El Condor completes winter drill program
US Symbol: ECNRF
VANCOUVER, March 22, 2012 /PRNewswire/ – El Condor Minerals Inc. (“El Condor”
or the “Company”) announces completion of 12 diamond drill holes at its
Horden Lake Project totaling approximately 2,036 meters. The drilling
program was designed to generate sufficient volumes of mineralization
for preliminary metallurgical test work and to expand the strike length
of the copper-nickel-precious metal zone. The project manager halted
drilling once sufficient sample was obtained for the metallurgical
program and spring conditions began to hamper access.
Drill core is being logged and split at the winter camp. The core is
transported to a core storage facility in Matagami, from which the
metallurgical samples will be shipped to a preferred testing lab. The
field crews have already shipped samples from 6 holes to Activation
Labs for analytical work. The remaining samples are expected to be
shipped within days.
The Company is currently in discussions with environmental consultants,
soliciting proposals for baseline environmental work, which is expected
to begin later this spring to capture 2012 runoff data.
The Company has also begun costing and planning development of an access
road to the Project site, which will enable more efficient year-round
access for future work.
Company CEO Leigh Freeman commented: “Despite a late start to our
winter program at Horden Lake, we were able to complete drilling for
our preliminary metallurgical program, and to extend drilling 250
meters along strike from the limits of the NI 43-101 compliant mineral
resource. We look forward to the analytical results of the drilling in
the coming weeks, and to the results from the metallurgical program
later this spring.”
About El Condor Minerals Inc.
El Condor Minerals Inc. is a minerals exploration company focused on the
discovery and development of large precious- and base-metal mineral
systems in stable political jurisdictions. Currently the Company is
developing the Horden Lake Copper Project, an advanced exploration
stage copper-nickel deposit in Quebec. Additional information on El
Condor, its properties and its exploration and development activities
is available at the Company’s website: www.elcondorminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Leigh W. Freeman”
President & CEO
FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by the
words “expects”, “plans”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or that
events or conditions “will”, “would”, “may”, “could” or “should”
occur. Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking
statements. Forward-looking statements are based on the beliefs,
estimates and opinions of the Company’s management on the date such
statements were made. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether
as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE El Condor Minerals Inc.