Sol de Oro
In September 2008 Condor attained an irrevocable right to acquire a 100% interest in the Sol de Oro gold and base metals property in the newly-emerging Cordillera del Condor gold and copper belt in northern Peru along the border with Ecuador. The 49 square kilometre property comprises a total of 5 mining concessions duly filed with the Peruvian mining authority (Instituto Nacional de Concessiones y Catastro Minero -- INACC), and strategically located 10 kilometres NE of the Company's Condor de Oro project (formerly referred to as the Condoro project) at the intersection of the Cordillera del Condor trend and the Machala metallogenic belt. Condor has commenced filing the required documentation for the necessary permission required by foreign mining companies operating within 50 kilometres of the border with Ecuador.Condor geologists consider the Sol de Oro property to exhibit potential to host economic gold and base metal mineralization.
Free gold was recently discovered in pan concentrates within multiple streams, together with phyllic-altered float boulders containing copper oxides in veinlets and fractures, all located within the Sol de Oro property. The physical characteristics of the gold grains suggest a local source. No previous exploration has ever been carried out in this area.
|
|
|
||||||||||||||||||||||||||
)
)
)