Vancouver, B.C., September 1, 2009, Condor Resources Inc. (“Condor” or the “Company”) is pleased to announce that its ongoing generative exploration program has recently resulted in the staking of a polymetallic vein system within the central Andes mineral belt in northern Peru.
The one square kilometre Pucarima Project is located 45 km NW of the Pierina gold-silver mine operated by Barrick Gold Corporation and 10 km SW of the Pashpap Cu-Mo porphyry project.
The property covers silicified and potassic altered sediments and a quartz-feldspar porphyry intrusive cut by a number of subparallel epithermal polymetallic veins. The principal vein identified to date has been traced over 1000 metres averaging 2 to 5 metres in width. Preliminary channel samples over a length of 3 to 5 metres across this vein have returned polymetalic values from negligible to a maximum of 13.9 g/t Au, 1,645 g/t Ag, 25.7% Pb, 10.7% Zn and 0.2% Cu. These results indicate potential for the discovery of high grade ‘bonanza-style’ mineralization within this vein system. Quartz-vein stockworks within the intrusive are also anomalous and are presently being evaluated for epithermal precious metals mineralization.
Previous small mining activity on the principal vein is evident by a 50 metre long tunnel dating from the 1970’s. In the 1990’s, a small drill program resulted in three short holes being drilled, two of which missed the structure completely. The third hole appears to have been drilled primarily within the hanging wall of the vein and from surface averaged 1.14 g/t Au, 26 g/t Ag, 2% Pb and 1% Zn over 14.1 metres, before exiting the mineralization. This work is not NI-43-101 compliant and therefore may not be relied upon.
Condor Resources Inc. was incorporated in 2003 by exploration specialists focused on the generation of gold and copper 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 and seven in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at: info@condorresources.com
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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