Chart usGOLD   Chart usSILVER  
 
Food for thought
The heart of a statestman must be in his head
Napoléon Bonaparte  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1296.70-7.12
Silver 20.49-0.05
Platinum 1477.60-5.65
Palladium 875.10-2.65
WORLD MARKETS
DOWJONES 1700117
NASDAQ 445712
NIKKEI 1561889
ASX 558111
CAC 40 436621
DAX 965455
HUI 242-2
XAU 1020
CURRENCIES (€)
AUS $ 1.4291
CAN $ 1.4555
US $ 1.3410
GBP (£) 0.7917
Sw Fr 1.2162
YEN 136.9510
CURRENCIES ($)
AUS $ 1.0659
CAN $ 1.0855
Euro 0.7457
GBP (£) 0.5905
Sw Fr 0.9068
YEN 102.1290
RATIOS & INDEXES
Gold / Silver63.28
Gold / Oil12.90
Dowjones / Gold13.11
COMMODITIES
Copper 3.22-0.02
WTI Oil 100.54-1.13
Nat. Gas 3.76-0.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category
Condor Acquires Former Producing Gold-Silver Concessions Near Arequipa in Southern Peru
Published : December 06, 2012
( 0 vote, 0/5 ) Print article
     
Tweet
Keywords :   Buenaventura | Chile | Condor | Gold | Metals X | Peru | Reliance | Silver | Southern | X-ore |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2012) - Condor Resources Inc. ("Condor" or the "Company") (News - Market indicators) is pleased to announce that it has acquired through staking a 100% interest in 3 concessions within the ex-Shila Au-Ag epithermal mining district in Peru. The property, renamed Lucero, comprises 21 sq km and includes three small former vein mines: Sando Alcalde, Pillune and Apacheta. High grade 'bonanza-style' direct shipping ore was mined here in the past from low to intermediate sulphidation quartz-carbonate (rhodochrosite) massive sulphide veins.

Condor believes that potential remains for the discovery of additional high grade ore shoots in the 3 former producing mines, and in the numerous other veins and structures located on the property. In addition, a newly-discovered, 1.8 sq km disseminated bulk tonnage target is considered highly prospective and will be given priority in an upcoming prospecting, sampling, and mapping program at Lucero.

The Lucero property is located 130 km NW of Arequipa and 22 km SE of Buenaventura's Orcopampa mine, at elevations between 5000m and 5300m. Lucero is one of many areas of low-sulphidation epithermal Au-Ag deposits hosted in Tertiary volcanics of the Central Cordillera of southern Peru. Mining within the district, primarily for gold and silver, dates back to Inca times and continued through the period of the Spanish colonization to the present day A study is underway by Condor to compile the past production history at Lucero.

Preliminary evaluations of the property by Condor's exploration team comprised prospecting the 21 sq km property and sampling numerous veins and structures, including the surface areas surrounding the above-mentioned former producing mines. Condor's Qualified Person visited Lucero and his sample results were similar with Condor's, in that the grades were as expected for a property that has supported mining via direct ore shipping (see www.condorresources.com/s/Lucero.asp for detailed sample results).

During the prospecting work, an epithermal high sulphidation alteration zone with low sulphidation structures was identified on the property, and returned peak sample values of 33.4 g/t Au and 3,500 g/t Ag. This area, measuring approximately 1300m by 1400m in size, exhibits no evidence of prior sampling or drilling and is believed to host potential for a bulk tonnage disseminated gold-silver deposit.

Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of precious and base metals 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 precious/base metals deposit and its business plan offers shareholders access to an exciting portfolio of sixteen properties in Peru and Chile, each offering a unique path to discovery.

ON BEHALF OF THE BOARD

Patrick J. Burns, 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.

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.

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.

Condor Resources Inc.
1-866-642-5707
info@condorresources.com
www.condorresources.com
Data and Statistics for these countries : Chile | Peru | All
Gold and Silver Prices for these countries : Chile | Peru | All
Tweet

Condor Resources Inc.

