CN Condor Resources Inc

Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased
to provide the first report on the 2,000 metre diamond drill program currently
being conducted by Mariana Resources Ltd. ("Mariana") on the Company's 100%
owned Soledad project. Soledad is located in the Cordillera Negra metallogenic
province approximately 35 km south of the Pierina gold-silver mine, Peru. 


There are eight known breccia pipes at Soledad, which pipes indicate the
potential for intrusive related mineralization at depth. Mariana's first hole,
SDH-001, located in Breccia #1, was planned as a validation hole, and twinned
DDH-005 drilled by Rio Amarillo in 1996. SDH-001 was drilled to a depth of 100m,
and intersected breccia-hosted sulphide mineralization. The hole reported a 33m
intersection of 1.0% Cu, 3.2 g/t Au, and 23 g/t Ag starting at 58m, and a
shorter interval, starting at 59m, reported 21m of 1.5% Cu, 4.7 g/t Au, and 34
g/t Ag. The depth and grade are similar to the 1996 results, which reported
28.5m of 1.1% Cu, 5.0 g/t Au, and 28 g/t Ag. True widths of the mineralized
intercepts have not been determined.


After completion of SDH-001, the drill was moved north approximately 1 km to the
Cima Blanca target area, which was interpreted as a high sulphidation epithermal
zone. SDH-002 was drilled to a depth of 88.5m and was located to test a
prominent chargeability anomaly coinciding with a zone of argillic alteration at
surface. SDH-002 intersected pyritic breccias related to structures with
kaolinite alteration from 19m to 43m, and granodiorite with propylitic
alteration and disseminated pyrite from 43m. Assay results are pending on
SDH-002. 


SDH-003 was drilled approximately 100m east of SDH-002 in the centre of the
argillic alteration zone, and intersected approximately 132m of weak molybdenite
and moderate pyrite mineralization (veins, disseminations, stockworks hosted in
granodiorite), and associated quartz-sericite alteration, starting at 127m. The
initial interpretation of the SDH-003 intersection is that of a high level
porphyry system. Total depth of SDH-003 was 268.5m. Assay results are pending
from SDH-003.


SDH-004 and SDH-005 were both drilled in Breccia #3, one of the 8 breccia pipes
on the Soledad property. Logging and sampling is currently underway on these
holes. Only Breccia #1 was drilled previously in 1996. 


Refer to Figure 1 of this news release for the planned location of the 2014
drill holes. 


The Company currently has three of its properties under active exploration by
third parties, and looks forward to a steady flow of results from these
programs. In addition, the Company is actively seeking partners on its other
projects, and is reviewing new opportunities identified by its Lima based
exploration team.


ON BEHALF OF THE BOARD

Lyle Davis, President & Chief Executive Officer

Dr. Richard Culbert is the Qualified Person under NI 43-101 who has approved the
technical content of this news release. 


To view FIGURE 1: SOLEDAD MAP SHOWING 2014 PLANNED DRILL HOLE LOCATIONS, please
visit the following link: http://media3.marketwire.com/docs/CondorResources.pdf.



Cautionary Statement Regarding Forward-Looking Information: All statements,
trend analysis and other information contained in this press release relative to
markets about anticipated future events or results constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Company does not undertake any obligation
to update forward-looking statements even if circumstances or management's
estimates or opinions should change. Investors should not place undue reliance
on forward-looking statements. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Condor Resources Inc.
1-866-642-5707
info@condorresources.com
www.condorresources.com

Condor Resources (TSXV:CN)
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過去 株価チャート
から 6 2023 まで 6 2024