Condor Resources CEO Chris Buncic outlined the company’s 2025 exploration plans in Peru, highlighting discoveries at Rio Bravo and upcoming drilling at Huiñac Punta and Pucamayo East. The company awaits permits for Pucamayo Southeast and is involved in a joint venture with Teck Resources. Buncic sees multiple upcoming catalysts for growth.
Condor Resources Inc.’s CEO, Mr. Chris Buncic, recently shared insights regarding the company’s exploration initiatives in Peru for 2025 during an interview with Proactive’s Stephen Gunnion. Significant progress has been reported at several sites including Rio Bravo, Huiñac Punta, and Pucamayo East, with a notable copper-molybdenum porphyry discovery at Rio Bravo, which has garnered increased interest from industry players.
The company plans to initiate drill programs amid favorable weather conditions, with a projected 1,500 meters at Huiñac Punta and 2,000 meters at Pucamayo East. However, the focus has temporarily shifted to fully permitted projects as the company awaits its DIA permit for Pucamayo Southeast.
Additionally, Mr. Buncic elaborated on Condor’s joint venture with Teck Resources at Cobreorco, where Teck is committing $10 million over six years for a 75% stake. Permit approvals are underway, and drilling activities are anticipated to begin in the latter half of the year.
Looking ahead, Mr. Buncic remains optimistic about future catalysts such as active drilling campaigns and opportunities for new partnerships, enhancing Condor’s prospects in the mining industry.
In conclusion, Condor Resources is pursuing significant exploration activities in Peru for 2025, focusing on multiple sites where positive developments have occurred. The company remains dedicated to commencing drilling programs upon the improvement of weather conditions, while also navigating permit approvals. The joint venture with Teck Resources is expected to foster growth, alongside forthcoming opportunities for partnerships.
Original Source: www.proactiveinvestors.com.au
