Condor Resources announces newly identified copper-molybdenum potential at the Rio Bravo project in Peru, based on historical data and surface exploration, indicating the presence of significant deposits that remain largely untapped.
Condor Resources has identified new copper-molybdenum potential at its Rio Bravo project in Peru. CEO Chris Buncic announced this development during an interview with Proactive, discussing the evaluation of historical technical data from the project, which was previously owned by a major mining company. This data encompasses 11 drill holes from 2012, totaling 5,729 meters, along with drill logs, assay results, core photographs, and detailed geological studies covering 20 km².
Buncic highlighted that the analysis of the historical data, combined with Condor’s own surface exploration, indicates a significant potential for a new deposit containing high-grade copper and molybdenum. These minerals are primarily located in primary sulfides, starting from the surface and extending below an observed leached zone. While past drilling has targeted contact zones between geological formations, the mineralizing system remains open in all directions.
The main copper-molybdenum core target in the northwest sector of the site has yet to be tested, as earlier drilling concentrated on peripheral areas. The exploration team at Condor believes that drilling into this untouched core of the intrusive porphyry system could reveal substantial resources, marking Rio Bravo as an important asset within the company’s portfolio.
In summary, Condor Resources is uncovering significant copper and molybdenum potential at the Rio Bravo project in Peru through a thorough evaluation of existing data. The company aims to explore previously untested areas that may lead to important mineral discoveries, which could enhance the value of their asset portfolio.
Original Source: www.proactiveinvestors.com
