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Condor Resources Inc.
Summary
| Project: | Soledad | |
|---|---|---|
| Deposit: | Soledad | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 10/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-10-2017: Condor Resources Inc. announces an Exploration/Drilling Update report for its Soledad deposit at the Soledad project. JV - drilling results incl. 209m @ 2.22g/t Au. 69.6g/t Ag, 0.96% Cu from 0m. Vancouver, B.C., October 25, 2017 - Condor Resou | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian D. Game (Not stated) | |
| ABSTRACT: | Vancouver, B.C., October 25, 2017 - Condor Resources Inc. - (“Condor” or the “Company”) (TSX.V: CN) is pleased to provide the summary drill results from the ongoing diamond drill program at the Soledad project in the Ancash Department, Peru. Further to our news release of October 6 th , results of the third, fourth, and fifth drillholes completed by Chakana Resources S.A.C. were published today in a press release issued by Remo Resources Corp. (“Remo”). In a news release issued October 6th, 2017, Remo disclosed the proposed reverse takeover of Remo pursuant to an amalgamation agreement with Chakana Copper Corp (“Chakana”), as well as the results from the first and second drill holes. Chakana has the option to earn a 100% interest in Soledad, subject to a 2% net smelter return royalty in favour of Condor, by completing 12,500m of diamond drilling, making cash payments to Condor totalling US $5.375m, and issuing 500,000 Chakana shares to Condor. To date, all Chakana’s drillholes have been located at breccia pipe #1, and are designed to provide detailed information on the geometric size and mineralized grades of this tourmaline breccia pipe. It is expected up to 12 drill holes will be completed at breccia pipe #1, and then the drill rig will be relocated to breccia pipe #5, where a similar program will be undertaken | |
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