Business
Condor Resources Inc. Announces Brahma Drill Results
(via Thenewswire.ca)
About this update from Condor Resources Inc.
[{"type":"text","content":"Condor Resources Inc. Announces Brahma Drill Results\n\n(via Thenewswire.ca)\nTSX.V: CN Shares Outstanding: 24,060,241\n\nVancouver, B.C., December 17th, 2008- Condor Resources Inc. - (\"Condor\" or the \"Company\") (TSX.V: CN) is pleased to announce results of a seven hole first phase drill program recently completed on its wholly-owned Brahma porphyry copper project in Chile. A total of 2,905 metres were drilled to test the large surface-altered and geochemically anomalous target with a coincident IP anomaly. The program was the first recorded drill program over this newly-discovered porphyry copper system.\n\nDrilling typically intersected a 20m to 30m thick zone of oxidized leached capping from surface, followed by strong phyllic alteration within a hornblende-feldspar porphyry intrusive containing localized quartz stockwork veining with limonites and sulphides, and a potassic-altered quartz-feldspar porphyry intrusive at depth.\n\nThe widest and best intercept was 0.14% Cu over 184 metres in BRA-003. Other than BRA-003, intercepted copper values were marginal, with the most significant intercepts summarized in the table below. Molybdenum values were generally anomalous but sub-economic; the best molybdenum intercept occurred in hole BRA-006 over a 2m interval from 156m to 158m grading 0.11% Mo. Detailed results can be found on the Company website (www.condorresources.com/s/Brahma.asp).\n\nDrill Hole From (m) To (m) Width (m) Cu% \nBRA-001 324.00 332.00 8.00 0.24 \nBRA-003 102.00 116.00 14.00 0.21 \n 166.00 350.00 184.00 0.14 \nBRA-004 216.00 248.00 32.00 0.19 \n 282.00 332.00 50.00 0.11 \n\n\"The Phase I drill program tested a small portion of the main 6 sq km Brahma porphyry copper target, and whilst the copper values were lower than anticipated, the drill program was successful in confirming the presence of a large mineralized system which remains open to the northeast and at depth\" said Patrick Burns, President of Condor. \"We believe that additional IP-Resistivity geophysics followed by further drilling is warranted on the main Brahma porphyry copper system\".\n\nIn addition, several other large targets remain to be tested within the 270 sq km property. These include the Austral Cu-Mo porphyry target located to the northeast (See Condor's June 9, 2008 news release), as well as follow up on the alteration and multi-elem...