Mario Stifano, President & CEO of Cordoba Minerals (CDB.V) explains how this junior exploration company is looking for commodities in Colombia.
We basically had a very large land package in this northern part of Colombia that we recognized being copper gold that no other company explored or really aggressively looked for commodities in that area. Basically we call it the San Matias project, which is over 20,000 hectares of ground.
So having drilled that with some of the historical drilling there, we’ve now recognized we have a real deposit. There is a historical resource there of 37 million tons 0.62 copper and 0.4 gold, so real high grade deposit. This is the most chargeable district that they ever surveyed anywhere. It’s telling us with the surface showings, the drilling, that we are in a very special district.
And then when you factor in where we’re located, being next to an operating mine, Cerro Matoso, which is operated by South32, it’s been operating for over 30. There is two open-pit coal mines as well next to us. We are in the best location for open-pit mines in Colombia. We don’t have any issues with social, security; the people that are in our area want to work at mines. That’s where they make their living. And our purpose there is to drill the deposit to show that we have a very attractive and sizable resource. BlackRock is an investor, Gold 2000 is an investor. We also have a very large investor in Robert Friedland.