Condor Confirms Copper Molybdenum Porphyry Discovery at RIO Bravo with Newly Acquired Data
TSXV:CN WWW.CONDORRESOURCES.COM
CONDOR CONFIRMS COPPER MOLYBDENUM PORPHYRY DISCOVERY AT RIO BRAVO WITH
NEWLY ACQUIRED DATA
Highlights:
Historical drilling, geochemical and geophysical data recently obtained from a major
mining company that previously controlled the Rio Bravo project confirms intersecƟons
of significant porphyry copper and molybdenum mineralizaƟon associated with a largely
untested target.
Three historical drill holes completed in 2012 encountered 200+ m intercepts of
mineralizaƟon:
o DDH-01 intersected 220 m grading 0.32% Cu and 275 ppm Mo (0.51% CuEq)*
o DDH-06 intersected 324 m grading 0.32% Cu and 199 ppm Mo (0.47% CuEq)*
o DDH-08 intersected 312 m grading 0.29% Cu and 329 ppm Mo (0.54% CuEq)*
AŌer a thorough review of this newly acquired data package including surface mapping
rock geochemistry and ground geophysics, Condor interprets the potenƟal for discovery
of a higher-grade core of the Rio Bravo porphyry system as being centered approximately
400 m southeast and somewhat deeper from the loca Ɵon of the prior encouraging
drilling acƟvity.
Rio Bravo is a highly marketable project for Condor crea Ɵng accre Ɵve value for our
shareholders
Vancouver, B.C., February 3, 2025 - Condor Resources Inc. ("Condor" or the "Company")
(TSXV:CN) is pleased to report the results of the evaluaƟon of historical technical data acquired
from a major interna Ɵonal mining company that had previously owned and operated the
Company’s 100%-owned Rio Bravo project. Rio Bravo is located 112 km south- east of Lima, in
the province of Yauyos, and east of the city of Cañete, in the part of the prolific South-Central
Peru porphyry copper-molybdenum belt. The data set includes 11 drill holes of historical drilling
from 2012 totaling 5,729 m together with drill logs, assays, core photographs, and technical
studies including soil geochemistry; ground geophysics, magnetometry, radiometry, and induced
polarizaƟon, and 20 km2 of detailed geological mapping.
A review of the historical data together with the Company’s own surface work at Rio Bravo
highlights potenƟal for definiƟon a significant new deposit with significant grades of copper and
molybdenum predominantly in primary sulfides, occurring from surface and below an observed
leached cap. Historical drilling was carried out in the contact zone between the observed
assemblages, with the porphyry-type mineralizing system open in all direc Ɵons. Six significant
intercepts include the following:
Table 1: Select historical drill holes from Rio Bravo project (c. 2012)
DH From (m) To (m) Width (m) Cu (%) Mo (ppm) CuEq (%)*
DDH-01
Including
8
138
228
154
220
16
0.32
0.49
275
437
0.52
0.80
DDH-02 122 172 50 0.38 40 0.41
DDH-04 20 62 42 0.30 350 0.55
DDH-06
Including
10
40
128
334
54
146
324
14
18
0.32
0.63
0.56
199
215
264
0.46
0.78
0.75
DDH-07 6 106 100 0.25 170 0.37
DDH-08 6 318 312 0.29 329 0.52
*CuEq (%) based on prices Cu = $4.13/lb, Mo = $29.36/lb
Drilling was carried out in a relaƟvely restricted porƟon of the NW sector of the main Cu-Mo core
target, based on a comprehensive review of the data by Condor’s explora Ɵon team, historical
drilling has targeted the contact zone but the main core of the intrusive porphyry remains totally
untested.
Figure 1: Copper surface distribuƟon, with drilled and undrilled porƟon of porphyry core
Figure 2: Molybdenum surface distribuƟon, with drilled and undrilled porƟon of porphyry core
Figure 3: Cross secƟon (A-A’) model of porphyry, showing the core of potassic alteraƟon and
with undrilled zone at Central porƟon.
Ever Marquez, VP Explora Ɵon, commented “Rio Bravo represents a significant new copper-
molybdenum porphyry-type discovery in South Central Peru, where the western crustal suture of
the Central Andes controls the Cretaceous-TerƟary copper belt that hosts Rio Bravo. For Condor
and its shareholders, this property represents a significant opportunity for future growth”.
The main core of the porphyry-type altera Ɵon and elevated copper and molybdenum in rock
samples outcrops along 1 km of the main ravine within an alteraƟon halo of several kilometers in
size, implying poten Ɵal for discovery of a large tonnage bulk mineable system. Potassic type
alteraƟon assemblages consist of quartz, sericite, secondary bio Ɵte, with stockworks of mulƟple
veinlet events, mineralized with pyrite, chalcopyrite, bornite, molybdenite both disseminated and
in veinlets interpreted as the core of the porphyry-type system. The external interpreted
propyliƟc-type halo contains alteraƟon assemblages of quartz, sericite, chlorite, magneƟte, minor
pyrite, chalcopyrite, with stockworks and intense secondary iron oxides. Secondary copper
carbonates and silicates are found throughout both alteraƟon assemblages.
The alteraƟon and mineraliza Ɵon system is hosted within mulƟple porphyriƟc intrusion events
with hornblende and feldspar phenocrysts, which intruded to Jurasic – Cretaceous rocks of the
coastal batholith as well as sedimentary rocks of the Jurassic and Cretaceous.
Technical Disclosure/Qualified Person
The scienƟfic and technical informaƟon in this press release has been reviewed and approved by
Dr. Quinton Hennigh, (P .Geo., PhD), a Qualified Person as defined in NaƟonal Instrument 43-101
and a Director of Condor Resources. Readers are cau Ɵoned that the technical informa Ɵon
provided in this press release is of a historical nature and does not necessarily conform to the
updated standards set out by NI 43-101 and thus should not be solely relied upon. The data
provided by the major mining company was not accompanied by a Qualified Person statement
that verified the historical values as current.
About Condor Resources Inc.
Condor Resources is a precious and base metals exploraƟon company focused on its porƞolio of
projects in Peru. The Company’s flagship project, Pucamayo, is an 85 km 2 property containing a
high sulfidaƟon epithermal system with disseminated precious metals mineralizaƟon with a large
lithocap alteraƟon visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco,
Peru, has the poten Ɵal to host a large carbonate replacement style (CRD) silver-dominant
polymetallic mineralized body with the potenƟal for discovery of a bulk tonnage silver and base
metals deposit. The Company has op Ɵoned several large projects to partners who con Ɵnue to
advance these projects. The Company’s award- winning explora Ɵon team in Peru has a long
history of success in discovering and advancing high quality explora Ɵon projects and managi ng
the social aspects of its exploraƟon acƟviƟes.
For more informaƟon, please visit the Company's website at www.condorresources.com.
Follow Condor Resources (@CondorResources) on X and (@condor-resources) on LinkedIn.
ON BEHALF OF THE BOARD
Chris Buncic
President & Chief ExecuƟve Officer
For further informaƟon please contact the Company at 1-866-642-5707, or by email at
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