Condor Resources CEO Chris Buncic discusses exploration advancements in Peru. Key highlights include a copper-molybdenum discovery at Rio Bravo, upcoming drill programs at Huiñac Punta and Pucamayo East, and a joint venture with Teck Resources at Cobreorco. Expected drilling and partnerships are anticipated to drive future growth.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) CEO Chris Buncic recently updated Proactive’s Stephen Gunnion on the company’s exploration initiatives in Peru. Key developments include a confirmed copper-molybdenum porphyry discovery at Rio Bravo, which has attracted increased interest from industry partners, following a press release on February 4.
Buncic announced detailed plans for upcoming drilling programs: a 1,500-meter exploration at Huiñac Punta and a 2,000-meter initiative at Pucamayo East. These are scheduled to commence once weather conditions improve. Currently, the company is awaiting the DIA permit for Pucamayo Southeast, shifting their focus temporarily to fully permitted projects.
Additionally, Buncic provided insights into the ongoing joint venture with Teck Resources at Cobreorco, where Teck is investing $10 million over six years for a 75% stake. The necessary permit approvals are progressing, and drilling is anticipated to begin in the latter half of the year.
Buncic highlighted several potential catalysts for the company, including active drilling operations and prospective partnership arrangements, bolstering future growth opportunities in the sector.
Condor Resources is advancing its exploration activities in Peru with promising discoveries, planned drilling programs, and strategic partnerships. The confirmed copper-molybdenum porphyry at Rio Bravo and the joint venture with Teck Resources positions the company for significant growth. As they await permits and weather conditions, the outlook remains optimistic for the 2025 exploration initiatives.
Original Source: www.proactiveinvestors.com
