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Condor Resources CEO discusses 2025 Peru exploration plans
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) CEO Chris Buncic takes Proactive's Stephen Gunnion through the company’s latest exploration updates in Peru, including progress at Rio Bravo, Huiñac Punta, and Pucamayo East. He highlighted that the company has confirmed a copper-molybdenum porphyry discovery at Rio Bravo, following a February 4 press release, which has led to increased industry interest in potential partnerships.
Buncic discussed upcoming drill programs, with a 1,500-meter plan at Huiñac Punta and 2,000 meters at Pucamayo East, set to begin once weather conditions improve. Meanwhile, at Pucamayo Southeast, the company is still awaiting its DIA permit, leading to a temporary shift in focus to fully permitted projects.
He also provided an update on Condor’s joint venture with Teck Resources at Cobreorco, where Teck is set to invest $10 million over six years for a 75% stake. Permit approvals are in progress, with drilling expected to commence in the second half of the year.
Looking ahead, Buncic sees multiple catalysts, including active drilling campaigns and potential partnership deals.
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