Condor Receives Final Drill Permit at Huinac Punta High-Grade Silver Prospect
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Condor Receives Final Drill Permit at Huinac Punta High-Grade Silver Prospect
Vancouver, B.C., November 14, 2024 - Condor Resources Inc. ("Condor" or the "Company")
(TSXV:CN) is pleased to report that it has successfully completed the Consulta Previa process at Huinac Punta and received the final Ini�a�on of Ac�vi�es permit from the Ministry of Energy & Mines. This is a cri�cal milestone for the Company, clearing the way for the planned explora�on program at this highly prospec�ve project.
Chris Buncic, President & CEO of Condor, commented, “the comple�on of the Consulta Previa process at Huinac Punta and the Ini�a�on of Ac�vi�es is a major turning point for the project.
Condor has been advancing this prospec�ve project for several years, first receiving its DIA or principal permit in 2020. With this step behind us, the Company is preparing to kick off its maiden drill program at Huinac Punta, and has la�tude for several subsequent programs over the next three years. We are excited to begin work in this highly prospec�ve belt that hosts a number of the world’s largest base and precious metals mines.”
The Huiñac Punta project has the poten�al to host a large, carbonate replacement style silverdominant polymetallic mineralized body. Based on sampling of exis�ng surface exposures, mineraliza�on includes high-grade Ag and elevated Cu, Zn, Pb and Co values. Evidence of historical works from Spanish colonial �mes is present with several accessible historical adits showing evidence of the elevated silver values associated with disseminated grey and black breccia-hosted sulfide material consis�ng of sphalerite, galena, chalcocite, bornite, covellite and undetermined lead and silver sulphosalts. The first phase drill program will target geological and geophysical features that suggest poten�al for discovery of a bulk tonnage silver and base metals deposit.
Technical Disclosure/Qualified Person
The scien�fic and technical informa�on in this press release has been reviewed and approved by Dr. Quinton Hennigh, (P.Geo., PhD), a Qualified Person as defined in Na�onal Instrument 43-101 and a Director of Condor Resources.
About Condor Resources Inc.
Condor Resources is a precious and base metals explora�on company focused on its por�olio of projects in Peru. The Company’s flagship project, Pucamayo, is an 85 km2 property containing a high sulfida�on epithermal system with disseminated precious metals mineraliza�on with a large lithocap altera�on visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the poten�al to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the poten�al for discovery of a bulk tonnage silver and base metals deposit. The Company has op�oned several large projects to partners who con�nue to advance these projects. The Company’s award-winning explora�on team in Peru has a long history of success in discovering and advancing high quality explora�on projects and managing the social aspects of its explora�on ac�vi�es.
For more informa�on, please visit the Company's website at www.condorresources.com.
ON BEHALF OF THE BOARD
Chris Buncic President & Chief Execu�ve Officer
For further informa�on please contact the Company at 1-866-642-5707, or by email at [email protected]
Forward-Looking Statements
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Although the Company believes that the expecta�ons reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expecta�ons will prove to be correct. Such forward-looking statements are subject to risks and uncertain�es that may cause actual results, performance or developments to differ materially from those contained in such statements.
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