Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	CNK
Latest Price:	0.07 (4.62% )
52-week High:	0.23
52-week Low:	0.04
Market Cap:	4.45M

1 year chart

1 day chart

Condor Metals

Condor Metals (ASX: CNK)is Western Australian base metals exploration company with a focus on iron ore, manganese and nickel.

Condor’s vision is to deliver exceptional shareholder returns through the discovery, delineation and development of mineable minerals and metals.

The Company holds a diversified portfolio of highly prospective tenements for iron ore, manganese, nickel and other base metals in five main projects. These are the Dingo Range Iron Ore and Base Metals Project, the Kallona Creek Iron/Manganese Prospect, the Grey Dam Nickel Prospect, the Gundockata Iron Ore Prospect and Southern Cross gold prospect.

Condor Nickel identifies potentially significant iron ore at Dingo Range

Thursday, September 09, 2010

Western Australia nickel explorer Condor Nickel (ASX:CNK) reports Dingo Range exploration drilling continues to indicate the potential for a significant iron ore resource.

Sampling on E53/1380 and E53/1377 was carried out over a total strike length of approximately 14km and within an estimated area of 5.8 sq km.

Of 52 samples taken, 42 samples (80% of samples) assayed over 50% Fe; and 21 samples (40% of samples) assayed above 55% Fe.

The geology of the Target Areas includes a Banded Iron Formation which has significant continuity within the Dingo Range greenstone belt and is the probable source of the secondary iron surface enrichment.

It is proposed that further geological and geophysical mapping in the field is required to locate the iron-rich layers of the Banded Iron Formation and to identify reverse circulation drill targets to enable assessment of iron ore potential at depth.

The Dingo Range project is located in greenstone belt, 450 kilometres north of Kalgoorlie-Boulder and 150 kilometres south east of Wiluna.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.