Condor – Conduct resumes at Ocros; Magnetometer Analysis Completed
Vancouver, British Columbia (FSCwire) – Condor Resources Inc. – (“Condor” or the “Company”) (TSX.V: CN) is admiring to advertise that conduct has resumed by optionee Compañia Minera Virgen de la Merced S.A.C. (“Merced”) at Condor’s Ocros activity in the Ancash Department, Peru.
Merced completed a arena alluring geophysical ysis on the Ocros activity over an breadth of about 3.1 sq km in March. (http://www.condorresources.com/i/maps/OCROS-NR-slide-2.pdf) Merced, in appointment with Condor, accept acclimated the letters from the magnetometer survey, forth with ability acquired from their beforehand assignment holes, and sampling of the celebrated adits, to authorize the planned locations of the aing drillholes. (http://www.condorresources.com/i/maps/OCROS-NR-slide-23.pdf). Conduct on DDH-005 commenced April 19th with a planned abyss of 900m, and as of April 26th was at a abyss of 107m.
Interpretation of the magnetometer ysis shows an continued arena or ‘halo’ of aerial alluring susceptibility surrounding a alluring centre of low alluring susceptibility. (http://www.condorresources.com/i/maps/OCROS-NR-slide-23.pdf) This alluring signature is generally associated with porphyry nut occurrences. The alluring low amidst by the alluring aura is large, added than one km in diameter, and is accessible to the north-west. The celebrated adits are amid aural the breadth of the alluring halo, and sampling of the adits has alternate quartz-chlorite, accessory biotite, sericite, magnetite, pyrite, with some zones of cogent chalcopyrite. Holes DDH-001 through DDH-004 were all accomplished in the breadth of the celebrated adits, and amount logs from these holes call mineralization agnate to the assemblages declared forth the adits. Of note, the akin 50 adit, which has the everyman acclivity of the old adits, and extends extreme to the west – against the low alluring centre – acutely shows an access of potassic about-face and nut mineralization as the access extends westward against the alluring low.
DDH-005, currently actuality drilled, is anchored aloft the alluring low, as are planned holes DDH-006 and 007. An west-east cantankerous section, assuming the breadth of DDH-005, about to the old adits and DDH-002 and DDH-004, can be apparent on our website. (http://www.condorresources.com/i/maps/OCROS-NR-slide-28.pdf) and (http://www.condorresources.com/i/maps/OCROS-NR-slide-29.pdf). OCR-001, accomplished in 2008, was additionally anchored in the alluring halo, and appear accretion nut ethics at depth, as OCR-001 vectored against the breadth of low magnetics. (http://www.condorresources.com/i/maps/OCROS-NR-slide-30.pdf )
Condor is additionally admiring to address that the aboriginal ceremony banknote acquittal of US$75,000 has been accustomed from Merced, who can acquire a 51% interest, with a 2nd advantage to acquire up to a 70% absorption at Ocros. Merced conducted their antecedent assignment affairs amid July 2017 and February 2018, and completed 2,110m in three assignment holes, which annoyed their obligation to complete a minimum of 2,000m of design drilling.
Results from Merced’s antecedent three holes (DDH-002, DDH-003, DDH-004) will be appear back accustomed by Condor. Merced admonish that the samples from all three holes accept been submitted to SGS del Peru S.A.C. and after-effects are pending.
Condor is an charlatan and activity architect focused alone on Peru, and our cold is the ysis of a above new adored metals or abject metals deposit. Activity accretion and development is managed by our Lima based ysis team.
ON BEHALF OF THE BOARD
President & Chief Executive Officer
For added advice amuse acquaintance the Company at 1-866-642-5707, or by email at [email protected]
Mr. Brian D. Game, P.Geo, is the Qualified Person beneath NI 43-101 who has accustomed the accurate and abstruse agreeable of this account release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this account release.
To appearance the aboriginal release, amuse bang here
Source: Condor Resources Inc. (TSX Venture:CN, OTC Bulletin Board:CNRIF, FWB:KD4)
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