Condor Resources Inc.

Published : October 19th, 2017

DIA received to Drill at Condor's Chavin Project, Peru

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Thursday, October 19, 2017

DIA received to Drill at Condor's Chavin Project, Peru

Vancouver, B.C., October 19, 2017 - Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to announce that Compa�ia Minera Casapalca S.A. ("Casapalca") has received written confirmation of their Declaraci�n de Impacto Ambiental, or a "DIA", from the Peruvian Ministry of Energy and Mines, for the Chavin project. The DIA is the primary environmental permit required prior to drilling.

The 100% owned Chavin project covers an area of eight sq km within the Cordillera Negra mineral belt in north Central Andes, Peru. Chavin is located approximately 70 km NW of the Pierina gold-silver mine operated by Barrick Gold Corporation, in the Ancash Department, Peru.

The Chavin concessions cover a major polymetallic massive sulphide vein system which has been exploited on a small scale at various times since the colonial era. The principal vein has been traced over 1000 metres averaging 2 to 5 metres in width. Rock chip channel samples over a length of 3 to 5 metres across the principal vein have returned polymetallic values from negligible to a maximum of 13.9 g/t Au, 1,645 g/t Ag, 25.7% Pb, 10.7% Zn and 0.2% Cu. These results indicate potential for the discovery of high grade 'bonanza-style' mineralization within this principal vein system. Quartz-vein stockwork within the host intrusive with quartz-biotite-iron sulphides is also anomalous in copper and molybdenum, with evidence of skarn in contact zones, and will be evaluated for epithermal precious metals and porphyry/skarn mineralization.

In November 2015 the Company concluded a production lease agreement with Casapalca on the Chavin project, under which Casapalca pay a net smelter royalty of 3%, subject to an annual minimum of US$25,000, payable in advance. In January 2017, Sandstorm Gold Ltd. purchased a 50% interest in the Chavin NSR. Casapalca is obligated to complete a minimum of 1,000m of Diamond drilling on the project within one year of obtaining the necessary permits.

Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery of a major new precious metals or base metals deposit. Project acquisition and development is managed by our Lima based exploration team.


Lyle Davis,
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at OR

Renmark Financial Communications Inc.
Barry Mire:
Tel: (416) 644-2020 or (514) 939-3989

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.

View News Release on the website:

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Condor Resources Inc.

ISIN : CA20676U1049
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Condor Res. is an exploration silver and gold company based in Canada.

Condor Res. holds various exploration projects in Argentina, in Chile and in Peru.

Its main exploration properties are CONDOR DE ORO, CHAVIN, LA LIBERTAD, PUCAMAYO, CONDORO and OCROS in Peru and EL DORADO ARGENTINA SALTA in Argentina.

Condor Res. is listed in Canada and in United Kingdom. Its market capitalisation is CA$ 6.1 millions as of today (US$ 4.6 millions, € 4.0 millions).

Its stock quote reached its highest recent level on February 04, 2011 at CA$ 3.70, and its lowest recent point on February 05, 2016 at CA$ 0.02.

Condor Res. has 102 060 000 shares outstanding.