EXPLORATION STAGE
CODE : CN.V
ISIN : CA20676U1049
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Condor Resources Inc.
4/13/2010Gets 25 year gold exploration and mining concession in Nicar...
Financings of Condor Resources Inc.
11/14/2013Closes on Increased Private Placement
10/30/2013Announces Increase to Previously Announced Financing
10/23/2013Closes Second and Final Tranche of Private Placement
10/11/2013Closes First Tranche of Private Placement
9/14/2012Closes Private Placement
8/20/2012Warrant Term Extended
7/26/2012Announces $500,000 Private Placement Financing
2/19/2010$3.3 Million Private Placement Closed
1/29/2010Increases size of Brokered Private Placement
1/25/2010$3 Million Brokered Private Placement
Option Grants of Condor Resources Inc.
3/16/20112,575,000 Stock Options Granted at $0,55
Nominations of Condor Resources Inc.
5/10/2008Announces Appointment of New Director
Project news of Condor Resources Inc.
2/18/2014(Condor De Oro)Project updates for Condor de Oro and Brahma
11/20/2013(Condor De Oro)Drill Results from the Condor de Oro Project; Disseminated G...
10/31/2013(Condor De Oro)Drilling Update from the Condor de Oro Project
10/15/2013(Condor De Oro)Drill Rig Mobilized at Condor de Oro Project
10/5/2013(Condor De Oro)Definitive Agreement - Condor de Oro Project, Area 1
9/17/2013(Brahma)Airborne Geophysical Survey Underway at Brahma/Austral Proje...
9/16/2013Letter of Intent signed on Soledad Project, Peru
9/13/2013Exploration Update on the Cristal Project, Chile
9/11/2013(Condor De Oro)Approval for Exploration Activities Issued for the Condor de...
8/16/2013(Brahma)signs Agreement with MMG Limited on Brahma/Austral Project
7/25/2013Drill Permit for Soledad Project, Peru
4/22/2013Drilling Update on the Cristal Project in Northern Chile
3/5/2013Drilling Commenced at Cristal Project
2/4/2013Exploration Update
10/5/2012Options its Cristal Project in Northern Chile
10/4/2012(Condor De Oro)Signs LOI with Mariana on the Condor de Oro Project in North...
4/26/2012Drill Program Completed at San Martin Highlights Include 253...
4/4/2012Second Drill Rig Added at San Martin, Geophysics Underway at...
2/27/2012Six Breccia Pipes identified on the Soledad Property. IP Su...
1/21/2012Acquires Soledad Au-Ag-Cu Project in Peru
1/19/2012San Martin intersects 14.9 m of 68.7 g/t Ag at surface in fi...
11/21/2011Drill Program underway at San Martin Project
11/15/2011Drill Rig Mobilized to the San Martin Gold-Silver project, P...
9/12/2011High Grade Silver Results at San Martin, Peru
9/7/2011Encouraging Gold-Silver values encountered at the San Martin...
8/29/2011(Chavin)Regains 100% Interest in the Chavin Silver Property, Peru
5/5/2011(Pucamayo)Phase I Drill Program Completed at Pucamayo West
3/30/2011(Pucamayo)Drilling to Commence on the Pucamayo West Gold-Silver Target
1/24/2011(Pucamayo)Permits Granted and Drill Contract Signed for Pucamayo West
11/15/2010(Chavin)High Grade Silver Mineralization Sampled at Chavin Property,...
11/2/2010(Condor De Oro)Condor de Oro, Yuracyacu Intrusive Related Gold-Copper Targe...
11/2/2010(Condor De Oro)Condor de Oro, Yuracyacu Intrusive Related Gold-Copper Targe...
1/15/2010(Pucamayo)to Fast-Track Drill Program at Pucamayo
10/12/2010(La Libertad)La Libertad Cu-Mo Porphyry Target Expanded, New Mineralized ...
4/20/2010(Pucamayo)Large High Sulphidation Alteration Zone Discovered at Pucama...
4/12/2010(Chavin)Options Chavin Property, Peru, to Golden Minerals Company
3/9/2010(La Libertad)Geophysics Confirms Porphyry Cu-Mo Target at La Libertad
1/5/2010(Pucamayo)'Bonanza-Grade' Gold & Silver Mineralization Discovered at P...
11/24/2009(Condor De Oro)Sampling Expands Extensive Mineralization & defines drill ta...
