded the volume of near-surface copper-gold mineralization at the Alacran Deposit. Copper mineralization at Alacran has now been intersected over a strike length of 1.3 kilometres, to widths of up to 400m, and extends from surface to depths of more than 260 metres below surface.
Recent Alacran drilling highlights (refer to Table 1 for complete drilling results):

• ACD028:
  • 24 metres (m) @ 1.64% Copper (Cu) + 0.62g/t Gold (Au) (from 42 m), including:
    • 6 m @ 1.97% Cu + 0.91g/t Au (from 50 m), and
    • 4 m @ 3.69% Cu + 1.06g/t Au (from 62 m)

• ACD032:
  • 66 m @ 1.20% Cu + 0.23g/t Au (from 46 m), including:
    • 14 m @ 3.31% Cu + 0.26g/t Au (from 60 m), and
    • 6 m @ 1.95% Cu + 0.72g/t Au (from 98 m)

• ACD033:
  • 108 m @ 1.26% Cu + 0.87g/t Au (from 0 m), including:
    • 26 m @ 1.48% Cu + 1.37g/t Au (from 20 m), and
    • 26 m @ 3.18% Cu + 1.62g/t Au (from 62 m)

• ACD035:
  • 34 m @ 0.75% Cu + 0.47g/t Au (from 6 m), including:
    • 18 m @ 1.20% Cu + 0.74g/t Au (from 22 m)
  • 60 m @ 0.40% Cu + 0.21g/t Au (from 122 m)

Hole ACD033 (108 m @ 1.26% Cu + 0.87g/t Au) has returned one of the best intersections to date on the project with mineralization outside the current Inferred Mineral Resource shell. The recent drilling results demonstrate the potential to significantly increase the current inferred mineral resource at Alacran of 53.5 million tonnes of 0.70% copper and 0.37 g/t gold announced in a press release January 5, 2017 (see Figure 7). The area around hole ACD033 is a priority target to follow-up with additional drilling to the east, where the mineralization remains open.
Prior to the current drilling program, the mineralization at Alacran was believed to be striking in a north-south direction, with a sub-vertical westerly dip. This drilling campaign has shown that the mineralization dips more moderately to the west, conformable to the host stratigraphy, adding additional shallow mineralization up-dip to the east. Moving from north to south, the host stratigraphy appears to steepen while the mineralization changes from pyrrhotite-pyrite-chalcopyrite to magnetite-chalcopyrite. Based on magnetic and induced polarization surveys, attractive exploration targets remain down-plunge and along strike.
Mario Stifano, President and CEO of Cordoba, commented: “These drill results highlight the potential for Alacran to host a large high-grade, open-pittable, copper-gold deposit. Current drilling at Alacran will continue to test the eastern extensions of the deposit as well as priority exploration to identify and target the potential source for the mineralization at Alacran.”
Alacran Copper-Gold System
The Alacran copper-gold system is located within the San Matias Copper-Gold Project in the Department of Cordoba, Colombia. 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.
The Alacran system is located on a topographic high in gently rolling topography, optimal for potential open-pit mining. Access and infrastructure are considered favourable. Alacran is approximately two kilometres southwest of the Company’s Montiel porphyry copper-gold discovery, where drilling interested 101 metres of 1.0% copper and 0.65 g/t gold, and two kilometres northwest of the Costa Azul porphyry copper-gold discovery, where drilling interested 87 metres of 0.62% copper and 0.51 g/t gold (Figure 1). The copper-gold mineralization at Alacran is associated with stratabound replacement of a marine volcano-sedimentary sequence in the core of a faulted antiformal fold structure. The deposit comprises moderately to steeply-dipping stratigraphy that is mineralized as a series of sub-parallel replacement-style zones and associated disseminations (Figure 2). The copper-gold mineralization is composed of multiple overprinting hydrothermal events with the main ore phase comprised of chalcopyrite-pyrrhotite-pyrite that appears to overprint an early magnetite metasomatic event.
Technical Information
The technical information has been reviewed and verified by Christian J. Grainger, PhD, a Qualified Person for the purpose of NI 43-101. Dr. Grainger is a geologist with over 15 years in the minerals mining, consulting, exploration and research industries. Dr. Grainger is a Member of the Australian Institute of Geoscientists (AIG).
Copper-equivalent values have been calculated using a US$1,300 per ounce gold price and US$2.50 per pound copper price.
Cordoba utilizes a comprehensive industry-standard QAQC program. HQ and NQ diamond drill core is sawn in two halves, and one half is sampled and shipped to a sample preparation laboratory. The other half of the core is stored in a secure facility for future assay verification. All samples are prepared at ALS Minerals Laboratory in Medellin, Colombia, and assayed at ALS Minerals Laboratory in Lima, Peru. ALS Minerals operates in accordance with ISO/IEC 17025.
Gold is determined by 50 g fire assay with an AAS finish. An initial multi-element suite comprising copper, molybdenum, silver and additional elements is analyzed by four-acid digest with an ICP-ES or ICP-MS finish. All samples with copper values over 2000 ppm are re-assayed by a method for higher grades, which also uses a four-acid digest with an ICP-ES finish.
Cordoba also performs check assays on a regular basis at an independent laboratory. The company regularly conducts independent onsite reviews and laboratory audits to ensure procedural compliance for maintaining industry-standard best practices. Selected samples of elevated gold grades have been submitted to ALS Lima for metallic screen analysis for the possible presence of coarse gold, assays are pending.
Joint Venture Agreement
The San Matias Project is a joint venture between Cordoba and HPX. HPX has earned a 51% interest in the San Matias Project by spending a cumulative total of C$19 million on exploration expenditures on the project. Cordoba and HPX have entered Phase Three of their Joint Venture Agreement, whereby HPX can earn a 65% interest in the project by completing a Feasibility Study.
About High Power Exploration (HPX)
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 Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. 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 at sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba. For further information, please visit www.cordobaminerals.com.
Table 1: Diamond drillhole results at the Alacran Project*

