Vancouver, B.C., December 10, 2007 – Condor Resources Inc. – (“Condor” or the “Company”) (TSX.V: CN) is pleased to announce that diamond drilling commenced on its Ocros porphyry copper project in Peru on November 6th and two of 8 planned drill holes have now been successfully completed. Both holes, OCR-001 and OCR-002 intersected a zone of oxidation (“leached capping”) in the first 22 to 35 metres of drilling, before encountering copper mineralization throughout the remaining length of each hole in both the feldspar hornblende porphyry and quartz feldspar porphyry intrusives. OCR-001 and OCR-002 are approximately 500m apart and were terminated in mineralization at depths of 400.30m and 461.30m, respectively.
Mineralization comprises copper oxides, chalcopyrite, bornite, chalcocite and covellite along with varying amounts of disseminated pyrite and molybdenite and is typically associated with quartz-sericite (“phyllic”) and potassic alteration zones as abundant disseminations, in quartz stockwork veins and veinlets, in several breccia bodies, isolated veins and veinlets, and as fracture coatings.
Samples from drill hole OCR-001 have been shipped to ALS Peru S.A. laboratory, the ALS Chemex affiliate in Lima, Peru, and samples from OCR-002 are currently being prepared for shipment. Results will be released when they are available.
The Ocros property covers a classic structurally-controlled porphyry copper system measuring 3.5 km N-S by 2.5 km E-W, comprising two mineralized intrusives along with widespread quartz-vein stockworks, intense quartz-sericite alteration and anomalous Au-Ag-Pb-Zn values over a surface area covering 2000 m by 1000 m and a vertical extent of at least 700 m.
Condor Resources Inc. was incorporated in 2003 by field 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.
