Condor Resources CEO Chris Buncic discusses the company’s exploration plans in Peru, focusing on the copper-molybdenum discovery at Rio Bravo and upcoming drilling programs at Huiñac Punta and Pucamayo East. A joint venture with Teck Resources is also highlighted, with drilling expected to begin later this year.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) CEO Chris Buncic recently provided insights into the company’s exploration initiatives in Peru during an interview with Proactive’s Stephen Gunnion. Significant progress has been made at sites such as Rio Bravo, Huiñac Punta, and Pucamayo East, particularly noting the confirmation of a copper-molybdenum porphyry discovery at Rio Bravo, which has heightened interest from industry partners.
Buncic outlined plans for upcoming drill programs, including a 1,500-meter initiative at Huiñac Punta and a 2,000-meter project at Pucamayo East, set to proceed once weather conditions allow. Attention has temporarily shifted to projects that are fully permitted, such as Pucamayo Southeast, as the company awaits its DIA permit.
An update on Condor’s collaboration with Teck Resources at Cobreorco was also shared. Teck is poised to invest $10 million over six years to secure a 75% interest in the project. Permit approvals are advancing, with drilling anticipated to start in the latter half of the year.
Looking ahead, Buncic indicated that multiple catalysts are on the horizon, which include active drilling programs and potential partnership agreements, which may foster further growth and opportunity for the company.
In summary, Condor Resources is progressing thoughtfully in its exploration efforts across stages in Peru, particularly in sites like Rio Bravo, Huiñac Punta, and Pucamayo East. The anticipation of drilling programs and a strategic partnership with Teck Resources further strengthens the company’s position in the mining sector, poised for promising developments in the near future.
Original Source: www.proactiveinvestors.com.au
