Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) The Company has received from Compañia Minera Casapalca S.A. ("Casapalca") the results of DDH-001, which drill hole was completed by Casapalca in late 2016.
DDH-001 is located about 100m to the south of the old workings and adits, which run from east to west. DDH-001, with an azimuth of 285° and a dip of -75°, was completed to a depth of 500.5m, and is oriented to closely parallel the old workings.
Core samples were analyzed in 2m sample lengths, starting at 8.5m, and showed anomalous but uneconomic copper values throughout the length of the hole. The best interval was from 98.5m to 100.5m, and reported 1.64% copper, and 2.7 g/t Au. Ever Marquez, Condor's V.P. Exploration noted "The initial drill hole confirmed the widespread presence of anomalous copper throughout its length, typical of the periphery of a large porphyry system. We will use this information from DDH-001 to help vector in on the core of the system with the next drill holes, expected to start shortly."
Condor is finalizing the detailed agreement with Compañia Minera Virgen de la Merced S.A.C. ("Merced") as per our news release of January 31st. We anticipate that Merced will commence their exploration program by the second quarter of 2017, as permitting is in place.
Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery of a major new precious metals or base metals deposit. Project acquisition and development is managed by our Lima based exploration team.