Ridgway

Ridgway

Simon Ridgway’s Cordoba Minerals (TSXV:CDB), which is in the process of amalgamating with Ari Sussman‘s Sabre Metals, has completed an initial 4 hole, ~575 meter drill program at its San Matias property in Colombia, targeting high grade copper gold porphyry style mineralization, with assays expected in late October.

Cordoba’s results are being closely followed by many market participants we encountered at last week’s Toronto Resource Investment Conference, although four holes is a very small program.

Sabre/Cordoba could be spectacular, Mr. Sussman told us, citing the fact that it has potential to be high grade, which is unusual in porphyry style systems. Still, Sussman admitted that it’s a high risk proposition. Watch for assays next month and a follow up drill program in 2014.

News release: Sabre completes phase one drill program at San Matias porphyry Cu-Au target

Here’s the 6 month CDB chart:

CDB Chart

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