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Cobreorco

Prospective for: Copper-Gold

Location:
Cobreorco is located in south-central Peru, in the province of Andahuaylas in the department of Apurimac, at elevations of 3,700 to 4,100m. Cobreorco is approximately 90km north-east of the town of Puquio, and approximately 120km west of the Las Bambas mine.

Ownership:
The 5.0 sq km Cobreorco Project was acquired by staking and is 100% owned by Condor, and not subject to any royalties.

Previous Work:
An exposed copper skarn and outcroppings of massive magnetite-iron oxide lead to the staking of this project. In addition, there is a skarn-gossan outcropping that has been exploited on a small scale by artisanal miners. We have found no evidence of prior sampling or exploration drilling on the project.

Geology/Mineralization:
It is the opinion of Condor geologists that Cobreorco is a typical porphyry/skarn system, with large massive magnetite, calcosilicate assemblages with evidence of an eroded skarn, and an outcropping of potasic porphyry, approximately 80 m in diameter. Limited sampling to date suggests the mineralization of the porphyry is relatively homogeneous in gold and copper values.

Recent activity:
Condor geologists undertook a small sampling program in 2019, and collected 51 rock channel samples, typically over a 2m length. Of the 51 samples, 9 of 51 tested over 1% copper, and another 29 tested between 0.1% and 1.0% copper. Gold values were as high as 10.8 g/t, with 19 of the 51 samples testing over 1 g/t Au.

Planned Activities:
Condor plans to fast track Cobreorco to drill readiness. This includes field work as well as drafting a DIA application, initiating community consultation and other items necessary for Phase I drilling.

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This page was created on Tue Aug 4, 2020 at 9:40:00 AM Pacific Time.