Condor Resources Nears Key Milestones at Huinac Punta and Pucamayo, Prepares for Drilling

Chris Buncic, CEO of Condor Resources, provided a detailed update on the company's progress in key projects during a discussion with Steve Darling from Proactive. Condor Resources is making significant strides at its Huinac Punta and Pucamayo sites, with important regulatory and community engagement milestones on the horizon. At Huinac Punta, Buncic highlighted the completion of the Consulta Previa meeting, a crucial step in the project's advancement. The company anticipates wrapping up this process by the end of August, paving the way for the initiation of on-the-ground activities shortly thereafter. Simultaneously, Condor Resources successfully conducted its DIA (Declaración de Impacto Ambiental) workshop at Pucamayo on July 18th. With positive reports from both the local community and the Ministry of Energy and Mines (MEM), the company is now submitting the formal DIA application. If all goes according to plan, Condor aims to begin drilling at Pucamayo by mid-September, marking a significant advancement in the project's development. Buncic also shared promising updates regarding the Cobreorco project, where Condor's partner, Teck, is making substantial progress. Teck is well advanced in their DIA work and plans to submit their application shortly, potentially positioning the project to commence work by September or October. Teck's commitment to Cobreorco is underscored by their joint venture agreement with Condor, which allows them to earn a 75% stake in the project by spending $10 million over two phases and making cash payments of $1.1 million to Condor. Condor will retain a 25% interest in this promising porphyry/skarn system, located in the Las Bambas district. Buncic emphasized the significance of the Cobreorco project, noting its similarities to the nearby Sombrero project, which recently secured $20 million in funding. With similar mineralization types and size potential, Cobreorco is well-positioned to benefit from the region's growing interest in large-scale mining projects. As Condor Resources continues to advance these projects, the company is poised to make significant contributions to the mining sector in the region, with drilling and exploration activities expected to ramp up in the coming months. #proactiveinvestors #condorresourcesinc #tsxv #cn #MiningUpdate #PucamayoProject #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews