|November 08, 2007|
Diamond Drill Commences at the Ocros Project in Peru
|Vancouver, B.C., November 8, 2007 - Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to announce that diamond drilling is about to commence at the Company's Ocros porphyry copper project in Peru. |
The Ocros property covers a classic structurally-controlled porphyry copper system measuring 3.5 km N-S by 2.5 km E-W, surrounding two mineralized intrusives. Both intrusives exhibit widespread quartz-vein stockworks, intense quartz-sericite alteration and are extensively copper-mineralized. In addition, the intrusives are accompanied by anomalous Au-Ag-Pb-Zn values over a surface area covering 2000 metres by 1000 metres and a vertical extent of at least 700 metres.
The Phase I drill program at Ocros will comprise 8 diamond drill holes totaling approximately 3000 metres and is designed to test the continuity of the highly anomalous surface copper mineralization at depth.
Condor management believes that the Ocros property exhibits potential to host a significant copper and precious metals deposit.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of copper and gold projects in South America, where management has extensive experience and a proven track record of discovery. The Company's long-term business plan offers shareholders access to a growing portfolio of properties, including six 100% owned projects in Chile, two projects in Argentina and three in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact:
Bernie Kennedy: 1-877-489-4440
Saf Dhillon: 604-484-2015
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. Dr. Richard Culbert, P.Eng., is the Qualified Person for the Company as required by NI 43-101 and has reviewed the contents of this news release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.
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