Condor Confirms Copper Molybdenum Porphyry Discovery at Rio Bravo With Newly Acquired Data
Condor Resources has confirmed a significant copper-molybdenum porphyry discovery at its 100%-owned Rio Bravo project, located 112 km southeast of Lima, Peru. The confirmation comes from newly acquired historical data from a major mining company that previously owned the project.
The data includes results from 11 drill holes totaling 5,729m from 2012, showing significant mineralization intervals. Notable intersections include: 220m at 0.32% Cu and 275 ppm Mo, 324m at 0.32% Cu and 199 ppm Mo, and 312m at 0.29% Cu and 329 ppm Mo.
After reviewing the comprehensive data package, which includes soil geochemistry, ground geophysics, and detailed geological mapping, Condor interprets potential for a higher-grade core approximately 400m southeast and deeper from previous drilling locations. The mineralization system remains open in all directions, with the main core of the intrusive porphyry still untested.
Condor Resources ha confermato una significativa scoperta di porfido di rame-molibdeno nel suo progetto Rio Bravo, di cui possiede il 100%, situato a 112 km a sud-est di Lima, in Perù. La conferma arriva da dati storici recentemente acquisiti da una grande azienda mineraria che in precedenza possedeva il progetto.
I dati includono i risultati di 11 fori di perforazione per un totale di 5.729 metri dal 2012, mostrando intervalli di mineralizzazione significativi. Le intersezioni notevoli includono: 220m a 0,32% Cu e 275 ppm Mo, 324m a 0,32% Cu e 199 ppm Mo, e 312m a 0,29% Cu e 329 ppm Mo.
Dopo aver esaminato il pacchetto dati completo, che include geochimica del suolo, geofisica di superficie e mappatura geologica dettagliata, Condor interpreta un potenziale per un nucleo a più alta gradazione a circa 400m a sud-est e più in profondità rispetto ai precedenti siti di perforazione. Il sistema di mineralizzazione rimane aperto in tutte le direzioni, con il nucleo principale del porfido intrusivo ancora da testare.
Condor Resources ha confirmado un importante descubrimiento de porfido de cobre-molibdeno en su proyecto Rio Bravo, del cual posee el 100%, ubicado a 112 km al sureste de Lima, Perú. La confirmación proviene de datos históricos adquiridos recientemente de una importante empresa minera que anteriormente poseía el proyecto.
Los datos incluyen resultados de 11 agujeros de perforación que totalizan 5,729m desde 2012, mostrando intervalos de mineralización significativos. Las intersecciones notables incluyen: 220m a 0.32% Cu y 275 ppm Mo, 324m a 0.32% Cu y 199 ppm Mo, y 312m a 0.29% Cu y 329 ppm Mo.
Después de revisar el paquete de datos completo, que incluye geoquímica del suelo, geofísica de superficie y mapeo geológico detallado, Condor interpreta un potencial para un núcleo de mayor grado a aproximadamente 400m al sureste y más profundo que los lugares de perforación anteriores. El sistema de mineralización sigue abierto en todas las direcciones, con el núcleo principal del porfido intrusivo aún sin probar.
곰돌이 리소시스 는 페루 리마에서 남동쪽으로 112킬로미터 떨어진 곳에 위치한 100% 소유의 리오 브라보 프로젝트에서 중요한 구리-몰리브덴 포르피리 발견을 확인했습니다. 이 확인은 이전에 해당 프로젝트를 소유하고 있던 대규모 광산 회사로부터 최근에 인수한 역사적 데이터에서 비롯되었습니다.
데이터에는 2012년에 대한 5,729m를 총합하는 11개의 드릴 홀 결과가 포함되어 있으며, 중요한 광물화 구간을 보여줍니다. 주목할 만한 교차점은: 220m에서 0.32% Cu 및 275 ppm Mo, 324m에서 0.32% Cu 및 199 ppm Mo, 312m에서 0.29% Cu 및 329 ppm Mo입니다.
