Vancouver, B.C., November 6, 2006 - Condor Resources Inc. - (“Condor” or the “Company”) is pleased to report that preparations are underway to commence drilling of its 100% wholly-owned Escudo project in northern Chile. Access roads and drill site locations are presently under construction for a Phase I drill program comprising 2500 to 3000m, scheduled for startup at the beginning of December.
The 98 sq km Escudo porphyry copper project is located on the prolific West Fissure fault system in northern Chile, between BHP’s Escondida mine and Codelco’s El Salvador deposit. Previous exploration by Condor at Escudo has delineated a 25 sq km Induced Polarization (IP) and resistivity geophysical anomaly at an estimated depth of 150 to 200m below surface. The IP response exhibits characteristics similar to several known large buried porphyry copper deposits such as the Collahuasi and Ujina mines located further to the north.
A number of smaller mines and advanced projects occur in the vicinity of the Escudo project; all are associated with hydrothermal alteration and significant sulphide mineralization that would cause an IP anomaly. Chile is “elephant country” with respect to copper, and Escudo is considered to be one of the most favourable, as yet untested, porphyry copper targets in the country.
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 five 100% owned projects in Chile along with two recently-acquired gold projects in Argentina, each providing a unique path to discovery.
On behalf of the Board of Directors,
Signed “Pat Burns”
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact:
Bernie Kennedy: 604-495-6330
Saf Dhillon: 604-484-2015
email: info@condorresources.com
Condor Resources Inc.
910-885 Dunsmuir Street,
Vancouver, BC V6C 1N5
Tel: 604-484-2015
Fax: 604-688-9895
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
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