Condor Resources Inc. CEO Chris Buncic discussed the company’s Peru exploration progress, including a copper-molybdenum discovery at Rio Bravo. Upcoming drilling programs will span Huiñac Punta and Pucamayo East, while a joint venture with Teck Resources involves significant investment and pending permit approvals.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) CEO Chris Buncic provided insights regarding the company’s ongoing exploration initiatives in Peru, highlighting significant developments at Rio Bravo, Huiñac Punta, and Pucamayo East. Notably, the confirmation of a copper-molybdenum porphyry discovery at Rio Bravo, announced on February 4, has attracted increased interest from industry partners.
Buncic outlined the planned drilling programs, which include a 1,500-meter effort at Huiñac Punta and additionally a 2,000-meter drill at Pucamayo East, both scheduled to commence when weather conditions permit. Currently, the focus has shifted temporarily to these fully permitted projects as the company awaits the DIA permit for Pucamayo Southeast.
Additionally, Buncic provided an update on the joint venture with Teck Resources at Cobreorco, where Teck is poised to invest $10 million over six years for a 75% interest. The necessary permit approvals are underway, with drilling anticipated to start in the latter half of the year.
Looking forward, Buncic expressed optimism regarding several upcoming catalysts, which include active drilling operations and the possibility of forming new partnership agreements.
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In summary, Condor Resources Inc. is advancing its exploration efforts in Peru, particularly with notable discoveries and planned drilling programs. The joint venture with Teck Resources signifies a strategic investment, while anticipated catalysts could enhance the company’s market position. Stakeholders are encouraged to stay informed through Proactive’s platforms for further updates.
Original Source: www.proactiveinvestors.com
