posted on Nov 08, 2007 09:07AM
Edit this title from the Fast Facts Section
Condor Resources Inc.
November 8, 2007 - 12:19:47 PM
Condor Resources Inc.: Diamond Drill Commences at the Ocros Project in Peru
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2007) - Condor Resources
Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that
diamond drilling is about to commence at the Company's Ocros porphyry copper
project in Peru.
The Ocros property covers a classic structurally-controlled porphyry copper
system measuring 3.5 km N-S by 2.5 km E-W, surrounding two mineralized
intrusives. Both intrusives exhibit widespread quartz-vein stockworks, intense
quartz-sericite alteration and are extensively copper-mineralized. In
addition, the intrusives are accompanied by anomalous Au-Ag-Pb-Zn values over
a surface area covering 2000 metres by 1000 metres and a vertical extent of at
least 700 metres.
The Phase I drill program at Ocros will comprise 8 diamond drill holes
totaling approximately 3000 metres and is designed to test the continuity of
the highly anomalous surface copper mineralization at depth.
Condor management believes that the Ocros property exhibits potential to host
a significant copper and precious metals deposit.
Condor Resources Inc. was incorporated in 2003 by field exploration
specialists focused on the generation of copper and gold projects in South
America, where management has extensive experience and a proven track record
of discovery. The Company's long-term business plan offers shareholders access
to a growing portfolio of properties, including six 100% owned projects in
Chile, two projects in Argentina and three in Peru, each providing a unique
path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns, President & Chief Executive Officer
Forward-Looking Statements: Statements in this release that are
forward-looking statements are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with Canadian securities
regulatory authorities. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. The Company does not assume the obligation to update any
forward-looking statement. Dr. Richard Culbert, P.Eng., is the Qualified
Person for the Company as required by NI 43-101 and has reviewed the contents
of this news release.
Shares Outstanding: 22,394,139
FOR FURTHER INFORMATION PLEASE CONTACT:
Condor Resources Inc. Bernie Kennedy 1-877-489-4440
Condor Resources Inc. Saf Dhillon (604) 484-2015 Email:
[email protected] Website: www.condorresources.com
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of the release.