Condor Resources Inc.

account_balanceMining

  About Us
Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model designed to generate exploration capital whilst minimizing shareholder dilution. Our objective in advancing our portfolio of projects is the discovery of a major new precious metals or base metals deposit in Peru. Project acquisition and development is managed by our Lima based exploration team.
Website

http://www.condorresources.com

http://www.condorresources.com

Headquarters

Suite 520, 800 West Pender Street Vancouver, BC V6C 2V6

Public Issuance

2004

Shares Outstanding

104.56m

Corporate Filings

SEDAR

Stock Symbol

CN:CA

location_onSuite 520, 800 West Pender Street Vancouver, BC V6C 2V6
 3 Reasons to invest
  1. Peru is a global leader in the mining industry; it’s one of the world’s biggest producers of base and precious metals. Currently, it is the third largest producer of copper and zinc in the world. Peru is also a major producer of gold, silver, among other minerals. The success of Peru’s mining sector stems not only from an abundance of rich natural resources, but also from an attractive legal and tax regime designed to support the industry.
  2. Peruvian miners respect the quality of deliverable, and polite professionalism that Canadians present in carrying out their business.
  3. Peru is considered one of the top ten richest mineral countries in the world. It is one of the world’s biggest producers of base and precious metals. Most of the world’s major mining companies, including Xstrata, Newmont, Glencore, Gold Fields,

If you are interested in investing in us, please join management, shareholders and other interested investors in our Investor Group. We want to ensure all investors are well informed and have access to important investor information.

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 Current Team
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Soledad





Condor signed a comprehensive agreement with Chakana Resources S.A.C. ("Chakana") with respect to the Company's Soledad project in April 2017.

Under the terms of the agreement, Chakana has the option to earn a 100% interest in Soledad over a period of 4.5 years, subject to a 2% net smelter return royalty in favour of the Company. To earn the 100% interest, Chakana is required to complete 12,500m of drilling (or work equivalent), make cash payments totaling US$5.375 million, and issue 500,000 Chakana shares to Condor. Should Chakana exercise the option, Chakana retains the right to re-purchase 50% of the NSR royalty by payment of US$2million.

Chakana commenced a drill program at Soledad in August 2017. As of December 31, 2017, Chakana had completed approximately 7,700m in 27 drillholes, and had reported assay results for the first 5 of these drillholes. 
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Quriurqu




The Quriurqu Property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes, and is described as a high sulphidation gold-silver epithermal system. Quriurqu is located about 45 km SW of the Pierina gold-silver mine operated by Barrick Gold Corporation.

The original 2.5 sq km concession was acquired by staking in 2011. A second concession was acquired in October 2016 when Condor had the winning bid at a sealed bid auction conducted by Peruvian officials, increasing the project area to 8.5 sq km. Both concessions are 100% owned.

In January 2017 the Company reached agreement with Sandstorm Gold Ltd. to sell a package of royalties, which included a 0.5% NSR on the Quriurqu project. 

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Huinac Punta




Condor acquired the original 10 sq km concession in 2016 by staking, and in late 2017 acquired an additional concession by staking. The project is prospective for skarn hosted minerals.

The application process for the Declaración de Impacto Ambiental ("DIA") for the Huiñac Punta project was commenced in January 2018. 

The Huiñac Punta project is located on the eastern flank of the Mesozoic polymetallic carbonate sediment host belt in north-central Peru at elevations ranging from 3800 to 4400m, approximately 260 km north-northeast of Lima in the Department of Huanuco. Huiñac Punta is approximately 65 km south-east of the Antamina mine.

The 20 sq km project (approximate) is 100% owned by Condor, subject to a 0.5% NSR held by Sandstorm Gold Ltd. 
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Ocros




Compañia Minera Virgen de la Merced S.A.C. ("Merced") commenced a drill program at Ocros in July 2017, and completed 3 diamond drillholes (2,110m) by February 2018. In March, Merced completed a magnetometry survey over an area of 3.1 sq km. After receiving the results of the mag survey, Merced resumed drilling in late April 2018. Results from Merced's 3 drill holes are pending.

The 19.7 sq km Ocros property is located 180 km NW of Lima at elevations ranging between 2250m and 3550m and on the continental-scale West Fissure fault system, host to the majority of South America's most significant copper resources
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Pucamayo




The Pucamayo project is located 180 km SE of Lima at an elevation of 3800 to 4200 m, in the Department of Ica, and in the Tertiary volcanic belt hosting several major epithermal gold deposits in Peru. Pucamayo is about 56kms south-south west of the Corihuarmi gold-silver mine of Minera IRL Limited, and about 25 kms east of the Cerro Lindo lead-zinc-copper mine of Compañía Minera Milpo S.A.A. 

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Humaya




Condor geologists visited the site in August 2016, to conduct their reconnaissance. Some 31 rock channel samples were collected, and subsequent analysis showed anomalous values for copper, gold and silver.

The property is located in the Department of Ayacucho in Southern Peru, about 190 km east of the city of Ica.

The 7 sq km project was acquired by staking in 2016, and is 100% owned. In January 2017 Condor and Sandstorm Gold Ltd. ("Sandstorm") finalized a transaction that included the sale of a 0.5% NSR to Sandstorm on the Humaya project.

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Andrea




Condor acquired the Andrea project because it hosts a compelling high sulphidation epithermal type gold and silver target, hosted in Tertiary volcanics, dating from the Miocene-Pliocene age. Ever Marquez, Condor's VP of Exploration, is very familiar with the epithermal systems and the precious metals metallogeny of south central Peru, having previously worked extensively in the area. 

The Andrea project is located in the south-central Andes, at elevations ranging from 4100 to 4600m, approximately 480 km south-east of Lima in the Department of Ayacucho. Andrea is approximately 20 km north of the Breapampa mine of Minas Buenaventura.

Condor acquired 8 sq km by staking in early 2017, 4 sq km by auction in June 2017, and 10 sq km by staking in late 2017, bringing the total project area to 22 sq km, 100% owned by Condor.
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San Martin




San Martin is located in the province of Castilla in the department of Arequipa, approximately 650 km southeast of the city of Lima and 7 km southeast of the Orcopampa gold mine, at elevations ranging from 4500m to 4800m. Access is by a 195 km unpaved public road which connects to the Pan American highway. Arequipa, the closest major centre, is approximately 160km SE of San Martin, and is accessible via 320 km of public road.


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Lucero




On November 18, 2015 the Company announced it had concluded a production royalty agreement with Compañia Minera Casapalca S.A. ("Casapalca") a private Peruvian company on the Lucero project. Under the royalty agreement, Casapalca will pay a net smelter royalty of 3%, subject to an annual minimum of US$75,000, payable in advance. If the price of gold exceeds US$2,000 per ounce, the royalty increases to 4.5%, and conversely, if the price of gold is below US$1,000, the royalty will decrease to 1.5%. Casapalca is obligated to complete a minimum of 1,000m of diamond drilling on the project within one year of obtaining the necessary permits.
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Quilisane




The property consists of approximately 19.5 sq kms in two concessions: Quilca and Quilisane, and both were acquired by staking in early 2016. There was 6 sq km of the Quilca concession that went to sealed bid auction on September 1st, where the company had the winning bid. 

In January 2017 Condor and Sandstorm Gold Ltd. ("Sandstorm") finalized a transaction that included the sale of a 0.5% NSR to Sandstorm on the Quilca-Quilisane project.
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