Gold | Silver
The Quriurqu Property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes, and is described as a high sulphidation gold-silver epithermal system. Quriurqu is located about 45 km SW of the Pierina gold-silver mine operated by Barrick Gold Corporation.
The original 2.5 sq km concession was acquired by staking in 2011. A second concession was acquired in October 2016 when Condor had the winning bid at a sealed bid auction conducted by Peruvian officials, increasing the project area to 8.5 sq km. Both concessions are 100% owned.
In January 2017 the Company reached agreement with Sandstorm Gold Ltd. to sell a package of royalties, which included a 0.5% NSR on the Quriurqu project.
As best as we can determine, no previous sampling or other exploration has been conducted at Quriurqu, nor has it been drill tested.
Geology & Mineralization
The property is host to a high sulphidation gold-silver epithermal system, as evidenced by alteration assemblages and associated pathfinder minerals hosted in structures and hydrothermal breccias within Tertiary age dacitic ignimbrites. Condor geologists believe that Quriurqu could host a disseminated bulk tonnage gold-silver deposit at depth.
The Company has conducted initial reconnaissance mapping and collected and analyzed 64 rock chip channel samples. Gold and silver assays range from negligible to 5.9 g/t Au and 143 g/t Ag. A total of 57 of the 64 samples returned anomalous gold values in excess of 50 ppb, including 27 samples greater than 500 ppb and 18 samples in excess of 1 g/t Au. A modest sampling program (6 samples) in 2016 by a third party included 3 samples in the 0.3 g/t Au to 0.9 g/t Au range, and 2 samples greater than 1.7 g/t Au.
The Company has not completed any work on the project recently, and is seeking a joint venture partner to continue to explore and advance the project.