HoleID				From (m)		To (m)		Interval (m)		% eCu	Summary		%eCu Cutoff
ACD023				46		55		9		0.41	9m @ 0.22% Cu + 0.25g/t Au (from 46m)		0.30%
				83		91		8		1.08	8m @ 0.77% Cu + 0.41g/t Au (from 83m)		0.30%
		including		83		90		7		1.19	7m @ 0.87% Cu + 0.42g/t Au (from 83m)		1.00%
		and		83		85		2		2.19	2m @ 1.72% Cu + 0.62g/t Au (from 83m)		2.00%
				101		133		32		0.33	32m @ 0.3% Cu + 0.04g/t Au (from 101m)		0.30%
				147		165		18		0.35	18m @ 0.27% Cu + 0.11g/t Au (from 147m)		0.30%
ACD024				0		11		11		0.52	11m @ 0.22% Cu + 0.39g/t Au (from 0m)		0.30%
				19		29		10		0.37	10m @ 0.31% Cu + 0.08g/t Au (from 19m)		0.30%
				93		117		24		0.69	24m @ 0.45% Cu + 0.32g/t Au (from 93m)		0.30%
		including		93		103		10		1.08	10m @ 0.65% Cu + 0.57g/t Au (from 93m)		1.00%
				141		173		32		0.50	32m @ 0.42% Cu + 0.1g/t Au (from 141m)		0.30%
		including		169		173		4		1.25	4m @ 1.03% Cu + 0.28g/t Au (from 169m)		1.00%
ACD025				0		6		6		0.54	6m @ 0.3% Cu + 0.31g/t Au (from 0m)		0.30%
				86		112		26		0.72	26m @ 0.32% Cu + 0.52g/t Au (from 86m)		0.30%
		including		92		96		4		1.43	4m @ 0% Cu + 1.88g/t Au (from 92m)		1.00%
		and		108		110		2		2.23	2m @ 1.6% Cu + 0.83g/t Au (from 108m)		2.00%
				122		134		12		0.59	12m @ 0.33% Cu + 0.34g/t Au (from 122m)		0.30%
				254		260		6		1.46	6m @ 1.23% Cu + 0.3g/t Au (from 254m)		0.30%
		including		254		258		4		1.78	4m @ 1.53% Cu + 0.32g/t Au (from 254m)		1.00%
		and		256		258		2		2.51	2m @ 2.14% Cu + 0.49g/t Au (from 256m)		2.00%
ACD026				30		40		10		0.52	10m @ 0.49% Cu + 0.04g/t Au (from 30m)		0.30%
				48		84		36		0.79	36m @ 0.56% Cu + 0.31g/t Au (from 48m)		0.30%
		including		64		80		16		1.38	16m @ 0.95% Cu + 0.58g/t Au (from 64m)		1.00%
				98		132		34		0.75	34m @ 0.41% Cu + 0.45g/t Au (from 98m)		0.30%
		including		126		132		6		1.50	6m @ 0.38% Cu + 1.47g/t Au (from 126m)		1.00%
ACD027				18		54		36		1.16	36m @ 0.85% Cu + 0.4g/t Au (from 18m)		0.30%
		including		22		42		20		1.64	20m @ 1.28% Cu + 0.47g/t Au (from 22m)		1.00%
		and		22		24		2		3.09	2m @ 2.32% Cu + 1.01g/t Au (from 22m)		2.00%
		and		38		40		2		2.93	2m @ 2.49% Cu + 0.58g/t Au (from 38m)		2.00%
				118		140		22		0.58	22m @ 0.46% Cu + 0.16g/t Au (from 118m)		0.30%
				164		174		10		0.33	10m @ 0.3% Cu + 0.04g/t Au (from 164m)		0.30%
ACD028				0		30		30		0.40	30m @ 0.29% Cu + 0.14g/t Au (from 0m)		0.30%
				42		66		24		2.11	24m @ 1.64% Cu + 0.62g/t Au (from 42m)		1.00%
		including		50		56		6		2.67	6m @ 1.97% Cu + 0.91g/t Au (from 50m)		2.00%
		and		62		66		4		4.49	4m @ 3.69% Cu + 1.06g/t Au (from 62m)		2.00%
ACD029				178		190		12		0.91	12m @ 0.53% Cu + 0.51g/t Au (from 178m)		0.30%
		including		184		190		6		1.16	6m @ 0.76% Cu + 0.53g/t Au (from 184m)		1.00%
