CONDOR RESOURCES INC. : http://www.condorresources.com/ : QwikReport

News Releases

#February 13, 2019
Geoff Woad Joins Condor's Advisory Board; Options Granted

 Vancouver, B.C., February 13, 2019 - Condor Resources Inc. - ("Condor" or the "Company") (TSXV: CN) is pleased to announce that Mr. Geoff Woad has joined Condor's Technical Advisory Board. "We are extremely pleased to have Geoff join our technical advisory board; his experience, reputation and skill set will be a great asset to the board and management" commented Lyle Davis, Condor's President and CEO.

During Mr. Woad's 34 year career with BHP he held numerous senior management roles and explored for gold, base metals, diamonds and copper in numerous geological terrains around the world while based in Perth, San Francisco, Dar Es Salaam, Vancouver, Rio de Janeiro, Singapore, and most recently in Lima, Peru, where he established BHP's exploration office. Mr. Woad recently retired from BHP and is currently based in the Vancouver area. He holds a Bachelor of Science Degree with Honours double majoring in Geology and Chemistry from the University of Western Australia, and was recently named a co-recipient of the 2019 AME Hugo Dummett Award for Excellence in Diamond Exploration, and the 2019 PDAC Bill Dennis Award, both for his role in the discovery of the Chidliak diamond district on Baffin Island in Nunavut.

Subject to regulatory approval, Mr. Woad has been granted 500,000 incentive stock options, exercisable at $0.07 per share. The Company also announces the grant of 600,000 incentive stock options, exercisable at $0.06 per share, to employees in the Company's Lima office, replacing options that expired earlier this month.

Mr. John Watt, who has served on the Company's advisory board since January 2015, has resigned, effective February 28, 2019.

Condor is an aggressive explorer focused exclusively on Peru, supplemented by a project generator and royalty model generating exploration capital whilst minimizing shareholder dilution. Our objective is the discovery of a major new precious metals or base metals deposit in Peru. Project acquisition and development is managed by our Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 
#September 17, 2018
Pucamayo Geophysics Completed; Updates on four other Projects

 Vancouver, B.C., September 17, 2018 - Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to provide updates on the ongoing work programs at several of our projects. In addition to recently completed geophysics work at our Pucamayo project, and the final 'pre- Declaración de Impacto Ambiental ("DIA") filing' meetings and studies at our Huinac Punta project, there are three active drill programs underway by our partners at the Soledad, Ocros, and Chavin projects.

At the Pucamayo project, additional ground geophysical surveys, consisting of 23 line km of Induced Polarization and Magnetics was completed in August, and extended coverage to the south and east of previous geophysics work at Pucamayo East, and provided additional data to depth on the principal target. Condor is currently working with the IP and magnetometer data, and along with previous work, it will be used to prioritize drill targets. Commented Ever Marquez, VP Exploration, "The results of the geophysical survey convincingly confirm our model. The large area of interest outlined by the geophysics supports our belief in the significant bulk tonnage exploration potential at Pucamayo East." A DIA is in place for the Pucamayo East project.

At the Huiñac Punta project, the informative workshop meetings, attended by officials from the regional Ministry of Energy and Mines and the Company, have been held with two communities that had previously signed long term access and surface rights agreements. All studies required for the DIA have been completed, and we anticipate finalizing the documentation and filing the DIA application by the end of September.

At the Soledad project, optioned to Chakana Copper Corp. ("Chakana"), phase II (20,000m) is now underway, with two drill rigs currently on site drilling Breccias 3E and 6. Phase I concluded in August (18,863m in 70 holes), with drilling concentrated on Breccias #1 and #5. Soledad continues to return impressive results, including 439m from surface of 0.69% copper, 1.45 g/t gold, and 50.5 g/t silver (refer to Chakana's September 11, 2018 press release). To exercise the option to acquire 100% of the Soledad project, Chakana must make further cash payments of US$5.275 million to Condor; Condor retains a 2% NSR.

Compañia Minera Casapalca S.A. ("Casapalca") commenced a drill program at the Chavin project in August 2018. Casapalca's first hole was drilled with a -40° dip to a depth of 513m to test to depth polymetallic veins exposed at surface; the main vein has been traced on surface for over a kilometer. The first hole encountered replacement style metasomatic sulphide bearing alteration over the entire hole, with intervals of mineralized porphyry at depth. The second hole is being drilled vertically from the same platform as the first hole, and will test the metasomatic and porphyry alteration to depth. (http://www.condorresources.com/i/maps/DDH-CH-01-and-02-location.jpg). Chavin is subject to a production lease agreement with Casapalca, with payment to Condor of a 3% NSR, subject to annual minimums. Sandstorm Gold Ltd. have purchased a 50% interest in the NSR.

Compañia Minera Virgen de la Merced S.A.C. ("Merced") commenced a drill program at Ocros in July 2017, and have completed 4 diamond drillholes (2,928m), and are currently drilling their fifth hole (DDH-006), with a targeted depth of 900m. (see http://www.condorresources.com/i/maps/OCROS-NR-slide-23.pdf). Assay results are pending from DDH-004 and DDH-005, and the Company plans to release results for all Merced's drillholes on receipt.

