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CONDOR BLANCO MINES
www.condormines.com/

Condor Blanco Mines (ASX: CDB) has a portfolio of attractive exploration and short-term development targets in Chile, a stable and supportive mining environment.

The company’s copper-gold projects are distributed across several mineralised belts of different ages and exhibit mineralisation of the high sulphidation epithermal, porphyry, and IOCG styles.

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Condor Blanco Mines queried on share price spike
Wednesday, April 10, 2013 by Proactive Investors


Condor Blanco Mines (ASX:CDB) has been queried by the ASX as to an increase in volume and share price rise from $0.019 on 9 April 2013 to an intra-day high of $0.03 today, 10 April 2013.

The company said it was unaware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading.

The company confirmed that it is in compliance with the ASX Listing Rules.



Production commenced in Chile

On the 2nd April, Condor disclosed it had commenced production of iron ore tailings at a project in the city of Copiàpo in Chile.

Following the acquisition of a 50% interest in the Marianas magnetite tailings project with an initial US$300,000 payment, the project involves the retreatment of an estimated 11 million tonnes of magnetite-bearing tailings.

The grade is such that it if can produce at a consistent grade of 65% iron it would attract a premium price as the company negotiates off-take agreements with potential customers.

It aims to ramp up production of the tailing to 30,000 tonnes per month during 2013 once debt funding is secured for machinery.



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