Business
Condor Acquires the Kury Intsa Gold and Base Metals Property in the Cordillera del Condor, Peru
(via Thenewswire.ca)
About this update from Condor Resources Inc.
[{"type":"text","content":"Condor Acquires the Kury Intsa Gold and Base Metals Property in the Cordillera del Condor, Peru\n\n(via Thenewswire.ca)\nTSX.V: CN Shares Outstanding: 24,060,241\n\nVancouver, B.C., February 26, 2009 - Condor Resources Inc. - (\"Condor\" or the \"Company\") (TSX.V: CN) is pleased to announce that it has acquired an irrevocable option for a 100% interest in the Kury Intsa (\"Valley of Gold\") gold and base metals property in the newly-emerging Cordillera del Condor gold and copper belt in northern Peru along the border with Ecuador.\n\nThree separate gold-copper and associated silver-lead-zinc targets have been identified to date on the Kury Intsa project, in areas where placer gold has been recovered in the main creeks draining the property.\n\nThe 70 square kilometer property comprises a total of 10 mining concessions duly filed with the Peruvian mining authority (Instituto Nacional de Concessiones y Catastro Minero - INACC, located NE of the Company's Condor de Oro and Sol de Oro projects and localized at the intersection of the prolific Cordillera del Condor trend and the Machala metallogenic belt. The Company has commenced filing documentation for the necessary permission required by foreign mining companies operating within 50 kilometres of the border with Ecuador.\n\nCondor now holds agreements granting it control of in excess of 200 square kilometers (20,000 ha) of what Condor geologists consider to be some of the most prospective gold and base metal exploration targets within the Cordillera del Condor belt. All three of the Condor projects - Condor de Oro, Sol de Oro and Kury Intsa - exhibit gold and base metals mineralization in outcrop and in historic placer gold workings in streams. The newly-emerging Cordillera del Condor gold and base metals belt has recently been the focus of increasingly intense exploration activity and virtually the entire area is now staked.\n\nPlease visit our website for a property location map of the Kury Intsa property and Condor's other projects in Northern Peru.\n\nThe Company will soon be releasing results of a recent exploration program on its Condor de Oro project.\n\nCondor 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...