|May 26, 2008|
Final Drill Results Received for the Ocros Project, Peru
|Vancouver, B.C., May 26, 2008 -- Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) announces that all drill results have now been received from its Ocros porphyry copper project in Peru.|
Seven holes were completed on the project for a total of 2,803 metres of diamond core drilling. The best intercept was found in the previously reported drill hole OCR-001 with 251.3 m grading 0.15% Cu, including 54 m of 0.41%Cu from 316.0 to 370.0m depth. The remaining holes included OCR-002 with 81.9m grading 0.11%Cu (previously reported), OCR-003 with 102.0m of 0.11%Cu, OCR-005 with 12.0m of 0.16%Cu, OCR-006 with 10.0m of 0.21%Cu and a second interval deeper in the hole which returned 19.6m grading 0.12%Cu. Drill hole locations are shown on the website.
It is important to note that the initial seven widely-spaced drill holes at Ocros tested only a small portion of the 2 sq km porphyry copper target. In view of this, an independent geological consultant has been retained to review the results of the present program and a decision as to the future of the Ocros project will be forthcoming.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of copper and gold projects in Latin 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 four 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:
Lyle Davis: 1-866-642-5707 or 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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