Condor Resources names Chris Buncic as company’s new President and CEO
April 23, 2024 at 10:29 am EDT
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Condor Resources CEO Chris Buncic joined Steve Darling from Proactive to announce his appointment as the Company’s new President and CEO. Buncic brings over 24 years of experience in the mining industry and capital markets to his new role. He most recently served as the co-founder and CEO of Alto Verde Copper Inc., where he focused on copper assets in Chile before the company was acquired by Interra Copper Corp. Previously, Buncic held the position of President and CEO at Ascendant Resources Inc., where he played a key role in restoring profitability to the El Mochito mine in Honduras and advancing exploration efforts at the Lagoa Salgada project in Portugal.
In addition to the leadership transition, Buncic also discussed the company's project generator model, their strong community relations, and the recent developments in their Peru project. Buncic shared encouraging assay results from Condor Resources' maiden diamond drill program at the Pucamayo East project in Peru. The program, which concluded in December, involved drilling 2,353 meters in nine diamond drill holes, targeting a 600m by 900 meters area within the four-square kilometer advanced argillic alteration zone on the property.
The drill program identified a substantial mineralized and altered area with locally elevated precious and base metals, with some of the best values encountered near the surface. Significant intercepts included both long intervals of low-grade precious and base metal mineralization, as well as local high-grade structures, such as 18.96 g/t AuEq over 2.0 meters. Despite testing only a small part of the Pucamayo property, the company is optimistic about the potential of the area, which appears to be part of a much larger mineralized system.
With Buncic at the helm, Condor Resources is poised to continue its exploration and development efforts, leveraging his extensive experience and leadership in the mining industry to drive the company's growth and success.
Contact Details
Proactive North America
Proactive North America
+1 604-688-8158
na-editorial@proactiveinvestors.com
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Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Condor Resources Inc. is an exploration stage company. It is engaged in the business of acquisition and exploration of mineral properties in Peru. Its portfolio includes Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, Andrea, San Martin, Lucero, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 42 square kilometers within the central Andes mineral belt in northern Peru and is host to a polymetallic vein system. Soledad property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes. Quriurqu property is located about 45 kilometers (km) southwest of the Pierina gold-silver mine. Huinac Punta is about 65 km south-east of the Antamina mine. The Pucamayo project is located 185 km southeast of Lima at an elevation of 3800 to 4200 meters (m), in the Tertiary volcanic belt. The Andrea project is located in the south-central Andes, at elevations ranging from 4100 to 4600 m, approximately 480 km south-east of Lima.