ACD030				192		260		68		0.66	68m @ 0.43% Cu + 0.31g/t Au (from 192m)		0.30%
		including		210		212		2		3.41	2m @ 1.49% Cu + 2.53g/t Au (from 210m)		2.00%
		and		218		222		4		1.72	4m @ 0.91% Cu + 1.06g/t Au (from 218m)		1.00%
ACD031				0		10		10		0.36	10m @ 0.24% Cu + 0.15g/t Au (from 0m)		0.30%
				20		34		14		0.64	14m @ 0.59% Cu + 0.06g/t Au (from 20m)		0.30%
				44		54		10		0.76	10m @ 0.62% Cu + 0.19g/t Au (from 44m)		0.30%
				84		90		6		0.86	6m @ 0.36% Cu + 0.66g/t Au (from 84m)		0.30%
				98		112		14		1.49	14m @ 1.29% Cu + 0.26g/t Au (from 98m)		0.30%
		including		98		102		4		3.92	4m @ 3.66% Cu + 0.35g/t Au (from 98m)		1.00%
		and		100		102		2		6.29	2m @ 5.8% Cu + 0.64g/t Au (from 100m)		2.00%
ACD032				4		16		12		0.37	12m @ 0.33% Cu + 0.06g/t Au (from 4m)		0.30%
				46		112		66		1.37	66m @ 1.2% Cu + 0.23g/t Au (from 46m)		0.30%
		including		48		54		6		1.53	6m @ 1.18% Cu + 0.45g/t Au (from 48m)		1.00%
		and		48		50		2		2.10	2m @ 1.59% Cu + 0.67g/t Au (from 48m)		2.00%
		and		60		74		14		3.51	14m @ 3.31% Cu + 0.26g/t Au (from 60m)		1.00%
		and		62		74		12		3.79	12m @ 3.58% Cu + 0.27g/t Au (from 62m)		2.00%
		and		98		104		6		2.50	6m @ 1.95% Cu + 0.72g/t Au (from 98m)		1.00%
		and		98		102		4		3.12	4m @ 2.51% Cu + 0.8g/t Au (from 98m)		2.00%
				120		138		18		0.60	18m @ 0.44% Cu + 0.22g/t Au (from 120m)		0.30%
ACD033				0		108		108		1.89	108m @ 1.26% Cu + 0.87g/t Au (from 0m)		0.30%
		including		20		46		26		2.52	26m @ 1.48% Cu + 1.37g/t Au (from 20m)		1.00%
		and		24		40		16		3.18	16m @ 1.89% Cu + 1.7g/t Au (from 24m)		2.00%
		and		62		88		26		4.26	26m @ 3.18% Cu + 1.62g/t Au (from 62m)		1.00%
		and		64		84		20		5.24	20m @ 3.91% Cu + 1.99g/t Au (from 64m)		2.00%
		and		104		108		4		1.28	4m @ 1.03% Cu + 0.32g/t Au (from 104m)		1.00%
ACD034				0		48		48		0.61	48m @ 0.46% Cu + 0.2g/t Au (from 0m)		0.30%
		including		42		48		6		1.29	6m @ 1.14% Cu + 0.2g/t Au (from 42m)		1.00%
				156		180		24		0.81	24m @ 0.59% Cu + 0.29g/t Au (from 156m)		0.30%
		including		164		170		6		1.16	6m @ 0.84% Cu + 0.42g/t Au (from 164m)		1.00%
ACD035				6		40		34		1.10	34m @ 0.75% Cu + 0.47g/t Au (from 6m)		0.30%
		including		22		40		18		1.77	18m @ 1.2% Cu + 0.74g/t Au (from 22m)		1.00%
		and		22		24		2		2.92	2m @ 1.29% Cu + 2.14g/t Au (from 22m)		2.00%
		and		30		34		4		2.16	4m @ 1.18% Cu + 1.29g/t Au (from 30m)		2.00%
		and		38		40		2		2.14	2m @ 2.03% Cu + 0.15g/t Au (from 38m)		2.00%
				98		108		10		0.76	10m @ 0.53% Cu + 0.3g/t Au (from 98m)		0.30%
		including		100		104		4		1.33	4m @ 0.87% Cu + 0.61g/t Au (from 100m)		1.00%
				122		182		60		0.56	60m @ 0.4% Cu + 0.21g/t Au (from 122m)		0.30%
		including		170		174		4		3.05	4m @ 2.27% Cu + 1.03g/t Au (from 170m)		1.00%
		and		170		172		2		4.59	2m @ 3.59% Cu + 1.31g/t Au (from 170m)		2.00%

