Condor Resources CEO Chris Buncic discussed the company’s 2025 exploration plans in Peru, emphasizing successful discoveries, upcoming drilling programs at Huiñac Punta and Pucamayo East, a joint venture with Teck Resources, and the positive outlook for future opportunities.
Condor Resources Inc. CEO Chris Buncic provided insights into the company’s exploration plans for 2025 during an interview with Proactive’s Stephen Gunnion. The updates highlighted significant progress at key sites in Peru, including Rio Bravo, Huiñac Punta, and Pucamayo East. Notably, a successful copper-molybdenum porphyry discovery at Rio Bravo has sparked heightened interest from industry partners, as stated in a February 4 press release.
The CEO detailed the company’s planned drilling initiatives, which encompass a 1,500-meter exploration program at Huiñac Punta and a 2,000-meter program at Pucamayo East. These efforts will commence once weather conditions permit. In contrast, the company is currently awaiting a DIA permit for Pucamayo Southeast, necessitating a focus on projects that are already fully permitted.
Furthermore, Buncic discussed the ongoing joint venture with Teck Resources at Cobreorco. Teck is committed to investing $10 million over six years in exchange for a 75% ownership stake. The permit approvals are under progress, and drilling activities are anticipated to begin in the latter half of the year.
Looking towards the future, Buncic remains optimistic about potential catalysts for the company, including active drilling campaigns and opportunities for strategic partnerships. For additional updates, viewers are encouraged to visit Proactive’s YouTube channel, where they can like videos and subscribe for notifications.
In summary, Condor Resources is advancing its exploration strategies in Peru with confirmed discoveries and upcoming drilling plans that promise to increase industry interest. The joint venture with Teck Resources exemplifies the company’s potential for growth, while the necessary permits pave the way for future projects. The outlook remains optimistic as Catalysts, such as drilling campaigns and partnership opportunities, emerge on the horizon.
Original Source: www.proactiveinvestors.com
