Approval for Exploration Activities Issued for the Condor de Oro Project
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/11/13 -- Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE: CN) is pleased to advise that it has been notified by Exploraciones Aguila Dorada S.A.C. ("EAD") that EAD has received Directoral Resolution No. 229-2013 from the Ministry of Energy and Mines Peru, approving exploration activities, including up to 20 drill holes, on three of EAD's twelve concessions at the Condor de Oro project.
Condor has an irrevocable option to acquire 85% of the issued shares of EAD, and in turn, Condor has granted Mariana Resources Ltd. ("Mariana") an option to acquire 60% of Condor's interest. The three concessions for which EAD has been granted a drill permit pertain to the Area 1 option between Condor and Mariana.
Condor was incorporated in 2003 by field exploration specialists focused on the generation of precious and base metals projects in South America, where management has extensive experience and a proven track record. The Company's long term objective is the discovery of a major precious/base metals deposit through its portfolio of properties in Peru and Chile.
ON BEHALF OF THE BOARD
Lyle Davis, Chief Executive Officer
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 Corporation 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.
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Condor Resources Inc.
1-866-642-5707
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Datum: 11.09.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 295536
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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