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Field Crews Mobilized to the Condor de Oro Project
Field Crews Mobilized to the Condor de Oro Project
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nField Crews Mobilized to the Condor de Oro Project\n\n\n Sep. 22, 2009 (TheNewswire.ca) -- Vancouver, B.C., September 22, 2009, Condor Resources Inc. (TSXV:CN) (\"Condor\" or the \"Company\") is pleased to announce that field exploration crews have been mobilized to the Company's Condor de Oro property in northern Peru.The Condor de Oro project covers an area of 82.38 sq km within the Cordillera Del Condor, one of the most significant newly emerging and under explored gold and copper belts remaining in the world. Placer gold (OOTC:PGCR) has been mined from alluvial deposits in this belt on both sides of the border between Ecuador and Peru since pre-Incan time. Condor has agreed to purchase an 85% interest in the Condor de Oro Property.Condor's follow up program is designed to prepare for drilling on the large Pucayacu gold and base metals target, where combined geochemical and airborne geophysical surveys have outlined coincident anomalies covering an area of 4 sq km within a coarse-grained Tertiary quartz-eye porphyry intrusive cutting Jurassic andesites. The target remains open to the north and south. Historically, placer gold has been mined from several of the creeks draining this anomaly. Details of past exploration were reported in a Condor news release dated March 3, 2009. The earlier geochemical program returned peak values of 13.2 g/t Au in rock chip samples, values as high as 8.20 g/t, 11.95 g/t and 16 g/t Au from rock float, and soil samples with peak values of 1.56 g/t and 1.99 g/t Au.The Pucayacu target is characterized by intense quartz-sericite-clay alteration along with abundant disseminated pyrite (plus limonite) and strong quartz vein stockworks with limonite-pyrite and secondary copper. Chalcedonic quartz and jasper are also present, these being products of multiphase hydrothermal events related to an island arc environment similar to that at Kinross' Fruta del Norte property in Ecuador.In addition, prospecting and sampling will be carried out on a second developing geochemical gold and base metals anomaly, Yuracyacu, located approximately 8 km to the northeast of Pucayacu, where visible gold is also present in pan concentrates from streams draining an area of approximately 3 to 4 sq km, and previous prospecting encountered a float boulder which assayed 9 g/t Au .The Company also has the right to acquire a 10...