Drill Rig Mobilized to Brahma Project
posted on
May 20, 2008 09:33AM
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Condor Resources Inc.: Drill Rig Mobilized to Brahma Project
Tuesday May 20, 11:00 am ET
Shares Outstanding: 23,843,691
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2008) Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN - OTC:CNRIF) is pleased to announce that a drill rig has been mobilized to its 100% owned 270 square kilometre Brahma porphyry copper project located south of Santiago, Chile and is anticipated to be on site within the next 10 days. The Phase I drill program at Brahma will comprise 8 to 10 diamond drill holes totaling approximately 3500 m.
The objective of the drill program is to test the 3 sq km highly copper anomalous quartz-sericite 'phyllic' core of this large mineralized system.
Results of a total of 590 primarily rock chip geochemical samples taken from the Brahma project include 273 samples (46%) with values in excess of 100 ppm Cu and include peak values of 0.65%, 0.69, 0.80, 0.99, 1.00, 1.19 and 2.97% Cu along with associated Mo-Pb-Zn and localized anomalous Au-Ag values. Please see the Company's website for details. http://www.condorresources.com/s/Hom...
Condor geologists believe that the Brahma project represents one of the most significant new porphyry copper occurrences to come out of Chile in recent years.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of copper and gold projects in Latin America, where management has extensive experience and a proven track record of discovery. The Company's long-term business plan offers shareholders access to a growing portfolio of properties, including six 100% owned projects in Chile, two projects in Argentina and four in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns, President & Chief Executive Officer