|
|
|
Monday, July 16, 2018
Condor Provides Updates on Pucamayo, Hui�ac Punta, and Andrea Projects
Vancouver, B.C., July 16, 2018 - Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to provide updates on the Pucamayo, Hui�ac Punta, and Andrea projects.
At the Pucamayo project, the Company has received written confirmation from the Peruvian Ministry of Energy and Mines ("MEM") that the expiry date of the previously granted 'Declaraci�n de Impacto Ambiental' ("DIA") for Pucamayo east has now been extended to March 2020. The Company has completed archeological studies, acquired the water permit, and have been advised by the MEM the area does not require a 'consulta previa'. The Company can now submit its 'Inicio Actividad', and with the recent changes in the mining regulations, approval is expected quickly. Additional ground geophysical surveys, consisting of IP and magnetics, will extend coverage to the south and east of previous work. The Company recently acquired by staking an additional 2 sq km within the project, bringing the total area of the Pucamayo Project to 115 sq km.
At the Hui�ac Punta project, discussions with two communities regarding the long term surface rights and access agreement have progressed well, and the two communities have both scheduled their general assemblies for the third week in July. The agreement with the first community is for surface rights for exploration work, and the agreement with the second community is for surface rights to access the project. In parallel, our environmental consultant has collected the field data required to prepare their report in support of the DIA application, including the archeological certificate.
At the Andrea project, the Company has initiated discussions with the local community regarding an access and surface rights agreement. Our environmental consultant has completed the archeological studies and the environmental baseline sampling. The consultant's final report will be submitted as part of the Company's DIA application.
Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery of a major new precious metals or base metals deposit. Project acquisition and development is managed by our Lima based exploration team.
ON BEHALF OF THE BOARD
Lyle Davis, President & Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com
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.
View News Release on the website: http://www.condorresources.com/s/NewsReleases.asp?ReportID=831419 | |
Home | Corporate | Investors | Projects | News | Contact Us |
This message is personalized to you at .com. Please do not forward this email.
Sent by Condor Resources Inc. Suite 520, 800 W. Pender St., Vancouver, BC, V6C 2V6
Sent using QwikBroadcast� system from Adnet Communications #401 - 510 West Hastings St Vancouver BC V6B 1L8, Canada Report abuse: abuse@adnetinc.com
CLICK HERE TO UNSUBSCRIBE | |
|
Condor Resources Inc.
|
|
EXPLORATION STAGE |
CODE : CN.V |
ISIN : CA20676U1049 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Condor Res. is a silver and gold exploration company based in Canada. Condor Res. holds various exploration projects in Argentina, in Chile and in Peru. Its main exploration properties are CONDOR DE ORO, CHAVIN, LA LIBERTAD, PUCAMAYO, CONDORO and OCROS in Peru and EL DORADO ARGENTINA SALTA in Argentina. Condor Res. is listed in Canada and in United Kingdom. Its market capitalisation is CA$ 17.9 millions as of today (US$ 13.0 millions, € 11.9 millions). Its stock quote reached its highest recent level on February 04, 2011 at CA$ 3.70, and its lowest recent point on February 05, 2016 at CA$ 0.02. Condor Res. has 102 060 000 shares outstanding. |