|September 29, 2008|
Condor Acquires Highly-Prospective Gold Property in the Cordillera del Condor, Peru
|TSX.V: CN Shares Outstanding: 24,060,241|
Vancouver, B.C., September 29, 2008 -- Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to announce that it has attained an irrevocable right to acquire a 100% interest in the Sol de Oro gold and base metals property in the newly-emerging Cordillera del Condor gold and copper belt in northern Peru along the border with Ecuador.
The 49 square kilometre property comprises a total of 5 mining concessions duly filed with the Peruvian mining authority (Instituto Nacional de Concessiones y Catastro Minero -- INACC), and strategically located 10 kilometres NE of the Company's Condor de Oro project (formerly referred to as the Condoro project) at the intersection of the Cordillera del Condor trend and the Machala metallogenic belt.
Condor geologists consider the Sol de Oro property to exhibit potential to host economic gold and base metal mineralization.
The property vendor, a Peruvian national, recently discovered free gold in pan concentrates within multiple streams together with phyllic-altered float boulders containing copper oxides in veinlets and fractures, all located within the Sol de Oro property. The physical characteristics of the gold grains suggest a local source. No previous exploration has ever been carried out in this area. Please visit our website for a property location map for the Sol de Oro property and Condor's other properties in Northern Peru.
Condor has commenced filing the required documentation for the necessary permission required by foreign mining companies operating within 50 kilometres of the border with Ecuador.
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 seven 100% owned projects in Chile, and five 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:
Joel Warawa: 1-866-642-5707
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.
You can view the Next News Releases item: Wed Dec 10, 2008, Amendment to Warrant Terms
You can view the Previous News Releases item: Tue Aug 12, 2008, Condor Intersects Copper Mineralization and Doubles Target Size at Brahma
You can return to the main News Releases page, or press the Back button on your browser.