Royal

Prospective for: Porphyry Copper-Gold-Molybdenum

Location:

The 50 sq km Royal project is located approximately 300km south of Santiago, Chile and west of the Central Valley.

Ownership: 100% owned.

Geology/Mineralization:

The Royal project covers a +2 sq km rock geochemical Cu-Mo-Au anomaly in quartz-sericite altered sediments with which have been intruded by a quartz feldspar porphyry (QFP) intrusive and quartz-limonite stockwork veining exposed along the NW side of a 2 km wide covered basin.

In 1995, Canadian junior resource company Arauco Resources, sampled the area and collected approximately 80 rock geochemical samples. Of these, a total of 40 returned copper values in excess of 100 ppm, with spot highs of 801, 868, 1951 and 2664 ppm (0.27%). Molybdenum was also very anomalous, with 35 samples returning values in excess of 50 ppm Mo with a peak value of 1187 ppm (0.12% Mo). The highest gold values returned 1.09 and 3.78 g/t Au. Arauco did no further work on the property due to the winding up of the company.

The alteration zone and related anomalous rock geochemistry appear to be controlled by the intersection of N-S and NW-SE linears, which provided the 'plumbing system' for the QFP intrusive. The majority of this large Au-Cu-Mo target is under cover and open for extension to the south. The project has never been drill-tested.

Update:

In November 2009, Coro Mining Corporation announced a drill intercept of 36 m of 2.43% Cu on its Llancahue project, located within the same mineralized belt some 15 km to the north-east of the Royal property.

Condor is seeking a joint venture partner for the Royal project.