RE:RE:RE:RE:RE:New MD&A released.
The Company commenced its maiden drill program at Pucamayo East in early October. The first drillhole was completed to a depth of 393m, and drilling is currently underway on the second drillhole. The planned drill program is for 2,500m, and up to ten drillholes.
…… so if the depth of the holes is increasing that’s probably good news, if the deposit is thicker than anticipated then we can possibly up the tonnage and the AUAG OZ recovered.
Property Summary: Condor presently has a high-quality portfolio of eleven precious and base metals projects in Peru, and a further three projects (Soledad, Lucero, and Ocros) that are subject to optional farm-out or sale agreements. Of the eleven properties in the portfolio, the Company intends to initially self-fund a maximum of four of the projects, and work towards farm-out or sale agreements on the balance of the portfolio. The Company continues to evaluate the acquisition of new properties as opportunities arise.
……. Self funding 4 drill programs, that’s news
At August 31, 2023, the Company had cash and cash equivalents of $3,198,586 and working capital of $3,925,909.
The Future could be Very Friendly boys