Cordoba Minerals Secures the Guadalajara Project located within the San
Matias Porphyry District
Vancouver, BC, April 28, 2014: Cordoba Minerals Corp. (TSX-V:CDB) (“Cordoba” or the
“Company”) is pleased to announce that it has secured the rights to the Guadalajara Project located in the
Department of Cordoba, Colombia that is interpreted as being highly prospective for porphyry style
mineralization and displays extensive areas of varying porphyry-style alteration, and numerous goldanomalous drainages.
The Guadalajara Project is a 2,000 hectare land package located 13 kilometres to the SSW of BHP
Billiton’s Cerro Matoso open pit nickel mine and within seven kilometers of the Company’s San Matias
Project (see Figure 1). The Guadalajara Project area is largely associated with intrusive rocks and
mafic/intermediate volcanic rocks that display extensive zones of porphyry-style propyllitic alteration and
zones of diatreme breccia development and is therefore highly prospective for porphyry-style
mineralization. To date the major diatreme breccia located is over one kilometre in strike and displays
both volcanic and intrusive clasts with potassic-style alteration (magnetite and secondary biotite)
associated with a matrix of phyllic and propyllitic alteration styles. Stream sediment sampling in this area
has shown numerous drainages with visible gold in pan concentrate samples.
Mario Stifano, CEO of Cordoba, commented: “The Company has been leveraging its geological
knowledge and first mover advantage in this highly prospective and unexplored copper-gold porphyry
district, by locking up what we believe is ground with the most potential for large copper-gold porphyry
discoveries.”
Transaction Terms
Cordoba has paid an initial US$50,000 payment on signing of the agreement with a commitment to spend
US$250,000 in exploration activities within one year. After completion of the exploration expenditures
the Company will be granted the option to acquire a 98% interest in the Guadalajara Project under the
following terms:
I.
A US$150,000 payment on signing of a formal option agreement (the “Option Agreement”)
with minimum exploration expenditures of US$500,000 including 1,000m of drilling in the
first year.
II.
A US$250,000 payment 12 months after the signing of the Option Agreement with minimum
exploration expenditures of US$1,000,000 including at least 2,500m of drilling during the
second year.
III.
A US$350,000 payment 24 months after the signing of the Option Agreement with minimum
exploration expenditures of US$2,000,000 including at least 5,000m of drilling during the
third year and completion of a NI 43-101 resource calculation by the end of the third year.
-2The Company will have the right to terminate the Option Agreement at any time without penalty.
On the completion of a Feasibility Study the Optionor will have the right to sell their remaining 2% stake
in the Project for US$5.00 per ounce of gold and US$0.035 per pound of copper for such metals that are
in the Measured and Indicated category of the NI 43-101 resource calculation. The Optionor will maintain
100% of the coal rights on the Property.
Figure 1: Location of Guadalajara
Technical Information
The technical information has been reviewed, verified and compiled by Christian J. Grainger, PhD, a
Qualified Person for the purpose of NI 43-101. Dr. Grainger is a geologist with +15 years in the minerals
mining, consulting, exploration and research industries. Dr. Grainger is a Member of the Australian
Institute of Geoscientists and Australian Institute of Mining and Metallurgy.
-3About Cordoba Minerals
Cordoba Minerals Corp. is a Vancouver-based mineral exploration company focused on the exploration
and acquisition of copper and gold projects in Colombia. Cordoba currently owns 100% of the highly
prospective San Matias Project located near operating open pit mines with ideal topography in the
Department of Cordoba. For further information, please visit www.cordobamineralscorp.com.
ON BEHALF OF THE COMPANY
Mario Stifano, President and CEO
Cordoba Minerals Corp.
Symbol: TSX-V:CDB
Contact: Mario Stifano
Tel: (416) 862-5253
Email: info@cordobamineralscorp.com
Website: www.cordobamineralscorp.com
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. Forwardlooking 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.