|April 12, 2006|
Condor Resources - Update
|Condor Resources Announces the Commencement of In-Fill Geophysics on its Escudo Porphyry Copper Project in Chile.|
Vancouver, B.C., April 12, 2006 - Condor Resources Ltd. ("Condor" or the "Company") announces that a geophysical crew has been mobilized to the Company's 100%-owned, 98 sq km Escudo porphyry copper project located east of the town of Taltal in northern Chile.
The original 1 to 3 km line-spacing IP and Resistivity survey conducted on the Escudo property delineated a 20 sq km IP phase anomaly located under alluvial fill within the West Fissure fault system, host to the majority of Chile's largest porphyry copper deposits. Escudo is located between BHP Billiton's Escondida and Codelco's El Salvador mines.
The current follow-up survey will consist of approximately 50-line kilometers within the 20 sq km IP anomaly previously delineated. The objective of the program is to in-fill and extend the previous IP survey coverage, by providing closer line-spacing in order to define more specific drill targets. Survey completion is currently scheduled for month end.
Work is also going ahead on two of the Company's other 100%-owned projects, Becker and Royal, where a rock geochemical sampling program will be completed on both properties within the next few weeks. The Becker gold project is considered to host potential for "bonanza-style" mineralization. The Company recently staked six additional claims over the known gold-bearing vein system, increasing the property from an initial 6 sq km to a total area of 20 sq km. The 15 sq km Royal project covers a large rock geochemical copper-molybdenum-gold occurrence in quartz-sericite altered sediments which have been intruded by a quartz-feldspar porphyry intrusive.
Condor Resources was incorporated in 2003 to capitalize on management's broad in-country experience and extensive contact-base in Chile and elsewhere in Latin America. The Company's philosophy is to continue generating attractive gold and copper projects in the region, and to test selected priority targets. Condor is specifically interested in joint venture participation to enhance the value of its property portfolio. We are confident that this well-defined focus improves the odds of Condor participating in the next exploration success story in the region.
For further information, please contact:
Condor Resources Inc.
910-885 Dunsmuir Street
Vancouver, BC V6C 1N5
Patrick J. Burns, President
Saf Dhillon, Investor Relations
Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulatory authorities. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.
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