Condor Resources has reported further test results from 145 new samples at its San Martin, which is a precious metals property in the Caylloma-Orcopampa belt, south Peru.
The strongly silicified and hydrothermally brecciated Cretaceous-aged quartzites cover around 700 x 100 m of the San Martin property area. The silicified breccia of barite-quartz matrix has been oxidized and indigenous scattered grey sulphides scraps are being conserved. Condor encounters 3240 g/t silver and 1.97 g/t gold over 4 m, 3490 g/t silver and 3.1 g/t gold over 2 m from the chip samples, which is obtained from the breccia’s two individual sites. It has not formerly drill tested and sampled this latest discovery.
The 145 rock chip channel sample assays at the property persist to extend and validate the anomalous silver and gold zone values. The company has encountered more than 15 g/t silver from 99 samples, over 50 g/t silver from 53 samples and beyond 100 g/t silver from 26 samples. The breccia has returned high values of silver including 3490 g/t, 3240 g/t, 1830 g/t, 824 g/t and 552 g/t over 2 m. Condor has yielded more than 0.5 g/t gold from the 15 out of rock chip channel samples and over 1 g/t gold from the 9 samples, which includes 3.1 g/t, 2.73 g/t and 2.67 g/t of gold.
The anomalous barite-silica zone additionally has high pioneering values of antimony and bismuth, but low base metal values. The hydrothermal breccia zone, which has gold and silver mineralization, inferred to be revealed in an erosion window and has potential to widen the surface of the sampled mineralization region. The geologists of the company are directing the compilation and preparation of all the samples for delivery and the samples to be examined by ALS Minerals in Peru.
The Company has scheduled for a Resistivity or IP geophysical survey at the earliest with an aim to find the mineralized system extensions below the glacial-fluvial and younger volcanic cover.