Condor Resources has received the positive results of the reconnaissance sampling program performed at its San Martin sediment property in south Peru.
Condor acquired the San Martin project through staking and owns it, which is situated in the Castilla province of Arequipa department and is about 7 km to the southeast part of the Orcopampa gold mine and 1,350 km to the southeast part of Lima city. The property is present in the precious metals belt of Caylloma-Orcopampa in south central Peru and the Cretaceous-aged quartzites that are strongly silicified and hydrothermally brecciated over the observed region in a 700 x 100 m are present under the property. Grey sulphides that are fine grained, scattered pyrite, iron oxides and rich barite-silica bits are contained in the silicified breccia clasts and matrix.
The first reconnaissance sampling program performed on the hydrothermal breccia has included compilation of 41 chip channel samples, wherein 23 samples has gold value of more than 100 ppb and , 7 samples with over 0.5 g/t gold and top gold values of 1.88 g/t and 1.58 g/t. Also, 18 chip samples has silver values of over 15 g/t that contains 7 chip samples with 50 g/t silver and top silver values of 745 g/t, 388 g/t and 244 g/t.
The company has scheduled to perform comprehensive sampling and mapping on the uncovered hydrothermal breccia region and to sample the adjacent regions with an aim of outlining the target level below the glacial-fluvial cover. It has also planned for a resistivity or IP geophysical survey. Condor has not formerly drill tested or sampled this fresh epithermal sediment with the discovery of precious metals.
Source: http://www.condorresources.com/