|April 20, 2010|
Large High Sulphidation Alteration Zone Discovered at Pucamayo, Peru
|Vancouver, B.C., April 20, 2010 -- Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to announce that a new 2 by 1.5 km high sulphidation epithermal alteration zone has been discovered immediately to the southeast and contiguous with the East Zone breccias on the Pucamayo property. The new alteration zone has been named Tinco. |
The Pucamayo property and the Tinco alteration zone lie within the same prolific precious metals belt which hosts Barrick Gold Corporation's Pierina and Alto Chicama gold mines. Minera IRL's high sulphidation Corihuarmi gold-silver mine is located 60 km to the northeast.
A new mineral claim, located immediately east and contiguous to the Pucamayo property, has been acquired by staking to protect the Tinco target. The new claim covers an additional 6 sq km over the 2 km by 1.5 km multiphase high sulphidation epithermal alteration zone hosted in felsic Tertiary volcanics. Preliminary prospecting at Tinco has identified pervasive quartz-alunite-clay alteration assemblages along with exposures of vuggy silica. In some locations at Tinco, hydrothermal breccias with chalcedonic, granular and vuggy silica clasts and locally abundant limonite have been observed.
The Tinco target is a large epithermal centre exhibiting multiphase alteration assemblages which Condor geologists believe exhibits potential for the discovery of additional precious metals mineralization similar to that encountered at Pucamayo East.
A preliminary evaluation comprising prospecting, mapping and sampling is currently in progress on a portion of this large alteration zone and results will be reported when available.
The Pucamayo property, which has never been drilled, now comprises 42 sq km.
About Condor Resources Inc.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of gold and copper projects in South America, where management has extensive experience and a proven track record of discovery. The Company's long term objective is the discovery of a major new gold and/or base metal deposit, and its business plan offers shareholders access to an exciting and growing portfolio of discovery stage properties, including six 100% owned projects in Chile, and seven projects in Peru, each offering a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact Carey Lotz at 1-866-642-5707, or by email at: firstname.lastname@example.org
Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Corporation does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements. Dr. Richard Culbert, P. Eng., is the Qualified Person for the Company as required by NI 43-101 and has reviewed the contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
You can view the Next News Releases item: Tue Aug 10, 2010, Peruvian Properties Progress Report
You can view the Previous News Releases item: Mon Apr 12, 2010, Condor options Chavin Property, Peru, to Golden Minerals Company
You can return to the main News Releases page, or press the Back button on your browser.