Condor Resources, under CEO Chris Buncic, has identified new Copper-Molybdenum potential at its Rio Bravo project in Peru, leveraging historical data and technical studies. The current analysis suggests a significant new deposit, particularly in the largely untested northwest core area, indicating good prospects for resource discovery.
Condor Resources has announced exciting findings regarding the potential for Copper-Molybdenum at its Rio Bravo project in Peru. This evaluation follows the analysis of historical technical data from previous ownership by a prominent international mining firm. The examined data encompasses 11 drill holes from 2012, accumulating a total of 5,729 meters, alongside pertinent drill logs, assay results, core photographs, and an array of technical studies, including soil geochemistry and geological mapping over 20 km².
Chief Executive Officer Chris Buncic revealed that the analysis of this historical data, in conjunction with Condor’s surface exploration, suggests the existence of a significant new deposit possessing high-grade copper and molybdenum. These minerals are chiefly located in primary sulfides that extend from the surface into the underlaying layers below a leached cap. Furthermore, past drilling efforts targeted the geological contact zone, but the mineralizing system is characterized by porphyry-type configurations and remains unexplored in all directions, hinting at further discovery opportunities.
Crucially, the core target for Cu-Mo in the northwest sector has been mostly untested, as previous drilling concentrated on the surrounding areas. Following a thorough review of the available data, Condor’s exploration team is optimistic that drilling the unexamined central portion of the intrusive porphyry system could reveal substantial mineral resources, thereby enhancing the strategic significance of the Rio Bravo asset within the company’s portfolio.
In summary, Condor Resources is optimistic about the Copper-Molybdenum potential at the Rio Bravo project in Peru following a detailed analysis of historical data. The findings indicate the presence of high-grade minerals in largely untested areas. With further exploration and drilling planned, there is substantial promise for significant resource discovery, reinforcing Rio Bravo’s importance within Condor Resources’ operations.
Original Source: www.proactiveinvestors.com
