Condor Resources Identifies New Copper-Molybdenum Potential at Rio Bravo Project
Condor Resources has assessed historical technical data for its Rio Bravo project in Peru, indicating the potential for high-grade Copper-Molybdenum deposits. The unexplored core target in the NW sector remains largely untouched, with optimism for significant resource discovery based on comprehensive data analysis.
Condor Resources has made significant advancements with the Rio Bravo project in Peru, revealing new Copper-Molybdenum potential. CEO Chris Buncic reported that the company has evaluated historical technical data, which includes 11 drill holes totaling 5,729 meters conducted in 2012. This data incorporates drill logs, assay results, photographs, and various technical studies covering an area of 20 km², improving geological mapping through multiple methods such as soil geochemistry and induced polarization.
Through a detailed analysis of the historical data combined with recent surface explorations, it has become apparent that there is a promising opportunity for a high-grade copper and molybdenum deposit. Predominantly found in primary sulfides beneath a leached cap, these minerals were previously targeted in the geological contact zones, but potential remains open for further exploration due to an untested porphyry-type mineralizing system.
Particularly noteworthy is the core Cu-Mo target in the northwest sector, which has not been subjected to previous drilling efforts that focused on peripheral areas. The exploration team at Condor Resources is optimistic that drilling the unexplored core of the intrusive porphyry system might yield substantial resources, potentially elevating the stature of the Rio Bravo project within the company’s asset portfolio.
In conclusion, Condor Resources has identified promising Copper-Molybdenum potential at its Rio Bravo project. The evaluation of historical data and surface exploration has suggested the existence of a significant deposit. With the core target remaining untested, the company aims to explore this area for potential resource confirmation, thereby reinforcing Rio Bravo’s importance to Condor’s overall strategy.
Original Source: www.proactiveinvestors.com
