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Prospecting Discovers New Widespread Mineralization at Condor de Oro - Additional Ground Staked
Prospecting Discovers New Widespread Mineralization at Condor de Oro - Additional Ground Staked
About this update from Condor Resources Inc.
[{"type":"text","content":"\nProspecting Discovers New Widespread Mineralization at Condor de Oro - Additional Ground Staked\n\n\n Oct. 19, 2009 (TheNewswire.ca) -- Vancouver, B.C., October 19, 2009 - Condor Resources Inc. (TSXV:CN) - (\"Condor\" or the \"Company\")(TSX.V: CN) is pleased to provide an update of the exploration program conducted on the Company's Condor de Oro property in Cajamarca province of northern Peru between September 11 and October 2, 2009.The mapping and prospecting program at the Pucayacu zone led to the discovery of pervasive copper mineralization over a 100 metre rock face situated upstream from an area of historic placer gold (OOTC:PGCR) workings. Additional staking has been completed, and has expanded the Condor de Oro property to over 102 square kilometers. Assay results from the program are expected by mid November.Field work on the property concentrated on the Pucayacu and Yuracyacu zones, the two extensively mineralized Au-Cu systems discovered to date on the Condor de Oro project. The Pucayacu zone is located in the southwestern area of the property and the Yuracyacu zone is located in the northeastern area of the property.The Pucayacu and Yuracyacu zones have never been drill tested by the Company or previous explorers.PUCAYACUMapping and prospecting to extend the area of previously known mineralization led to the new discovery of a near-vertical rock cliff face measuring more than 100 meters vertically, comprising intensely quartz-sericite (phyllic) altered quartz feldspar porphyry (QFP) intrusive exhibiting pervasive copper mineralization throughout, occurring as disseminations in at least three phases of brecciation, as well as on fracture surfaces and in microveinlets and veinlets. Visible mineralization comprises secondary copper oxides along with chalcocite, covellite, bornite and chalcopyrite. Old placer gold workings are evident downstream below this outcrop and a previous rock sample collected down-drainage returned an assay of 2.5 g/t Au.YURACYACUThe Yuracyacu mineralized zone is located approximately 8 km to the northeast of Pucayacu, and also encountered extensive limonite-stained phyllic altered QFP comprising an estimated 90% of float boulders in all of the drainages prospected over an area measuring approximately 4 sq km. The QFP was subsequently located in outcrop in several locations. The mineralized sys...