Option And JV Areement On The Cobreorco Copper-Gold Project

VANCOUVER - Condor Resources Inc. reported that it and its Peruvian subsidiary, have entered into an option and joint venture agreement on its wholly owned Cobreorco copper-gold project located in the Apurimac Department, Peru with Teck Perú S.A., a subsidiary of Teck Resources Limited.

"Condor is pleased to welcome Teck and their technical expertise to advance the exploration of our Cobreorco project towards a new discovery of critical and precious minerals," said, VP of Exploration, Ever Marquez.

In June 2023, Condor Exploration Peru S.A.C. applied to the Peruvian Ministry of Energy and Mines for the primary environmental permit required to initiate a drill program at Cobreorco. The Declaración de Impacto Ambiental, ("DIA"), seeks approval for up to forty drill platforms on a 4 sq km area of the project. The 50 sq km Cobreorco porphyry-skarn project in south central Peru was acquired by staking. Numerous porphyry and skarn related copper-gold occurrences are exposed in outcrop, and geophysical surveys completed by Condor support the potential for discovery of copper and gold porphyry and skarn-related deposits within the main two square kilometre area of interest.