Condor Resources Explores New Opportunities in Peru for 2025

Condor Resources is advancing its exploration projects in Peru, confirming a copper-molybdenum porphyry discovery at Rio Bravo, with drilling plans at Huiñac Punta and Pucamayo East pending favorable weather. The joint venture with Teck Resources includes a $10 million investment. CEO Chris Buncic anticipates various catalysts ahead, including ongoing drilling and potential partnerships.

Condor Resources Inc. (TSX-V: CN, OTC: CNRIF) Chief Executive Officer, Chris Buncic, recently provided an overview of the company’s exploration initiatives in Peru during an interview with Proactive’s Stephen Gunnion. The company has reported notable advancements, including the confirmation of a copper-molybdenum porphyry discovery at the Rio Bravo site, which has sparked heightened industry interest in potential partnerships.

Regarding upcoming exploration efforts, Buncic elaborated on the planned drill programs, which include 1,500 meters at Huiñac Punta and 2,000 meters at Pucamayo East. Initiation of these drilling activities is contingent upon improved weather conditions. In the meantime, Condor has temporarily redirected its focus to fully permitted projects while awaiting a critical DIA permit for the Pucamayo Southeast location.

Additionally, Buncic provided insights into Condor’s joint venture with Teck Resources at the Cobreorco site. Teck Resources is set to invest $10 million over six years in exchange for a 75% ownership stake. The process of obtaining permit approvals is currently underway, with drilling activities anticipated to commence in the latter half of the year.

Looking forward, Buncic is optimistic about various developments on the horizon, highlighting ongoing drilling campaigns and the potential for partnership agreements as significant catalysts for the company’s growth.

In conclusion, Condor Resources is making substantial progress in its exploration endeavors in Peru, with promising copper-molybdenum discoveries and strategic drilling plans at several sites. The collaboration with Teck Resources is a key development, and as the company awaits necessary permits, it remains focused on fully permitted projects, fostering potential partnerships that could propel future growth.

Original Source: www.proactiveinvestors.com