Cordoba Minerals Announces Revised Perseverance Joint Venture Agreement with Bell Copper
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Vancouver, British Columbia--(Newsfile Corp. - March 18, 2024) - Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (otherwise "Cordoba" or the "Company") announces today that Cordoba and Bell Copper Corporation ("Bell Copper") have agreed to amend the Perseverance Joint Venture and Earn-in Agreement (the "Amended Joint Venture Agreement"), of which Cordoba has vested a
Under the Amended Joint Venture Agreement, the current earn-in phase for Cordoba has been adjusted to spend C
Original Joint Venture Agreement | Amended Joint Venture Agreement | ||
Phase 1 | C | Phase 1 | C |
Phase 2 | Additional C | Phase 2 | Additional C |
Phase 3 | Additional C | Phase 3 | Additional C |
Phase 4 | Additional C |
Table 1: Comparison of Earn-in Terms
"Cordoba continues to believe Perseverance has the potential for a massive copper porphyry system and is glad that Bell Copper is willing to work with us to adjust the Joint Venture Agreement so we could continue to explore the Project together," commented Ms. Armstrong-Montoya, President and CEO of Cordoba. "It is our plan to carry out an exploration program and TyphoonTM IP-resistivity survey at Perseverance once we obtain sufficient exploration funding and the TyphoonTM system becomes available."
About Cordoba
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is jointly developing the Alacran Project with JCHX Mining Management Co., Ltd., located in the Department of Cordoba, Colombia. Cordoba also holds a
ON BEHALF OF THE COMPANY
Sarah Armstrong-Montoya, President and Chief Executive Officer
Information Contact
Ran Li +1-604-689-8765
info@cordobamineralscorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, that Cordoba will fully execute its option to earn into an
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Cordoba operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. 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. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, interpretation of metallurgical characteristics of the mineralization, 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, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law. Readers are cautioned not to put undue reliance on these forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202073
FAQ
What is the amended Joint Venture Agreement between Cordoba Minerals Corp. and Bell Copper ?
What is Cordoba's current interest in the Perseverance Project?
What is the total project expenditure required for Cordoba to earn an 80% interest in the Perseverance Project?