Condor Receives Final Drill Permit at Huinac Punta High-Grade Silver Prospect
Condor Resources has received the final Initiation of Activities permit for its Huinac Punta project after completing the Consulta Previa process. The company is now ready to commence its maiden drill program at this silver-dominant polymetallic prospect. Surface sampling has revealed high-grade silver and elevated copper, zinc, lead, and cobalt values. Historical Spanish colonial mining works are present, with accessible adits showing elevated silver values in sulfide material. The project shows potential for a large, carbonate replacement style mineralized body, and the company plans to target geological and geophysical features suggesting a bulk tonnage silver and base metals deposit.
Condor Resources ha ricevuto il permesso finale di Inizio Attività per il suo progetto Huinac Punta dopo aver completato il processo di Consulta Previa. L'azienda è ora pronta a dare inizio al suo primo programma di perforazione in questo progetto polimetallico dominato dall'argento. I campionamenti superficiali hanno rivelato argento di alta lega e valori elevati di rame, zinco, piombo e cobalto. Sono presenti opere minerarie storiche del periodo coloniale spagnolo, con gallerie accessibili che mostrano valori elevati di argento nel materiale solfureo. Il progetto mostra potenzialità per un grande corpo mineralizzato in stile sostituzione carbonatica, e l'azienda prevede di mirare a caratteristiche geologiche e geofisiche che suggeriscono un deposito di argento e metalli base di tonnellaggio elevato.
Condor Resources ha recibido el permiso final para iniciar actividades de su proyecto Huinac Punta tras completar el proceso de Consulta Previa. La empresa ahora está lista para comenzar su primer programa de perforación en este prospecto polimetálico dominado por la plata. El muestreo en superficie ha revelado plata de alta ley y elevados valores de cobre, zinc, plomo y cobalto. Existen obras mineras históricas coloniales españolas, con aditos accesibles que muestran valores elevados de plata en material sulfuros. El proyecto muestra potencial para un gran cuerpo mineralizado de tipo reemplazo de carbonato, y la empresa planea dirigir su atención a características geológicas y geofísicas que sugieren un depósito de plata y metales base de gran tonelaje.
콘도르 리소스는 우이나크 푼타 프로젝트의 활동 시작 최종 허가를 받았습니다. 이는 Consulta Previa 과정을 완료한 후 이루어진 것입니다. 이 회사는 이제 이 은 중심의 다원소 프로젝트에서 첫 번째 드릴 프로그램을 시작할 준비가 되었습니다. 표면 샘플링에서 고등급 은과 높은 구리, 아연, 납 및 코발트 값이 밝혀졌습니다. 역사적인 스페인 식민지 채굴 작업이 존재하며, 접근 가능한 갱도가 황화물에서 높은 은 값을 보여줍니다. 이 프로젝트는 대규모 탄산염 대체 스타일의 광체 가능성을 보이며, 회사는 대량의 은 및 비철금속 매장량이 암시되는 지질학적 및 지구물리적 특징을 목표로 할 계획입니다.
Condor Resources a reçu le permis final de lancement des activités pour son projet Huinac Punta après avoir complété le processus de Consulta Previa. L'entreprise est désormais prête à commencer son premier programme de forage sur ce gisement polymétallique dominé par l'argent. L'échantillonnage en surface a révélé de l'argent de haute qualité ainsi que des valeurs élevées de cuivre, de zinc, de plomb et de cobalt. Des anciennes exploitations minières coloniales espagnoles sont présentes, avec des galeries accessibles montrant des valeurs élevées d'argent dans le matériau sulfuré. Le projet présente un potentiel pour un grand corps minéralisé de type remplacement carbonaté, et l'entreprise prévoit de cibler les caractéristiques géologiques et géophysiques suggérant un dépôt en grande quantité d'argent et de métaux de base.
Condor Resources hat die endgültige Genehmigung zur Einleitung von Aktivitäten für sein Huinac Punta Projekt erhalten, nachdem der Consulta Previa-Prozess abgeschlossen wurde. Das Unternehmen ist nun bereit, sein erstes Bohrprogramm in diesem silberdominierten polymetallischen Projekt zu starten. Oberflächenproben haben hochgradiges Silber sowie erhöhte Kupfer-, Zink-, Blei- und Kobaltwerte ergeben. Historische spanische Kolonialbergwerke sind vorhanden, wobei zugängliche Stollen hohe Silberwerte im Sulfidmaterial aufweisen. Das Projekt zeigt Potenzial für einen großen mineralisierten Körper im Carbonat-Ersatzstil, und das Unternehmen plant, geologische und geophysikalische Merkmale anzuzielen, die auf ein bedeutendes Silber- und Basismetallvorkommen hinweisen.
- Received final drilling permit for Huinac Punta project
- Surface sampling shows high-grade silver and multiple base metals presence
- Historical mining evidence confirms silver mineralization
- Three-year exploration window secured for multiple drilling programs
- None.
VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to report that it has successfully completed the Consulta Previa process at Huinac Punta and received the final Initiation of Activities permit from the Ministry of Energy & Mines. This is a critical milestone for the Company, clearing the way for the planned exploration program at this highly prospective project.
Chris Buncic, President & CEO of Condor, commented, "the completion of the Consulta Previa process at Huinac Punta and the Initiation of Activities is a major turning point for the project. Condor has been advancing this prospective project for several years, first receiving its DIA or principal permit in 2020. With this step behind us, the Company is preparing to kick off its maiden drill program at Huinac Punta, and has latitude for several subsequent programs over the next three years. We are excited to begin work in this highly prospective belt that hosts a number of the world's largest base and precious metals mines."
The Huiñac Punta project has the potential to host a large, carbonate replacement style silver-dominant polymetallic mineralized body. Based on sampling of existing surface exposures, mineralization includes high-grade Ag and elevated Cu, Zn, Pb and Co values. Evidence of historical works from Spanish colonial times is present with several accessible historical adits showing evidence of the elevated silver values associated with disseminated grey and black breccia-hosted sulfide material consisting of sphalerite, galena, chalcocite, bornite, covellite and undetermined lead and silver sulphosalts. The first phase drill program will target geological and geophysical features that suggest potential for discovery of a bulk tonnage silver and base metals deposit.
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.
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.
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 accesswire.com
FAQ
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