Condor Blanco kicks off Carachapampa drilling

THE DRILL SERGEANT: Condor Blanco Mines (ASX: CDB) is ready to commence the summer diamond drilling program at the company’s Carachapampa project in Northern Chile.

The drilling program has been designed to target two mineralised systems at Carachapampa Condor Blanco has interpreted to be similar to existing deposits at the neighbouring Nueva Esperanza silver and gold project of Kingsgate Consolidated (ASX: KCN).

Condor Blanco’s Carachapampa project is a silver-bearing high-level sulphide epithermal mineralised system, with the potential to host an underlying deeper porphyry copper system.

The company said the potential for porphyry mineralisation at Carachapampa was demonstrated during drilling in May.

An earlier 15 hole Reverse Circulation drilling program at the project also demonstrated potential to be a large high-sulphidation epithermal silver-gold system.

 

Carachapampa summer diamond drill hole program. Source: Company announcement

 

“We are very excited to get cracking with our Carachapampa diamond drilling this summer,” Condor Blanco Mines managing director Glen Darby said in the company’s announcement to the Australian Securities Exchange.

“The area around Carachapampa remains one of the most exciting in Chile.

“Just last week our northern Chile neighbour Kingsgate Consolidated announced mineralised deposit estimates for annual production at levels of around six to eight million ounces of silver (93.3 million ounces silver equivalent), and annual production of 18,000 to 22,000 ounces of gold (1.56 million ounces gold equivalent) at their Nueva Esperanza leases just two kilometres from our Carachapampa project.

“This is significant for us as Carachapampa is located only a few kilometres to the east from Kingsgate’s Arqueros deposit and south east to their existing Chimberos mine, where 30 to 40 million ounces of silver were produced.”