*Intercepts calculated using a:

0.3% eCu cutoff with 6m maximum internal dilution and a 6m minimum width.

1.0% eCu cutoff uses 4m maximum internal dilution and 4m minimum width.

2.0% eCu cutoff uses 2m maximum internal dilution and 2m minimum width.

The “includes” & “and” intercepts are found within the preceding intercept, and represent higher grade portions therein.

True width intervals of the mineralization are interpreted as being between 90-100% true widths from oriented diamond drill core and sectional interpretation.

Copper equivalent (eCu) calculations assume a US$2.50/lb copper price and a US$1300/Oz gold price.

For intercept calculations: sample assays of copper, gold and copper equivalent are all capped to 10% Cu, 10 g/t Au, and 10 % eCu.

To view Figure 1: Project Location and licenses on magnetics, please visit: https://media3.marketwire.com/docs/Cordoba1.jpg
To view Figure 2: Labelled drill collars’ results are the subject of this release, please visit: https://media3.marketwire.com/docs/Cordoba2.jpg
To view Figure 3: Two zoom in areas of labelled drill collars’ results are the subject of this release, please visit: https://media3.marketwire.com/docs/Cordoba3.jpg
To view Figure 4: Section 855880mN, please visit: https://media3.marketwire.com/docs/Cordoba4.jpg
To view Figure 5: Section 855570mN, please visit: https://media3.marketwire.com/docs/Cordoba5.jpg
To view Figure 6: Section 855250mN, please visit: https://media3.marketwire.com/docs/Cordoba6.jpg
To view Figure 7: January 2017 resource shells showing intercepts outside the conceptual whittle pit, please visit: https://media3.marketwire.com/docs/Cordoba7.jpg
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.