Cordoba Minerals Announces the Commencement of Diamond Drilling at the San Matias Copper-Gold Project

TORONTO, ONTARIO--(Marketwired - Nov. 23, 2015) - Cordoba Minerals Corp. (TSX VENTURE:CDB) ("Cordoba" or the "Company") is pleased to announce the commencement of diamond drilling at the San Matias Copper-Gold Project (the "San Matias Project") in the Department of Cordoba, Colombia. The current diamond drilling campaign will focus on the recently acquired Alacran Property located within the San Matias Project. The planned 3,000 metre diamond drill program will test both strike and vertical extensions of the mineralization, largely within the central and northern parts of the deposit where previous drilling returned 188 metres of 0.71% Cu and 0.25 g/t Au in ASA-012 and 128 metres of 0.84% Cu and 0.45 g/t Au in ASA-014.

Mario Stifano, CEO of Cordoba, commented: "We are excited to commence the initial 3,000 metre diamond drilling program at Alacran where the vertical depth of the deposit is largely untested and remains open over the current 1.3 kilometre strike length including the northern parts of the deposit where some of the best copper-gold intersections have been intersected to date."

ALACRAN COPPER-GOLD PROJECT

The Alacran Copper-Gold Project is located within a 390-hectare mining title (2.3 km x 1.7 km) in the northern central parts of the San Matias Project. The copper-gold mineralization is associated with stratabound replacement of a marine volcano-sedimentary geological sequence in the core of a faulted antiformal fold structure. The deposit comprises moderate to steeply dipping stratigraphy that is mineralized as a series of sub-parallel replacement-style or manto deposits and associated disseminations. The copper-gold mineralization is composed of largely chalcopyrite ± pyrrhotite with associated metasomatic magnetite and distal disseminated pyrite. High temperature biotite-amphibole-K feldspar alteration in the host geological sequence, and in adjacent geology, indicate that the copper-gold mineralization is proximal to a source intrusion.

The majority of the intersected mineralization at Alacran has only been tested to an average vertical depth of 150 metres, with the deepest intersections only 240 metres below surface. Mineralization is traced over a strike length of greater than 1.3 kilometres. Alacran is approximately two kilometres southwest of the Company's Montiel discovery, where recent drilling interested 101 metres of 1.0% Cu and 0.65 g/t Au, and two kilometres west of Costa Azul where recent drilling interested 87 metres of 0.62% Cu and 0.51 g/t Au (see Fig 1).