Vancouver, B.C., April 11, 2011 – Condor Resources Inc. – (“Condor” or the “Company”) (TSX.V: CN). Further to our news release of March 3rd, Condor is pleased to report that drilling is progressing well, with seven drill holes completed at the Pucamayo West Gold-Silver prospect located in Ica Department, Peru. No assays have yet been received from the active drill program.
The first drill hole was collared on March 16th, and to date, a total of seven of twelve planned shallow diamond drill holes totalling 777 meters have been completed.
The drill program at Pucamayo West is designed to test the numerous NW and NE trending low to intermediate sulphidation multiphase quartz-carbonate veins, the largest of which has been traced along strike for 1500m with an average width on surface of over 15m. The majority of the drill holes to date have successfully intersected the quartz-carbonate veins and brecciated quartz at vertical depths of 30m to 67m below surface and with interpreted true widths ranging up to 8m. The quartz veins show a complicated history of multiple generations of veining. Several resistivity and chargeability geophysical anomalies are coincident with the surface mineralized dominant NNW-striking vein and associated secondary structures. The current drill program is testing these structures at several locations along strike and at depth. To date, the geophysical anomalies are an excellent guide to tracing the epithermal veins below surface.
Road access and drill platform construction, along with continued prospecting, has resulted in the discovery of several new veins on the property which are currently being methodically sampled.
The diamond drilling is being conducted according to standard industry best practices. HQ core is logged and the samples are marked prior to being systematically photographed. Blanks and certified standards are routinely added into the sample sequence in order to independently assess analytical accuracy. Condor personnel transport the sealed sample bags to the ALS Peru laboratory in Lima for analysis. The ALS Peru facility complies with the requirements for the international standards ISO 9001:2008 and ISO 17025:2005.
Results will be released upon completion of the drill program and subsequent receipt of assays from the laboratory.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of gold and copper projects in South America, where management has extensive experience and a proven track record of discovery. The Company’s long term objective is the discovery of a major new gold and/or base metal deposit, and its business plan offers shareholders access to an exciting and growing portfolio of discovery stage properties, including six 100% owned projects in Chile, and seven projects in Peru, each offering a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact Timea Carlsen at 1-866-642-5707, or by email at: info@condorresources.com
Dr. Richard Culbert is the Qualified Person under NI 43-101 who has approved the technical content of this news release.
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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