Condor Resources Appoints Chris Buncic as New President and CEO, Highlights Exploration Success in Peru

Condor Resources has announced the appointment of Chris Buncic as its new President and CEO, marking a significant leadership transition for the mining company. Buncic, with over 24 years of experience in the mining industry and capital markets, is expected to bring a wealth of knowledge and leadership to Condor Resources. His recent role as co-founder and CEO of Alto Verde Copper Inc., which focused on copper assets in Chile before its acquisition by Interra Copper Corp., along with his tenure as President and CEO at Ascendant Resources Inc., underscores his capability to steer Condor Resources towards growth and profitability.

Under Buncic's leadership, Condor Resources is set to continue its exploration and development efforts, particularly highlighting the company's project generator model and its strong community relations. The announcement also shed light on the recent developments in Condor Resources' Peru project, where the company has reported encouraging assay results from its maiden diamond drill program at the Pucamayo East project. The program, which involved drilling 2,353 meters in nine diamond drill holes, targeted a 600m by 900 meters area within a four-square kilometer advanced argillic alteration zone, revealing a substantial mineralized and altered area with locally elevated precious and base metals.

Significant intercepts from the drill program include 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. These findings, despite covering only a small part of the Pucamayo property, suggest the potential of a much larger mineralized system, offering promising prospects for Condor Resources' future exploration endeavors. With Buncic's extensive experience and leadership, the company is well-positioned to capitalize on these opportunities, driving forward its exploration and development projects to achieve new heights in the mining industry.