Condor Resources Inc.

Published : November 24th, 2009

Sampling Expands Extensive Mineralization & defines drill targets at the Pucayacu Target, Condor de

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Keywords :   Chile | Copper | Ecuador | Gold | Peru |
=======================================================================
Re:   News Releases - Tuesday, November 24, 2009
      Sampling Expands Extensive Mineralization & defines drill targets
      at the Pucayacu Target, Condor de Oro
=======================================================================

Vancouver, B.C., November 24, 2009 - Condor Resources Inc. - ("Condor"
or the "Company") (TSX.V: CN) is pleased to announce results of recent
follow up work on the Pucayacu Target on the Condor de Oro project in
northern Peru, where the Company has the right to earn an 85% interest.

Additional mapping and sampling on the 4 sq km Pucayacu zone have
confirmed the favourable geology and expanded the strong gold and
copper geochemical anomaly in outcrop, rock float, soils and stream
sediments which occur along with a coincident airborne magnetic
geophysical anomaly. The program resulted in the collection of an
additional 89 samples, which returned negligible to anomalous results,
with peak values of 754 ppb Au, 0.18% Cu, 91 ppm Mo, 0.22% Pb,  0.52%
Zn and locally anomalous As, Sb and Hg.

Including the recent sample program, a total of 385 samples have now
been collected and analyzed at Pucayacu.  The results to date are
summarized below.

Rock Outcrop (192 samples):
Au: Negligible to 13.2 g/t Au. A total of 117 samples (61%) have
greater than 50 ppb Au and 26 (14%) have greater than 500 ppb Au.
Cu: Negligible to 0.28% Cu. A total of 143 (74%) have greater than100
ppm Cu.

Rock Float (44 samples):
Au: Negligible to 16.00 g/t Au. A total of 38 (86%) have greater than
50 ppb Au.
Cu: Negligible to 1.00% Cu. A total of 40 (91%) have greater than 100
ppm Cu.

Soils (85 samples):
Au: Negligible to 1.98 Au. A total of 60 (71%) have greater than ppb
Au.
Cu: Negligible to 0.18% Cu. A total of 46 (54%) have greater than 100
ppm Cu.

Stream sediment (64 samples):
Au: Negligible to 1.33g/t Au. A total of 53 (83%) have greater than 50
ppb Au.
Cu: Negligible to 0.11% Cu. A total of 59 (92%) have greater than 100
ppm Cu.

The Pucayacu targets on the Condor de Oro property have never
previously been drill tested. As a result of the reported sampling
program, the combined geochemical sample density is now considered
sufficient to define two immediate drill targets that have approximate
plan size of 1.0 and 0.75 square kilometers, respectively. These target
areas consist of highly anomalous geochemical Au and Cu values and are
located approximately 1500m apart. In these areas, sampling to date has
returned peak values of 13.2 g/t Au in a 3m rock chip sample, with
values as high as 8.20 g/t, 11.95 g/t and 16 g/t Au from rock float,
and soil samples with peak values of 1.56 g/t and 1.98 g/t Au. These
targets are also locally anomalous in the gold pathfinder elements (As,
Bi, Sb and Hg), with a peripheral Pb-Zn anomaly.

As a result, the Company has initiated plans to request a drill permit
to test these two targets at Pucayacu. Some additional detailed soil
sampling may be undertaken to better define drill site locations.

The Pucayacu target is characterized by intense quartz-sericite-clay
alteration along with abundant disseminated limonites/pyrite and a
strong quartz vein stockwork with limonite-pyrite and secondary copper,
as well as rhodochrosite, chalcedonic quartz and jasper, hosted within
an intrusive complex including a coarse-grained Tertiary quartz-eye
porphyry cutting Jurassic andesites.  The target remains open to the
north and south. Placer gold has been mined from several of the creeks
draining Pucayacu and elsewhere on the property since pre-Inca times.
Chalcedonic quartz and jasper are also present, these being products of
multiphase hydrothermal events related to an island arc environment
similar to that at Kinross' Fruta del Norte project in Ecuador. The
Pucayacu project occurs at the intersection of the southwest projection
of the newly emerging Cordillera del Condor metallogenic belt and the
NW-SE Machala mineralized fault system. Both structural zones contain
multi-million ounce gold deposits elsewhere in Ecuador and Peru. (for
an area map, see link below)
(http://www.condorresources.com/s/PhotoGallery.asp?ReportID=373600&_Ti
tle=Cordillera-del-CondorMachala-Belts)

Incentive Options
Pursuant to the Company's 2009 Stock Option Plan, it has granted
680,000 incentive stock options with an exercise price of $0.15, and
has re-priced 385,000 existing incentive options held by employees and
consultants to an exercise price of $0.15, subject to approval of the
TSX Venture Exchange.

About Condor
Condor Resources Inc. was incorporated in 2003 by field exploration
specialists focused on the generation of gold and copper projects in
South America, where management has extensive experience and a proven
track record of discovery. The Company's long term objective is the
discovery of a major new gold and/or base metal deposit, and its
business plan offers shareholders access to an exciting and growing
portfolio of discovery stage properties, including six 100% owned
projects in Chile, and seven projects in Peru, each offering a unique
path to discovery.

ON BEHALF OF THE BOARD

Patrick J. Burns,
President & Chief Executive Officer

For further information please contact Carey Lotz at 1-866-642-5707, or
by email at: info@condorresources.com

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.


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.

=======================================================================
Copyright (c) 2009 CONDOR RESOURCES INC. (CN)  All rights reserved.
For more information visit our website at
http://www.condorresources.com/ or send mailto:news@condorresources.com
Message sent on Tue Nov 24, 2009 at 1:49:13 PM Pacific Time
=======================================================================
.
Data and Statistics for these countries : Chile | Ecuador | Peru | All
Gold and Silver Prices for these countries : Chile | Ecuador | Peru | All

Condor Resources Inc.

EXPLORATION STAGE
CODE : CN.V
ISIN : CA20676U1049
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Condor Res. is a silver and gold exploration 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$ 14.3 millions as of today (US$ 10.4 millions, € 9.8 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.

Your feedback is appreciated, please leave a comment or rate this article.
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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.
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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...
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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
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9/12/2011High Grade Silver Results at San Martin, Peru
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1/24/2011(Pucamayo)Permits Granted and Drill Contract Signed for Pucamayo West
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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
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2/13/2008(Ocros)Drill Results OCR-001 and OCR-002 from the Ocros Project, Pe...
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8/19/2016DIA Received for Ocros Project; Compañia Minera Casapalca S....
6/15/2016Community Agreement for Exploration at the Ocros Project
5/27/2016Community Agreement for development at the Chavin Project
4/20/2016Comprehensive agreement concluded with Compañia Minera Casap...
3/28/2016Phase II Drill Program underway at Soledad
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
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3/27/2015Condor Closes $225,000 Private Placement
3/6/2015Condor Receives DIA for Pucamayo East Project, Central Peru
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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
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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
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7/3/2014IIROC Trading Resumption - CN
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6/27/2014Drilling Resumes at Condor de Oro, 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
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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
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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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