CONDOR RESOURCES INC
Peru
Cobreorco Project: Geological Background
Condor Resources (CN · TSX-V) · Peru
Cobreorco comprises nine mineral concessions totaling approximately 5,100 hectares located in Apurímac in southern Peru…
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Analysis by Bill Pearson, PhD, P.Geo
Updated Jul 30, 2026
Cobreorco comprises nine mineral concessions totaling approximately 5,100 hectares located in Apurímac in southern Peru, approximately 175 kilometres southwest of Cusco. The project operates under the Company’s option and joint venture agreement with Teck Perú S.A. (“Teck”), a subsidiary of Teck Resources Limited,
Geologically, the property lies within the Southern Peru Eocene metallogenic belt, host to a number of large copper-gold skarn and porphyry deposits that share the same carbonate host stratigraphy and Eocene intrusive ages (approximately 34 Ma) interpreted by Condorat Cobreorco. Deposits within the belt include Ferrobamba at the Las Bambas mining complex (2.3 billion tonnes grading 0.55% Cu), Coroccohuayco in the Tintaya district (184 million tonnes grading 1.02% Cu), and Haquira (1.4 billion tonnes grading 0.45% Cu). These deposits illustrate the scale and grade potential of well-developed skarn-porphyry systems in the belt and provide geological context for the style of mineralization that Condor and Teck are testing at Cobreorco.
Figure 1
Source: Condor Resources
Synthesis target map prepared by Condor/Teck showing proposed drill holes over project geology with coincident geophysical and geochemical anomaly footprints.
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Actual holdings will vary for each client or fund and there is no guarantee that a particular account will hold any or all of the securities discussed. All investing involves risk including risk of loss. Crescat target resource estimates (TSE) are based on internal modeling and geologic estimates, and include various assumptions based on analysis of geology, geophysics, geochemistry, historic drill assays, and metallurgical recovery data received to date. TSE are discounted based on drilling progress to date, an assessment of the management and technical team's strengths and weaknesses affecting their ability to advance the project, and environmental, local community, and government permitting risk factors. Estimates are displayed on a gold equivalent basis based on current price-to-gold ratios for silver, copper, and other metals if the primary metal is other than gold. Further drilling, assaying, resource modeling, and engineering studies will be required to determine whether Crescat's TSE can be reasonably expected to be achieved. Crescat's target resource estimates are updated monthly across the entire portfolio. Sources: Crescat Capital LLC, Bloomberg, Issuer. Expected profitability percentile is based on Crescat's geologic estimates of projected grades, recoveries, capex, and operational costs on the primary project compared to the universe of operating mines. This value does not project overall anticipated company profitability.