10/20/2009(Condor De Oro)Prospecting Discovers New Widespread Mineralization at Condo...
2/27/2009(Kury Intsa)Acquires the Kury Intsa Gold and Base Metals Property in the...
2/19/2009Unsolicited Drill Hole Intersects Significant Cu-Au Minerali...
12/18/2008(Brahma)Brahma Project Drill Results
9/30/2008(Condoro)Acquires Highly-Prospective Gold Property in the Cordillera ...
8/12/2008(Brahma)Intersects Copper Mineralization and Doubles Target Size at ...
7/9/2008(Brahma)Diamond Drill Turning at the Brahma Project
5/26/2008(Ocros)Final Drill Results Received for the Ocros Project, Peru
5/20/2008(Brahma)Drill Rig Mobilized To Brahma Project
Corporate news of Condor Resources Inc.
2/13/2014de Oro - Security Incident
2/10/2014Stock Options Granted
1/28/2014de Oro - Mariana Advances to Next Stage of Option and Report...
1/23/2014Francisco de Undurraga joins Condor's Advisory Board
12/20/2013(Condor De Oro)Progress Report from the Condor de Oro Drill Program
11/13/2013and Concerned Shareholders Announce Settlement
11/4/2013Mariana Resources Ltd. to Proceed with Option on Soledad Pro...
10/3/2013Announces $500,000 Financing and Corporate Appointments
7/16/2013Corporate Update
12/19/2012adopts Advance Notice Policy for Director Nominations
12/12/2012of Activities
12/6/2012Acquires Former Producing Gold-Silver Concessions Near Arequ...
10/19/2012de Oro Project Update
10/9/2012Stock Options Granted
8/31/2012Soledad Community Approval; AGM Results
7/25/2012Amendment to Outstanding Stock Options
7/5/2012High Level Epithermal Precious Metals System Identified at S...
3/6/2012Obtains Surface Rights Access at Soledad and Plans to Commen...
2/16/2012San Martin Drilling intersects 12.1m of 63.9 g/t Ag and 6.1...
1/20/2012Invites you to the Vancouver Resource Investor Conference
11/14/2011Stock Options Granted
7/26/2011Warrants Exercised; AGM Scheduled
7/18/2011Canyon Copper Corp Commences Trading Today as Tier One Compa...
7/12/2011Discovers new Epithermal Gold-Silver Occurrence in Peru
5/26/2011(Pucamayo)Drilling at Condor's Pucamayo West Project intersects 340g/t...
4/11/2011(Pucamayo)Seven Drill Holes Completed at Pucamayo West
3/10/2011CANNON POINT ANNOUNCES STOCK OPTION GRANT
3/2/2011La Libertad Drill Program Completed
2/23/2011receives $2.265M from the Exercise of Warrants
11/12/2010Ticar Consulting Corp. to provide Investor Relations
9/8/2010Closes $975,000 Financing
8/25/2010Announces $975,000 Financing
8/18/2010Exploration Peru S.A.C. Wins Prestigious Award
1/20/2010Early Warrant Expiry Triggered
10/15/2009Carey Lotz retained for Investor Relation Services
9/29/2009John S. Watt appointed CFO
9/22/2009Field Crews Mobilized to Condor de Oro
3/3/2009Positive Sampling Results at Condor de Oro
2/25/2009Signs Amending Agreement for Three Properties in Peru
10/3/2008would like to invite you to visit us at Cambridge House conf...
6/9/2008Discovers New Chilean Porphyry Copper Occurrence
5/29/2008Property Updates - Chile & Argentina
4/8/2008Join Condor Resources Inc. at the 2008 Calgary Resource Inve...
1/14/2008 Options Gold and Copper Prospect in the Cordillera del Cond...
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (CN.V)
0.095+0.00%
TSX-V
CA$ 0.095
07/29 12:24 -
0%
Prev close Open
0.095 0.095
Low High
0.095 0.095
Year l/h YTD var.
0.050 -  0.150 18.75%
52 week l/h 52 week var.
0.050 -  0.150 90.00%
Volume 1 month var.
37,000 35.71%
24hGold TrendPower© : -5
Produces
Develops
Explores for Gold - Lead - Molybdenum - Silica - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
201418.75%0.090.05
2013-84.00%0.650.04
2012-71.43%1.800.35
2011-45.31%3.700.70
2010276.47%3.300.85
 
5 years chart
 
3 months chart
 
3 months volume chart