Condor Resources Outlines 2025 Exploration Strategy in Peru

Condor Resources is advancing its exploration efforts in Peru with key developments at Rio Bravo, Huiñac Punta, and Pucamayo East. CEO Chris Buncic highlighted imminent drill programs and the significant investment from Teck Resources, indicating a positive outlook for the company’s future prospects.

Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) is making significant strides in its 2025 exploration initiatives in Peru, as discussed by CEO Chris Buncic in an interview with Proactive’s Stephen Gunnion. The company has confirmed the discovery of a copper-molybdenum porphyry at the Rio Bravo site, which follows a press release dated February 4. This promising discovery has attracted heightened interest from the industry regarding potential partnerships.

Buncic elaborated on the anticipated drill programs, detailing a 1,500-meter effort at Huiñac Punta and a 2,000-meter campaign at Pucamayo East. These projects are slated to commence as weather conditions improve. Additionally, the company is currently awaiting a DIA permit for Pucamayo Southeast, prompting a strategic pivot toward projects with existing permits.

Furthermore, an update regarding the joint venture with Teck Resources at Cobreorco was provided, indicating that Teck is poised to invest $10 million over a six-year period for a 75% interest. Permits for drilling are under review, and operations are expected to initiate in the latter half of the year.

Looking forward, CEO Buncic anticipates various catalysts for the company, including active drilling operations and potential partnership arrangements, which may significantly impact Condor’s growth trajectory in the mining sector.

In summary, Condor Resources is poised for an active year in 2025, with notable exploration updates in Peru. The confirmation of a copper-molybdenum porphyry at Rio Bravo, pending drill programs, and an investment from Teck Resources signal promising developments. With various upcoming catalysts, Condor Resources is well-positioned for future growth and exploration success.

Original Source: www.proactiveinvestors.com.au