Condor Blanco Mines intersects sulphide mineralisation at Carachapampa project
THE DRILL SERGEANT: Condor Blanco Mines (ASX: CDB) has intersected sulphide mineralisation while conducting diamond drilling at the company’s Carachapampa project in the Maricunga Belt of northern Chile.
Project location plan. Source: Company announcement
Condor Blanco explained the mineralisation was intersected over a vertical depth of 137.85 metres and remains open at the end of the hole.
The current diamond drilling program is targeting a series of induced polarisation anomalies.
From surface to approximately 98 metres the hole intersected a series of weakly argillically altered dacitic and lapilli tuffs.
Pyrite was encountered from approximately 87m, increasing in dacitic volcanic breccia from 98m to 199.3m.
From this depth, 137.85m of porphyritic dacite was intersected until the end of the hole at 337.15m. The porphyry is characterised by disseminated and chalcopyrite.
Condor Blanco said it has yet to determine the grades of the sulphide mineralisation intersected, although the visual geological findings are encouraging.
“The company is excited by the significant sulphide mineralisation encountered from DDH-CP2B and hopes that this could well be the Company Maker that all junior explorers are looking for,” Condor Blanco managing director Glen Darby said in the company’s announcement to the Australian Securities Exchange.
“Given the number of large gold-copper porphyry deposits in the Maricunga Belt such as Exeter Resources’ Caspiche project, Kinross Gold’s operating Refugio mine and the Cerro Casale gold-copper deposit, these results from Carachapampa appear significant.
“Condor Blanco has always believed in the potential of the Carachapampa project.
“While it is early days, if DDH-CP2B has passed through the high sulphidation epithermal zone into the upper parts of a porphyry copper system, there appears to be potential for two mineralised systems at Carachapampa.
“The company looks forward to the recommencement of drilling.”