Copper | Gold | Silver
Status:
The Company is seeking a joint venture partner to continue exploring and advancing the Humaya project.
Location:
The property is located in the Department of Ayacucho in Southern Peru, about 190 km east of the city of Ica.
Property:
The 9 square kilometer project, was acquired from exploration and identification works, then petition to the MEM, in 2016 and 2022 and is 100% owned. In January 2017, Condor and Sandstorm Gold Ltd. (“Sandstorm”) completed a transaction that included the sale of a 0.5% NSR to Sandstorm in the Humaya project.
Previous work:
In August 2016 an initial sampling and mapping program was undertaken on the 1.1 km length of exposed outcrop along the creek in the north-east part of the concession. The outcropping is described as having intense alteration and stockwork, typical of a copper-gold porphyry system. The local geology is Cretaceous sedimentary rocks overlain by Tertiary volcanic post-mineral rocks and intruded by Tertiary feldspar-hornblende-porphyry (FHP). The potassic porphyry type alteration and mineralization center are hosted principally within the FHP, with halos of hydrothermal breccias hosted in sedimentary rocks. Also observed is secondary biotite-sericite-pyrite, minor chalcopyrite, within very strong multiphase stockwork of many types of multidirectional veinlets, including B type veins with quartz-pyrite-chalcopyrite.
This stockwork is directly related to a copper-gold mineralizing system which has been weathered with the potassic alteration preserved in some zones as patches. This alteration zone has been exposed in an area that is more than 2 kms in diameter. The porphyry is covered in part by post mineral tuffs and glacial and fluvial material. The initial 31 chip samples were collected, and tested up to 0.4 g/t Au, 0.35% Cu and 37 g/t Ag, with anomalous molybdenum values.
The Company is seeking a joint venture partner to continue to explore and advance the Humaya project.
Geology/Mineralization:
The local geology is sedimentary rocks of Cretaceous age overlain by Tertiary volcanic post-mineral rocks and intruded by Tertiary feldspar-hornblende porphyry (FHP). The center of alteration and mineralization is mainly hosted in the FHP, with hydrothermal halos and breccias hosted in sedimentary rocks. The mineralization alteration system is of the porphyry type, the core of the system hosted in FHP, the assemblages are quartz. Secondary biotite-sericite-pyrite, minor chalcopyrite, with very strong multiphase stockwork and many types of veinlets, including type B veins with quartz-pyrite-chalcopyrite, multidirectional, and these fills can be directly related to gold and copper. Generally the system is eroded and only the potassium is preserved in some areas as patches. In general the alteration is more than 2 km in diameter. The porphyry is partly covered by post-mineral and fluvioglacial tuffs.
