Curated News
By: NewsRamp Editorial Staff
July 11, 2024

Condor Resources CEO Provides Key Project Updates

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Source News Release

TLDR

  • Condor Resources CEO Chris Buncic provided an update on successful drill results, validating the thesis of a hydro-magmatic center with mineralization of gold, silver, and other valuable metals.
  • The analysis of 2023 drill results at the key Pucamayo project confirmed the presence of at least one hydro-magmatic center with mineralization of gold, silver, and associated elevated values for lead, zinc, and copper.
  • Condor's exploration efforts have garnered support from the local community, with plans to benefit the community through comprehensive overviews of the company's activities in Peru.
  • The company's projects in Peru, including the Huinac Punta and Andrea, are navigating the necessary processes and planning new drilling activities, potentially leading to exciting progress by early autumn.

Impact - Why it Matters

This news matters as it provides insights into the progress and challenges of Condor Resources' projects, as well as the company's engagement with local communities in Peru. The updates on successful drill results and the requirement for a separate Environmental Impact Assessment can impact the company's future exploration efforts and investment opportunities.

Summary

Condor Resources CEO Chris Buncic provided an update on the company’s projects, including the key Pucamayo, where successful 2023 drill results validated the mineralization of gold, silver, and associated elevated values for lead, zinc, and copper. The Ministry of Energy and Mines notified the Company that a separate Environmental Impact Assessment (DIA) will be required for the South East Target, and the community remains supportive of the Company’s exploration efforts. The update also included progress on the Huinac Punta project, known for its high-grade silver deposits, and the initiation of a comprehensive overview of Condor’s activities in Peru and the benefits available to the local community.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Condor Resources CEO Provides Key Project Updates

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