Condor Discovers Large New Porphyry Copper Occurrence in Chile
Vancouver, B.C., June 25, 2007 - Condor Resources Inc. - (“Condor” or the “Company”) is pleased to announce that its ongoing project generation program in Latin America has resulted in the discovery of a potentially large new porphyry copper system in Chile.
Located south of Santiago in Chile’s Region VII, this new discovery occurs within the West Fissure fault system, host to the majority of Chile’s largest copper deposits.
A reconnaissance prospecting program in the area in 2006 eventually led to the discovery in April, 2007, of a stream sediment anomaly which returned maximum values of 960 to 4552 ppm (0.01 to 0.46%) Cu. Subsequent soil sampling also proved anomalous, with 7 samples assaying from 520 to 2671 ppm (0.05 to 0.27%) Cu.
Follow-up prospecting discovered abundant disseminated chalcopyrite and secondary copper mineralization extending for approximately 2 km in outcrop along a creek valley, hosted in an altered and brecciated intrusive complex. Selected rock samples have returned peak values of 0.45, 0.65, 0.69 and 0.76% Cu.
This large mineralized intrusive complex currently remains open to the south and southeast.
Condor geologists believe that the occurrence could be one of the most significant new copper discoveries to come out of Chile in recent years.
Plans are being made to send a prospecting crew into the area to attempt to define the limits of this extensively mineralized system, combined with a mapping and sampling program.
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 the recently-acquired La Libertad project in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
FOR FURTHER INFORMATION PLEASE CONTACT:
Bernie Kennedy: 1-877-489-4440
Saf Dhillon: 604-484-2015
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.
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