VANCOUVER, BC / ACCESSWIRE / October 6, 2017 / Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to provide further updates on the ongoing diamond drill programs at the Soledad project, and at the Ocros project, both in the Ancash Department, Peru.
Further to our news release of September 26th, Chakana Resources S.A.C. ("Chakana") advise they are now drilling their 12th hole at breccia pipe #1 on the Soledad project. Results from Chakana's first two holes at the Soledad project were released earlier today in a press release issued by Remo Resources Corp. ("Remo"), which press release details an amalgamation agreement between Remo and Chakana Copper Corp.
Chakana has the option to earn a 100% interest in Soledad, over a period of 4.5 years, subject to a 2% net smelter return royalty in favour of Condor.
Further to our press release of September 26th, Compañia Minera Virgen de la Merced S.A.C. ("Merced") has completed their first hole at Condor's Ocros project to a depth of 737m. Merced are continuing with their second hole, which earlier today was at a depth of 52m.
Merced has the option to earn a 70% interest in Ocros over a period of 4 years.
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 OR
Renmark Financial Communications Inc.
Barry Mire: BMire@renmarkfinancial.com
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
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.
SOURCE: Condor Resources Inc.
