Condor Resources has identified new Copper-Molybdenum potential at the Rio Bravo project in Peru by analyzing historical data and conducting surface exploration. This includes findings that suggest a significant deposit exists, particularly in an untested area. Condor aims to drill into this core region for potential resource development.
Condor Resources has recently disclosed the discovery of new Copper-Molybdenum potential at its Rio Bravo project in Peru. During an announcement with Steve Darling of Proactive, CEO Chris Buncic outlined how the company revisited historical technical data acquired from a predecessor major mining firm, comprising 11 drill holes from 2012 that add up to 5,729 meters. This data includes drill logs, assay results, core photographs, and a wealth of technical studies encompassing soil geochemistry, ground geophysics, magnetometry, radiometry, and induced polarization across a 20 km² area characterized by detailed geological mapping.
Buncic highlighted that a thorough analysis of the past data, coupled with Condor’s own surface exploration, suggests the presence of a high-grade copper and molybdenum deposit. These valuable minerals are primarily located in primary sulfides that are detectable from surface levels and continue beneath a noticeable leached cap. The historical drilling efforts were primarily directed at the contact zones between different geological formations; however, the overall porphyry-type mineralizing system is deemed open in every direction, indicating untapped potential.
Significantly, the core copper-molybdenum target located in the northwestern sector has remained largely unexamined since previous drilling concentrated on surrounding areas. Based on an exhaustive review of the data, the exploration team at Condor is optimistic that drilling into the untouched core of the intrusive porphyry system may lead to the discovery of considerable resources, ultimately positioning Rio Bravo as a pivotal asset within the company’s portfolio.
In summary, Condor Resources has unveiled promising Copper-Molybdenum potential at the Rio Bravo project in Peru through a meticulous analysis of historical and recent exploration data. The company believes that undiscovered resources may exist within the largely unexplored core of the project, setting the stage for future developments and solidifying Rio Bravo’s importance to its strategy.
Original Source: www.proactiveinvestors.com
