Condor's New Porphyry Copper Discovery in Chile Traced for Over Three Kilometres
Vancouver, B.C., August 15, 2007 – Condor Resources Inc. - (“Condor” or the “Company”) (TSXV:CN) is pleased to announce that its geologists have now traced copper mineralization at the Company’s new 100%-owned “Brahma” porphyry project for a distance of over three kilometres.
The property is located southeast of the city of Talca in southern Chile, and recent staking by Condor has increased the size of the project to 270 square kilometres.
Condor President and CEO, Patrick Burns, and Condor’s VP of Exploration, Ever Marquez confirmed the discovery made by the Company’s independent consulting geologist, Dr. Richard Culbert, of the occurrence of widespread oxide and sulphide copper mineralization coating fractures within an intrusive complex and volcanics along the sides of a shallow creek. (See Condor News Release dated June 25, 2007).
Mineralization was followed upstream in bedrock and float for a distance in excess of 3 kilometres before inclement weather and snow cover hampered further exploration. The mineralization continues open to the north and south. Among samples taken was a rock float sample that returned values of 2.97% Cu and 1.48 g/t Au. Andes Analytical Laboratories of Santiago, Chile conducted the analyses.
In addition to the copper mineralization, float boulders of a highly altered quartz-feldspar porphyry intrusive, along with intense replacement alteration and quartz-tourmaline breccias, were observed in the creek bed and it is believed that these form part of the copper mineralized system. The source of this float is located further upstream.
A crew is presently working on cutting an access trail into the centre of the mineralized zone from the north and the south and a helicopter-supported prospecting, mapping and sampling program is scheduled to commence in early October, following the Chilean winter.
Condor Resources Inc. was incorporated in 2003 by exploration specialists focused on the generation of copper and gold projects in South America, where management has extensive experience and a proven track record of discovery. The Company’s long-term business plan offers shareholders access to a growing portfolio of properties, including six 100% owned projects in Chile, two projects in Argentina and the recently-acquired La Libertad project in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns
FOR FURTHER INFORMATION PLEASE CONTACT:
Bernie Kennedy: 1-877-489-4440
Saf Dhillon: 604-484-2015
Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulatory authorities. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement. Dr. Richard Culbert, P.Eng., is the Qualified Person for the Company as required by NI 43-101 and has reviewed the contents of this news release.
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