Rio Bravo is located 112 km south- east of
A review of the historical data together with the Company's own surface work at Rio Bravo highlights potential for definition a significant new deposit with significant grades of copper and molybdenum predominantly in primary sulfides, occurring from surface and below an observed leached cap. Historical drilling was carried out in the contact zone between the observed assemblages, with the porphyry-type mineralizing system open in all directions. Six significant intercepts include the following:
Ever Marquez, VP Exploration, commented 'Rio Bravo represents a significant new copper-molybdenum porphyry-type discovery in South Central Peru, where the western crustal suture of the Central Andes controls the Cretaceous-Tertiary copper belt that hosts Rio Bravo. For Condor and its shareholders, this property represents a significant opportunity for future growth'.
The main core of the porphyry-type alteration and elevated copper and molybdenum in rock samples outcrops along 1 km of the main ravine within an alteration halo of several kilometers in size, implying potential for discovery of a large tonnage bulk mineable system. Potassic type alteration assemblages consist of quartz, sericite, secondary biotite, with stockworks of multiple veinlet events, mineralized with pyrite, chalcopyrite, bornite, molybdenite both disseminated and in veinlets interpreted as the core of the porphyry-type system. The external interpreted propylitic-type halo contains alteration assemblages of quartz, sericite, chlorite, magnetite, minor pyrite, chalcopyrite, with stockworks and intense secondary iron oxides. Secondary copper carbonates and silicates are found throughout both alteration assemblages.
The alteration and mineralization system is hosted within multiple porphyritic intrusion events with hornblende and feldspar phenocrysts, which intruded to Jurasic - Cretaceous rocks of the coastal batholith as well as sedimentary rocks of the Jurassic and Cretaceous.
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The scientific and technical information in this press release has been reviewed and approved by Dr.
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