Vancouver, B.C., July 25, 2013 – Condor Resources Inc. – (“Condor” or the “Company”) (TSX.V: CN) is pleased to advise that it received today Directoral Resolution No. 189-2013 from the Ministry of Energy and Mines Peru, approving exploration activities, including up to 20 drill holes, at the Company’s 100% owned Soledad project.
Ever Marquez, Vice President Exploration, said “Issuance of the drill permit today is the result of months of hard work and persistence, and we thank our shareholders for their patience during this extended exercise”. The permit is valid until July 2014, and is transferable to potential joint venture partners.
The Soledad property is located within the Central Andes tertiary volcanic belt in the Ancash Province of west-central Peru, approximately 35km south of the Pierina Mine. The property encompasses a large hydro-magmatic center, which includes a cluster of nine quartz-tourmaline-iron oxide breccias, and an epithermal high sulphidation system at higher elevations. A limited drill program in 1996 reported very encouraging results from one of the larger breccias (61.5m grading 1.92 g/t Au, 145.8 g/t Ag, and 1.82% Cu from one diamond drill hole, and 28.5m grading 5.0 and 1.10% Cu from another diamond drill hole). Note the 1996 drill assay results are historic, have not been verified by the Company, and should not be relied on.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of precious and base metals projects in South America, where management has extensive experience and a proven track record. The Company’s long term objective is the discovery of a major precious/base metals deposit through its portfolio of properties in Peru and Chile.
ON BEHALF OF THE BOARD
Lyle Davis,
Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at: info@condorresources.com
Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Corporation does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
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