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Extensive Secondary Copper Enrichment Discovered on Condor’s La Libertad Project
Extensive Secondary Copper Enrichment Discovered on Condors La Libertad Project
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"\nExtensive Secondary Copper Enrichment Discovered on Condor’s La Libertad Project\n\n\n Sep. 15, 2009 (TheNewswire.ca) -- Vancouver, B.C., September 15, 2009, Condor Resources Inc. (TSXV:CN) (\"Condor\" or the \"Company\") is pleased to announce that follow up exploration on its wholly owned La Libertad porphyry Cu-Mo project has resulted in the prospecting discovery of a previously unrecognized zone of extensive secondary chalcocite enrichment in the bottom of a deeply incised east-west trending quebrada (gully) on the property.Located in Ancash Department in northern Peru, 280 km north of Lima and 80 km west of the Antamina mine (745Mt grading 1.06% Cu), the 2 sq km property covers the core of an intensely altered porphyry copper system in the Cordillera Occidental de los Andes copper (OOTC:LSANF) (TSXV:LA) belt. Elevations on the property range from 2700 to 3400m above sea level.The recent work concentrated on a previously inaccessible portion of the Shemur quebrada. It appears that this quebrada has never been examined by prospecting or surface exploration. In this location, erosion has exposed abundant secondary copper enrichment occurring as disseminations, veinlets and fracture coatings of chalcocite, covellite, malachite and chrysocolla, along with well developed quartz-limonite stockwork veining in an intensely altered phyllic (quartz-sericite) quartz-feldspar porphyry intrusive. Intermittent secondary copper enrichment extends in outcrop for approximately 600 metres along the exposed bottom of the quebrada.A total of 395 samples were collected, including 3 to 5 metre long rock chip samples. Assay results from the sampling returned values ranging from negligible to peak highs of 39.9%Cu, 1.09 g/tAu, 19.85 g/tAg, 0.41%Mo, 8.38%Zn and 0.4%Pb associated with the chip samples. The bottom of the Shemur quebrada returned the most elevated copper values. The distribution and values of the geochemical sample program suggest a vertical downward zonation from molybdenum to copper, with an upper molybdenum shell or carapace surrounding a copper core some 300 to 400m below.Past exploration activity in the vicinity of La Libertad consisted of small scale mining of peripheral Ag-Pb-Zn veins in the 1970's and 1980's. In 2005, a hole drilled immediately to the west of La Libertad missed the main copper target but encountered a we...