Drilling to Commence on the Pucamayo West Gold-Silver Target
Condor
Resources Inc. - ("Condor" or the "Company") (TSX.V:
CN) is pleased to announce that a diamond drill rig is scheduled to be
mobilized onto the Pucamayo West Gold-Silver
target on March 7th. Road access and drill platform construction are well
advanced in anticipation of the drilling rig.
The Pucamayo West Gold-Silver target has never
been drill tested. The drill program at Pucamayo
West will test the NW and NE trending low to intermediate sulphidation multiphase quartz-carbonate veins which
have been discovered to date, the largest of which has been traced along
strike for 1500m with an average width of over 15m. Channel samples from
the epithermal Au-Ag veins at Pucamayo West
have returned values up to 86.6 g/t Au and 84.8 g/t Ag over 3m, 5.85 g/t
Au and 1.69 g/t Ag over 10m, and 1.34 g/t Au and 624 g/t Ag over a 2m
width. Independent sample verification by Condor's Qualified Person, Dr.
Richard Culbert, P.Eng.,
returned results which included 1.77 g/t Au and 257 g/t Ag over 1.50m,
1.57 g/t Au and 137 g/t Ag over 2.2m, 0.96 g/t Au and 362 g/t Ag over
1.8m and 0.33 g/t Au and 387 g/t Ag over 1m. Numerous geophysical
resistivity and chargeability anomalies exist coincident with the
dominant NNW-striking vein and the drill program will test this structure
at several locations and depths along strike, as well as secondary
structures which have also returned encouraging surface results.
Continuing exploration on the east side of the Pucamayo
property recently led to the discovery of a southerly extension of the Tinco alteration zone, where anomalous geochemical
gold values have been found. As a result, an additional 5 sq km have been staked at Pucamayo,
increasing the total size of the project to 47 sq
km.
About Condor Resources Inc.
Condor Resources Inc. was incorporated in 2003 by field exploration
specialists focused on the generation of gold and copper projects in
South America, where management has extensive experience and a proven
track record of discovery. The Company's long term objective is the
discovery of a major new gold and/or base metal deposit, and its business
plan offers shareholders access to an exciting and growing portfolio of
discovery stage properties, including six 100% owned projects in Chile,
and seven projects in Peru, each offering a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact Timea Carlsen at 1-866-642-5707, or by email at:
info@condorresources.com
Cautionary Statement Regarding Forward-Looking Information: All
statements, trend analysis and other information contained in this press
release relative to markets about anticipated future events or results
constitute forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as
"seek", "anticipate", "believe",
"plan", "estimate", "expect" and
"intend" and statements that an event or result
"may", "will", "should", "could"
or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of
operations to differ materially from those contained in the
forward-looking statements. Forward-looking statements are based on
estimates and opinions of management at the date the statements are made.
The Corporation does not
undertake any obligation to update forward-looking statements even if
circumstances or management's estimates or opinions should change.
Investors should not place undue reliance on forward-looking statements.
Dr. Richard Culbert, P. Eng., is the Qualified
Person for the Company as required by NI 43-101 and has reviewed the
contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
View
News Release on the website:
http://www.condorresources.com/s/NewsReleases.asp?ReportID=445488
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