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Condor Resources Confirms Receipt of Initiation of Activities Permit for Cobreorco and Announces 3,500 Metre Drill Program
VANCOUVER, BC / ACCESS Newswire / March 10, 2026 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to announce that its Cobreorco copper-gold project in Apurímac, Peru, has received the Initiation of Activities ("IA") permit ...
About this update from Teck Resources Limited Class A
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 10, 2026 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to announce that its Cobreorco copper-gold project in Apurímac, Peru, has received the Initiation of Activities ("IA") permit from the Peruvian Ministry of Energy and Mines ("MEM"), the final permit required to commence exploration drilling at the project.","length":418,"tagName":"p"},{"type":"text","content":"Cobreorco is being advanced pursuant to Condor's option and joint venture agreement with Teck Perú S.A. ("Teck Perú"), a subsidiary of Teck Resources Limited. Following receipt of the IA permit, Teck Perú is expected to commence a 3,500-metre diamond drilling program in June 2026, consisting of six priority holes designed to test a compelling copper-gold skarn and porphyry target defined through geophysical, geochemical and geological work completed in 2025.","length":476,"tagName":"p"},{"type":"text","content":"Chris Buncic, President and CEO of Condor, commented: "The receipt of the IA permit is a major milestone for Cobreorco and an important step forward in unlocking the value of this project. Teck Perú have done an excellent job advancing Cobreorco through the technical, social and permitting work required to get to this point. We are excited to see drilling begin and believe that a successful program at Cobreorco has the potential to have a material positive impact for Condor shareholders."","length":503,"tagName":"p"},{"type":"text","content":"During 2025, Teck Perú completed an extensive work program at Cobreorco that materially advanced the project toward drilling. This included ongoing engagement with local communities, technical field reviews to refine the geological model, and multiple geophysical and surface exploration surveys. Key work programs completed during the year included a radiometric survey over approximately 70% of the property, in-fill soil sampling, a ground gravimetric survey, and a 20 line-kilometer induced polarization survey. The results of this work were integrated into an updated geological and geophysical model, which was used to define the planned 2026 drill program.","length":663,"tagName":"p"},{"type":"text","content":"In addition to the technical work, Teck Perú made significant progress on the project&...