Condor Resources Project Updates
Condor Resources Project Updates
Vancouver, B.C., September 30, 2020 - Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased to
provide updates on project activity amid the ongoing COVID-19 lockdowns in many locations throughout Peru . Condor
appreciates that Peru has been hit hard by the pandemic, and the health and safety of our e mployees and the host
communities takes priority.
Pucamayo - The project is located in the Ica Department which is subject to a state of emergency until at least October 31st.
Over the past few months, Condor has continued to assist the local Liscay community with contributions of disinfectant and
fumigation systems as well as food packages for each family. The Company has also supplied diesel fuel for road
improvements and site preparations for constructing a new community centre . To better understand local surface owner
rights, Condor recently engaged a firm specializing in researching surface rights histor ies and titles viz-a-viz community
surface rights and ownership. A report is expected to be completed once the state of emergency is lifted and access is
allowed to all required government offices. Condor expects this report to be critical in finalizing access agreement(s) in
preparation for the commencement of its maiden Pucamayo drill program, already fully permitted including water permits
that have been renewed for two years.
Cobreorco - Condor has completed a detailed magnetic survey at Cobreorco using an unmanned aerial vehicle ('UAV'),
equipped with a specially designed magnetometer. The survey covered an area of approximately 5 sq km at a 100 m line
spacing for a total of 68 line kms. Data from t his survey has been processed and Condor is reviewing reports from Deep
Sounding, its geophysical contractor. Initial review of magnetic data suggests presence of two potential intrusive systems
that correlate well with exposed surface gold/copper porphyry and skarn outcrops. Interpretations will allow design of a
targeted diamond drill program. Once designed, Condor will prepare a D.I.A. application to fast-track Cobreorco toward
drilling.
Huinac Punta - In August, Condor completed a detailed magnetic survey at Huinac Punta using its UAV described above.
This survey covered the area of interest and vicinity with 150 m line spacing for a total of 35 line kms. Data is being
processed and a report from the geophysical contractor is awaited. Results from this survey will form part of the basis for
developing a maiden targeted diamond drilling at Huinac Punta. IP geophysical survey is also planned at Huiñac Punta but
must await for lock -downs to be lifted in th is area. The Company received a D.I.A. for this project in July and is currently
preparing to file an Initiation of Activities for this project.
Soledad – Chakana Copper resumed drilling at Soledad in August. Chakana’s current drill program is taking place on th e
concessions immediately south, and contiguous to Condor’s concessions, but within the area of influence of Condor’s
agreement with Chakana.
Condor’s annual general meeting of shareholders will be held October 22 nd. With the emergence of COVID-19, and in light
of limits on larger gatherings and our concern for the health and safety of our employees and shareholders, management of
the Company has decided to hold this year's Meeting as a virtual only shareholder meeting with participation by way of
telephone conference.
Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model designed
to generate exploration capital whilst minimizing shareholder dilution. Our objective in advancing our po rtfolio of projects
is the discovery of a major new precious metals or base metals deposit in Peru . Project acquisition and exploration activities
are managed by the Company’s 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 [email protected]
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.