Condor Resources CEO Chris Buncic recently provided an important update on several of the company's strategic projects and community engagement efforts. The company's flagship project, Pucamayo, has yielded promising results from its 2023 drill analysis, confirming the presence of a hydro-magmatic center with mineralization of gold, silver, and elevated values of lead, zinc, and copper.
In a significant regulatory development, the Ministry of Energy and Mines has mandated a separate Environmental Impact Assessment (DIA) for the South East Target of the Pucamayo project. Condor Resources has already initiated the application process for this assessment. The company has also received strong community support for its exploration activities, which now include plans to incorporate an additional 40 drill holes in the South East Target.
Beyond Pucamayo, Buncic shared updates on the Huinac Punta and Andrea projects. After a period of inactivity, Condor Resources is now engaged in productive discussions with local community leaders. The company plans to provide a comprehensive overview of its activities in Peru, emphasizing the benefits to the local communities.
The Huinac Punta project, known for its high-grade silver deposits, is currently navigating the consulted previous process, a governmental requirement for activities in culturally sensitive areas. Progress in this area is anticipated by early autumn, which could lead to new drilling activities.
These updates underscore Condor Resources' commitment to advancing its exploration projects while maintaining strong community relationships. The developments are expected to have significant implications for the company's strategic direction and its contributions to local economies.
