Simon Ridgway's Cordoba Minerals (TSXV:CDB), which is in the process of combining with Ari Sussman's Sabre Metals, and Paul Dias's Minatura, has discovered a new high grade copper and gold porphyry system at the company's 26,000 hectare San Matias project in Colombia's Mid Cauca Gold Belt, drilling an impressive 101.1 meters @ 1.0% copper and .065 g/t gold.

San Matias location and infrastructure map (company)

San Matias location and infrastructure map (company)

Simon Ridgway, CEO of Cordoba Minerals, commented: "Such exceptional high grade copper-gold drill results in a newly discovered porphyry system bode well for our major drill program that will commence upon completion of the merger expected early 2014. This short drill program has confirmed that exceptional copper-gold grades continue to depth and are not just a product of surface enrichment in a tropical environment. Good potential also exists for mineralization to continue westwards where significant trenching results have been received over 1,000 metres of strike. Consolidation of this district has been the focus of management for the past two and a half years, and I am confident it will provide significant shareholder value as we advance this exciting project."

News Release: Cordoba Minerals Announces the Discovery of a New High-Grade Copper and Gold Porphyry System Drilling 101.1 metres @ 1.0% Copper and 0.65 g/t Gold

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Update: As of 6:35am PST, I purchased a small trading position in CDB at $.66. Junior exploration stocks are extremely risky. Do your own due diligence.