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CN Condor Resources Inc

0.13
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Condor Resources Inc TSXV:CN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.13 0.13 0.14 0.13 0.13 0.13 21,400 21:00:14

Drilling Resumes at Condor de Oro Project, Northern Peru

27/06/2014 1:00pm

Marketwired Canada


Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased
to announce that Mariana Resources Ltd. ("Mariana") has commenced hole CDOYE-06
at the the Condor de Oro copper-gold-molybdenum project in Northern Peru. 


The prior five holes (1,641m) were completed in late 2013, and were summarized
in Condor's news releases dated November 20th, December 20th, and January 28th.
The widely spaced, 'scout drilling' program was designed to provide a better
understanding of the four square kilometre target area, which hosts an anomalous
gold-copper system at surface related to porphyritic intrusions. Highlights from
this earlier drilling included 102.8m of 0.19% copper hosted by intense potassic
altered andesite volcanics. 


Mariana completed further geochemical sampling on the project in January, and
together with the results from the first five holes, determined the drill-hole
locations for the current program, which will comprise a minimum of 3 holes.
These holes are targeting the core zone and other priority targets of
potentially higher grade mineralization within the large, multiphase intrusive
system. 


The Condor de Oro concessions are owned by Exploraciones Aguila Dorada S.A.C.
("EAD"). Condor has an irrevocable option to acquire 85% of the issued shares of
EAD, and in turn, Condor has granted Mariana an option to acquire 60% of
Condor's shareholding interest, being an overall 51% interest. Mariana is
assisting EAD with the drill program under the terms of the option agreement
with Condor. 


Condor currently has three of its properties under active exploration by third
parties, and looks forward to a steady flow of results from these programs. In
addition, the Company is actively seeking partners on its other projects, and is
reviewing new opportunities identified by its Lima based exploration team. 


ON BEHALF OF THE BOARD 

Lyle Davis, President & Chief Executive Officer 

Dr. Richard Culbert is the Qualified Person under NI 43-101 who has approved the
technical content of this news release. 


Cautionary Statement Regarding Forward-Looking Information: All statements,
trend analysis and other information contained in this press release relative to
markets about anticipated future events or results constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Company does not undertake any obligation
to update forward-looking statements even if circumstances or management's
estimates or opinions should change. Investors should not place undue reliance
on forward-looking statements. 


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 news release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Condor Resources Inc.
1-866-642-5707
info@condorresources.com
www.condorresources.com

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