Condor Resources is focused on exploration in Peru, led by CEO Chris Buncic. Key updates include a copper-molybdenum discovery at Rio Bravo and upcoming drill programs at Huiñac Punta and Pucamayo East. A joint venture with Teck Resources will see a $10 million investment to enhance operations. Buncic anticipates various catalysts for growth ahead.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) is making significant strides in Peru under the direction of CEO Chris Buncic. In a recent interview with Proactive’s Stephen Gunnion, Buncic detailed advancements in exploration efforts at key locations, including Rio Bravo, Huiñac Punta, and Pucamayo East. Notably, a copper-molybdenum porphyry discovery at Rio Bravo has sparked increased interest from industry partners, as reported in a press release dated February 4.
The company is preparing to initiate drilling programs, with a planned 1,500-meter effort at Huiñac Punta and a 2,000-meter drill at Pucamayo East, pending favorable weather conditions. Additionally, Condor is currently awaiting a DIA permit for Pucamayo Southeast, which has resulted in a temporary focus shift toward projects that already have the necessary permits.
An update on the joint venture with Teck Resources at Cobreorco reveals that Teck intends to invest $10 million over six years for a 75% interest. Permit approvals are moving forward, and drilling activities are expected to start in the latter half of the year.
Buncic remains optimistic about the future, citing various potential catalysts, including active drilling operations and the prospect of new partnership agreements. For ongoing updates, interested parties are encouraged to visit Proactive’s YouTube channel, where they can like, subscribe, and enable notifications for the latest content.
Condor Resources is actively advancing its exploration initiatives in Peru, marked by new discoveries and upcoming drilling programs. The joint venture with Teck Resources further enhances the company’s prospects. With multiple activities planned, including the commencement of drilling and potential partnerships, the future appears promising for Condor Resources.
Original Source: www.proactiveinvestors.com
