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Condor Resources Encounters Encouraging Results from San Martin Project

Published on February 18, 2012 at 1:34 AM

By Joel Scanlon

Condor Resources has declared that it has obtained the second and third diamond drill hole results from the San Martin project in South Peru. The location of the hole SMA-002 was around 80 m towards the northern part of the hole SMA-001, and focused on the continuous depth returning positive silver assays from the surface chip-channel samples.

The company has intersected 0.54 g/t gold and 25.04 g/t over 6.15 m, 0.12 g/t gold and 63.89 g/t over 12.15 m from the second hole.

Condor drilled the hole SMA-002 to 163 m of depth, and the hole went from the hydrothermal breccia mineralization to invasive silica-altered intercalated shales-quartzites and crackle breccias along with anomalous values of silver.

The company drilled the SMA-003 around 50 m towards the western part of the hole SMA-001 and drilled to 143 m of depth. It intercepted continuous mineralized silver, including 6.80 g/t silver over 80.3 m, 21.96 g/t silver over 6.2 m and 11.35 g/t silver over 10.5 m.

The primary three holes drilled at San Martin project were specifically designed to examine the regions of highly anomalous values of silver received during surface sampling and to validate the presence of anomalous silver and local assays of gold up to 1.49 g/t gold over 1.80 m in fluidization channels present in the invasively brecciated and silicified shales and quartzites. These primary drill holes were located on the geophysical IP anomaly’s boundaries.

The phase I drilling for around 3000 m has targeted the Cretaceous-aged quartzites, which have been strongly silicified and hydrothermally brecciated, and are open on surface over an area having length and width of around 700 m and 100 m. The location of the San Martin project is in the Caylloma-Orcopampa precious metals belt in South Peru, around 7 km towards the Orcopampa gold mine’s southeast part.

Source: http://www.condorresources.com/

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