Condor Resources has discovered new copper and molybdenum potential at the Rio Bravo project in Peru. Utilizing historical technical data, the company believes there is significant opportunity for high-grade deposits. Previous drilling focused on peripheral areas, leaving the main target largely untested, prompting exploration of the untouched core for significant resource potential.
Condor Resources has recently announced its evaluation of historical technical data pertaining to the Rio Bravo project in Peru, previously owned by a major international mining firm. This assessment reveals significant potential for copper and molybdenum deposits. The historical dataset encompasses 11 drill holes from 2012, amounting to 5,729 meters, and also includes drill logs, assay results, core photographs, and comprehensive technical studies over a 20 km² area with detailed geological mappings such as soil geochemistry and geophysics.
CEO Chris Buncic explained that the combined analysis of historical and recent surface exploration data indicates a prime opportunity for locating a new high-grade copper and molybdenum resource. The minerals are largely found in primary sulfide forms, emerging from the surface and extending beneath a leached cap. While historical drills focused on the contact between geological zones, the promise of a porphyry-type mineralization system suggests that opportunities for expansion remain plentiful.
Importantly, the principal target for copper and molybdenum mineralization within the northwest sector of the project has not yet been adequately tested, as prior drilling efforts were concentrated on surrounding areas. Following an extensive review of the data, Condor’s exploration team asserts that drilling into the unexplored core of the intrusive porphyry system may lead to the discovery of considerable resources, thereby enhancing the strategic value of Rio Bravo within the company’s asset portfolio.
In conclusion, Condor Resources has identified promising copper and molybdenum potential at the Rio Bravo project in Peru through its recent evaluation of historical technical data. With significant unexplored areas remaining and the potential for substantial resource discovery, the company is well-positioned to advance its exploration efforts. The Rio Bravo project could prove to be a vital asset, bolstering Condor’s standing in the mining sector.
Original Source: www.proactiveinvestors.com
