BHP starts Cristal drilling
Condor Resources starts drilling at Cristal
2013-03-05 07:18 MT - News Release
Mr. Patrick Burns reports
CONDOR RESOURCES INC.: DRILLING COMMENCED AT CRISTAL PROJECT
Condor Resources Inc. commenced drilling at the Cristal project in northern Chile on the weekend of March 2, 2013.
Condor was advised by BHP Billiton on Monday, March 4, 2013, that drilling of the first hole at Cristal had reached a depth of over 180 metres, of a targeted depth of 900 metres. As reported Feb. 4, 2013, BHP Billiton conducted an airborne geophysical survey in late 2012 that encompassed Condor's 46-square-kilometre Cristal project in northern Chile. Under an agreement dated Oct. 5, 2012, BHP Billiton can earn a 65-per-cent interest at Cristal with the expenditure of $18-million (U.S.) over four years.
This area of the Chilean porphyry copper belt has been an area of increased activity recently. Anglo American is the holder of record on the concessions immediately south of Cristal and was reported to be drilling there in late 2012.