Condor intersects copper in Chile

THE DRILL SERGEANT: Sydney-based South America-focused exploration company Condor Blanco Mines has intersected copper mineralisation with the first two holes of its current drilling at its Gold Iron project 40 kilometres east of Copiapo in northern Chile.

Condor commenced the 3,400 metre reverse circulation drilling program at the beginning of August and has completed two holes with a further two holes currently in progress.

The completed holes intersected porphyry copper mineralisation in the form of chalcopyrite.

The first hole intersected 127 metres of disseminated chalcopyrite between 75 metres to 202 metres and a further mineralised 81 metres from 241 metres to 322 metres at the end of hole.

The second intersected 76m of disseminated chalcopyrite from 282m to 358m.

Condor said its objective for the initial scout drilling program is to determine if the porphyry alteration system is mineralised beneath the surface.

“We are very pleased with the results and the job the team has done in setting and executing on Targets,” Condor Blanco Mines managing director Glen Darby said in the company’s announcement to the Australian Securities Exchange.

“We always knew there was a promising alteration system here, but with chalcopyrite already returned in our RC chips, this is the evidence of mineralisation that we’ve been working for.”

Condor said it was encouraged by the success of the first two holes as they are located on the margins of the porphyry system at Gold Iron.

The company will now move the drilling progressively towards the inferred centre of the system.

As well as eagerly anticipating results from the remaining holes at Gold Iron the company will also commence drilling on its gold-silver projects at Carachapampa and La Isla and on the porphyry system located its Yaretas project in the summer season.