Condor Resources CEO Chris Buncic updates on exploration plans in Peru, confirming a copper-molybdenum discovery at Rio Bravo. Upcoming drill programs at Huiñac Punta and Pucamayo East are planned, with attention on fully permitted projects. A joint venture with Teck Resources aims for significant investment and drilling by year’s end. Multiple catalysts for growth are anticipated.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) is making significant strides in its exploration efforts in Peru, as detailed by CEO Chris Buncic in an interview with Proactive’s Stephen Gunnion. A notable development includes the confirmation of a copper-molybdenum porphyry discovery at Rio Bravo, attracting further industry interest for potential partnerships since the announcement on February 4.
Buncic outlined the forthcoming drilling initiatives, which consist of a 1,500-meter exploration program at Huiñac Punta and a 2,000-meter program at Pucamayo East. These operations are scheduled to commence pending improvements in weather conditions. Concurrently, Condor is focusing on fully permitted projects while awaiting the DIA permit for Pucamayo Southeast.
Additionally, Buncic provided updates regarding the joint venture with Teck Resources at Cobreorco, where Teck has committed to invest $10 million over the next six years, in exchange for a 75% stake. Permit approvals are underway, with drilling activities anticipated to begin in the latter half of the year.
Looking ahead, Buncic identifies several key catalysts, which include ongoing drilling campaigns and prospective partnership negotiations that could propel the company’s exploration agenda forward. For further updates, interested parties may follow Proactive’s YouTube channel and engage with content by liking, subscribing, and enabling notifications.
In conclusion, Condor Resources is advancing its exploration initiatives in Peru with critical discoveries and new drilling programs. The joint venture with Teck Resources signifies a strong partnership building, and the forecasted drilling campaigns and potential deals present exciting opportunities for the company. Stakeholders are encouraged to stay updated through Proactive’s channels.
Original Source: www.proactiveinvestors.com.au
