Condor Resources Inc. - ("Condor" or the "Company") is pleased to announce that Mariana Resources Ltd. ("Mariana") has advised it has commenced a 2000m diamond drill program at the Company's 100% owned Soledad project.
Soledad is located in the Cordillera Negra metallogenic province approximately 35 km south of Barrick Gold's Pierina mine, in the Ancash Department, Peru. Mariana has an option to earn a 70% interest in the project.
The first hole is intended to verify the results obtained in 1996 by a junior exploration company which drilled Breccia #1 and reported an intersection of 61.5m of 1.9 g/t Au, 146g/t Ag, and 1.8% Cu, starting at 68m depth. The Mariana drill program will subsequently target other prospective areas at Soledad, which include eight other quartz-tourmaline-iron oxide breccias, an epithermal high sulphidation alteration zone, and test for confirmation of a possible intrusive centre at depth.
"We are very pleased with the progress to date at Soledad," stated Mr. Marquez, Condor's Lima based VP of Exploration. "Our team here has been assisting Mariana with the planning of this program, and are excited to see the drill turning."
The Company currently has three of its properties under active exploration by third parties, and looks forward to a steady flow of results from these programs. In addition, the Company is actively seeking partners on its other projects, and is reviewing new opportunities identified by its Lima based exploration team.
ON BEHALF OF THE BOARD
Lyle Davis, President & Chief Executive Officer
Dr. Richard Culbert is the Qualified Person under NI 43-101 who has approved the technical content of this news release.
Source: http://www.condorresources.com