Sydney, Australia 22 August 2011 Condor Blanco Mines Ltd.
Condor Blanco Mines Ltd.. / Key word (s): drilling results Condor
Blanco Mines Ltd.:. Holes in the gold-iron-copper project, encounter
Sydney, Australia. 22nd August 2011. Condor Blanco Mines Ltd.. (TSX:
A1H4KP ASX: CDB) announced today that it has begun drilling in the
backwash of 3,400 meters of drilling on the extent gold Iron Project,
located 40 km east of Copiapo in northern Chile. The holes are from 4
August performed. Until now, two wells were completed and two more are
currently being drilled. Currently, two drill rigs operating. The aim
of this first exploratory drilling is to find out whether the porphyry
system beneath the houses worthless clay and phyllites of the surface
ore.
Both wells have encountered long sections with distributed chalcopyrite ore:
Hole depth drill section (length in m) type of ore (m) (depth in m)
RCGI01 322 75-202127 241-322 81 chalcopyrite chalcopyrite
RCGI02 358 91-101 6 chalcopyrite chalcopyrite 160-183 23 282-358 76 chalcopyrite
There are a total of nine holes planned to a depth of 400 m (see
Figure 1 of the original British press release, which is linked at the
end). Hard rock, high water intake and prevented the first two holes
have reached the planned depth. However, the drilling showed that the
mineralized porphyry system over long sections. Samples have been sent
to the laboratory. The analytical results are expected.
Condor Mines has identified a large porphyry gold system on Iron and
mapped. The system comes to the surface and shows a striking color
anomaly in an area of 1.2 km by 600 m (Figure 2 of the original
English press release).
