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News Releases - Tuesday, April 20, 2010
Large High Sulphidation Alteration Zone Discovered at Pucamayo, Peru
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Vancouver, B.C., April 20, 2010 -- Condor Resources Inc. - ("Condor" or
the "Company") (TSX.V: CN) is pleased to announce that a new 2 by 1.5
km high sulphidation epithermal alteration zone has been discovered
immediately to the southeast and contiguous with the East Zone breccias
on the Pucamayo property. The new alteration zone has been named Tinco.
The Pucamayo property and the Tinco alteration zone lie within the same
prolific precious metals belt which hosts Barrick Gold Corporation's
Pierina and Alto Chicama gold mines. Minera IRL's high sulphidation
Corihuarmi gold-silver mine is located 60 km to the northeast.
A new mineral claim, located immediately east and contiguous to the
Pucamayo property, has been acquired by staking to protect the Tinco
target. The new claim covers an additional 6 sq km over the 2 km by 1.5
km multiphase high sulphidation epithermal alteration zone hosted in
felsic Tertiary volcanics. Preliminary prospecting at Tinco has
identified pervasive quartz-alunite-clay alteration assemblages along
with exposures of vuggy silica. In some locations at Tinco,
hydrothermal breccias with chalcedonic, granular and vuggy silica
clasts and locally abundant limonite have been observed.
The Tinco target is a large epithermal centre exhibiting multiphase
alteration assemblages which Condor geologists believe exhibits
potential for the discovery of additional precious metals
mineralization similar to that encountered at Pucamayo East.
A preliminary evaluation comprising prospecting, mapping and sampling
is currently in progress on a portion of this large alteration zone and
results will be reported when available.
The Pucamayo property, which has never been drilled, now comprises 42
sq km.
About Condor Resources Inc.
Condor Resources Inc. was incorporated in 2003 by field 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 objective is the
discovery of a major new gold and/or base metal deposit, and its
business plan offers shareholders access to an exciting and growing
portfolio of discovery stage properties, including six 100% owned
projects in Chile, and seven projects in Peru, each offering a unique
path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact Carey Lotz at 1-866-642-5707, or
by email at: info@condorresources.com
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 Corporation 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. 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.
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.
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Copyright (c) 2010 CONDOR RESOURCES INC. (CN) All rights reserved.
For more information visit our website at
http://www.condorresources.com/ or send mailto:news@condorresources.com
Message sent on Tue Apr 20, 2010 at 8:51:55 AM Pacific Time
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Condor Resources Inc.
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EXPLORATEUR |
CODE : CN.V |
ISIN : CA20676U1049 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Condor Res. est une société d’exploration minière d'argent et d'or basée au Canada. Condor Res. détient divers projets d'exploration au Chili, au Perou et en Argentine. Ses principaux projets en exploration sont CONDOR DE ORO, CHAVIN, LA LIBERTAD, PUCAMAYO, CONDORO et OCROS au Perou et EL DORADO ARGENTINA SALTA en Argentine. Condor Res. est cotée au Canada et au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 17,9 millions CA$ (13,0 millions US$, 11,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 04 février 2011 à 3,70 CA$, et son plus bas niveau récent le 05 février 2016 à 0,02 CA$. Condor Res. possède 102 060 000 actions en circulation. |