토양 화학, 지표 지구물리학 및 상세한 지질 맵핑을 포함하는 포괄적 데이터 패키지를 검토한 후, 곰돌이 리소시는 이전 드릴링 위치에서 남동쪽으로 약 400m 및 더 깊은 곳에 고품위 코어의 가능성을 해석합니다. 광물화 시스템은 모든 방향으로 열려 있으며, 여전히 테스트되지 않은 포르피리의 주요 코어가 남아 있습니다.
Condor Resources a confirmé une découverte significative de porphyre cuivre-molybdène dans son projet Rio Bravo, dont il détient 100%, situé à 112 km au sud-est de Lima, au Pérou. La confirmation provient de nouvelles données historiques acquises auprès d'une grande entreprise minière ayant précédemment possédé le projet.
Les données incluent les résultats de 11 forages totalisant 5 729 m datant de 2012, révélant des intervalles de minéralisation significatifs. Les interconnexions notables comprennent : 220m à 0,32% Cu et 275 ppm Mo, 324m à 0,32% Cu et 199 ppm Mo et 312m à 0,29% Cu et 329 ppm Mo.
Après avoir examiné le paquet de données complet, qui inclut la géochimie des sols, la géophysique de surface et la cartographie géologique détaillée, Condor interprète le potentiel d'un cœur de plus haute qualité à environ 400m au sud-est et plus profondément par rapport aux précédents sites de forage. Le système de minéralisation reste ouvert dans toutes les directions, avec le noyau principal du porphyre intrusif encore non testé.
Condor Resources hat einen bedeutenden Kupfer-Molybdän-Porphyrentdeckung in seinem 100%igen Rio Bravo-Projekt bestätigt, das sich 112 km südöstlich von Lima, Peru, befindet. Die Bestätigung basiert auf neu erworbenen historischen Daten von einem großen Bergbauunternehmen, das zuvor das Projekt besessen hat.
Die Daten umfassen Ergebnisse von 11 Bohrlöchern mit insgesamt 5.729 m aus dem Jahr 2012, die bedeutende Mineralisierungsintervalle zeigen. Bemerkenswerte Durchschneidungen umfassen: 220m bei 0,32% Cu und 275 ppm Mo, 324m bei 0,32% Cu und 199 ppm Mo und 312m bei 0,29% Cu und 329 ppm Mo.
Nach der Überprüfung des umfassenden Datenpakets, das die Geochemie des Bodens, geophysikalische Daten und detaillierte geologische Kartierungen umfasst, interpretiert Condor das Potenzial für einen hochwertigeren Kern, der sich etwa 400m südöstlich und tiefer als die vorherigen Bohrstellen befindet. Das Mineralisierungssystem bleibt in alle Richtungen offen, wobei der Hauptkern des intrusiven Porphyres noch ungetestet ist.
- Significant copper-molybdenum mineralization confirmed through historical drilling
- Extensive mineralization intervals: 220-324m with grades of 0.29-0.32% Cu
- Project located in prolific South-Central Peru porphyry copper-molybdenum belt
- Mineralization system open in all directions with untested main core
- 100% ownership of the project
- Historical data from 2012 may not conform to current NI 43-101 standards
- Main core of the porphyry system remains untested
- Additional drilling required to confirm higher-grade core potential
Highlights:
Historical drilling, geochemical and geophysical data recently obtained from a major mining company that previously controlled the Rio Bravo project confirms intersections of significant porphyry copper and molybdenum mineralization associated with a largely untested target.
Three historical drill holes completed in 2012 encountered 200+ m intercepts of mineralization:
DDH-01 intersected 220 m grading
0.32% Cu and 275 ppm Mo (0.51% CuEq)*DDH-06 intersected 324 m grading
0.32% Cu and 199 ppm Mo (0.47% CuEq)*DDH-08 intersected 312 m grading
0.29% Cu and 329 ppm Mo (0.54% CuEq)*
After a thorough review of this newly acquired data package including surface mapping rock geochemistry and ground geophysics, Condor interprets the potential for discovery of a higher-grade core of the Rio Bravo porphyry system as being centered approximately 400 m southeast and somewhat deeper from the location of the prior encouraging drilling activity.
