Brahma
The 264 sq km 100% owned Brahma project is situated southeast of the city of Talca in southern Chile. It is located on the prolific West Fissure fault system, which system controls the world class copper deposits along the central Andes, including the El Teniente Mine 200 km to the north. Condor geologists believe that the Brahma project represents one of the most significant new porphyry copper occurrences to come out of Chile in recent years.
In 2006, Dr. Richard Culbert found highly anomalous stream sediment samples at los Boldos Creek. In 2007 Condor geologists, in follow up work along the los Boldos Creek, identified and traced float boulders containing finely-disseminated chalcopyrite and covellite in a pervasive quartz-sericite ("phyllic") altered quartz feldspar porphyry intrusive ("QFP") to a tributary of the main creek and then to an outcrop where copper sulphides occur as disseminations, localized stockwork veinlets and fracture coatings. Subsequent prospecting approximately 300 m vertically above this outcrop located additional pervasively altered and leached QFP in bedrock, with hematite and lesser jarosite occurring as disseminations, in stockwork veinlets and on fracture surfaces within the intrusive. This type of alteration closely resembles the leached capping commonly occurring above most Chilean porphyry copper deposits. Abundant finely disseminated chalcopyrite, covellite and pyrite occur at the base of the intensely-altered system.
The pervasive quartz-sericite altered intrusive leached capping exposure was subsequently mapped over an area of approximately 3 sq km, with a measured vertical exposure of at least 400 metres. This porphyry copper target also includes a mineralized hornblende feldspar porphyry body, further confirming the complex multi-phase nature of the intrusives typically associated with these large mineralized systems. In addition, the development of quartz veins, extensive quartz vein stockworks, quartz-tourmaline breccias, breccia dykes and hydrothermal breccias further confirm the geologic complexity at Brahma. Exploration work has determined that the peripheral donut-shaped "propylitic" alteration halo surrounding the central copper-mineralized intrusives at Brahma is approximately 14 km across.
Geologic mapping and sampling of the main porphyry copper target in order to define specific drill targets was completed in the first quarter of 2008. Results of a total of 590 primarily rock chip geochemical samples taken from the Brahma project include 273 samples (46%) with values in excess of 100 ppm Cu and include peak values of 0.65%, 0.69, 0.80, 0.99, 1.00, 1.19 and 2.97% Cu along with associated Mo-Pb-Zn and localized anomalous Au-Ag values.
Construction of the drill access road at Brahma commenced in April 2008, in preparation for a Phase I drill program. The drill program commenced on July 8th 2008, and finished in early October. The objective of the drill program was to test the obvious alteration/mineralization with coincident IP anomaly over the most accessible part of the 6 sq km target.
A total of seven holes and 2,905 m were drilled - the first recorded drill program over this porphyry copper system. Drilling 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.
The widest and best intercept was 0.14% Cu over 184 metres in BRA-003. Other than BRA-003, intercepted copper values were marginal, but did include 50.0 m of 0.11% Cu in BRA-004, and 8.0m of 0.24% Cu in BRA-001. 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.
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, Condor believes the drill program was successful in confirming the presence of a large mineralized system which remains open to the northeast and at depth, and additional IP-Resistivity geophysics followed by further drilling is warranted on the main Brahma porphyry copper system.
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, as well as follow up on the alteration and multi-element geochemical anomalies within the Ancoa River area to the south and the Calabazo Quebrada immediately to the east.
Given the large size of the Brahma Project, and the fact that substantial expenditures will be required to test the many remaining targets, Condor is presently seeking a JV partner to continue the evaluation of the project.
Results
BRA 001 Drill Results
BRA 002 Drill Results
BRA 003 Drill Results
BRA 004 Drill Results
BRA 005 Drill Results
BRA 006 Drill Results
BRA 007 Drill Results
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