Condor Resources Inc.: Diamond Drill Turning at the Brahma Project
VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 8, 2008) – Condor Resources Inc. (“Condor” or the “Company”) (TSX VENTURE:CN) is pleased to announce that the diamond drill contracted from Major Drilling Chile S.A. is now on the Brahma property and has commenced drilling an 8 to 10 hole 3500 metre drill program. Unseasonal heavy rains slowed construction of the 10 kilometre access road to the project but recent progress has allowed the commencement of the drill program.
In addition, one 2.8 kilometre line of IP/resistivity geophysics was recently completed over the central portion of the Brahma target. Anomalous chargeabilities over 20 mV/V were observed over the entire line, including a particularly strong IP anomaly near the center of the line with chargeabilities exceeding 40 mV/V over a zone measuring approximately 900 metres in width. A deep conductive zone is associated with the central strong IP anomaly which occurs adjacent to a potassic alteration zone. The interpreted depth to the chargeable zone varies from 50 metres to 200 metres possibly due to leaching of sulphides near surface. This strong IP anomaly is interpreted as sulphides associated with porphyry-style mineralization.
The objective of the Brahma drill program is to test the 3 sq kilometre highly copper anomalous core of this large mineralized system, considered by Condor geologists to be one of the most significant new porphyry copper occurrences to come out of Chile in recent years.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of copper and gold projects in Latin America, where management has extensive experience and a proven track record of discovery. The Company’s long-term business plan offers shareholders access to a growing portfolio of properties, including seven 100% owned projects in Chile, and four in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns, President & Chief Executive Officer
Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulatory authorities. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward- looking statement. 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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