Condor Resources Inc. - (Condor or the Company) (TSX.V: CN) is pleased to announce that it has received permission from surface landowners to access its wholly-owned Soledad project in northern Peru and has contracted Val D'Or Geophysics of Peru (VDG Del Peru S.A.C.) to conduct a 20 line-kilometer ground magnetic and IP geophysical survey on the property commencing on March 9, 2012.
The Soledad property covers a large hydrothermal alteration system associated with a quartz-sericite-clay-limonite gossan measuring approximately 1500m in diameter. In addition to the six breccia bodies identified to date, at least eight quartz-tourmaline structures up to 500m long and 10m wide, and numerous polymetallic Ag-Cu-Pb-Zn veins have been identified that are associated with the alteration system.
Condor geologists interpret the near-surface alteration system at Soledad to be related to a gold and silver enriched intrusive-related copper system at depth.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of precious and base metals 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 precious/base metals deposit and its business plan offers shareholders access to an exciting portfolio of fifteen properties in Peru and Chile, each offering a unique path to discovery.
ON BEHALF OF THE BOARD Patrick J. Burns, President & Chief Executive Officer
For further information please contact Timea Carlsen at 1-778-998-2473, or by email at: firstname.lastname@example.org
Dr. Richard Culbert, P. Eng., is the Qualified Person for the Company as required by NI 43-101 and has reviewed the contents of this news release.
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