Vancouver, B.C., October 10, 2007 – Condor Resources Inc. – (“Condor” or the “Company”) (TSX.V: CN) is pleased to report that it mobilized its field crews on to the Company’s 100%-owned Brahma property in Chile on October 6th.
On October 7th, float boulders containing abundant finely-disseminated chalcopyrite and covellite in a pervasive quartz-sericite (“phyllic”) altered quartz feldspar porphyry intrusive (“QFP”) were traced up a tributary of the main creek to an outcrop where copper sulphides occur as disseminations, localized stockwork veinlets and fracture coatings.
The following day, prospecting approximately 300 m vertically above this outcrop located additional pervasively altered and leached QFP in bedrock, with hematite and lesser jarosite occurring as disseminations, in stockwork veinlets and on fracture surfaces within the intrusive. This type of alteration closely resembles the leached capping commonly occurring above most Chilean porphyry copper deposits.
Further upstream, close to the headwaters of the main creek, additional altered and mineralized QFP float was found, suggesting the presence of a second porphyry copper-style occurrence nearby.
In addition to mapping and sampling, Condor’s field crews continue to define the extent of the initial discovery while prospecting of the second target is underway. No samples from the current program have yet been submitted for analysis, and such results will be released when they are available.
Condor Resources Inc. was incorporated in 2003 by exploration specialists focused on the generation of copper and gold projects in South America, where management has extensive experience and a proven track record of discovery. The Company’s long-term business plan offers shareholders access to a growing portfolio of properties, including six 100% owned projects in Chile, two projects in Argentina and three in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact:
Bernie Kennedy: 1-877-489-4440
Saf Dhillon: 604-484-2015
email: info@condorresources.com
Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulatory authorities. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement. Dr. Richard Culbert, P.Eng., is the Qualified Person for the Company as required by NI 43-101 and has reviewed the contents of this news release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.
