CONDOR RESOURCES INC

On May 29, 2026 Condor announced that drilling will commence at Cobreorco. The 3,500 metre diamond drilling program, comprising six priority holes, is the first drill program at Cobreorco and follows extensive geophysical, geochemical and geological work completed in 2025 to define the drill target.

The 2026 program will target structurally controlled and intrusive-related copper-gold-iron skarn and porphyry systems hosted in Eocene intrusions. The principal objective is to intersect high-grade skarn mineralization, interpreted as a cluster of discrete mineralized cells, related to potassic-altered, copper-oxide-bearing dykes mapped at surface, and a potential underlying porphyry interpreted as the source of the broader hydrothermal system. The target is defined by coincident high chargeability, magnetic-high and elevated-density responses across the main porphyry-skarn footprint.

Comments

Cobreorco is located in the prolific Southern Peru Eocene metallogenic belt, host to a number of large copper-gold skarn and porphyry deposits. Substantive baseline geological and geophysical work by Condor and Teck has outlined a promising major drill target in a similar geological setting to known deposits in the belt. This will be a very interesting drill program to follow as results become available.

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.

Figure 2
Source: Condor Resources

Schematic geological model of the interpreted Cobreorco skarn-porphyry system prepared by Condor/Teck showing the relationship between skarn bodies, mineralized dykes and the interpreted porphyry source.