Condor Resources Inc.: Drilling Starts on Soledad Gold-Copper-Silver-Project, Peru
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 30, 2014) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that Mariana Resources Ltd. ("Mariana") has advised it has commenced a 2000m diamond drill program at the Company's 100% owned Soledad project.
Soledad is located in the Cordillera Negra metallogenic province approximately 35 km south of Barrick Gold's Pierina mine, in the Ancash Department, Peru. Mariana has an option to earn a 70% interest in the project.
The first hole is intended to verify the results obtained in 1996 by a junior exploration company which drilled Breccia #1 and reported an intersection of 61.5m of 1.9 g/t Au, 146g/t Ag, and 1.8% Cu, starting at 68m depth. The Mariana drill program will subsequently target other prospective areas at Soledad, which include eight other quartz-tourmaline-iron oxide breccias, an epithermal high sulphidation alteration zone, and test for confirmation of a possible intrusive centre at depth.
"We are very pleased with the progress to date at Soledad," stated Mr. Marquez, Condor's Lima based VP of Exploration. "Our team here has been assisting Mariana with the planning of this program, and are excited to see the drill turning."
The Company currently has three of its properties under active exploration by third parties, and looks forward to a steady flow of results from these programs. In addition, the Company is actively seeking partners on its other projects, and is reviewing new opportunities identified by its Lima based exploration team.
ON BEHALF OF THE BOARD
Lyle Davis,
President & Chief Executive Officer
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 Company 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