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Financings of Condor Resources Inc.
7/29/2016March 2017 Warrants -- Accelerated Expiry
9/24/2015announces Equity Financing and Loan Transaction
3/27/2015Closes $225,000 Private Placement
2/26/2015announces $200,000 Financing
11/14/2013Closes on Increased Private Placement
10/30/2013Announces Increase to Previously Announced Financing
10/23/2013Closes Second and Final Tranche of Private Placement
10/11/2013Closes First Tranche of Private Placement
9/14/2012Closes Private Placement
8/20/2012Warrant Term Extended
7/26/2012Announces $500,000 Private Placement Financing
2/19/2010$3.3 Million Private Placement Closed
1/29/2010Increases size of Brokered Private Placement
1/25/2010$3 Million Brokered Private Placement
Option Grants of Condor Resources Inc.
3/16/20112,575,000 Stock Options Granted at $0,55
Nominations of Condor Resources Inc.
5/10/2008Announces Appointment of New Director
Project news of Condor Resources Inc.
7/20/2016(Pucamayo)Acquires New Projects and Expands the Pucamayo Project
7/6/2016Soledad drilling returns 2.1 g/t AuEq over 290m from surface...
2/10/2015(Ocros)Reports Encouraging Results from Ocros Project in Central Pe...
2/18/2014(Condor De Oro)Project updates for Condor de Oro and Brahma
11/20/2013(Condor De Oro)Drill Results from the Condor de Oro Project; Disseminated G...
10/31/2013(Condor De Oro)Drilling Update from the Condor de Oro Project
10/15/2013(Condor De Oro)Drill Rig Mobilized at Condor de Oro Project
10/5/2013(Condor De Oro)Definitive Agreement - Condor de Oro Project, Area 1
9/17/2013(Brahma)Airborne Geophysical Survey Underway at Brahma/Austral Proje...
9/16/2013Letter of Intent signed on Soledad Project, Peru
9/13/2013Exploration Update on the Cristal Project, Chile
9/11/2013(Condor De Oro)Approval for Exploration Activities Issued for the Condor de...
8/16/2013(Brahma)signs Agreement with MMG Limited on Brahma/Austral Project
7/25/2013Drill Permit for Soledad Project, Peru
4/22/2013Drilling Update on the Cristal Project in Northern Chile
2/4/2013Exploration Update
10/5/2012Options its Cristal Project in Northern Chile
10/4/2012(Condor De Oro)Signs LOI with Mariana on the Condor de Oro Project in North...
4/26/2012Drill Program Completed at San Martin Highlights Include 253...
4/4/2012Second Drill Rig Added at San Martin, Geophysics Underway at...
2/27/2012Six Breccia Pipes identified on the Soledad Property. IP Su...
1/21/2012Acquires Soledad Au-Ag-Cu Project in Peru
1/19/2012San Martin intersects 14.9 m of 68.7 g/t Ag at surface in fi...
9/12/2011High Grade Silver Results at San Martin, Peru
9/7/2011Encouraging Gold-Silver values encountered at the San Martin...
8/29/2011(Chavin)Regains 100% Interest in the Chavin Silver Property, Peru
5/5/2011(Pucamayo)Phase I Drill Program Completed at Pucamayo West
3/30/2011(Pucamayo)Drilling to Commence on the Pucamayo West Gold-Silver Target
1/24/2011(Pucamayo)Permits Granted and Drill Contract Signed for Pucamayo West
1/15/2010(Pucamayo)to Fast-Track Drill Program at Pucamayo
4/20/2010(Pucamayo)Large High Sulphidation Alteration Zone Discovered at Pucama...
3/9/2010(La Libertad)Geophysics Confirms Porphyry Cu-Mo Target at La Libertad
1/5/2010(Pucamayo)'Bonanza-Grade' Gold & Silver Mineralization Discovered at P...
11/24/2009(Condor De Oro)Sampling Expands Extensive Mineralization & defines drill ta...
10/20/2009(Condor De Oro)Prospecting Discovers New Widespread Mineralization at Condo...
2/27/2009(Kury Intsa)Acquires the Kury Intsa Gold and Base Metals Property in the...
2/19/2009Unsolicited Drill Hole Intersects Significant Cu-Au Minerali...
12/18/2008(Brahma)Brahma Project Drill Results
9/30/2008(Condoro)Acquires Highly-Prospective Gold Property in the Cordillera ...
8/12/2008(Brahma)Intersects Copper Mineralization and Doubles Target Size at ...
7/9/2008(Brahma)Diamond Drill Turning at the Brahma Project
5/26/2008(Ocros)Final Drill Results Received for the Ocros Project, Peru
5/20/2008(Brahma)Drill Rig Mobilized To Brahma Project
2/13/2008(Ocros)Drill Results OCR-001 and OCR-002 from the Ocros Project, Pe...
Corporate news of Condor Resources Inc.
8/19/2016DIA Received for Ocros Project; Compañia Minera Casapalca S....
7/29/2016Condor Resources Inc.: March 2017 Warrants - Accelerated Exp...
7/20/2016Condor Acquires New Projects and Expands the Pucamayo Projec...
7/6/2016Condor Resources Inc.: Soledad Drilling Returns 2.1 g/t AuEq...
