Update on Condor's Ocros and Brahma Projects
Vancouver, B.C., October 3, 2007 - Condor Resources Inc. - (“Condor” or the “Company”) (TSX.V: CN) is pleased to announce that it has completed a follow-up stream sediment, soil and rock sampling program on its Ocros porphyry copper-gold project located 180 km NW of Lima, Peru. A total of 320 additional samples were collected and assays are pending from ALS Chemex. The Ocros property covers an intensely altered and extensively copper-mineralized system now extended to 3.5 by 2.5 kilometers in area (close to 9 sq km) and exposed over a vertical extent of more than 700 m. A diamond drill has been secured and permitting is in progress to commence an initial 2,000 m Phase I drilling program on the Ocros project in November.
In addition, a field crew is presently being mobilized onto the Company’s 100% owned, 270 sq km Brahma porphyry copper discovery in southern Chile to begin a helicopter-supported prospecting, mapping and sampling program on or about October 5th. The objective of the program is to continue to delineate the extent of the 3 km long copper-gold mineralized zone which remains open to the south and southwest, as indicated by previous prospecting and stream sediment anomalies.
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
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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