Condor Triples Size of the Huiñac Punta Property
TSXV:CN WWW.CONDORRESOURCES.COM
Condor Triples Size of the Huiñac Punta Property
Vancouver, B.C., November 11, 2024 - Condor Resources Inc. ("Condor" or the "Company")
(TSXV:CN) is pleased to report that it has acquired addi�onal explora�on concessions at its Huiñac Punta high-grade silver prospect adjacent to its current project significantly expanding the property size from 2,000 to 7,200 hectares (Ha). The addi�onal concessions acquired by uncontested applica�on add 5,200 Ha of prospec�ve ground to the project land package.
Management believes Huiñac Punta has the poten�al to host a large, carbonate replacement style (CRD) silver-dominant 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. Of 163 two-metre rock chip samples collected by Condor, 28 samples reported silver grades greater than 100 g/t and included bonanza grades in two-metre chip samples of 4,115 and 3,225 g/t Ag. Evidence of historical workings 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.
Chris Buncic, President & CEO of Condor, commented, “the acquisi�on of these addi�onal concessions provides Condor with a significant land package at Huiñac Punta, where we hope to make a new district-scale silver and base metals discovery. Adding to our land package was a significant step to ensure the company’s exposure to this resource and development poten�al as we set about our preparing for the maiden drill program at the project. Our latest understanding is that the Ini�a�on of Ac�vi�es document, in effect the final drill permit, should be forthcoming in a ma�er of days.”
Figure 1: Pre-Exis�ng and New Explora�on Concessions at the Huiñac Punta Project
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 advancing its projects in Peru. The Pucamayo project, an 8,500 Ha property in Ica, Peru, contains 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
This press release may contain forward-looking statements within the meaning of applicable securi�es law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “an�cipate”, “es�mate” and other similar words, or statements that certain events or condi�ons “may” or “will” occur.
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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