trending Market Intelligence /marketintelligence/en/news-insights/trending/A9xDWZrfUwg_tE_AgZGRsw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Condor Resources acquires 3 new projects, expands Pucamayo project

Blog

Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020


Condor Resources acquires 3 new projects, expands Pucamayo project

Condor Resources Inc.said July 20 that it has acquired mineral rights over three new projects from thePeruvian government and has expanded its Pucamayo gold-silver project in the country through the acquisitionof a substantial land position adjoining the project.

The company initially applied for the award of mineral rights over five projects,of which three were granted — the Humaya, Quilisane and Huinac Punta projects.

Humaya is a 7-square-kilometer copper prospect, Quilisane is a 14-square-kilometergold-silver prospect, and Huinac Punta is a 10-square-kilometer prospect withinthe polymetallic belt of the central Andes.

Furthermore, Condor has also arranged to acquire additional mineral rightsover concessions spanning 94 square kilometers and contiguous with its Pucamayoproject from a third party for an undisclosed amount.

The company intends to focus on its enlarged Pucamayo project and newly acquiredPeruvian assets, and has decided to terminate its option to acquire an 85% interestin Condor de Orogold project, which is also in Peru.