Condor Resources CEO Chris Buncic discussed the company’s explorations in Peru for 2025, highlighting a copper-molybdenum discovery at Rio Bravo and upcoming drilling programs at Huiñac Punta and Pucamayo East. The CEO also noted a joint venture with Teck Resources and outlined a positive outlook with multiple catalysts on the horizon.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) CEO Chris Buncic recently outlined the company’s exploration strategy for 2025 in Peru during an interview with Proactive’s Stephen Gunnion. Key highlights included confirming a copper-molybdenum porphyry discovery at Rio Bravo, which has attracted heightened interest from industry partners since their February 4 announcement.
Buncic elaborated on the upcoming drill programs, specifying a 1,500-meter initiative at Huiñac Punta and a 2,000-meter effort at Pucamayo East. These activities are set to commence upon favorable weather conditions. In contrast, the focus has temporarily shifted to fully permitted projects, such as Pucamayo Southeast, while awaiting the DIA permit.
Additional developments include the joint venture with Teck Resources at Cobreorco, where Teck plans to invest $10 million over six years for a 75% equity stake. The necessary permit approvals are currently underway, with drilling anticipated to start in the latter half of the year.
Looking forward, Buncic acknowledges numerous potential catalysts ahead, such as active drilling operations and prospects for partnership agreements.
Condor Resources is positioning itself for a productive 2025 with significant exploration projects in Peru. Key developments, including the discovery at Rio Bravo and strategic partnerships with Teck Resources, signal a robust future in the mining sector. The company’s focus on permitted projects and upcoming drill programs sets the stage for potential growth and further industry engagement.
Original Source: www.proactiveinvestors.com.au
