Condor Resources Inc.
TSX VENTURE : CN

Condor Resources Inc.

May 05, 2011 08:42 ET

Condor Resources Inc.: Phase I Drill Program Completed at Pucamayo West

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2011) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN). Further to our news release of April 11th, Condor is pleased to report that the drill program has been completed at the Pucamayo West Gold-Silver prospect located in Ica Department, Peru.

The first drill hole was collared on March 16th, and a total of eleven shallow diamond drill holes totalling 1,200 metres were completed by April 21st.

The drill program at Pucamayo West was designed to test the numerous NW and NE trending low to intermediate sulphidation multiphase quartz-carbonate veins and vein systems, the largest of which has been traced along strike for 1500m, with widths ranging from a few metres to 25 metres and averaging over 15 metres. The majority of the drill holes successfully intersected the quartz-carbonate veins, which veins show evidence of multiple brecciation and silicification events. The steeply dipping veins are surrounded on the hanging wall and footwall by silicified and brecciated host rock or 'crackle breccia' and further outwards into silicification halos, particularly in the case of the main NW-SE trending structure. Some base metal sulphide mineralization has been observed associated with the main vein.

Drill holes have been geologically logged and photographed, the principal structures saw cut and sampled, while the silicified and altered zones were split and sampled. All samples were prepared on site by Company personnel and securely shipped in sealed bags to the ALS analytical lab in Lima, with internal QA/QC procedures applied. Results are expected to be released on several of the holes within the next couple of weeks.

Condor 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 discovery. The Company's long term objective is the discovery of a major new gold and/or base metal deposit, and its business plan offers shareholders access to an exciting and growing portfolio of discovery stage properties, including six 100% owned projects in Chile, and seven projects in Peru, each offering a unique path to discovery.

ON BEHALF OF THE BOARD

Patrick J. Burns, President & Chief Executive Officer

Dr. Richard Culbert is the Qualified Person under NI 43-101 who has approved the technical content of this news release.

Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Corporation does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information