Condor Resources Discovers Copper-Molybdenum Potential at Rio Bravo Project in Peru

Condor Resources has discovered new Copper-Molybdenum potential at the Rio Bravo project in Peru, based on a detailed examination of historical drilling data. The analysis indicates a significant deposit of high-grade minerals, particularly in the largely unexplored core area, suggesting further exploration could enhance the project’s value.

Condor Resources has reported the discovery of significant Copper-Molybdenum potential at its Rio Bravo project in Peru. During an announcement, CEO Chris Buncic discussed the evaluation of historical technical data from the site, formerly owned by a major international mining entity. The review includes findings from 11 drill holes from 2012, covering a total of 5,729 meters, along with comprehensive geological studies such as soil geochemistry and geophysical assessments over an area of 20 km².

Buncic indicated that the analysis of historical data, complemented by Condor’s surface explorations, suggests the presence of a major deposit housing high-grade copper and molybdenum within primary sulfides. These minerals are located near the surface and extend beneath a leached cap. Initial drill efforts had specifically targeted the contact zones between different geological assemblages, yet the porphyry-type mineralizing system remains open for further exploration in all directions.

Crucially, the primary Cu-Mo core target located in the northwest sector has seen minimal testing, as previous drilling concentrated on surrounding areas. Following an extensive review of the data, Condor’s exploration team posits that drilling the unexplored core of the intrusive porphyry system may reveal substantial mineral resources, thereby enhancing the significance of Rio Bravo in the company’s asset portfolio.

In conclusion, Condor Resources has identified promising Copper-Molybdenum potential at its Rio Bravo project in Peru, as revealed by a thorough assessment of historical technical data and surface exploration results. The largely untested core of the porphyry system represents an exciting opportunity for future drilling, which may yield significant resources and elevate the project’s role within the company’s strategic framework.

Original Source: www.proactiveinvestors.com