Condor Resources CEO Outlines 2025 Exploration Plans in Peru
Condor Resources CEO Chris Buncic presented details regarding the company’s 2025 exploration activities in Peru. The discovery at Rio Bravo has attracted industry interest, with significant drilling plans at Huiñac Punta and Pucamayo East. A joint venture with Teck Resources is also in progress, aiming to enhance development prospects.
In an interview with Proactive’s Stephen Gunnion, Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) CEO Chris Buncic shared insights regarding the company’s exploration initiatives in Peru for 2025. Notably, a significant copper-molybdenum porphyry discovery at Rio Bravo has been confirmed, which has sparked heightened interest from industry players in potential partnerships.
Buncic elaborated on prospective drilling operations, outlining a 1,500-meter campaign at Huiñac Punta and a 2,000-meter campaign at Pucamayo East, scheduled to commence as soon as weather conditions improve. In addition, the company is temporarily redirecting focus to projects with full permits pending the receipt of the DIA permit for Pucamayo Southeast.
Further, the CEO discussed the joint venture with Teck Resources regarding Cobreorco, where Teck plans to invest $10 million over six years to acquire a 75% stake. Current permit approvals are underway, and drilling activities are anticipated to begin in the latter half of the year.
Looking to the future, Buncic identifies several catalysts, including ongoing drilling campaigns and the likelihood of securing new partnership agreements.
In summary, Condor Resources is actively progressing in Peru with new exploration endeavors and promising partnerships. The discovery at Rio Bravo has garnered increased interest, and the upcoming drilling programs at Huiñac Punta and Pucamayo East demonstrate the company’s commitment to advancing its projects. Additionally, the joint venture with Teck Resources is set to further strengthen the company’s presence in the region.
Original Source: www.proactiveinvestors.com
