Bullboard - Stock Discussion Forum Condor Resources Inc CNRIF

Primary Symbol: V.CN

Metals & Mining Industrial Metals & Minerals

Condor Resources Inc. is an exploration stage company. It is engaged in the business of acquisition and exploration of mineral properties in Peru. Its portfolio includes Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, Andrea, San Martin, Lucero, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 42 square kilometers within the central Andes mineral... see more

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Condor Resources Inc > Looking for info on Condor? UP 34% This Week

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Post by ALTEL on Oct 20, 2023 5:26pm

Looking for info on Condor? UP 34% This Week

UPDATE: Hole #1 has been completed after reaching a depth of approximately 3X the original planned depth (that's usually good news)

After many years of Community meetings and negotiations the day has finally arrived

Pucamayo Drilling has commenced

https://www.accesswire.com/790653/condor-commences-drilling-at-the-pucamayo-east-project-peru

Multiple PHD Geologists have called Pucamayo one of the best undrilled AU/AG properties left on the planet

https://www.youtube.com/watch?v=rpaLAIwcbTM
9 minute video by a PHD Geologist

https://www.youtube.com/watch?v=tSvgI49D91Q
25 minute video from Crescat Capital on why they invested in Condor in 2020
Condor comments start at the 10 minute mark, use fast forward

https://youtu.be/HCQWsOAgDsw
longer video by a well-respected Jr mining investor

15 hole VERY shallow (deposit starts at surface) drill program commenced this week (Oct 6) on Flagship AU/AG property (Pucamayo) in Peru

Pucamayo is a Large High Sulphidation Epithermal Target and an underlying Porphyry-type target.

Similar structure and grades as the Pierina open pit Deposit

Pierina was drilled by Arequipa and Bot by Barrick after drilling only 9 holes in 1996

For the sum of US$790,000,000 (Gold was $400/oz in 1996)

Pucamayo deposit looks to be bigger than Pierina

Possibly containing 150 – 200 mil tons of rock per a PHD Geologist

Multiple other High Grade properties in Peru

$3 mil in the till

0 warrants outstanding

140 mil shares issued as of today

Crescat capital owns 20%

Last PP was in 2020

Company is self sustaining with incoming property payments on several of it’s properties

It has $500,000 of income due in Dec 2023 from the Lucero property

And $1,000,000 of income due in June 2024 from the Soledad property

Our frugal CEO pays himself a modest $84,000/year

More info at www.condorresources.com

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