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Condor Resources boosts drilling funds with Soledad sale – ICYMI
Proactiveinvestors NA· 2025-07-11 20:12
Core Viewpoint - Condor Resources Inc. has signed a Letter of Intent to sell its Soledad project for $3 million over three years, which will support drilling activities at Huiñac Punta [1][2]. Group 1: Sale of Soledad Project - The sale of the Soledad project will generate $3 million over a three-year period, including an upfront payment to facilitate drilling [1][2]. - The Soledad project contains nearly 2% copper equivalent in lens-type formations and breccia pipes, making it an attractive asset for the buyer [3]. Group 2: Focus on Other Projects - The funds from the sale will allow the company to advance its other projects, specifically Huiñac Punta and Pucamayo [2][4]. - Huiñac Punta is fully permitted, and the company plans to use the proceeds from the sale to initiate drilling activities there [4]. - Pucamayo is awaiting approval for its high-sulfidation epithermal gold target, with ongoing efforts to expedite the process [4]. Group 3: Future Outlook - The company anticipates an exciting few months ahead, with expected developments from Teck Resources Ltd regarding Cobreorco, alongside news from its own projects [4].