Rio Bravo is a highly marketable project for Condor creating accretive value for our shareholders
VANCOUVER, BC / ACCESS Newswire / February 3, 2025 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to report the results of the evaluation of historical technical data acquired from a major international mining company that had previously owned and operated the Company's
A review of the historical data together with the Company's own surface work at Rio Bravo highlights potential for definition a significant new deposit with significant grades of copper and molybdenum predominantly in primary sulfides, occurring from surface and below an observed leached cap. Historical drilling was carried out in the contact zone between the observed assemblages, with the porphyry-type mineralizing system open in all directions. Six significant intercepts include the following:
Table 1: Select historical drill holes from Rio Bravo project (c. 2012)
DH | From (m) | To (m) | Width (m) | Cu (%) | Mo (ppm) | CuEq (%)* |
DDH-01 Including | 8 138 | 228 154 | 220 16 | 0.32 0.49 | 275 437 | 0.52 0.80 |
DDH-02 | 122 | 172 | 50 | 0.38 | 40 | 0.41 |
DDH-04 | 20 | 62 | 42 | 0.30 | 350 | 0.55 |
DDH-06 Including | 10 40 128 | 334 54 146 | 324 14 18 | 0.32 0.63 0.56 | 199 215 264 | 0.46 0.78 0.75 |
DDH-07 | 6 | 106 | 100 | 0.25 | 170 | 0.37 |
DDH-08 | 6 | 318 | 312 | 0.29 | 329 | 0.52 |
*CuEq (%) based on prices Cu =
Drilling was carried out in a relatively restricted portion of the NW sector of the main Cu-Mo core target, based on a comprehensive review of the data by Condor's exploration team, historical drilling has targeted the contact zone but the main core of the intrusive porphyry remains totally untested.
Ever Marquez, VP Exploration, commented "Rio Bravo represents a significant new copper-molybdenum porphyry-type discovery in South Central Peru, where the western crustal suture of the Central Andes controls the Cretaceous-Tertiary copper belt that hosts Rio Bravo. For Condor and its shareholders, this property represents a significant opportunity for future growth".
The main core of the porphyry-type alteration and elevated copper and molybdenum in rock samples outcrops along 1 km of the main ravine within an alteration halo of several kilometers in size, implying potential for discovery of a large tonnage bulk mineable system. Potassic type alteration assemblages consist of quartz, sericite, secondary biotite, with stockworks of multiple veinlet events, mineralized with pyrite, chalcopyrite, bornite, molybdenite both disseminated and in veinlets interpreted as the core of the porphyry-type system. The external interpreted propylitic-type halo contains alteration assemblages of quartz, sericite, chlorite, magnetite, minor pyrite, chalcopyrite, with stockworks and intense secondary iron oxides. Secondary copper carbonates and silicates are found throughout both alteration assemblages.
The alteration and mineralization system is hosted within multiple porphyritic intrusion events with hornblende and feldspar phenocrysts, which intruded to Jurasic - Cretaceous rocks of the coastal batholith as well as sedimentary rocks of the Jurassic and Cretaceous.
Technical Disclosure/Qualified Person
The scientific and technical information in this press release has been reviewed and approved by Dr. Quinton Hennigh, (P.Geo., PhD), a Qualified Person as defined in National Instrument 43-101 and a Director of Condor Resources. Readers are cautioned that the technical information provided in this press release is of a historical nature and does not necessarily conform to the updated standards set out by NI 43-101 and thus should not be solely relied upon. The data provided by the major mining company was not accompanied by a Qualified Person statement that verified the historical values as current.
About Condor Resources Inc.
Condor Resources is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company's flagship project, Pucamayo, is an 85 km2 property containing a high sulfidation epithermal system with disseminated precious metals mineralization with a large lithocap alteration visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the potential to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the potential for discovery of a bulk tonnage silver and base metals deposit. The Company has optioned several large projects to partners who continue to advance these projects. The Company's award-winning exploration team in Peru has a long history of success in discovering and advancing high quality exploration projects and managing the social aspects of its exploration activities.
For more information, please visit the Company's website at www.condorresources.com.
Follow Condor Resources (@CondorResources) on X and (@condor-resources) on LinkedIn.
ON BEHALF OF THE BOARD
Chris Buncic
President & Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.
Although the Company believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Condor Resources, Inc.
View the original press release on ACCESS Newswire
FAQ
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