Quilisane

Prospective for: Gold/Copper/Silver

Update:


A small mapping and sampling program was completed by Condor geologists in October 2021.

The 100% owned Quilisane gold/silver property is about 4 sq. km in size and located in the Department of Puno, approximately 75 km north-west of the city of Puno, and about 12 km south-east of the Arasi gold mine. Quilisane was acquired by staking and sealed bid auction in 2016. In 2019 the Company reduced the concession areas from about 18.4 sq. km in size to approximately 4 sq. km.

Location:

The property is located in the Department of Puno in southern Peru, about 75 km north-west of the city of Puno, and approximately 12 km south-east of the Arasi Mine of the Aruntani Mining Group.

Ownership:

The 4 sq km project was acquired by staking and sealed bid auction in 2016, and is 100% owned.

In January 2017 Condor and Sandstorm Gold Ltd. ("Sandstorm") finalized a transaction that included the sale of a 0.5% NSR to Sandstorm on the Quilca-Quilisane project.

The Company is seeking a joint venture partner to continue to explore and advance the Quilisane project.

Previous Work:

Up to 13 shallow holes (less than 100m depth) were drilled on the eastern part of the concessions circa 2004.

Geology/Mineralization:

Quilisane is located at Eastern Andean tertiary volcanic belt that is host to a large epithermal advanced argillic alteration, and with silicification and hydrothermal breccias, and small fluidizations with anomalous geochem results for gold and pathfinder elements. Also located metallogenically along the belt that hosts the epithermal high sulphidation mines of gold and silver such as the Arasi district, and other projects and occurrences. This large alteration is focused for define the gold silver ledges in epithermal and also is focused for copper gold porphyry below the lithocap.