Condor Resources Inc. - is pleased to announce that the agreement announced March 19th regarding the sale of a 1% NSR on Soledad to Chakana Copper Corp. has closed. The agreement also includes amendments to the NSR terms of the Assignment and Option Agreement of April 2017, while all other terms, including the remaining cash payments of US$5.225 million, are unchanged. The Assignment and Option Agreement grants Chakana [...]
Condor Resources Inc. - is pleased to announce that Condor and Chakana Copper Corp. have agreed to the acquisition of a 1% NSR by Chakana, and to amend the NSR terms of the assignment and option agreement of April 2017, whereby Chakana has the right to acquire a 100% interest in Condor's Soledad concessions in Peru. Condor will receive 900,000 Chakana shares and US$275,000 cash in consideration for the 1% NSR granted to [...]
Condor Resources Inc. - is pleased to announce that Mr. Geoff Woad has joined Condor's Technical Advisory Board. "We are extremely pleased to have Geoff join our technical advisory board; his experience, reputation and skill set will be a great asset to the board and management" commented Lyle Davis, Condor's President and CEO. During Mr. Woad's 34 year career with BHP he held numerous senior management roles and explored [...]
Vancouver, British Columbia - Condor Resources Inc. - is pleased to provide updates on the ongoing work programs at several of our projects. In addition to recently completed geophysics work at our Pucamayo project, and the final ‘pre- Declaración de Impacto Ambiental filing’ meetings and studies at our Huinac Punta project, there are three active drill programs underway by our partners at the Soledad, Ocros, and [...]
Vancouver, British Columbia - Condor Resources Inc. - Further to our news release of July 16th, we are pleased to announce that the additional ground geophysical surveys, consisting of IP and magnetics, has commenced at our Pucamayo East project. The primary objective of the geophysics program is to extend to the south and to the east the principal drill target, and to define additional drill targets. The program will [...]
Vancouver, British Columbia - Condor Resources Inc. - Further to our news release of July 26th, we are pleased to announce that an access and surface rights agreement has been reached with the two local communities at Huiñac Punta. The agreements were reached subsequent to the community general assemblies held in late July, and are for a term of four years. With these agreements and the work that has been conducted [...]
Vancouver, British Columbia - Condor Resources Inc. - is pleased to provide updates on the Pucamayo, Huiñac Punta, and Andrea projects. At the Pucamayo project, the Company has received written confirmation from the Peruvian Ministry of Energy and Mines that the expiry date of the previously granted 'Declaración de Impacto Ambiental' for Pucamayo east has now been extended to March 2020. The Company has [...]
Vancouver, British Columbia - Condor Resources Inc. - announces that further to its news release of June 15, 2018, it has received gross proceeds of $172,500 from the exercise of 2,300,000 share purchase warrants at $0.075 per share pursuant to the Early Warrant Exercise Program . As an incentive to exercise their warrants early, the exercising warrant holders received 2,300,000 share purchase warrants . Each Incentive [...]
Vancouver, British Columbia - Condor Resources Inc. - is pleased to provide updates on the ongoing work programs being undertaken by our partners on our Soledad, Chavin and Ocros projects. At Condor’s Soledad project, Chakana Copper Corp. has the right to earn a 100% interest, subject to a 2% NSR payable to Condor on the original project, and on the surrounding area of interest. Chakana have expanded their Phase I drill [...]
Vancouver, British Columbia - Condor Resources Inc. - announces it has received conditional TSX Venture Exchange acceptance to a warrant exercise incentive program designed to encourage the early exercise of up to 7.665 million of its outstanding unlisted warrants . The Warrants are currently exercisable at a price of CAN$0.075 per common share until October 10th, October 21st, or November 13th, 2018. Insiders and pros [...]
Vancouver, British Columbia - Condor Resources Inc. - is pleased to announce that drilling has resumed by optionee Compañia Minera Virgen de la Merced S.A.C. at Condor’s Ocros project in the Ancash Department, Peru. Merced completed a ground magnetic geophysical survey on the Ocros project over an area of approximately 3.1 sq km in March. Merced, in consultation with Condor, have used the reports from the [...]
Vancouver, British Columbia - Condor Resources Inc. - is pleased to provide results from Condor’s follow up mapping and sampling program on its Huiñac Punta project. The recent field work was designed to provide a better assessment of the scope and consistency of the carbonate replacement mineralization, hosted in Jurassic limestones. The Huiñac Punta project is located on the eastern part of the Mesozoic [...]