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Cordoba Minerals and HPX Initiate Phase Two of their Joint Venture at the San Matias Copper-Gold Project in Colombia

June 13, 2016 - releases
Cordoba Minerals and HPX Initiate Phase Two of their Joint Venture at the San Matias Copper-Gold Project in Colombia

Cordoba Minerals Inc., (TSX VENTURE:V.CDB) announced today that High Power Exploration Inc. (“HPX”), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland, has completed Phase One of the Joint Venture Agreement (“JV Agreement”) and has now earned an initial, 25% interest in the San Matias Copper-Gold Project (“San Matias” or “San Matias Project”) in Colombia.

Phase Two of the Joint Venture Agreement has now commenced, whereby HPX can earn a 51% interest in San Matias by spending an additional C$10.5 million, for total exploration expenditures of C$19 million. HPX can increase its ownership in the San Matias Project to 65% by carrying it to feasibility. read more

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