6/15/2016Community Agreement for Exploration at the Ocros Project
6/2/2016Condor Resources Inc.: Results From the First Two Holes of t...
5/27/2016Community Agreement for development at the Chavin Project
5/27/2016Condor Resources Inc.: Community Agreement for Development a...
4/20/2016Comprehensive agreement concluded with Compañia Minera Casap...
4/20/2016Comprehensive Agreement Concluded With Compañia Minera Casap...
3/28/2016Phase II Drill Program underway at Soledad
3/10/2016Condor Resources Inc.: Stock Options Granted
2/23/2016Comprehensive Agreement Concluded With Compania Minera Casap...
10/28/2015Condor Completes Loan Transaction
9/29/2015Half Year Results for the period ended 30 June 2015
9/24/2015Condor Announces Equity Financing and Loan Transaction
9/7/2015Mariana Terminates the Soledad Earn in Option in Peru
9/4/2015Condor Regains 100% Control of Soledad Project, Peru
8/19/2015Condor Reports on Annual General Meeting of Shareholders
7/30/2015Condor Sells Chilean Subsidiary, 100% Focus on Peru
7/7/2015Condor Resources Inc.: Second Adit at Ocros Confirms Mineral...
3/27/2015Condor Closes $225,000 Private Placement
3/6/2015Condor Receives DIA for Pucamayo East Project, Central Peru
3/5/2015Condor Provides Additional Details on Previously Announced $...
2/26/2015Condor Announces $200,000 Financing
2/25/2015Condor Resources Inc.: Recently Completed Geophysics, Soleda...
2/10/2015Condor Reports Encouraging Results from Ocros Project in Cen...
1/27/2015Condor Announces CFO Appointment, and Grant of Stock Options
11/27/2014Condor Resources Inc.: Condor de Oro Project Update
11/24/2014Condor Resources Inc.: Deep Penetrating Geophysics Program U...
11/3/2014Condor Resources Inc. Project Update: Soledad Gold-Copper-Si...
11/3/2014Soledad Cu-Au-Ag Project, Peru: Mariana Enters Second Year o...
10/31/2014Cnova N.V. Launches Initial Public Offering
10/16/2014Condor Resources Inc.: Copper-Rich Potassic Core Recognized ...
9/25/2014Condor Regains 100% Interest in the Cristal Project, Norther...
9/12/2014Condor Resources Inc.: Drilling Results from Condor de Oro P...
7/28/2014Condor Resources Inc.: Stock Options Granted
7/21/2014Condor Resources Inc.: SDH-012 at Soledad Project intersects...
7/3/2014IIROC Trading Resumption - CN
7/3/2014Condor Resources Inc.: First Deep Hole at Soledad Project, P...
6/27/2014Drilling Resumes at Condor de Oro, Northern Peru
6/27/2014Drilling Resumes at Condor de Oro Project, Northern Peru
2/13/2014de Oro - Security Incident
2/10/2014Stock Options Granted
1/28/2014de Oro - Mariana Advances to Next Stage of Option and Report...
1/23/2014Francisco de Undurraga joins Condor's Advisory Board
12/20/2013(Condor De Oro)Progress Report from the Condor de Oro Drill Program
11/13/2013and Concerned Shareholders Announce Settlement
11/4/2013Mariana Resources Ltd. to Proceed with Option on Soledad Pro...
10/3/2013Announces $500,000 Financing and Corporate Appointments
12/12/2012of Activities
10/19/2012de Oro Project Update
10/9/2012Stock Options Granted
8/31/2012Soledad Community Approval; AGM Results
7/25/2012Amendment to Outstanding Stock Options
7/5/2012High Level Epithermal Precious Metals System Identified at S...
3/6/2012Obtains Surface Rights Access at Soledad and Plans to Commen...
2/16/2012San Martin Drilling intersects 12.1m of 63.9 g/t Ag and 6.1...
7/26/2011Warrants Exercised; AGM Scheduled
7/18/2011Canyon Copper Corp Commences Trading Today as Tier One Compa...
7/12/2011Discovers new Epithermal Gold-Silver Occurrence in Peru
5/26/2011(Pucamayo)Drilling at Condor's Pucamayo West Project intersects 340g/t...
4/11/2011(Pucamayo)Seven Drill Holes Completed at Pucamayo West
3/2/2011La Libertad Drill Program Completed
2/23/2011receives $2.265M from the Exercise of Warrants
8/18/2010Exploration Peru S.A.C. Wins Prestigious Award
1/20/2010Early Warrant Expiry Triggered
10/15/2009Carey Lotz retained for Investor Relation Services
9/29/2009John S. Watt appointed CFO
9/22/2009Field Crews Mobilized to Condor de Oro
3/3/2009Positive Sampling Results at Condor de Oro
2/25/2009Signs Amending Agreement for Three Properties in Peru
5/29/2008Property Updates - Chile & Argentina
4/23/2008Announces Adoption of Shareholder Rights Plan and Grants Opt...
4/8/2008Join Condor Resources Inc. at the 2008 Calgary Resource Inve...
1/14/2008 Options Gold and Copper Prospect in the Cordillera del Cond...
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