Bonanza Grade Silver Samples at Huiñac Punta Project, Peru Silver/Copper/Zinc in carbonate replacement skarn type system
Bonanza Grade Silver Samples at Huiñac Punta Project, Peru
Silver/Copper/Zinc in carbonate replacement skarn type system
Vancouver, B.C., January 9, 2018 - Condor Resources Inc. - (“Condor” or the “Company”) (TSX.V: CN) is pleased
to provide the summary results from the recent reconnaissance work a t the Huiñac Punta project in the Huanuco
Department, Peru.
Huiñac Punta is located on the eastern part of the Mesozoic polymetallic carbonate sediment host belt in central Peru, host
to the Antamina Mine approximately 80km to the north -west. “The mineral deposit in Antamina is a skarn type of deposit
containing copper-zinc, silver, molybdenum and bismuth and it is currently considered the largest of its kind in the world.”
(www.antamina.com/en/sobre-antamina/nuestras-operaciones/componentes-de-la-mina/)
Huiñac Punta covers approximately 20 sq km acquired by staking, and is 100% owned by Condor, subject to a 0.5% NSR
held by Sandstorm Gold Ltd. Topography is gently rolling to steep, with elevations ranging from 3800m to 4300m. Discreet
evidence of old Span ish workings – small dumps and several collapsed adits – are not obvious and are hidden by modest
grass vegetation.
In October an initial reconnaissance and sampling program was undertaken by Condor, under the guidance of Ever
Marquez, VP of Exploration. A total of 26 rock chip channel samples were collected over an area of interest approximately
500m by 800m. Eighteen of the twenty -six samples were 2m lo ng rock chip samples from outcrop/bedrock, while eight of
the samples were 1m long rock chip samples taken from rocks in dump piles, which rocks are assumed to have been
sourced from the old adits. As the rock chip samples were selected samples taken from outcrop/bedrock, or from rocks in
dump piles, they may not be representative of the mineralization hosted on the project.
Five of the samples reported high silver values (greater than 500g/tonne); with the highest silver values ( 4115g/tonne and
3225 g/tonne) recorded in the bedrock samples. Anomalous copper results were also noted, with reported values up to 2.7%
copper (dump sample). Anomalous zinc values were present in all samples, up to a value of 0.6% zinc (bedrock sample),
and anomalous cobalt up to 0.3% (dump sample).
Ever Marquez made the following field observations: “The alteration assemblages have replaced the limestone sequences in
contact with the granitic intrusive, with occurrences of pervasive silicification in the lower part of the l imestone, with
massive dark sulphides and oxides. In the upper part of the limestone, we see brecciated decalcifications, with minor
sulphides and oxides. I would c onsider Huiñac Punta as a new discovery in the Mesozoic polymetallic carbonate sediment
host belt of Central Peru, with great potential for bulk tonnage silver, copper, and zinc resources.”
Subsequent to receipt of the results, Condor commenced the application process for the Declaración de Impacto Ambiental
(“DIA”) for the Huiñac Punta project.
Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery of a major new
precious metals or base metals deposit. Project acquisition and development is managed by our Lima based exploration
team.
ON BEHALF OF THE BOARD
Lyle Davis,
President & Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at [email protected]
Mr. Brian D. Game, P.Geo, is the Qualified Person under NI 43-101 who has approved the scientific and technical content
of this news release.
Quality Assurance/Quality Control: The sampling program was undertaken by C ompany personnel under the direction of
Ever Marquez, Condor’s VP Exploration. A secure chain of custody is maintained in transporting and storing of all
samples. Samples were delivered to and assayed by SGS Del Peru S.A.C. in Lima, a laboratory whose quality control
system complies with International Standards OHSAS 18001, ISO 14001 and ISO 9001 . Analysis by four acid digestion
system with 51 element ICP-MS analysis was conducted on all samples. Gold was assayed using a fire assay with atomic
absorption spectrometry and gravimetric finish when required. Copper and silver samples over the upper detection limit of
ICP-MS were re-analyzed by atomic absorption spectrometry. Systematic assaying of sample duplicates and commercially
prepared blanks and standards was performed for analytical reliability by the laboratory. Rock chip samples from
outcrop/bedrock or from rocks in dump piles are selective by nature and they may not be representative of the
mineralization hosted on the project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.