"We have four drills turning on three of our projects, coupled with the high potential, drill ready project at Pucamayo. Importantly, these drill programs have 100% of the capital being committed by our partners which provides us with multiple catalysts without the need to commit capital to our partner projects. We anticipate delivering a DIA for our Huiñac Punta project before year end as well." commented Lyle Davis, Condor President and CEO.

Condor is an aggressive explorer focused exclusively on Peru, supplemented by a project generator and royalty model generating exploration capital whilst minimizing shareholder dilution. Our objective is the discovery of a major new precious metals or base metals deposit in Peru. Project acquisition and development is managed by our Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 
#August 08, 2018
Condor Initiates Geophysics Program at Pucamayo East; Drilling commences at Chavin

 Vancouver, B.C., August 8, 2018 - Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) Further to our news release of July 16th, we are pleased to announce that the additional ground geophysical surveys, consisting of IP and magnetics, has commenced at our Pucamayo East project.

The primary objective of the geophysics program is to extend to the south and to the east the principal drill target, and to define additional drill targets. (http://www.condorresources.com/i/maps/Pucamayo-East-Zone-Drill-Targets-Map.jpg)

The program will consist of approximately 23 line kilometers of Induced Polarization and Magnetometry and will extend coverage to the south and east of previous geophysics work. Proposed orientation and location of the lines is shown on our website (http://www.condorresources.com/i/maps/PUCAMAYO-IP-MAP.pdf).

The area of the geophysics work coincides with the large high sulphidation epithermal residual silica, and clay assemblages, previously mapped at Pucamayo East as a large epithermal and porphyry system.

The Company is also pleased to announce that drilling at our Chavin project has commenced. Chavin is subject to a production lease agreement with Compañia Minera Casapalca S.A., which agreement, amongst other conditions, requires a minimum of 1,000m of diamond drilling. Drilling is designed to test to depth polymetallic veins exposed at surface; the main vein has been traced on surface for over a kilometre, with widths of 2 to 5m.

Condor is an aggressive explorer focused exclusively on Peru, supplemented by a project generator and royalty model generating exploration capital whilst minimizing shareholder dilution. Our objective is the discovery of a major new precious metals or base metals deposit in Peru. Project acquisition and development is managed by our Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 
#August 01, 2018
Condor Secures Access and Surface Rights Agreement at Huinac Punta Project

 Vancouver, B.C., August 1, 2018 - Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) Further to our news release of July 26th, we are pleased to announce that an access and surface rights agreement has been reached with the two local communities at Huiñac Punta.

The agreements were reached subsequent to the community general assemblies held in late July, and are for a term of four years. With these agreements and the work that has been conducted in parallel by our environmental consultant, we expect our DIA application to proceed relatively smoothly.

The Huiñac Punta project is located on the eastern part of the Mesozoic polymetallic carbonate replacement belt in central Peru, which metallogenic belt is host to the Antamina Mine approximately 65 km to the north-west of the project. Huiñac Punta covers approximately 20 sq km and is 100% owned by Condor, subject to a 0.5% NSR held by Sandstorm Gold Ltd.

The Company is also pleased to announce the addition of Matt Johnston to the Company's advisory board. Mr. Johnston is the President of Johnston-Sequoia Capital Corporation, which firm provides strategic and advisory services to select clients, including Sama Resources Inc., Terraco Gold Corp., and SRG Graphite Inc. Subject to regulatory approval, Mr. Johnston has been granted 500,000 stock options, exercisable at $0.09 per share.

Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery of a major new precious metals or base metals deposit. Project acquisition and development is managed by our Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 
#July 16, 2018
Condor Provides Updates on Pucamayo, Huiñac Punta, and Andrea Projects

 Vancouver, B.C., July 16, 2018 - Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to provide updates on the Pucamayo, Huiñac Punta, and Andrea projects.

At the Pucamayo project, the Company has received written confirmation from the Peruvian Ministry of Energy and Mines ("MEM") that the expiry date of the previously granted 'Declaración de Impacto Ambiental' ("DIA") for Pucamayo east has now been extended to March 2020. The Company has completed archeological studies, acquired the water permit, and have been advised by the MEM the area does not require a 'consulta previa'. The Company can now submit its 'Inicio Actividad', and with the recent changes in the mining regulations, approval is expected quickly. Additional ground geophysical surveys, consisting of IP and magnetics, will extend coverage to the south and east of previous work. The Company recently acquired by staking an additional 2 sq km within the project, bringing the total area of the Pucamayo Project to 115 sq km.

At the Huiñac Punta project, discussions with two communities regarding the long term surface rights and access agreement have progressed well, and the two communities have both scheduled their general assemblies for the third week in July. The agreement with the first community is for surface rights for exploration work, and the agreement with the second community is for surface rights to access the project. In parallel, our environmental consultant has collected the field data required to prepare their report in support of the DIA application, including the archeological certificate.

At the Andrea project, the Company has initiated discussions with the local community regarding an access and surface rights agreement. Our environmental consultant has completed the archeological studies and the environmental baseline sampling. The consultant's final report will be submitted as part of the Company's DIA application.

Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery of a major new precious metals or base metals deposit. Project acquisition and development is managed by our Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 

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