Condor acquired the original 10 sq km concession in 2016 by staking, and in 2017 acquired additional concessions by staking. The project is prospective for skarn hosted minerals.
Location & Ownership:
The Huiñac Punta project is located on the eastern flank of the Mesozoic polymetallic carbonate sediment host belt in north-central Peru at elevations ranging from 3800 to 4400m, approximately 260 km north-northeast of Lima in the Department of Huanuco. Huiñac Punta is approximately 80 km south-east of the Antamina mine.
The 20 sq km project (approximate) is 100% owned by Condor, subject to a 0.5% NSR held by Sandstorm Gold Ltd.
An initial reconnaissance effort was completed in October 2017 under the guidance of Ever Marquez, VP Exploration. Exploration sampling and mapping was concentrated over an area of interest approximately 500m by 800m on the eastern part of the concessions, where there is evidence of old workings thought to be from colonial times.
The area of interest shows pervasive silicification in limestones with dark sulfides and oxides; de-calcified limestone with strong iron-oxides; and silicified and brecciated limestone with iron-oxides, copper oxides, manganese, and greyish sulphides.
A total of 26 rock chip channel samples were collected and analyzed; results are expected shortly.